SpareBank 1 Telemark said that its Board of Directors decided to explore a potential IPO to "strengthen future competitiveness". Per Halvorsen, Chief Executive Officer of Sparebanken Telemark said, “A future listing will strengthen our opportunities to continue the bank's profitable growth strategy". Sparebanken Telemark decide on a potential application for listing on Oslo Børs during the second half depending on market conditions, adding that it has engaged advisers in connection with the possible listing.