Lillesands Sparebank
Lillesands Sparebank is a customer-owned Norwegian savings bank founded in 1852, headquartered in Lillesand with a Grimstad branch, serving retail and local SMB customers in Southern Norway with mortgages, savings, insurance, investments, real estate brokerage, and legal services.
- Company typePrivate
- Founded1852
- HeadquartersLillesand, Norway
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Lillesands Sparebank does
Lillesands Sparebank is a customer-owned Norwegian savings bank (sparebank) headquartered in Lillesand, founded in 1852, and serving retail customers and local small and medium enterprises across Lillesand and Grimstad in the Sørlandet region of Southern Norway. The bank operates two staffed branches (Lillesand HQ and Grimstad, opened 2021) alongside mobile and internet banking platforms authenticated via BankID and integrated with Vipps and Apple Pay. Its product suite spans residential, car, boat, and vacation-home mortgages; savings vehicles including BSU at 6.25%; mutual funds and securities; cards; life, home, vehicle, and travel insurance distributed via Frende Forsikring; leasing via Brage Finans; real estate brokerage through its wholly-owned Exbo Eiendomsmegling subsidiary; and digital legal documents (cohabitation agreements, wills, powers of attorney) through Justify. Revenue is generated primarily through net interest income on the lending book, with supplementary fee and commission streams from insurance, funds, leasing, and real estate; customers additionally participate in annual kundeutbytte (customer dividends) tied to loan and deposit balances, reflecting the sparebank ownership model. The bank is a member of the LOKALBANK cooperative of 16 independent Norwegian savings banks, is Miljøfyrtårn-certified for environmental management aligned with UN sustainability goals 12 and 13, and is led by Managing Director (Adm. banksjef) Anne-Grethe Knudsen.
Lillesands Sparebank firmographics
Firmographics- Name
- Lillesands Sparebank
- Legal name
- Lillesands Sparebank
- Website
- https://lillesands-sparebank.no
- Company type
- Private
- Founded year
- 1852
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lillesands Sparebank is a customer-owned Norwegian savings bank founded in 1852, headquartered in Lillesand with a Grimstad branch, serving retail and local SMB customers in Southern Norway with mortgages, savings, insurance, investments, real estate brokerage, and legal services.
- Ownership category
- akta.pro rank
Lillesands Sparebank industry classification
Industry- Product category
- Retail Banking
- NAICS
- Finance and Insurance (52)
- SIC
- Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
Keywords
Where Lillesands Sparebank is headquartered
LocationHeadquarters
- HQ city
- Lillesand
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
Lillesands Sparebank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest income on lending: The bank earns interest income from mortgage loans (boliglån), car loans (billån), boat loans (båtlån), and business loans. Interest rates are competitive and personalised based on customer relationship.
- Fee and commission income: Income from account fees, card fees, payment services, and commission from insurance products sold alongside banking services. The bank also earns commission from fund and securities trading through Norne Securities.
- Insurance commission: Commission income from insurance products offered in partnership with Frende Forsikring, including home, travel, life, and vehicle insurance.
- Securities and fund trading: Commission from facilitating mutual fund and equity trading through Norne Securities portal integrated into the bank's digital banking platforms.
- Leasing commission: Commission income from vehicle and equipment leasing arranged through Brage Finans for business and retail customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard retail banking services - no fees for basic mobile and internet banking |
| Subscription | Annual | BSU - Boligsparing for ungdom: best savings rate for customers aged 13-33 |
| Subscription | Annual | Sparriskonto for children aged 0-12: 4.15% interest rate |
| Subscription | Monthly | Mortgage loan (boliglån) - example rate from loan calculator |
| Transaction based/ take rate | Monthly | Business banking pricing |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Lillesands Sparebank product offering
Product offeringCore offering
Lillesands Sparebank is a Norwegian savings bank that provides retail and commercial banking services — including deposit accounts, savings, lending, mortgages, and payment services — to private individuals, businesses, clubs, and associations in the Lillesand and Grimstad regions. In addition to core banking, it distributes insurance products, offers real estate brokerage, and provides legal/advisory services, presenting customers with an integrated suite of personal-finance and business services from a single local provider.
Product overview
Lillesands Sparebank is a local Norwegian savings bank offering a comprehensive range of banking products and services. The bank's portfolio includes core lending products (boliglån/mortgage loans, billån/car loans, båtlån/boat loans, fritidsboliglån/vacation home loans), savings products (sparekonto/savings accounts, BSU/youth housing savings, fond og aksjer/funds and stocks, IPS/pension savings), insurance products through Frende partnership (liv og helse/life and health, reiseforsikring/travel insurance, kjøretøyforsikring/vehicle insurance), digital banking services (mobil- og nettbank/mobile and online banking, BankID), and legal services through Justify (samboerkontrakt/cohabitation agreements, testament/wills, fremtidsfullmakt/power of attorney). Business customers have access to dedicated accounts, business loans, leasing, and insurance. The bank operates a real estate brokerage (Exbo) and youth banking services (Banken for Barn og Unge). The various products are interconnected through the bank's total customer concept (totalkunde), where customers receive benefits by consolidating their banking relationships with the institution.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Banking Accounts and Deposits Retail Banking Accounts and Deposits Day-to-day transaction accounts, savings accounts, and deposit products for private individuals and households in the Lillesand and Grimstad area.
- Mortgage and Consumer Lending Mortgage and Consumer Lending Mortgage loans and consumer credit products provided to private customers for housing and personal financing needs.
- Business Banking Business Banking Bank accounts, financing, and payment services for small and medium-sized businesses, clubs, and associations operating in the bank's local market.
- Insurance Distribution Insurance Distribution Distribution of insurance products (life and non-life) to retail and business customers, generating commission income for the bank.
- Real Estate Brokerage Real Estate Brokerage Real estate brokerage services supporting residential property sales in the local market, offered in connection with the bank's mortgage lending.
- Legal and Advisory Services Legal and Advisory Services Legal and financial advisory services provided to private and business customers in connection with banking, estate, and property matters.
Quantifiable outcome
- Customer dividend (kundeutbytte) paid to all customers with loans and deposits, based on their loan/deposit amounts and bank's annual profit, approved by the representative council
- +1 more outcomes
Companies that use Lillesands Sparebank
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles2 records
Lillesands Sparebank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature3 records
Lillesands Sparebank partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- LOKALBANKcoreLillesands Sparebank is part of LOKALBANK, a cooperative of 16 independent Norwegian savings banks that collaborate on shared purchasing, standardisation, and technology development to strengthen each other and serve their customers better.
- Frende ForsikringcoreThe bank offers Frende Forsikring insurance products including home, travel, life, health, vehicle, and youth insurance through its advisors. Insurance is a key product alongside banking services. The partnership provides total customer discount (totalkunderabatt) for customers bundling insurance with the bank.
- Norne SecuritiescoreNorne Securities provides fund and securities trading services accessible through the bank's digital platforms. The bank is a tied agent for Norne. Services include equity funds, bond funds, combination funds, savings robots, and individual pension savings (IPS). Norne also provides a savings robot tool for automated investment guidance.
- Brage FinanscoreBrage Finans provides car loan financing for the bank's retail and business customers. The bank takes security interest (salgspant) in vehicles financed through this partnership. Both new and used vehicle financing is available.
- Exbo EiendomsmeglingcoreExbo real estate agents operate alongside the bank, providing integrated property buying and selling services. The bank and broker operate under the same roof providing seamless home loan and property transaction services. Property agents include Benjamin Stiansen, Isabel Bermudez, and Lillie Dalane.
- VippscoreVipps payment services are integrated into the bank's offerings, enabling customers to make instant payments via the Vipps platform. The bank also offers Vipps for Business accounts for commercial customers.
- JustifyminorJustify provides digital legal services including cohabitation agreements (samboerkontrakt), wills (testament), and power of attorney (fremtidsfullmakt) offered to bank customers through an integrated digital platform with legal review and BankID signing.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Lillesands Sparebank competitors and assessment
Company assessmentDirect peers
- Handelsbanken Norge: Norwegian branch of Swedish Handelsbanken, known for decentralised decision-making and personal advisor model. Highly comparable philosophical approach to relationship banking and short decision paths, though operating with a different ownership structure.
- Sparebanken SMN: Norwegian savings bank serving Trøndelag/Mid-Norway with retail, corporate, and capital markets services. Closest comparable in terms of mutual savings bank structure, mortgage focus, and combination of physical branches with digital channels, though materially larger scale.
- Storebrand Bank: Norwegian bank subsidiary of Storebrand ASA, offering savings accounts, mortgages, and asset management. Comparable in Norwegian retail banking focus and partnership-driven distribution model, providing a benchmark for digital savings and lending economics.
- Sparebanken Vest: Independent Norwegian savings bank serving Western Norway. Highly comparable operating model — mutual savings bank with retail and business banking, mortgage focus, and listed equity certificates. Useful benchmark for capital structure and growth trajectory of mid-sized Norwegian sparebanker.
- Sparebanken Sør: Independent Norwegian savings bank headquartered in Kristiansand, operating in the same Agder/Sørlandet region as Lillesands Sparebank. Directly comparable community-banking model with broader branch network, mortgage origination, and business banking; the primary regional competitor for both retail and SMB customers.
- Helgeland Sparebank: Independent Norwegian savings bank serving Northern Norway with similar community-banking focus, retail and SMB lending, and listed equity certificates. Comparable in mutual savings bank governance model and personal-advisor service proposition, providing a useful valuation and operating benchmark.
- Sparebanken Øst: Independent savings bank headquartered in Eastern Norway (Hønefoss). Operates the same community-bank model with retail mortgages, SMB banking, and personal advisor services — directly comparable product mix and customer segments despite different geography.
Broad incumbents
- SpareBank 1 SR-Bank: Largest regional savings bank in Norway with significant Agder/Sørlandet presence (post-Sparebanken Sør merger discussions). Competes directly for retail and business customers in the same geography with materially larger balance sheet, broader product suite, and stronger digital platform.
- DNB ASA: Norway's largest financial services group and universal bank, omnipresent in Lillesand/Grimstad. Also serves as the correspondent bank for Lillesands Sparebank's international payments. Sets the competitive baseline for pricing, product breadth, and digital expectations across the Norwegian market.
Emerging players
- Komplett Bank: Norwegian digital challenger bank focused on consumer lending and deposits. Competes for the same retail deposit pool as Lillesands Sparebank with sharper pricing and a pure-digital experience, representing the primary digital threat to local savings banks' deposit-gathering capability.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Lillesands Sparebank social profiles
Digital presenceLillesands Sparebank compliance and trust
Trust signalCompliance1 record
Lillesands Sparebank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lillesands Sparebank leadership team
Management profileNumber of profiles
Lillesands Sparebank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lillesands Sparebank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lillesands Sparebank 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 Lillesands Sparebank
What does Lillesands Sparebank do?
Lillesands Sparebank is a Norwegian savings bank that provides retail and commercial banking services — including deposit accounts, savings, lending, mortgages, and payment services — to private individuals, businesses, clubs, and associations in the Lillesand and Grimstad regions. In addition to core banking, it distributes insurance products, offers real estate brokerage, and provides legal/advisory services, presenting customers with an integrated suite of personal-finance and business services from a single local provider.
Is Lillesands Sparebank a public or private company?
Lillesands Sparebank is a private company. It is classified as unknown and is currently operating.
When was Lillesands Sparebank founded?
Lillesands Sparebank was founded in 1852. It employs 11 to 50 people.
Where is Lillesands Sparebank based?
Lillesands Sparebank is headquartered in Lillesand, Norway, in the Europe region.
How does Lillesands Sparebank make money?
Five revenue lines are on record. Interest income on lending is the primary driver. The others are fee and commission income, insurance commission, securities and fund trading and leasing commission.
Who are Lillesands Sparebank's main competitors?
Direct peers on record are Handelsbanken Norge, Sparebanken SMN, Storebrand Bank, Sparebanken Vest, Sparebanken Sør, Helgeland Sparebank and Sparebanken Øst. Broad incumbents are SpareBank 1 SR-Bank and DNB ASA. Komplett Bank is listed as an emerging player.
Does Lillesands Sparebank have an API?
No public API is recorded for Lillesands Sparebank.
What industry is Lillesands Sparebank in?
Lillesands Sparebank's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 52 and its SIC code is 6036.