Third listing on Oslo Børs main market so far this year and 75th listing on Euronext
Brings the total number of companies listed on Oslo Børs main market to 213
Market capitalisation of approximately NOK 521 million
Oslo – 14 December 2022 – Oslo Børs, part of the Euronext Group, today congratulates Bien Sparebank (ticker: BIEN) on its listing on the Oslo Børs main market. This is the third listing on the main market this year and the 15th on Oslo Børs in total. It is also the 75th listing on Euronext in 2022. With the listing of Bien Sparebank, there are 213 companies listed on the Oslo Børs main market.
Founded in 1885, Bien Sparebank is the oldest, independent savings bank in Oslo. The bank aims to be a close and easily accessible bank for people and businesses in the Oslo area. Private customers make up approximately 85 percent of its business.
At opening, the share price was set at NOK 91,70 per share. This corresponds to an estimated market capitalisation of NOK 521 million.
Lena Jørundland, CEO of Bien Sparebank, said: “Bien Sparebank ASA is a solid and well-managed bank with a proud history dating back to 1885. An IPO on Oslo Børs is a natural part of the bank's strategy to realise its full potential as the "The Advisory bank" in Oslo. Our listing on the Oslo Børs helps ensure a good ownership structure for further growth. As a niche bank for customers who value relationships, we see unlimited development potential in the Oslo market. We have recently strengthened the organisation with skilled and knowledgeable employees and are well equipped to be able to further develop and expand the customer portfolio in the years ahead. We have ambitious goals to be the best bank for our customers and through that deliver an attractive and sustainable return.”
Caption: Lena Jørundland, CEO of Bien Sparebank, and Bendick Falch-Koslung, Chair of the Board, rang the bell this morning to celebrate the company’s listing on the Oslo Børs main market. They were welcomed by Eirik Høiby Ausland, Head of Nordic Listing at Oslo Børs (Photo: Chris Fey/ NTB)
About Bien Sparebank ASA
Bien Sparebank traces its roots back to 1885. The bank is a limited liability savings bank with a branch located in Oslo. Bien Sparebank offers customers an easy and uncomplicated everyday banking experience, is present at important life events and helps customers realise their ideas and projects. The bank's vision is to strengthen customers, which is operationalised through compliance with the industry standards for good ethical conduct and practices.
Bien Sparebank operates traditional full-service banking, with 29 employees. Bien Sparebank will be a contributor and promoter of sustainable value creation in society through responsible banking. See www.bien.no for more information.