Sparebanken More
- Company typePrivate
- Founded1845
- HeadquartersÅlesund, Norway
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
Sparebanken More firmographics
Firmographics- Name
- Sparebanken More
- Legal name
- Sparebanken Møre
- Website
- https://sbm.no
- Company type
- Private
- Founded year
- 1845
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Sparebanken More industry classification
Industry- Product category
- Retail Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)
- SIC
- Savings Institution, Federally Chartered (6035), National Commercial Banks (6021)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
Keywords
Where Sparebanken More is headquartered
LocationHeadquarters
- HQ city
- Ålesund
- HQ country
- Norway
- HQ region
- Europe
Offices26 records
Markets served
Sparebanken More business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Primary revenue from lending activities including mortgage loans (boliglån), car loans (billån), consumer loans (forbrukslån), and business loans. Interest is charged on loans and earned on deposits. The bank adjusts interest rates based on Norges Bank policy and market conditions.
- Transaction and Service Fees: Fees from payment services, account management, card services (Mastercard), insurance products, and banking services for both retail and corporate customers.
- Capital Management Services: Revenue from managing customer assets through funds (fondssparing), equities (aksjehandel), and private banking services. Sparebanken Møre distributes investment products and earns management fees or commissions.
- Bond Issuance: The bank raises capital through senior preferred NOK bond issuances, such as the contemplated NOK 1 billion issuance with 3-year maturity managed by SB1 Markets and SEB as joint lead managers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Interest rates vary by product and customer profile |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Sparebanken More product offering
Product offeringCore offering
Sparebanken Møre is a regional Norwegian savings bank offering full-service banking for retail and business customers. Core offerings include mortgage loans, car loans, consumer loans, savings accounts, fund investments, insurance, credit cards, wealth management, and business banking services. The bank distributes through a network of 25+ branches across Nordvestlandet complemented by online and mobile banking platforms.
Product overview
Sparebanken Møre is a regional Norwegian savings bank offering a unified banking platform with multiple integrated products and services. The core offerings include deposit and lending products (mortgages, car loans, consumer loans) alongside digital banking channels (Nettbank and Mobilbank), investment services (fund savings, wealth management), insurance products, and credit cards. The bank operates through subsidiaries including Møremegling (real estate brokerage) and Møre Boligkreditt AS (mortgage credit company). Digital integration with payment platforms Vipps, Apple Pay, and BankID extends the product functionality. Premium services include Private Banking for high-net-worth clients, while Open Banking enables third-party integration. Business customers access a separate suite of corporate banking products.
Differentiator
Problem solved
Functional benefit
Brands
- Møremegling: Real estate brokerage service offered by the bank.
- Møre Boligkreditt AS
Products and services
- Boliglån (Mortgage Loan) Mortgage loan product for purchasing residential property, with online application capability. Targeted at private individuals including first-time homebuyers.
- Billån (Car Loan)
- Forbrukslån (Consumer Loan)
- Refinansiering (Debt Refinancing)
- Fondssparing (Fund Savings)
- Pensjonssparing (Pension Savings)
- Sparing (Savings Accounts)
- Forsikring (Insurance)
- Mastercard Kredittkort (Mastercard Credit Card)
- Kapitalforvaltning (Wealth Management)
- Private Banking
- Bedrift Banking Services (Business Banking)
- Møremegling (Real Estate Brokerage)
Quantifiable outcome
- Over 100 billion NOK in assets under management (forvaltningskapital) as of Q3 2024
- +3 more outcomes
Companies that use Sparebanken More
Customer profileSegments4 records
Ideal customer profiles3 records
Sparebanken More technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Sparebanken More partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Norne SecuritiescoreSparebanken Møre became an owner with 6.97% equity stake in Norne Securities, a significant distributor of funds and equities. The bank had been one of the largest distributors for Norne Securities.
- Molde FK KvinnercoreFive-year partnership (2025-2029) providing 7 million NOK annually to support women's football. The agreement aims to build sustainable women's football in the Toppserien by 2029, develop local players, and improve facilities and support.
- AaFK FortunacoreFive-year partnership (2025-2029) providing 7 million NOK annually to support women's football. The agreement aims to build sustainable women's football in the Toppserien by 2029, develop local players, and improve facilities and support.
- Tietoevry Fintech Norway AScoreIT service provider for core banking and payment services. Sparebanken Møre signed new agreements with Tietoevry for essential banking infrastructure.
- Tietoevry Tech Services Norway AScoreIT service provider for banking technology services. Part of the new agreements for core and payment services infrastructure.
- Energiråd ASminorLaunched the 3-year GrønnArena Møre program targeting 30 businesses to achieve 25% energy efficiency gains (ENØK). Sparebanken Møre provides expertise on loan conditions and building value development.
- Eik ForsikringminorInsurance partner offering car and other insurance products through Sparebanken Møre's customer channels.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Sparebanken More competitors and assessment
Company assessmentDirect peers
- Sparebanken Vest: Regional Norwegian savings bank headquartered in Bergen serving Vestlandet with retail, corporate, and wealth management offerings. Most directly comparable to Sparebanken Møre in business model, ownership structure (sparebank), and product mix.
- Sparebanken Sør: Independent Norwegian savings bank serving the Agder region with retail and business banking. Operates under the same sparebank ownership model as Sparebanken Møre with similar community-focused positioning.
- Sparebanken Øst: Savings bank serving Eastern Norway with full-service retail and corporate banking under the sparebank mutual model. Closely comparable in product breadth, ownership structure, and community reinvestment approach.
- Sparebank 1 SMN: Sparebanken Midt-Norge, a Trøndelag-based savings bank within the SpareBank 1 alliance, offering retail, corporate, and capital markets services. Comparable regional savings bank franchise, though operating within the larger SpareBank 1 alliance rather than independently.
- SpareBank 1 SR-Bank: Sparebanken Rogaland, the largest savings bank in the SpareBank 1 alliance serving southwestern Norway with retail, corporate, and capital markets. Comparable regional franchise and product set to Sparebanken Møre, with broader alliance support.
Broad incumbents
- DNB Bank: Norway's largest financial services group with nationwide retail, corporate, and capital markets coverage. Operates as the broad incumbent against which Sparebanken Møre competes in mortgages, savings, and corporate banking nationally.
- Danske Bank (Norway): Danish-headquartered bank with Norwegian retail and corporate operations. Competes with Sparebanken Møre in corporate banking and selected retail segments as a broad pan-Nordic incumbent.
Others
- Norne Securities: Norwegian securities firm specializing in equity and fund distribution, in which Sparebanken Møre holds a 6.97% equity stake. Relevant as an investee and distribution partner for the bank's wealth management franchise.
- Eika Forsikring: Norwegian insurance provider partnered with Eika-alliance savings banks including Sparebanken Møre for distribution of insurance products. Relevant as a key channel partner for the bank's bancassurance offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sparebanken More social profiles
Digital presenceSparebanken More compliance and trust
Trust signalCompliance3 records
Sparebanken More financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sparebanken More leadership team
Management profileNumber of profiles
Profiles6 records
Sparebanken More subsidiaries and ownership
Company hierarchySubsidiaries2 records
Sparebanken More funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sparebanken More 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 Sparebanken More
What does Sparebanken More do?
Sparebanken Møre is a regional Norwegian savings bank offering full-service banking for retail and business customers. Core offerings include mortgage loans, car loans, consumer loans, savings accounts, fund investments, insurance, credit cards, wealth management, and business banking services. The bank distributes through a network of 25+ branches across Nordvestlandet complemented by online and mobile banking platforms.
Is Sparebanken More a public or private company?
Sparebanken More is a private company. It is classified as unknown and is currently operating.
When was Sparebanken More founded?
Sparebanken More was founded in 1845. It employs 251 to 500 people.
Where is Sparebanken More based?
Sparebanken More is headquartered in Ålesund, Norway, in the Europe region.
How does Sparebanken More make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are transaction and Service Fees, capital Management Services and bond Issuance.
Who are Sparebanken More's main competitors?
Direct peers on record are Sparebanken Vest, Sparebanken Sør, Sparebanken Øst, Sparebank 1 SMN and SpareBank 1 SR-Bank. Broad incumbents are DNB Bank and Danske Bank (Norway). Others are Norne Securities and Eika Forsikring.
Does Sparebanken More have an API?
No public API is recorded for Sparebanken More.
What industry is Sparebanken More in?
Sparebanken More's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 522180 and its SIC code is 6035.