BN Bank ASA
BN Bank ASA is a Norwegian branchless digital bank specializing in real estate and mortgage financing for retail consumers and SMEs, offering fee-free daily banking, savings products, and property lending nationwide from Trondheim.
- Company typePrivate
- Founded1961
- HeadquartersTrondheim, Norway
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What BN Bank ASA does
BN Bank ASA is a Norwegian digital-first bank founded in 1961 and headquartered in Trondheim, operating nationwide without physical branches. The bank specializes in real estate and property financing — covering residential mortgages, home equity credit lines, senior equity-release loans, cabin financing, and commercial property loans — alongside a fee-free daily banking proposition (no monthly account fees, no domestic or international card fees) and a broad savings product set including BSU youth accounts, high-yield and fixed-rate deposits. It serves two principal segments: retail consumers and small-to-medium enterprises, with the corporate market supported from an Oslo office.
The technology foundation is a mobile- and web-banking platform integrated with BankID for authentication, automated credit decisioning in digital origination, real-time transaction monitoring for fraud detection, and chat-robot customer service workflows. The bank offers a fully self-service digital journey — calculators, online account opening, and a facilitated bank-switching service that migrates payment agreements — supplemented by phone and chat advisory.
BN Bank is owned by the SpareBank 1 alliance (Sør-Norge 42.48%, SMN 35.02%, Nord-Norge 9.99%, Østlandet 9.99%, Østfold-Akershus 2.52%) and uses alliance infrastructure for funding through SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt, in which it holds equity stakes. Revenue is generated primarily through net interest income on lending, deposit-spread earnings, a 275 NOK annual card fee, and referral commissions on third-party products (car loans via SpareBank 1 Finans, unsecured credit via SpareBank 1 Kreditt). Distribution combines direct digital acquisition with a network of mortgage intermediaries and financial agents.
BN Bank ASA firmographics
Firmographics- Name
- BN Bank ASA
- Legal name
- BN Bank ASA
- Website
- https://bnbank.no
- Company type
- Private
- Founded year
- 1961
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- BN Bank ASA is a Norwegian branchless digital bank specializing in real estate and mortgage financing for retail consumers and SMEs, offering fee-free daily banking, savings products, and property lending nationwide from Trondheim.
- Ownership category
- akta.pro rank
Where BN Bank ASA is headquartered
LocationHeadquarters
- HQ city
- Trondheim
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
BN Bank ASA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest income from lending: BN Bank earns interest income from its loan portfolio, which includes mortgage loans (boliglån), home equity loans (rammelån), refinancing loans, car loans, senior loans, and other credit products. The bank specializes in real estate and property financing for both retail and SME customers.
- Fee income from payment services and cards: The bank generates fee income from payment services, with the primary fee being an annual debit/credit card fee of 275 NOK. International ATM withdrawals and card usage in Norway are fee-free, limiting fee revenue from those channels.
- Deposit taking and interest spread: BN Bank takes deposits from retail and business customers, paying interest on savings and current accounts and earning the spread against its loan portfolio.
- Third-party product distribution: BN Bank distributes third-party financial products including unsecured loans (via SpareBank 1 Kreditt/Kredittbanken), car loans (via SpareBank1 Finans), and acts as an agent for other lenders, generating referral/commission income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard daily banking account — fee-free usage |
| Subscription | Pay-as-you-go | Savings accounts — variable interest rates |
| Other | Monthly | Mortgage and loan products — individually priced |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
BN Bank ASA product offering
Product offeringCore offering
BN Bank ASA is a Norwegian digital-first, branchless bank that delivers fee-free daily banking (accounts, domestic and international payment cards, ATM access) to retail customers and small-to-medium enterprises, complemented by a specialist mortgage and real-estate lending book that includes home mortgages, home-equity credit lines, cabin loans, senior equity-release loans, refinancing, and car loans. It funds this lending with a diversified suite of savings deposits — Sparekonto Pluss, Høyrentekonto, Fastrenteinnskudd, Plasseringskonto 31, Bufferkonto, BSU, and youth savings — and distributes third-party credit products (unsecured personal loans via SpareBank 1 Kreditt, car loans via SpareBank 1 Finans). All transactions, applications, and advisory are handled online via web banking, mobile app, and phone/chat, with bank switching and onboarding fully digitized.
Product overview
BN Bank ASA is a Norwegian digital-first bank offering fee-free daily banking under the tagline "Mindre bank. Mer deg." The company operates without physical branches, delivering all services through mobile and internet banking platforms. The core product portfolio spans three main categories: (1) Deposit and savings products including Sparekonto Pluss, Høyrentekonto, Fastrenteinnskudd, Plasseringskonto 31, Bufferkonto, BSU-konto, and Depositumskonto; (2) Lending products including Boliglån (home mortgages with sub-products like Finansieringsbevis, Opplåning, Rammelån, Hyttelån, and avdragsfrihet), SeniorLån for equity release, Billån via Sparebank1 Finans partnership, and refinancing options; (3) Payment and card services including the fee-free debit card and Kredittkort delivered through SpareBank 1 Kreditt partnership. Supporting these core offerings are digital tools including mobilbank and nettbank platforms, various loan and savings calculators (Boliglånskalkulator, Sparekalkulator, Rentekalkulator), and bank switching services.
Differentiator
Problem solved
Functional benefit
Brands
- BareSpar: A digital savings platform operated by BN Bank for savings products and services.
Products and services
- Gebyrfri dagligbank (Fee-free Daily Banking) Core retail and SME banking account offering everyday payment services, card use, and account management with no monthly fee and no card-use fees inside or outside Norway.
- Boliglån (Home Mortgage) Residential mortgage product for purchasing a primary residence, refinancing, taking out additional borrowing, or establishing a home-equity credit line, available to Norwegian consumers.
- Hyttelån (Cabin Loan) Mortgage loan for purchasing or refinancing cabins and vacation homes, available to Norwegian consumers.
- SeniorLån Specialized loan product that releases equity from property owned by senior borrowers, providing liquidity while the customer retains ownership of the home.
- Refinansiering (Refinancing of Consumer Debt) Loan product that consolidates existing consumer debt into a single mortgage-secured facility to reduce interest costs and simplify repayment.
- Billån (Car Loan) Vehicle financing loan for purchasing cars, distributed in partnership with SpareBank 1 Finans.
- Kredittkort (Credit Card) Credit card providing always-available revolving credit, delivered in partnership with SpareBank 1 Kreditt.
- Sparekonto Pluss (Savings Account Plus) Flexible savings account with competitive interest rates and no binding period, providing unrestricted access to deposited funds.
- Høyrentekonto (High-Interest Account) Savings account offering higher interest than standard savings products, potentially subject to conditions such as minimum balance or limited withdrawals.
- Fastrenteinnskudd (Fixed-Rate Deposit) Fixed-term deposit account locking funds for an agreed period (3 to 24 months) at a predetermined interest rate, with fees applying for early withdrawal.
- Plasseringskonto 31 Savings account that requires 31 days' notice for withdrawals, offering a higher interest rate in return for the restricted liquidity.
- BSU-konto (Youth Housing Savings) Housing savings account for individuals under 34 offering favorable interest and Norwegian tax deductions of up to 2,750 NOK per year, with saved funds usable for a first home purchase or mortgage repayment.
- Bufferkonto (Buffer Account) Easy-access savings account designed for emergency funds, providing quick access to funds for unexpected expenses.
- Depositumskonto (Security Deposit Account) Account for holding security deposits tied to rental arrangements, supported through a deposit-account intermediary partner (Apex IT AS).
- Bankbytte (Bank Switching Service) Service for new retail customers that closes accounts at their previous bank, transfers balances, and migrates AvtaleGiro and eFaktura payment agreements to BN Bank.
Quantifiable outcome
- Top-tier EPSI customer satisfaction scores in 2025, winning in service level (servicenivå) and accessibility (tilgjengelighet) categories
- +2 more outcomes
Companies that use BN Bank ASA
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
BN Bank ASA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature5 records
BN Bank ASA partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor.
- Eiendomsfinans Drift ASminorEiendomsfinans Drift AS is a financial agent operating in the retail customer segment (personmarked). It refers BN Bank mortgage and loan products to its customers.
- KrogsveenminorKrogsveen is a mortgage broker (formidler av boliglån) that refers home loan applicants to BN Bank.
- LendominorLendo is a loan comparison and brokering service (formidler av boliglån) that redirects qualified loan applicants to BN Bank.
- Tjenestetorget Finans ASminorTjenestetorget Finans AS is a financial services broker that refers loan customers to BN Bank.
- Finans Partner ASminorFinans Partner AS is a financial services intermediary based in Trondheim that distributes BN Bank loan products.
- Sem & JohnsenminorSem & Johnsen is an Oslo-based mortgage intermediary (formidler av boliglån) that routes home loan customers to BN Bank.
- Profin ASminorProfin AS is a financial services broker referring loan customers to BN Bank.
- Kredittbanken ASA (SpareBank 1 Kreditt)minorKredittbanken ASA (operated by SpareBank 1) is the provider and distributor of unsecured personal loans (usikret lån) marketed through BN Bank's channels. BN Bank holds a 1.36% stake in Kredittbanken ASA.
- SpareBank1 FinansminorSpareBank1 Finans is the provider and distributor of car loans (billån) marketed through BN Bank's channels.
- Finit Technologies ASminorFinit is a co-ownership service for homebuyers (deleie-tjeneste) that helps buyers who lack full equity to purchase property. BN Bank refers customers to Finit for financing solutions beyond standard mortgage products.
- Apex IT ASminorApex IT AS is a deposit account intermediary (formidler av depositumskonto) that routes tenants and landlords to BN Bank's deposit account products.
- FIRE Stiftelsen — Ett Skritt VidereminorFIRE is a foundation providing a safe, inclusive community for people struggling with social exclusion. BN Bank supports FIRE through employee volunteering as coaches/instructors, financial contributions for sports equipment and activities, and pro bono financial guidance to FIRE members. The partnership also strengthens internal culture at BN Bank.
- Boligflyt ASminorBoligflyt AS is a moving services broker (formidler av flyttetjenester) that BN Bank partners with to offer moving services to customers purchasing or selling property.
- Barnekreftforeningen (Norwegian Childhood Cancer Association)minorBN Bank contributes financially to Barnekreftforeningen, a national voluntary organization run by parents of children with cancer. BN Bank has donated to support the association's families, including funding trips for affected families.
- Skatteetaten (Norwegian Tax Administration)minorBN Bank participates in the 'Tett på boligkjøper' (Close to the Home Buyer) pilot initiative with the Norwegian Tax Administration (Skatteetaten), launched in autumn 2021. The goal is to help consumers select reputable tradespeople.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
BN Bank ASA competitors and assessment
Company assessmentDirect peers
- Bank Norwegian: Norwegian digital consumer bank offering credit cards, loans, and savings to Norwegian customers via digital channels. Directly comparable as a digital-first Norwegian retail bank competing for the same fee-conscious online customer base.
- Komplett Bank: Norwegian digital challenger bank offering consumer loans, savings, and credit cards online and through mobile channels. Comparable as a branchless Norwegian bank targeting the same digital-native retail deposit and lending customers.
- Sbanken: Norway-based branchless retail bank offering savings, mortgages, and digital banking services. Closely comparable as a Norwegian digital bank competing head-on in the retail deposit and mortgage market.
- SBAB Bank: Swedish state-owned mortgage specialist bank offering residential mortgages and savings, with Norwegian operations. Comparable as a specialist mortgage-focused, branch-light Nordic bank competing on price and digital experience.
Broad incumbents
- DNB: Norway's largest financial services group offering full-service retail, corporate, and investment banking. Comparable as the dominant Norwegian banking incumbent against which BN Bank's specialist digital model differentiates.
- Nordea: Nordic universal bank with a sizeable Norwegian retail and corporate franchise. Comparable as a broad incumbent offering mortgages, savings, and daily banking to the same Norwegian customer base.
- SpareBank 1 SR-Bank: Norwegian regional savings bank and fellow SpareBank 1 alliance member providing retail, corporate, and mortgage banking. Comparable as both a mortgage competitor in Norway and a sister institution within the SpareBank 1 group that owns BN Bank.
- Storebrand Bank: Norwegian savings and life insurance group with a banking arm offering mortgages, savings, and digital banking. Comparable as a savings-led Norwegian bank with retail deposit gathering and mortgage lending.
Regional players
- Sparebanken Vest: Norwegian regional savings bank headquartered in Bergen with retail and corporate banking including mortgages. Comparable as a Norwegian savings bank providing mortgages and daily banking in a defined regional geography.
Emerging players
- yA Bank: Small Norwegian digital challenger bank offering savings and loan products online. Comparable as an emerging digital Norwegian bank targeting similar online retail customers, though operating at a smaller scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
BN Bank ASA social profiles
Digital presenceBN Bank ASA financial estimates
Financial estimateRevenue estimate
Valuation estimate
BN Bank ASA leadership team
Management profileNumber of profiles
Profiles6 records
BN Bank ASA subsidiaries and ownership
Company hierarchySubsidiaries1 record
BN Bank ASA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BN Bank ASA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BN Bank ASA
What does BN Bank ASA do?
BN Bank ASA is a Norwegian digital-first, branchless bank that delivers fee-free daily banking (accounts, domestic and international payment cards, ATM access) to retail customers and small-to-medium enterprises, complemented by a specialist mortgage and real-estate lending book that includes home mortgages, home-equity credit lines, cabin loans, senior equity-release loans, refinancing, and car loans. It funds this lending with a diversified suite of savings deposits — Sparekonto Pluss, Høyrentekonto, Fastrenteinnskudd, Plasseringskonto 31, Bufferkonto, BSU, and youth savings — and distributes third-party credit products (unsecured personal loans via SpareBank 1 Kreditt, car loans via SpareBank 1 Finans). All transactions, applications, and advisory are handled online via web banking, mobile app, and phone/chat, with bank switching and onboarding fully digitized.
Is BN Bank ASA a public or private company?
BN Bank ASA is a private company. It is classified as corporate owned and is currently operating.
When was BN Bank ASA founded?
BN Bank ASA was founded in 1961. It employs 101 to 250 people.
Where is BN Bank ASA based?
BN Bank ASA is headquartered in Trondheim, Norway, in the Europe region.
How does BN Bank ASA make money?
Four revenue lines are on record. Interest income from lending is the primary driver. The others are fee income from payment services and cards, deposit taking and interest spread and third-party product distribution.
Who are BN Bank ASA's main competitors?
Direct peers on record are Bank Norwegian, Komplett Bank, Sbanken and SBAB Bank. Broad incumbents are DNB, Nordea, SpareBank 1 SR-Bank and Storebrand Bank. Sparebanken Vest is listed as a regional player. yA Bank is listed as an emerging player.
Does BN Bank ASA have an API?
No public API is recorded for BN Bank ASA.