Sparebanken More

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

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

• Retail banking services
• Mortgage lending
• Wealth management
• Corporate banking
• Savings products

Headquarters

HQ city

Ålesund

HQ country

Norway

HQ region

Europe

Offices26 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Transaction and Service Fees: Fees from payment services, account management, card services (Mastercard), insurance products, and banking services for both retail and corporate customers.
3. 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.
4. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core 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

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Norne SecuritiescoreStrategic or Co-development Partner · 26 June 2025Sparebanken 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 KvinnercoreGTM or Marketing Partner · 18 March 2025Five-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 FortunacoreGTM or Marketing Partner · 18 March 2025Five-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 AScoreTechnology or Integration · 23 April 2024IT service provider for core banking and payment services. Sparebanken Møre signed new agreements with Tietoevry for essential banking infrastructure.
• Tietoevry Tech Services Norway AScoreTechnology or Integration · 23 April 2024IT service provider for banking technology services. Part of the new agreements for core and payment services infrastructure.
• Energiråd ASminorStrategic or Co-development Partner · 29 February 2024Launched 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 ForsikringminorChannel Partner/ Reseller/ DistributorInsurance partner offering car and other insurance products through Sparebanken Møre's customer channels.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct 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

• Facebookfacebook.com/SparebankenMore
• LinkedInlinkedin.com/company/sparebanken-more

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sparebanken More