What Oppdalsbanken does

Oppdalsbanken is a Norwegian local savings bank (sparebank) founded in 1856 and headquartered in Oppdal, Central Norway, with an additional advisory office in Trondheim. It serves private retail customers, small and medium-sized businesses, agricultural clients, and local associations through a full-service retail banking offering that includes daily banking (Oppdal Aktiv accounts, BankID, mobile and internet banking, Vipps integration), lending products (mortgages including green mortgages, consumer loans through Kredittbanken ASA, vehicle loans, business loans), savings and pension products (BSU, savings accounts, fund savings via Eika Kapitalforvaltning, Egen Pensjonskonto), and insurance distribution through Fremtind Forsikring.

The bank's technology platform is built on the shared infrastructure of the Eika alliance, which includes 67 local banks across Norway and provides core banking systems, payment processing via Nets, international payments via DNB, and the Eika Kredittkort. Distinctive digital features include Smartspar (a pension and investment app), Mikrospar (automatic round-up micro-savings), and a recently launched digital legal services suite through Justify covering wills, cohabitation contracts, future power of attorney, gift letters, and an AI-assisted Juridisk førstehjelp service. The bank earned Miljøfyrtårn (Eco-Lighthouse) certification in 2024.

Oppdalsbanken operates as a customer-owned sparebank with no external shareholders, meaning earnings are reinvested locally rather than distributed. Its go-to-market is sales-led and relationship-based: customers onboard via BankID, book advisory meetings through an online scheduler (Timebook) or in-branch, and access services through digital channels or dedicated personal, business, and insurance advisors. The bank generates revenue primarily through net interest margin on deposits and loans, transaction and card fees, insurance commissions from Fremtind, and fund and pension management fees from Eika. Marketing emphasizes local community presence (ossbryoss.no), personal advisory service, and competitive rates enabled by Eika group purchasing power.

Name

Oppdalsbanken

Legal name

Oppdalsbanken

Website

https://oppdalsbanken.no

Company type

Private

Founded year

1856

Operating status

Operating

Headcount range

11–50 employees

Short description

Oppdalsbanken is a Norwegian customer-owned local savings bank founded in 1856, headquartered in Oppdal with an advisory office in Trondheim, serving retail, SMB, and agricultural customers with deposits, mortgages, consumer and vehicle loans, savings, pensions, insurance, and digital legal services through the Eika alliance.

Ownership category

akta.pro rank

Headquarters

HQ city

Oppdal

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, Marketing or Sales, Infrastructure

Revenue model

1. Deposit taking: Accepts deposits from customers through various account types including savings accounts, current accounts, and time deposits. Pays interest on deposits and uses funds for lending.
2. Lending: Provides mortgage loans (boliglån), consumer loans (forbrukslån), car loans (billån), and business loans. Earns interest income and fees.
3. Payment services: Offers payment services including transfers, direct debits, and card payments. Generates transaction fees.
4. Insurance distribution: Distributes insurance products (home, car, travel, contents) through partnership with Fremtind Forsikring. Earns commission on insurance sales.
5. Fund and pension management: Offers fund savings (fondssparing) and pension savings (pensjonssparing) products. Earns management fees and commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Oppdalsbanken is a local Norwegian savings bank providing comprehensive retail and business banking services including deposit accounts, mortgage loans, consumer loans, car loans, payment services, and credit cards. The bank distributes insurance products through Fremtind Forsikring and offers fund and pension management through Eika Kapitalforvaltning. Operating as part of the Eika banking alliance, the bank combines personal advisory services at physical branches in Oppdal and Trondheim with mobile and internet banking channels.

Product overview

Oppdalsbanken is a local Norwegian savings bank (sparebank) operating as part of the Eika alliance, providing comprehensive banking and financial services to retail and business customers. The core banking platform centers on Oppdal Aktiv accounts with bundled Visa cards and fee-free digital banking, supported by loan products including Boliglån (mortgages), Billån (vehicle loans), and Forbrukslån (consumer loans). The product portfolio spans daily banking (Mobilbank, Nettbank, BankID), savings products (Sparekonto, BSU, Fondssparing, Aksjesparekonto), pension services (Egen Pensjonskonto with Eika profiles), insurance offerings through Fremtind (home, travel, cabin, contents, car, and specialty insurance like bunadsforsikring), and value-added legal services through Justify (testament, fremtidsfullmakt, samboerkontrakt, gavebrev, Juridisk førstehjelp with AI assistance). Business customers access dedicated services including bedriftskonto, bedriftslån, factoring, leasing, and corporate credit cards. The bank also offers fraud protection, cryptocurrency trading guidance, and international payment services through DNB.

Differentiator

Problem solved

Functional benefit

Brands

• Oppdal Aktiv: Customer loyalty program offering fee-free banking services including free bank card transactions and reduced fees for account holders.

Products and services

• Oppdal Aktiv Primary bank account package offering fee-free daily banking services including Visa card, mobile and internet banking, with differentiated tiers for youth (Oppdal Aktiv Ung) and adults (Oppdal Aktiv Voksen) targeted at individual customers in the Oppdal region.
• Boliglån (Mortgage Loan) Home mortgage loan for residential property purchases with competitive interest rates from 5.29% nominal for energy-efficient properties, including specialized variants for first-time buyers, green/energy-efficient homes, credit lines, and construction loans. Targeted at individual home buyers and refinancing customers.
• Forbrukslån (Consumer Loan) Unsecured personal consumer loan up to 500,000 NOK with 5-year repayment term at 13.7% nominal interest rate, provided through partnership with Kredittbanken ASA. Available to existing customers aged 20+ for general personal financing and debt refinancing.
• Billån (Vehicle Loan) Vehicle financing loan for cars and other vehicles including motorcycles, motorhomes, and ATVs, with options for ordinary car loans, green car loans for environmentally friendly vehicles, and insurance-free car loans. Targeted at individual consumers purchasing vehicles.
• BSU (Boligsparing for ungdom) Norwegian youth housing savings account with 5.90% interest rate until age 34 and 10% tax deduction on contributions, limited to 27,500 NOK per year and 300,000 NOK total. Designed for young customers building savings toward first home purchase.
• Sparekonto (Savings Account) Standard savings account with tiered interest rates of 2.50% on balances below 50,000 NOK and 2.75% on balances above 50,000 NOK, including 12 fee-free withdrawals per year. Targeted at individual customers for general savings purposes.
• Fondssparing (Mutual Fund Investment) Mutual fund investment savings including tax-efficient stock savings accounts (Aksjesparekonto), managed through Eika Kapitalforvaltning's fund selection including equity, global, Norwegian, and bond funds. Targeted at individual investors building long-term wealth.
• Eika Kredittkort (Credit Card) Credit card with 0 NOK annual fee, 0 NOK purchase fees, and up to 45 days interest-free payment period at 23.46% nominal interest rate, provided through Eika partnership. Targeted at individual customers for everyday spending and credit needs.
• Egen Pensjonskonto (Personal Pension Account) Personal pension account (EPK) for consolidating private sector pension savings with customizable risk profiles including 100% Equity, Life Cycle, Moderate, and Cautious investment options. Targeted at individual employees and self-employed professionals planning retirement.
• Mobilbank og Nettbank (Mobile and Internet Banking) Mobile and internet banking applications providing 24/7 access to account management, payments, transfers, and loan applications for both private and business customers. Available as separate portals for personal and business banking.
• BankID Digital identification system for secure authentication and electronic signing of documents, available via mobile app or code token. Used for online banking login, contract signing, and identity verification across Norwegian services.
• Innboforsikring (Contents Insurance) Home contents insurance covering furniture, electronics, clothing, and valuables, with options for standard or premium (Innbo Pluss) coverage including accidental damage protection. Distributed through Fremtind Forsikring partnership for individual customers.
• Hytteforsikring (Cabin Insurance) Cabin and holiday home insurance available in standard or premium (Topp) levels, covering building, liability, legal aid, and optional add-ons for pest damage and fungi. Distributed through Fremtind Forsikring for cabin owners.
• Reiseforsikring (Travel Insurance) Travel insurance distributed through Fremtind Forsikring, including SmartDelay+ service providing airport lounge access for flight delays over 1 hour. Targeted at individual travelers.
• Fremtidsfullmakt (Digital Power of Attorney) Digital future power of attorney service allowing customers to designate representatives for financial and personal decisions in case of incapacitation, provided through Justify partnership with lawyer quality assurance. Targeted at individual customers planning for future incapacity scenarios.
• Testament (Digital Will) Digital will creation service provided through Justify with lawyer quality assurance, inheritance simulator functionality, and automatic access provisions for heirs after death. Targeted at individual customers planning estate distribution.
• Samboerkontrakt (Cohabitation Contract) Digital cohabitation contract service for unmarried couples including ownership calculations and expense distribution agreements, provided through Justify partnership with lawyer quality assurance.
• Gavebrev (Gift Letter) Digital gift letter service for documenting monetary gifts and inheritance advances, with automatic sharing functionality for heirs, provided through Justify partnership with lawyer quality assurance.
• Juridisk førstehjelp (Legal First Aid) AI-assisted legal guidance service combining artificial intelligence for case summarization and natural language processing with human lawyer expertise for final assessments, through Justify partnership. Targeted at customers seeking initial legal guidance.

Quantifiable outcome

• Miljøfyrtårn (Environmental Lighthouse) certified - demonstrating commitment to sustainability

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability3 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, strategic and minor.

• EikacoreChannel Partner/ Reseller/ DistributorOppdalsbanken is part of the Eika alliance, which includes 67 local banks across Norway. Eika provides shared banking infrastructure, product development, and procurement benefits including access to the Eika brand, systems, and group purchasing power.
• Fremtind ForsikringcoreChannel Partner/ Reseller/ DistributorInsurance products are distributed through Fremtind Forsikring, which is owned by SpareBank 1 and DNB. The bank offers home, car, travel, contents, cabin, and value item insurance through this partnership.
• Kredittbanken ASAcoreTechnology or IntegrationConsumer loans and refinancing products are provided through Kredittbanken ASA, enabling the bank to offer unsecured personal loans and debt consolidation services.
• JustifystrategicStrategic or Co-development PartnerDigital legal services partnership providing customers access to testament, power of attorney (fremtidsfullmakt), cohabitation contracts, and gift letters through an AI-assisted platform quality-assured by lawyers.
• DNBcoreTechnology or IntegrationInternational payment processing and currency exchange services through DNB, enabling SEPA payments and international transfers.
• Eika KapitalforvaltningcoreTechnology or IntegrationFund management and pension savings (pensjonssparing) through Eika's fund selection including Eika Aksjer, Eika Global, Eika Norge, and various bond funds.
• NetscoreTechnology or IntegrationPayment infrastructure provider for card processing, direct debit (AvtaleGiro), e-invoicing (eFaktura), and salary payment services.
• BankIDcoreTechnology or IntegrationDigital identification and signature service enabling secure online banking, contract signing, and identity verification across Norwegian banks.
• VippscoreTechnology or IntegrationMobile payment integration allowing customers to make instant payments, tap-to-pay (tæpping), and request money through the Vipps app.
• Aktiv EiendomminorGTM or Marketing PartnerReal estate brokerage partnership providing customers access to property agents with local knowledge and coordinated services between banking and property transactions.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Emerging players

• Bank Norwegian: Norwegian digital bank offering credit cards, consumer loans, and deposit accounts primarily through online channels. Competes for Oppdalsbanken's consumer loan and credit card customers.
• Sbanken (SBanken): Norwegian digital-first challenger bank now owned by DNB offering retail deposits, loans, and investment products via mobile and online channels. Competes with Oppdalsbanken for the same retail customers in Oppdal/Trondheim, especially younger demographics.

Broad incumbents

• Eika Gruppen: The alliance parent/central infrastructure provider serving all 67 Eika alliance savings banks including Oppdalsbanken. Provides shared banking platform, products, and procurement, making it both a partner and the central governance body for Oppdalsbanken's operations.

Direct peers

• Sparebanken Sør: Eika-alliance regional savings bank in Southern Norway offering comprehensive banking, lending, and insurance services to private and business customers. Comparable operating model and alliance-driven product platform.
• Skue Sparebank: Norwegian local savings bank that is also part of the Eika alliance, with similar size and full-service banking/insurance offering to retail and SME customers. Directly comparable in scale, ownership structure (sparebank), and product portfolio.
• Sparebanken Vest: Eika-alliance regional savings bank on Norway's west coast offering deposits, lending, insurance distribution, and pensions to retail and business customers. Comparable sparebank model and product mix.
• Sandnes Sparebank: Eika-alliance savings bank in Rogaland providing retail and business banking, mortgages, and insurance distribution. Similar full-service product portfolio and sparebank ownership model.
• Sparebank 1 Nordmøre: Smaller SpareBank 1 alliance savings bank in Norway serving retail and SME customers with deposits, lending, and insurance distribution. Comparable sparebank-style community focus but through the competing SpareBank 1 alliance.
• SpareBank 1 Østfold Akershus: SpareBank 1 alliance regional savings bank providing full-service retail and business banking plus insurance distribution through Fremtind. Comparable operating model and customer segments, though in a different Norwegian region.

Regional players

• SpareBank 1 SMN: Major regional bank headquartered in Trondheim (the same city as Oppdalsbanken's advisory office) serving Central Norway with retail, corporate, and capital markets services. Direct regional overlap with Oppdalsbanken but significantly larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Oppdalsbanken
• LinkedInlinkedin.com/company/oppdalsbanken

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 Oppdalsbanken