Rogaland Sparebank

What Rogaland Sparebank does

Rogaland Sparebank is a Norwegian regional savings bank formed on 1 August 2024 through the three-way merger of Sandnes Sparebank, Hjelmeland Sparebank, and Den Gule Banken. The bank serves approximately 300,000 residents across Nord-Jæren and Ryfylke with ~40 billion NOK in business capital, 150 employees in the parent bank, and an additional 32 employees through its wholly-owned real estate brokerage subsidiary Aktiv Rogaland. It operates eight physical branches (Sandnes headquarters, Stavanger, Sola, Jørpeland, Hjelmeland, Finnøy, Sand, plus a new Bryne office opening September 2026), with all customer-facing locations operating by appointment.

The bank operates a full-service retail and SMB banking model with product lines spanning everyday banking (accounts, cards, payments), lending (mortgages, consumer loans, car loans, green mortgages, fixed-rate loans), savings and pension (BSU, mutual funds, IPS pension, Mikrospar, Smartspar), insurance distribution (home, car, travel, pet, life), and the unique Kundeutbytte (Customer Dividend) program that has distributed profits to customers annually since 2017. Technology is delivered through the Eika Alliansen shared platform (Eika mobilbank app, internet banking), with integrations to Norway's national payment infrastructure (Vipps, BankID, AvtaleGiro, eFaktura, Apple Pay, Google Pay, Nets). The bank is the largest owner in Eika Alliansen with a 9.84% stake, providing access to alliance-wide technology, product development, and marketing support.

Revenue is generated primarily through net interest income from lending (mortgages dominate, with rate tiers ranging from 5.19% for first-home buyers to 5.84% for flexible credit lines), supplemented by commission from insurance distribution, fees from payment services, and revenue from savings and investment products. The bank reported record profit after tax of 479.5 million NOK in 2025 (up from 457.6 million in 2024), with Q1 2026 net interest income of 191.9 million NOK. Loan growth of 16.9% trailing-12-months (19.3% personal, 10.1% business) indicates market share gains, supported by a 18.8% CET1 capital ratio and the community-driven customer dividend program that has paid out 110.5 million NOK in 2025.

Name

Rogaland Sparebank

Legal name

Rogaland Sparebank

Website

https://rogalandsparebank.no

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

Rogaland Sparebank is a Norwegian regional savings bank serving ~300,000 residents across Nord-Jæren and Ryfylke with retail and SMB banking, mortgages, insurance distribution, and a unique annual customer dividend program (~40 billion NOK business capital, ~150 employees).

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Savings Institutions, Not Federally Chartered (6036), Mortgage Bankers & Loan Correspondents (6162), Personal Credit Institutions (6141)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Mortgage lending
• Consumer loans
• Insurance distribution
• Regional savings bank

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue stream from mortgage lending (boliglån), consumer loans, car loans, and business loans. The bank offers various loan products including home loans up to 55% LTV at favorable rates.
2. Insurance Distribution: The bank distributes insurance products including home, car, travel, pet, and life insurance through partnerships.
3. Savings and Investment Products: Revenue from savings accounts, mutual funds, pension products, and BSU (first-home savings scheme).
4. Payment Services: Fees from payment services, card transactions, and international transfers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Rogaland Sparebank is a regional Norwegian savings bank offering everyday banking, mortgages, consumer loans, car loans, savings and pension products, and insurance distribution to private and business customers in the Rogaland region. The bank operates through physical branches plus mobile and internet banking channels powered by the Eika platform. It differentiates through its Kundeutbytte (Customer Dividend) program, which has distributed profits to customers annually since 2017, and a community Gavefond (charitable fund) giving program.

Product overview

Rogaland Sparebank is a regional savings bank serving the Rogaland county in Norway, formed through the 2024 merger of Den Gule Banken, Sandnes Sparebank, and Hjelmeland Sparebank. The bank operates a unified product portfolio centered on everyday banking (Dagligbank), lending (Lån), insurance (Forsikring), and savings & pension (Sparing og pensjon). Core lending products include various mortgage variants (Boliglån) such as Boliglån 55%, Boliglån Ung, Grønt Boliglån, Rammelån, Kongekonto, consumer loans (Forbrukslån), and car loans (Billån). The savings suite includes BSU-sparing, Fondssparing, Mikrospar, Smartspar, and Pensjonssparing. The bank differentiates through unique customer value propositions: Kundeutbytte (customer dividend program distributing profits since 2017) and Gavefond (charitable fund). Digital services are delivered through Eika-powered Mobilbank and Nettbank platforms, integrated with Vipps, Apple Pay, Google Pay, BankID, AvtaleGiro, and eFaktura.

Differentiator

Problem solved

Functional benefit

Products and services

• Dagligbank (Everyday Banking) Comprehensive everyday banking services including accounts, payments, cards, and digital banking through mobile and netbank platforms for private and business customers in Rogaland.
• Boliglån (Mortgage) Home mortgage loans with various product variants including standard mortgages, first-home loans, young customer loans, green mortgages, and fixed-rate options for customers in Rogaland.
• Forbrukslån (Consumer Loan) Unsecured personal loans for various purposes, including refinancing of existing consumer debt without collateral requirements, for private customers in Rogaland.
• Billån (Car Loan) Vehicle financing loans for purchasing cars, motorcycles, motorhomes, and ATVs for private customers in Rogaland.
• Mobilbank og Nettbank (Mobile and Internet Banking) Digital banking platforms enabling customers to manage accounts, payments, transfers, and loan applications via smartphone app and web browser, powered by the Eika banking platform.
• Bankkort og Kredittkort (Bank Cards and Credit Cards) Debit and credit card products including Visa Classic for everyday purchases, international transactions, and use by foreign citizens opening accounts.
• BSU-sparing (Youth Housing Savings) Tax-advantaged savings account for first-time homebuyers under 34 with annual contribution limits and tax benefits, available to private customers in Rogaland.
• Fondssparing (Fund Investment) Investment in mutual funds including equity funds, bond funds, and savings plans for various financial goals including children's education.
• Pensjonssparing (Pension Savings) Long-term retirement savings products including IPS (Individual Pension Savings) accounts for supplementary pension accumulation for private customers in Rogaland.
• Forsikring (Insurance) Range of insurance products distributed through partnerships covering home, contents, vehicle, travel, pet (dog), and child protection insurance for private customers in Rogaland.

Quantifiable outcome

• Customer satisfaction scores rank among highest in Norwegian banking sector (KS Indeks winner 2025)
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• NFF Rogaland (Norwegian Football Association Rogaland)flagshipGTM or Marketing Partner · 1 January 2025Three-year sponsorship agreement renaming Rogalandscupen to Rogaland Sparebank-cupen. The football tournament has record participation with 110 senior teams. The partnership enhances brand visibility across the region through sports engagement.
• Eika AlliansencoreStrategic or Co-development Partner · 1 August 2024Rogaland Sparebank is part of Eika Alliansen, Norway's largest local bank alliance with 47 banks. The alliance provides shared technology platforms, product development, and marketing support. Rogaland Sparebank is the largest owner with 9.84% stake. Banks in the alliance share digital solutions, insurance products, and receive operational support.
• Aktiv Eiendomsmegling (Aktiv Rogaland)coreChannel Partner/ Reseller/ DistributorReal estate brokerage subsidiary operating as part of the group. 32 employees. Provides property valuation and sales services integrated with bank's mortgage offerings.
• VippscoreTechnology or IntegrationMobile payment integration allowing customers to use Vipps for transfers, payments, and mobile payments (Tæpp med Vipps).
• BankIDcoreTechnology or IntegrationDigital identification system used for secure login and transaction signing in mobile and internet banking.
• BATE (Sports Club)minorGTM or Marketing PartnerSports sponsorship relationship supporting local club activities.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Sparebanken Øst: Regional savings bank in eastern Norway with similar retail and SME banking focus. Comparable in scale to Rogaland Sparebank and offers a directly analogous product suite including mortgages, savings, and insurance distribution through Eika.
• Sparebanken Vest: Regional savings bank headquartered on Norway's west coast, with a closely comparable business model combining retail/SME banking, mortgages, insurance distribution, and a community-bank identity. Highly analogous in product mix and mutual-savings-bank ownership structure.
• OBOS-banken: Norwegian retail bank owned by the OBOS housing cooperative, offering mortgages, savings, and consumer loans to a defined membership. Operates a similar community/cooperative identity model with comparable deposit-funded lending focus.
• SpareBank 1 SMN: Regional savings bank in mid-Norway offering a comparable mix of retail, SME, and corporate banking with mutual-savings-bank ownership. Highly comparable operating model and product suite, though at materially larger scale.
• SpareBank 1 SR-Bank: The largest savings bank in Rogaland and the most direct head-to-head competitor. Operates the same retail and SME banking model in the same geographic catchment with a much larger balance sheet (~350 billion NOK total assets), making it the dominant competitor for both deposits and mortgage customers.
• Sparebanken Sør: Regional savings bank in southern Norway with similar product breadth (mortgages, consumer loans, savings, insurance) and comparable scale to Rogaland Sparebank (~80 billion NOK in assets). Both operate the Eika Alliansen technology platform and share the same savings-bank mutual ownership model.

Emerging players

• Sbanken (Sbank): Norwegian digital-only bank offering deposits, consumer loans, and mortgages via a fully digital platform. Targets the same retail customer base but competes on convenience and price rather than personal advisory, posing a structural headwind to community banks like Rogaland.
• Bank Norwegian: Norwegian digital consumer lender offering credit cards, consumer loans, and deposits online. Targets the same Norwegian consumer credit market and competes primarily on price and digital convenience rather than relationship banking.
• Komplett Bank: Norwegian digital consumer bank offering personal loans, refinancing, and savings accounts. Represents a digital-native challenger competing for the same consumer lending and deposit customers as Rogaland Sparebank.

Broad incumbents

• DNB Bank: Norway's largest bank and the dominant retail and corporate banking incumbent. Competes across every product Rogaland Sparebank offers but at national scale, with substantially greater resources for digital investment and pricing flexibility.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 Rogaland Sparebank