Sparebanken DIN

What Sparebanken DIN does

Sparebanken DIN (legally Telemark Sparebank) is a Norwegian regional savings bank serving retail, business, and agricultural customers in the Telemark region, with five physical branch offices in Bø (headquarters), Seljord, Åmot, Notodden, and Porsgrunn. The entity was formed through the October 4, 2013 merger of Bø Sparebank (founded 1852) and Seljord Sparebank (founded 1937) and was rebranded as Sparebanken DIN Telemark effective June 1, 2025. The bank is foundation-owned, with Sparebankstiftunga Bø holding 62% and Sparebankstiftinga Seljord holding 38% of 2,241,470 equity certificates at NOK 100 par value, totaling 224,147,000 NOK in equity capital. The foundation structure is characteristic of Norwegian savings banks and channels portions of profits back to the local community through gift donations (over 2.9M NOK distributed to 60+ projects in May 2026, 1.45M NOK to 36 organizations in spring 2024).

The bank's product portfolio centers on core retail and SMB banking: mortgages (standard rates 5.54%-6.24%, green mortgages from 5.09%, youth mortgage from 5.15%), consumer loans through Kredittbanken partnership (from 13.7% nominal), savings accounts (3.00%-3.35%, BSU youth savings 6.30%), Visa debit and credit cards, agricultural loans with green variants, and business banking services (credit lines, bank guarantees, leasing via Brage Finans, bank-ERP integration). Adjacent products are delivered through partner integrations including Frende Forsikring (insurance), Norne Securities (investments), Nordea Liv (pensions), Justify (legal documents), and Verd Boligkreditt (covered bond funding). Digital channels include netbank web platform, mobilbank mobile application, BankID-based authentication and onboarding, Kundesjekk digital document signing, and PSD2-compliant APIs based on Berlin Group and STET standards for third-party providers. The bank is a member of the LOKALBANK alliance of 16 independent Norwegian savings banks collaborating on shared procurement and technology standardization.

The revenue model is interest-driven, with mortgage lending, consumer loans, business loans, and agricultural loans forming the primary income stream, supplemented by fee and commission income (card fees, account maintenance, payment processing) and cross-selling commissions from insurance, securities, and credit card partners. Pricing is publicly disclosed with detailed rate schedules last updated June 4, 2026. Marketing is community-focused: physical branch advisory, local sponsorships prioritizing youth sports and environmental initiatives, school-based financial education programs, and semi-annual grant distributions (application deadlines April 1 and October 1). The bank has achieved Miljøfyrtårn (Eco-Lighthouse) certification across all branches (2021) and is committed to WCAG 2.2 Level AA digital accessibility compliance, differentiating it on ESG and inclusion dimensions within its regional market.

Name

Sparebanken DIN

Legal name

Telemark Sparebank

Website

https://sparebankendin.no

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Sparebanken DIN (Telemark Sparebank) is a Norwegian regional savings bank serving retail, business, and agricultural customers across five branches in the Telemark region, offering mortgages, loans, savings, insurance, and investment products through in-house services and partner integrations, owned by two local foundations.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Retail banking services
• Mortgage lending
• Savings accounts
• Business banking
• Agricultural financing

Headquarters

HQ city

Bö

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue stream from mortgage lending (boliglån), consumer loans, business loans, agricultural loans, and credit facilities. The bank offers various loan products including green mortgages, flexible loans, and first-home loans with competitive interest rates based on loan-to-value ratios.
2. Fee and Commission Income: Transaction fees, account maintenance fees, payment processing fees, card fees (Visa Classic, Visa Online, Visa Junior), netbank fees, and currency exchange fees. The bank also earns commissions from cross-selling insurance products (Frende), securities (Norne), and credit cards (Kredittbanken).
3. Savings Account Deposits: The bank collects deposits through various savings accounts (sparekonto), term deposits (Telemarkskonto 32/90 days), youth accounts (Fremtidskonto), and BSU (housing savings for youth). These deposits form the funding base for lending activities.
4. Insurance Cross-Sales: The bank acts as an intermediary for insurance products from Frende Forsikring, earning commission on life, property, vehicle, and other insurance products sold to existing customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Sparebanken DIN is a regional Norwegian savings bank providing deposit accounts, mortgages, consumer loans, business financing, agricultural loans, payment cards, insurance intermediation, securities trading, and pension products to private and business customers across the Telemark region. Services are delivered through five physical branches, web banking (Netbank), and a mobile banking app (Mobilbank), with cross-sold insurance, securities, and credit cards through partner brands Frende, Norne, and Kredittbanken.

Product overview

Sparebanken DIN Telemark operates as a regional savings bank (sparebank) offering a comprehensive suite of banking and financial services to both retail (privat) and business (bedrift) customers. The product portfolio centers on core banking services including online and mobile banking platforms (Nettbank and Mobilbank), various loan products (mortgages, consumer loans, business loans, agricultural loans), savings and investment products (savings accounts, BSU youth housing savings, funds and stocks through Norne Securities), insurance products via Frende Forsikring partnership, and business banking services including leasing, credit facilities, and bank integration solutions. The bank also offers specialized green/sustainable loan products, legal document services through Justify AS, and pension products through Nordea Liv. The bank participates in the LOKALBANK alliance of 16 independent Norwegian savings banks for shared procurement and standardization.

Differentiator

Problem solved

Functional benefit

Products and services

• Nettbank (Online Banking) Digital banking platform accessed via web browser that allows customers to manage accounts, make payments and transfers, view and manage loans, and sign documents using BankID authentication.
• Mobilbank (Mobile Banking) Smartphone banking application providing full banking functionality, including payments, transfers, card management, and account monitoring for retail and business customers.
• Boliglån (Mortgage) Home mortgage loans for purchasing or refinancing residential properties, with interest-rate tiers based on loan-to-value ratio and loan amount for private customers in Telemark.
• Boliglån for unge (Young Person Mortgage / Ung i Telemark) Specialized mortgage product for young first-time homebuyers with competitive rates (from 5.15% nominal / 5.35% effective on 2 million NOK over 25 years), allowing up to 90% loan-to-value of the property.
• Grønt Boliglån (Green Mortgage) Mortgage product with reduced interest rates for energy-efficient properties rated A or B on the Norwegian energy label, with rates starting at 5.09% nominal up to 55% loan-to-value.
• Sparekonto (Savings Account) Basic savings account with tiered interest rates based on balance (3.00% up to 500,000 NOK and 3.35% up to 10 million NOK), offering 12 fee-free withdrawals per year with a 0.5% fee thereafter.
• Telemarkskonto Term deposit / notice savings account with 32-day or 90-day notice period requirements and competitive interest rates for Telemark residents.
• BSU - Boligsparing for ung (Youth Housing Savings) Norwegian tax-advantaged housing savings account for people under 34 years old with 6.30% interest rate for first-home purchase; converts to standard savings rate (3.35%) after age 34 and requires a primary banking relationship with the bank.
• Fond & Aksjer (Funds and Stocks via Norne Securities) Investment products including mutual funds and individual stocks made available to customers through the bank's partnership with Norne Securities, integrated with single sign-on.
• Aksjehandel (Stock Trading) Equity trading platform enabling customers to buy and sell stocks and securities through Norne Securities, accessible via the bank's portal.
• Visa Bankkort & Kredittkort (Debit and Credit Cards) Visa-branded debit and credit cards (Visa Classic, Visa Online, Visa Junior for children, Visa Ungdom for youth) with corresponding annual fees, plus consumer credit-card offering LB Kredittkort (from Kredittbanken) at 0 NOK annual fee with 23.46% nominal interest.
• Forbrukslån (Consumer Loans via Kredittbanken) Unsecured personal loans up to 300,000 NOK (online) or 500,000 NOK with advisor guidance, provided through the Kredittbanken ASA partnership, with rates from 13.7% nominal / 16.6% effective.
• Refinansiering (Refinancing) Debt consolidation service allowing customers to refinance existing loans and credit cards at potentially lower interest rates through the bank's lending partners.
• Bil & andre kjøretøy (Private Vehicle Loans) Consumer loans and sales financing for private vehicles, boats, and other equipment intermediated through Brage Finans AS partnership.
• Lån til båt (Boat Loan) Financing product for private boat purchases via the Brage Finans partnership.
• Pensjon (Individual Pension) Individual pension savings products offered in partnership with Nordea Liv for private customers planning retirement.
• Innskuddspensjon (Occupational Pension / OTP) Group / occupational pension schemes for businesses with employee follow-up services, accessed via the Bedriftsdialogen corporate portal integration with Nordea Liv.
• Leasing (Business Leasing) Vehicle and equipment leasing services for businesses intermediated through the Brage Finans AS partnership, covering cars, boats, and other movable assets.
• Kassekreditt (Revolving Credit Facility) Revolving credit facility for businesses with flexible access to funds for managing working capital and short-term liquidity needs.
• Bankgaranti (Bank Guarantee) Bank guarantee services for business customers requiring performance, payment, or other types of guarantees in commercial transactions.
• Billån (Business Car Loan) Car loans for businesses intermediated through the Brage Finans AS partnership.
• Landbrukslån (Agricultural Loans) Specialized agricultural financing for farm investments, including green/sustainable agricultural loan variants for environmentally beneficial farm upgrades.
• Driftskreditt (Agricultural and Business Operating Credit) Short-term revolving credit facilities for agricultural and business operations to finance seasonal operating costs and working capital.
• Forsikring (Insurance via Frende Forsikring) Insurance products covering home, travel, vehicle, life, and pet, offered via Frende Forsikring partnership with integrated customer portal access and Frende UNG targeting young customers; bank earns commission on intermediated sales.
• Juridiske tjenester (Legal Document Services via Justify AS) Digital legal document services including wills (testament) and cohabitation agreements (samboerkontrakt) and other legal documentation secured by attorneys, offered via the Justify AS partnership.
• Megler (Real Estate Brokerage) Real estate brokerage service for buying and selling residential property, supporting mortgage customers in the Telemark region.

Quantifiable outcome

• Green mortgages for energy-efficient homes (A/B rating) offered at rates starting from 5.09%, below standard mortgage rates.
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Frende Forsikring AS (Livsforsikring og Skadeforsikring)coreGTM or Marketing PartnerFrende Forsikring is a primary insurance partner offering life insurance and property/casualty insurance products to the bank's customers. The partnership includes integrated customer portal access through the bank's website, with Frende UNG specifically targeting young customers. The bank earns commissions on insurance sales intermediated through its channels.
• Brage Finans AScoreGTM or Marketing PartnerBrage Finans provides leasing and sales financing services (salgspant) for vehicles, boats, and other equipment. Referenced in the bank's pricing pages as the provider of vehicle and equipment financing products.
• Kredittbanken ASAcoreGTM or Marketing PartnerKredittbanken provides credit card services (LB Kredittkort) and consumer lending (forbrukslån, refinansiering) products. The bank intermediates these products to its customer base, earning commission on origination.
• Norne Securities AScoreGTM or Marketing PartnerNorne Securities provides investment and securities services including fund investments, stock trading, and portfolio management. Integrated through the bank's portal with single sign-on access. The bank earns referral fees on investment product sales.
• Nordea Liv Norge ASminorGTM or Marketing PartnerProvides employee pension products (Bedriftsdialogen) for business customers through integration with the bank's corporate services platform.
• Justify ASminorGTM or Marketing PartnerLegal services partner providing digital legal document solutions for customers including wills (testament) and cohabitation agreements (samboerkontrakt). Partnered to offer simple and affordable legal documents secured by attorneys.
• LOKALBANK AlliancecoreStrategic or Co-development PartnerLOKALBANK is an alliance of 16 independent Norwegian savings banks collaborating on shared procurement, technology standardization, and best practices to strengthen competitive positioning against larger banks. The alliance helps member banks meet regulatory requirements and sustainability expectations through shared initiatives.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Sbanken: Sbanken is a Norwegian digital-only bank offering retail mortgages, savings, and funds. Competes with Sparebanken DIN for digitally-native retail customers in Telemark through lower-cost digital channels, but lacks the branch and community engagement model.

Others

• Frende Forsikring: Frende Forsikring is Sparebanken DIN's primary insurance partner, providing life and non-life insurance products intermediated through the bank's channels. Included as an ecosystem partner that materially affects the bank's product offering.

Direct peers

• Sparebanken Sør: Sparebanken Sør is a Norwegian regional savings bank operating across Agder, with similar foundation ownership, retail/business banking focus, and branch network. Directly comparable as a regional Norwegian savings bank with parallel product range and community engagement model.
• Sparebanken Øst: Sparebanken Øst is a regional savings bank in Eastern Norway with similar equity certificate structure, retail/business focus, and partnership-based product distribution. Comparable in size and operating model to Sparebanken DIN.
• Sparebanken Vest: Sparebanken Vest is a regional savings bank on Norway's west coast with foundation ownership, mortgage-heavy lending book, and retail/business banking. Comparable scale, governance structure, and product mix to Sparebanken DIN.
• Helgeland Sparebank: Helgeland Sparebank is a regional Norwegian savings bank in Northern Norway with equity certificates and foundation ownership. Similar size, retail/business banking focus, and community-oriented model.
• Sparebanken Sogn og Fjordane: Sparebanken Sogn og Fjordane is a regional savings bank in Western Norway with equity certificates and foundation ownership, focused on retail and SME banking. Comparable operating model and regional scope to Sparebanken DIN.
• Sandnes Sparebank: Sandnes Sparebank is a regional savings bank in Rogaland with foundation ownership, equity certificate listing, and full retail/business banking. Comparable governance and product offering to Sparebanken DIN.

Broad incumbents

• SpareBank 1 SR-Bank: SpareBank 1 SR-Bank is a large Norwegian regional bank and SpareBank 1 alliance member in Rogaland/Agder. Broader incumbent competing for the same retail and SME customers in overlapping regional markets, with wider product range and scale.
• DNB Bank: DNB is Norway's largest financial services group, offering full retail, business, and capital markets services nationwide. Competes with Sparebanken DIN for retail deposits, mortgages, and SME banking across Telemark, with much broader scale and product depth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sparebankendin
• LinkedInlinkedin.com/company/sparebanken-din

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 DIN