What Berg Sparebank does

Berg Sparebank is a privately held Norwegian savings bank (sparebank, organization number 937885288) headquartered at Storgata 10, Halden, with an additional branch in Fredrikstad. It provides a full-service retail and small-business banking proposition in Eastern Norway (Østfold region), including daily banking (Eika Mobilbank app, Eika Nettbank online banking, BankID authentication, Vipps payments, debit/credit cards), lending (mortgages including green and youth variants, car/boat/camper/MC/ATV loans, consumer loans and refinancing via Kredittbanken ASA), savings and pensions (savings accounts, BSU youth housing savings, fund investments, Egen Pensjonskonto, IPS, employer pension plans), insurance distribution (home, contents, travel, car, child, pet via Eika Forsikring), and business banking (business accounts, business loans, guarantees, construction loans, credit lines, factoring, leasing, payment terminals, KID invoicing, ERP integration).

The bank operates within the Eika Alliansen, an alliance of 47 independent local Norwegian savings banks that share the Eika digital platform, product development, insurance and pension offerings, and back-office services. This shared infrastructure underpins both the mobile/online banking stack and the distribution model, which combines physical branches with Microsoft Teams-based remote advisory meetings, Finansportalen.no price comparison listings, and digital onboarding via BankID. Berg Sparebank's revenue model is a classic spread-plus-fee bank: net interest income from mortgage, consumer, auto, business, and agricultural lending (with publicly disclosed mortgage rates from 4.99% nominal and consumer loan rates of 13.7% nominal as of mid-2026), transaction and account fees, savings-deposit spreads (BSU at 6.25-6.50%), insurance distribution commissions from Eika Forsikring, and corporate card fees (AirPlus via SEB Kort Bank AB). In 2025 the bank entered into an intention agreement to merge with Trøgstad Sparebank, signaling a planned expansion of geographic footprint and balance-sheet scale while remaining within the Eika alliance framework.

Name

Berg Sparebank

Legal name

Berg Sparebank

Website

https://berg-sparebank.no

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

11–50 employees

Short description

Berg Sparebank is a privately held Norwegian savings bank headquartered in Halden, with branches in Halden and Fredrikstad. It serves retail customers and small businesses in Eastern Norway with daily banking, mortgages, loans, savings, pensions, insurance, and business banking via the Eika alliance platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Other Nondepository Credit Intermediation (52229)

SIC

Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162), Finance Lessors (6172)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Retail banking services
• Mortgage lending
• Consumer loan products
• Business banking services
• Insurance distribution

Headquarters

HQ city

Halden

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: The primary revenue stream comes from interest earned on various loan products including mortgages (boliglån), car loans (billån), consumer loans (forbrukslån), business loans (bedriftslån), and agricultural loans. Interest rates vary by product type and loan-to-value ratios.
2. Banking Fees and Commissions: Transaction fees, account maintenance fees, payment processing fees, card fees, and other service charges. Includes eFaktura fees (1.50 kr per giro for ordinary customers), payment processing fees, and foreign transaction fees.
3. Insurance Distribution: Commission revenue from distributing insurance products including home insurance, car insurance, travel insurance, and other personal insurance products through the bank's advisory services.
4. Savings Account Interest Spreads: Revenue generated from the spread between interest paid to depositors on savings accounts and interest earned when lending those deposits. Includes BSU (youth housing savings), regular savings, and term deposits.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Berg Sparebank is a Norwegian local savings bank offering comprehensive retail and business banking products through two physical branches in Halden and Fredrikstad and full digital channels. Core offerings include daily banking (accounts, debit/credit cards, BankID authentication, mobile and online banking), mortgage and consumer lending (home, car, consumer, boat, and motorhome loans including green variants), savings and pension products (BSU, fund savings, Egen Pensjonskonto, IPS), insurance distribution, business banking (accounts, loans, credit lines, factoring, leasing, payment terminals, corporate cards), and supplementary services such as real estate brokerage and legal document services.

Product overview

Berg Sparebank is a local Norwegian savings bank (sparebank) offering a comprehensive range of banking products and services to both private individuals and businesses through physical branches in Halden and Fredrikstad, as well as digital channels. The product portfolio includes core daily banking services (Mobilbank app, Nettbank online banking, BankID authentication), lending products (Boliglån mortgages including green/energy-efficient variants, Billån car loans including green car loans, Forbrukslån consumer loans, refinancing, Båtlån boat loans, MC/ATV/snowmobile loans), deposit products (Sparekonto savings accounts with tiered rates, BSU youth housing savings, Fondssparing fund investments, Egen Pensjonskonto EPK pension accounts, Individuell Pensjonssparing IPS), credit and debit cards (Eika Kredittkort, Bankkort/Visa cards by age group, Bedriftskort business cards, AirPlus corporate cards), insurance products (home, contents, travel, car, child, pet insurance via Eika Forsikring), business banking (Bedriftskonto accounts, Bedriftslån, Bankgaranti guarantees, Byggelån construction loans, Kassekreditt credit lines, Factoring, Leasing, Grønt Landbrukslån agricultural loans), payment solutions (Vipps, Betalingsterminaler via Nets, KID Fakturering OCR/eGiro, Direkte Bankintegrasjon with 15+ ERP systems including Eika Regnskap, Visma, Tripletex, PowerOffice), pension products (Eika Innskuddspensjon for employers, IPS for individuals), and supplementary services (Eiendomsmegling real estate, Fordelsprogram loyalty benefits, Fremtidsfullmakt power of attorney via Justify). The bank operates as part of the Eika alliance of 47 local banks, sharing digital platforms and certain back-end services while maintaining local brand identity.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobilbank (Mobile Banking)
• Nettbank (Online Banking)
• Boliglån (Mortgage)
• Billån (Car Loan)
• Forbrukslån (Consumer Loan)
• Refinansiering (Debt Refinancing)
• Kredittkort (Credit Card)
• Bankkort (Debit Card)
• Sparekonto (Savings Account)
• BSU / BSU Pluss (Youth Housing Savings)
• Fondssparing (Fund Investment)
• Egen Pensjonskonto (Own Pension Account / EPK)
• Individuell Pensjonssparing (IPS)
• Forsikring (Insurance)
• Eiendomsmegling (Real Estate Agency)
• Båtlån (Boat Loan)
• Bobil- og Campingvognlån (Camper/Motorhome Loan)
• MC-, ATV- og Snøscooterlån
• Eika Kredittkort Bedrift (Corporate Credit Card)
• Bedriftskort (Business Debit Card)
• Bedriftskonto (Business Account)
• Bankgaranti (Bank Guarantee)
• Bedriftslån (Business Loan)
• Byggelån (Construction Loan)
• Kassekreditt (Credit Line)
• Factoring og Fakturaadministrasjon
• Leasing
• Grønt Landbrukslån (Green Agricultural Loan)
• Eika Innskuddspensjon (Employee Pension)
• Betalingsterminaler (Payment Terminals)
• Direkte Bankintegrasjon (Direct Bank Integration)
• Vipps for Bedrift (Vipps Business)

Quantifiable outcome

• Customer satisfaction score of 78.2 and loyalty score of 85.5 in Norsk Kundebarometer
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Eika AlliansencoreStrategic or Co-development PartnerBerg Sparebank is part of the Eika Alliance comprising 47 independent local savings banks across Norway. The alliance provides shared technology platform (Eika Mobilbank, Eika Nettbank), product development, marketing resources, and operational support. Banks collaborate on digital solutions, insurance products, and pension services while maintaining local decision-making autonomy.
• VippscoreTechnology or IntegrationIntegration with Vipps mobile payment platform enabling customers to make contactless payments using Tæpp with Vipps functionality. The bank actively promotes safe Vipps usage among customers and participates in Vipps marketing campaigns.
• BankIDcoreTechnology or IntegrationBankID authentication and digital signature system enabling secure online banking, account opening, and document signing. The bank offers BankID app (free) and BankID hardware token (350 kr replacement fee).
• Kredittbanken ASAcoreChannel Partner/ Reseller/ DistributorConsumer loans (forbrukslån) and refinancing products are provided through Kredittbanken ASA. Berg Sparebank distributes these products to its customers under the Eika banking partnership.
• SEB Kort Bank ABcoreChannel Partner/ Reseller/ DistributorAirPlus Corporate firmakort (business credit card) and virtual card products are issued by SEB Kort Bank AB, Oslo Branch. Berg Sparebank offers these as part of its business banking product suite.
• Justify ASminorChannel Partner/ Reseller/ DistributorLegal services including fremtidsfullmakt (power of attorney), testament (will), and samboerkontrakt (cohabitation agreement) are offered through Justify AS platform. Pricing from 3,490 kr for individual full power of attorney.
• NetscoreTechnology or IntegrationPayment processing services including BankAxept card acceptance, payment terminals for businesses, and eFaktura/OCR payment processing. Nets provides the payment infrastructure for both retail and business customers.
• ERP System IntegratorscoreTechnology or IntegrationDirect bank integration (Direkte bankintegrasjon) with major ERP systems including Eika Regnskap, Visma, Tripletex, PowerOffice, Zirius, Xledger, 24SevenOffice, Aritma (Uni Economy, InfoEasy, Fiken, Sumango), iizy AS, Duett, OnProperty, AMC Banking, StyreWeb, Continia, and BitPeople (SAP Business One).
• Apple Pay, Google PaycoreTechnology or IntegrationDigital wallet integration enabling customers to add their bank cards to Apple Pay and Google Pay for contactless mobile payments.

Scale indicators4 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Sparebanken Sør: Another Eika Alliance member savings bank based in Southern Norway (Agder). Comparable in being an Eika-driven regional savings bank with retail and SME lending, savings, and insurance distribution — making it a directly comparable operational peer.
• Bank Norwegian: Norwegian consumer-focused bank offering credit cards, consumer loans, and savings. Directly comparable in unsecured consumer lending (forbrukslån) and savings, but at nationwide digital scale versus Berg's local relationship model.
• Sparebanken Vest: Eika Alliance member savings bank headquartered in Bergen. Similar Eika-anchored platform, full retail/business banking, and savings/lending/insurance product mix — directly comparable in operating model to Berg Sparebank, though at materially larger scale.
• Sbanken: Norwegian digital challenger bank offering retail savings, mortgages, consumer loans, and funds. Directly competes with Berg Sparebank on consumer lending and savings products nationwide, with a contrasting pure-digital, low-cost operating model.
• Trøgstad Sparebank: Norwegian local savings bank (sparebank) headquartered in Trøgstad, Norway. The boards of Berg Sparebank and Trøgstad Sparebank signed a 2025 intention agreement to merge, making it the most direct peer and integration partner — same Eika Alliance membership, similar product set, and adjacent Eastern Norway footprint.
• SpareBank 1 Østfold Akershus: Regional savings bank in the SpareBank 1 alliance serving Østfold and Akershus — directly overlaps Berg Sparebank's Eastern Norway catchment. Comparable in retail and SME banking, mortgage lending, and digital platform delivery, though with larger geographic reach.

Emerging players

• Komplett Bank: Norwegian digital bank focused on consumer loans and credit cards. Adjacent/emerging competitor in the same unsecured consumer lending (forbrukslån) space where Berg Sparebank distributes Kredittbanken products, with a different low-cost digital operating model.

Broad incumbents

• DNB Bank: Norway's largest financial services group, offering the full spectrum of retail and corporate banking, lending, payments, insurance, and pensions. Competes with Berg Sparebank on mortgages, consumer loans, savings, and SME banking across the same Eastern Norway geography.
• SpareBank 1 Sør-Norge: One of Norway's largest regional savings banks, part of the SpareBank 1 alliance. Overlaps Berg Sparebank on retail banking, mortgages, SME lending, and payments across Southern and Eastern Norway — broader incumbent scale and brand.

Others

• Eika Alliansen: The alliance of 47 Norwegian local savings banks (including Berg Sparebank) that Berg relies on for shared digital infrastructure (Mobilbank, Nettbank), product development, insurance (Eika Forsikring), and marketing. Not a competitor but a critical ecosystem enabler and counterparty.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bergsparebank
• LinkedInlinkedin.com/company/berg-sparebank

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Berg Sparebank