Bien Sparebank

What Bien Sparebank does

Bien Sparebank is a Norwegian savings bank (sparebank) founded in 1884 in Oslo, providing full-service retail and small-business banking to customers in the Oslo region. The bank operates as a member of the Eika Alliansen, an alliance of 47 local Norwegian banks that share infrastructure, product development, and brand assets. With 11–50 employees, it distributes products through a single Oslo branch (Dronning Mauds gate 11), a mobile advisory service ("Bank på døra"), and the shared Eika Mobilbank digital platform. Its customers include retail individuals — first-time homebuyers, families, and retirees seeking personal advisory — as well as small and medium-sized businesses needing dedicated relationship banking. The core technology is Eika Mobilbank, a proprietary mobile banking application developed within the Eika Alliansen, integrated with BankID for authentication and document signing and with Vipps for mobile payments.

Its product portfolio spans four core categories. Daily banking products include brukskonto (current accounts), payment cards, AvtaleGiro/eFaktura, and document signing. Lending products include ordinary mortgages (nominal rates from 5.34% to 5.64% across LTV tiers), green mortgages for energy-rated A/B homes (5.34% nominal up to 70% LTV), fixed-rate mortgages (3/5/10 year at 5.30%/5.10%/4.90% nominal), senior loans (Seniorlån/LittExtra at 6.94% nominal, zero term fee), youth mortgages for ages 18–34 with up to 100% financing, revolving credit (Rammelån) secured against up to 60% of property value, car loans, refinancing, and pre-approval certificates (Finansieringsbevis) issued within 1–2 business days. Savings and pension offerings include BSU youth housing savings (with up to 2,750 NOK annual tax deduction), standard savings accounts, fund investments (Fondssparing), equity savings accounts (Aksjesparekonto), the Smartspar robo-advisor, micro-savings, and pension savings. Insurance products — home, contents, travel, car, pet, youth (UNG at 172 NOK/month), and bunad valuables insurance — are underwritten by Fremtind Forsikring and distributed by the bank. Legal services — cohabitation agreements, wills, advance powers of attorney, gift deeds, and AI-assisted legal first aid — are resold through partner Justify AS.

Revenue mechanics rest primarily on net interest income from mortgage and consumer lending, supplemented by commission from insurance distribution via Fremtind, credit card distribution via Kredittbanken ASA, fees for banking services (termingebyr at 65 NOK per payment, establishment fees from 4,000 NOK), and margin on legal services resold via Justify. Pricing is publicly disclosed and standardized across mortgages and insurance products. The go-to-market emphasizes personal advisory over digital-only delivery, with each customer assigned a named advisor supported by physical branch, mobile ("Bank på døra"), and self-service digital channels (Eika Mobilbank). Regulatory compliance under Norwegian financial supervision and EU GDPR governs data processing across 19 documented categories of personal data handling.

Name

Bien Sparebank

Legal name

Bien Sparebank

Website

https://bien.no

Company type

Private

Founded year

1884

Operating status

Operating

Headcount range

11–50 employees

Short description

Bien Sparebank is a Norwegian savings bank founded in 1884 serving retail and small business customers in Oslo with personal advisory, mortgages, savings, insurance, and legal services via the Eika Alliansen and Eika Mobilbank digital platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Mortgage lending
• Savings accounts
• Insurance distribution
• Personal financial advisory

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income (Mortgage & Loan Products): The primary revenue stream is net interest income from mortgage lending (boliglån, rammelån, seniorlån, billån), where the bank earns the spread between deposit rates and lending rates. Interest rates on mortgages range from approximately 5.10% to 6.94% nominal APR depending on loan type and LTV.
2. Insurance Distribution Commission: The bank acts as an intermediary for insurance products (home, contents, travel, car, pet, youth, and bunad insurance) underwritten by Fremtind Forsikring, earning commission on each policy sold.
3. Fee Income on Banking Services: Transaction fees (termingebyr 65 kr per payment), loan establishment fees (from 4,000 kr), and account service fees generate non-interest income. Legal services (samboerkontrakt, testament, fremtidsfullmakt) are resold via the Justify platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Bien Sparebank is a Norwegian savings bank (sparebank) offering retail banking services to individuals and small businesses in Oslo. Its core offerings include daily banking (current accounts, payment cards, mobile banking via Eika Mobilbank), residential mortgages (standard, green, young-adult, fixed-rate, senior variants), savings and pension products (savings account, BSU youth housing savings, fund investments, pension savings), and insurance distribution (home, contents, travel, car, dog, and valuables) underwritten by Fremtind Forsikring, plus legal services delivered through partner Justify AS.

Product overview

Bien Sparebank is a Norwegian savings bank (sparebank) operating as a local bank within the Eika Alliansen, offering a comprehensive, unified banking platform centered on the Eika Mobilbank app. The product portfolio spans four core pillars: daily banking (brukskonto, mobilbank, Vipps, BankID, betalingskort), lending (mortgage/home loans including Boliglån, Boliglån Ung, Grønt Boliglån, Rammelån, Flytte Boliglån, Fastrentelån, Seniorlån/LittExtra, Billån, Refinansiering, and Finansieringsbevis pre-approval), savings and investment (Sparekonto, BSU youth housing savings, Fondssparing, Aksjesparekonto, Smartspar robo-advisor, Mikrosparing, and Pensjonssparing), and insurance (Innboforsikring, Husforsikring, Bilforsikring, Reiseforsikring, Hundeforsikring, Innbo- og Reiseforsikring for Unge, and Verdisaksforsikring/Bunadsforsikring). The bank also offers complementary legal services through the Justify platform (samboerkontrakt, fremtidsfullmakt, testament, gavebrev, Juridisk Førstehjelp AI-assisted legal guidance), a mobile advisory service (Bank på Døra), and a dedicated complaint handling process. All core banking services are consolidated within Eika Mobilbank, with a strong emphasis on personal advisory (rådgivning) alongside digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Brukskonto (Current Account) Standard transaction account for everyday banking operations for Norwegian consumers, with linked services including AvtaleGiro, eFaktura, and payment cards.
• Sparekonto (Savings Account) Savings account offering interest rates better than current accounts, suitable for emergency funds and short-term savings goals.
• BSU (Boligsparing for Ungdom — Youth Housing Savings) Government-subsidized savings account for customers under 34, offering the bank's best savings interest rate, annual tax deductions of up to 2,750 NOK, annual savings cap of 27,500 NOK, and total cap of 300,000 NOK.
• Boliglån (Mortgage / Home Loan) Standard residential mortgage with tiered interest rates based on loan-to-value ratio, offering up to 90% financing for primary residences. Nominal rates from 5.34% to 5.64% depending on LTV.
• Grønt Boliglån (Green Mortgage) Green mortgage for energy-efficient homes rated energy label A or B, offering favourable interest rates (nominal from 5.34%) as an incentive for sustainable property investment, up to 70% LTV.
• Boliglån Ung (Young Adult Mortgage) Specialized mortgage for customers aged 18–34, with enhanced borrowing capacity (up to 100% with additional collateral) and dedicated advisors supporting first-time buyers.
• Rammelån (Revolving Credit Facility) Flexible revolving credit secured against up to 60% of property value, with interest charged only on drawn amounts — suitable for home renovations and irregular expense patterns.
• Flytte Boliglån (Mortgage Transfer) Service enabling existing mortgage customers to transfer their home loan to Bien Sparebank, with competitive rates and a dedicated advisor managing the transition process.
• Finansieringsbevis (Mortgage Pre-Approval Certificate) Pre-approved mortgage certificate issued within 1–2 business days, giving customers a clear borrowing limit for property bidding situations.
• Seniorlån / LittExtra (Senior Loan) Senior loan product for homeowners aged 60+, allowing borrowing against their property with a nominal interest rate of 6.94% and zero term fees.
• Fastrentelån (Fixed Rate Mortgage) Mortgage with fixed interest rate for 3, 5, or 10 years, offering rate certainty up to 75% loan-to-value. Nominal rates: 3-year 5.30%, 5-year 5.10%, 10-year 4.90%.
• Billån (Car Loan) Loan product for vehicle financing offered through the bank's lending portfolio.
• Kredittkort (Credit Card) Credit card issued through partner Kredittbanken ASA, with access to dedicated complaint handling and refinancing options.
• Refinansiering (Refinancing) Service allowing customers to refinance existing loans or consolidate debt, potentially reducing monthly costs through renegotiated terms.
• Fondssparing (Fund Investment) Long-term investment in mutual funds with no lock-in period, available in multiple fund types aligned to customer risk appetite and investment horizon.
• Aksjesparekonto (Equity Savings Account) Tax-advantaged account for holding equity funds (80%+ equity allocation), enabling reinvestment of gains without triggering immediate capital gains tax — accessible via Smartspar app or Eika Investor Services.
• Pensjonssparing (Pension Savings) Private pension savings product for supplementary retirement savings beyond the Norwegian state pension.
• Innboforsikring (Home Contents Insurance) Insurance covering personal belongings and movable property within the home against risks including fire, water damage, and theft. Innbo Pluss tier adds accident damage and extended coverage including up to 100,000 NOK for legal costs.
• Husforsikring (Home Insurance) Insurance covering the physical structure of the home and fixed installations against fire, water, natural disasters, and theft, including free legal aid for disputes with contractors.
• Reiseforsikring (Travel Insurance) Annual travel insurance covering belongings, health emergencies, and repatriation for trips both domestic and international.
• Bilforsikring (Car Insurance) Vehicle insurance covering damage, liability, and related risks for car owners.
• Hundeforsikring (Dog Insurance) Specialized insurance product for dog owners covering veterinary costs and related liabilities.
• Innbo- og Reiseforsikring for Unge (Young Adult Contents and Travel Insurance) Combined contents and annual travel insurance tailored for customers under 21, covering personal belongings, travel health, and personal liability, priced at 172 NOK/month.
• Bunadsforsikring / Verdisaksforsikring (Bunad and Valuables Insurance) Specialized valuables insurance covering traditional Norwegian bunad (national costume) and other high-value personal items against damage, loss, and theft worldwide, priced from approximately 859 NOK/year for a 75,000 NOK bunad.
• Justify Juridiske Tjenester (Legal Services via Justify) Suite of legal services provided through partner Justify AS: digital cohabitation contracts (samboerkontrakt from 1,990 NOK), advance directives (fremtidsfullmakt from 3,490 NOK), wills (testament 3,490 NOK), and gift deeds (gavebrev 1,990 NOK) — all digitally signed with BankID and quality-checked by lawyers.
• Juridisk Førstehjelp (AI-Assisted Legal First Aid) Digital legal advisory service powered by AI to help customers describe their legal situation, combined with human lawyer review for written guidance and recommendations. Priced at 1,990 NOK per submission with 15-minute follow-up included.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Eika AlliansencoreStrategic or Co-development PartnerBien Sparebank is a member of the Eika Alliansen, a network of 47 local banks in Norway. The alliance provides shared technology infrastructure (Eika Mobilbank, Eika Investortjenester), product development (insurance via Fremtind, legal services via Justify), and collective brand and marketing. The alliance enables member banks to compete with larger national banks while maintaining local identity and decision-making.
• Aktiv EiendomsmeglingcoreStrategic or Co-development PartnerThe bank partners with Aktiv Eiendomsmegling (real estate brokerage) for property valuations and recommends Aktiv to customers buying or selling homes. Aktiv provides free property valuations that complement the bank's mortgage offerings. The partnership includes a co-branded approach where Aktiv's property listings and valuation tools are promoted on the bank's website.
• Fremtind ForsikringcoreChannel Partner/ Reseller/ DistributorFremtind Forsikring is the insurance company whose products (home, contents, travel, car, youth, bunad, and valuables insurance) are distributed by Bien Sparebank to its customers. The bank earns commission on each policy sold. Fremtind also handles insurance complaints on behalf of the bank. The partnership is part of the Eika Alliansen product shelf.
• Justify ASminorChannel Partner/ Reseller/ DistributorJustify is a digital legal services platform providing samboerkontrakt (cohabitation agreements), testament (wills), fremtidsfullmakt (advance power of attorney), gavebrev (gift letters), and juridisk førstehjelp (legal first aid). Bien Sparebank promotes Justify on its website as a partner for legal services. Justify is a standalone company developed by lawyers and economists.
• Kredittbanken ASAminorChannel Partner/ Reseller/ DistributorKredittbanken ASA provides credit card and consumer loan products that are distributed through the bank's website. The bank handles customer complaints for these products and refers customers to Kredittbanken's complaint process.
• FinansklagenemndaminorOthersExternal complaint resolution body for financial disputes. When customers are not satisfied with the bank's internal complaint handling, they are referred to Finansklagenemnda (Financial Complaints Board). The bank's complaint form is shared from another Eika bank (Rørosbanken).

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights6 records

Customer concentration

• Xx.com/BienSparebank
• Facebookfacebook.com/BienSparebank
• LinkedInlinkedin.com/company/brownstone-mortgage-capital-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Bien Sparebank