Oslo Nye Sparebank was a savings bank

Sparebank

Sparebank is a Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks. There are a total of 123 savings banks in Norway.- History :...

 based in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

. It was established by Bondeungdomslaget i Oslo in 1921, which bought half the primary capital certificates. The bank had Nynorsk

Nynorsk

Nynorsk or New Norwegian is one of two official written standards for the Norwegian language, the other being Bokmål. The standard language was created by Ivar Aasen during the mid-19th century, to provide a Norwegian alternative to the Danish language which was commonly written in Norway at the...

 as it language of business. It was bought by Vestlandsbanken

Vestlandsbanken

Vestlandsbanken was a bank based in Bergen, Norway. It was established in 1926 and explicitly did all its business in Nynorsk. In 1975, it merged with the Oslo-based Oslo Nye Sparebank, also it a Nynorsk-bank. In 1987, Vestlandsbanken merged with Bøndernes Bank, Forretningsbanken and Buskerudbanken...

, a Bergen

Bergen

Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....

-based Nynorsk-bank, in 1975, for 1.1 million Norwegian krone

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

. The sales price was transferred to Oslo Nye Sparebanks Fond, a charitable foundation which grants money to Nynorsk-based activities in the Oslo area.