Trøndelag Sparebank

What Trøndelag Sparebank does

Trøndelag Sparebank is a regional Norwegian savings bank (sparebank) headquartered in Kyrksæterøra, Norway, operating continuously since 1864 through predecessor institutions (Hevne Sparebank, Sparebanken Hemne, Aa Herreds Sparebank/Åfjord Sparebank). It serves retail customers and small-to-medium businesses exclusively within Trøndelag county through seven physical branch offices (Kyrksæterøra, Brekstad, Sistranda/Frøya, Hitra, Trondheim, Åfjord, Halsa), telephone banking, and digital channels, and is publicly listed on Oslo Børs under ticker ose:TRSB. The bank is a member of the Eika Alliance, a network of ~70 Norwegian savings banks, and relies on the alliance's shared technology stack: the white-labeled Eika Mobilbank/Nettbank platform (rated 4.6/5 in the App Store), BankID-based authentication, and partner-supplied lending and insurance infrastructure (Eika Boligkreditt for mortgages, Kredittbanken ASA for consumer loans, Fremtind Forsikring for insurance, Eika Kapitalforvaltning for funds and pensions).

The product portfolio spans daily banking (Visa debit cards, current accounts, Gullkonto tiered savings up to 4.05%, BSU youth housing savings at 6.30%), lending (standard and green mortgages with rates from 5.29% nominal for under-34 first-home buyers up to 90% LTV, car/boat/MC loans, unsecured consumer loans at 13.7% nominal, and refinancing at 8.9-20.9% risk-based pricing), insurance distribution (home, contents, travel, car, pet, life under Fremtind), pension (Egen Pensjonskonto with four risk profiles, occupational innskuddspensjon for businesses), and payment infrastructure (Vipps with native Tæpp tap-to-pay, Apple Pay, Google Pay, Samsung Wallet, eFaktura, AvtaleGiro, EHF invoicing via Compello AS).

The revenue model is dominated by net interest income on the lending/deposit spread, supplemented by transaction and account fees (card payments, wire transfers, loan establishment and term fees), insurance distribution commissions from Fremtind, and management-fee commissions on Eika-branded funds and pension profiles. Customer segments are horizontally organized: private individuals (with a dedicated youth/UNG sub-segment under 34), SMEs, agricultural operations, and local associations. In February 2026, the bank signed a merger plan with Ørland Sparebank that will roughly double its business capital to ~18 billion NOK (18.7% CET1 ratio) under a decentralized multi-location leadership model, with closing targeted for April 1, 2027. The merged entity will remain in the Eika Alliance and continue operating under the Trøndelag Sparebank name.

Name

Trøndelag Sparebank

Legal name

Trøndelag Sparebank

Website

https://trondelagsparebank.no

Company type

Private

Founded year

1864

Operating status

Operating

Headcount range

51–100 employees

Short description

Trøndelag Sparebank is a Norwegian regional savings bank founded in 1864, serving retail customers and SMEs across Trøndelag county through seven branches, the Eika Mobilbank digital platform, and the Eika Alliance shared infrastructure, offering mortgages, savings, insurance, and payments.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

Savings Institutions, Not Federally Chartered (6036), Personal Credit Institutions (6141)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Retail banking services
• Mortgage lending
• Consumer loan products
• Savings and pension
• Insurance distribution

Headquarters

HQ city

Kyrksæterøra

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: The primary revenue stream, generated from the spread between interest earned on loans (mortgages, car loans, consumer loans, business loans) and interest paid on deposits (savings accounts, current accounts). The bank offers mortgage lending through Eika Boligkreditt AS, consumer lending through Kredittbanken ASA, and its own deposit-taking.
2. Fee and Commission Income: Fees from payment services (card transactions, wire transfers, international payments), account management, loan origination (establishment fees, term fees, tinglysning fees), and insurance distribution commissions. The bank earns transaction fees on all card payments, account services, and loan-related services.
3. Insurance Distribution: The bank distributes insurance products (home, content, travel, car, pet, life) under the Eika/Fremtind brand and earns commissions on policy sales.
4. Pension and Investment Product Distribution: Distribution of unit-linked pension accounts (egen pensjonskonto) through Eika Kapitalforvaltning AS, and mutual fund savings (fondssparing) products, earning management fee commissions.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Trøndelag Sparebank is a Norwegian regional savings bank that delivers retail and SME banking through 7 physical branches across Trøndelag and the Eika Mobilbank/Nettbank digital platform. The product portfolio spans daily banking (accounts, debit/credit cards, Vipps and wallet payments), lending (mortgages including green and youth variants, car/boat/vehicle loans, unsecured consumer loans, refinancing), savings and investments (BSU, tiered Sparekonto, mutual funds, self-directed and occupational pensions), and insurance distribution (home, content, travel, car, pet, youth) underwritten by Fremtind Forsikring.

Product overview

Trøndelag Sparebank is a regional Norwegian savings bank offering a comprehensive, multi-channel banking platform primarily through the Eika alliance. The core digital banking experience is delivered via Eika Mobilbank (mobile and web banking), which serves as the unified hub for all daily banking, payments, card management, and loan tracking. The product portfolio spans three interconnected clusters: (1) Lending products — Boliglån mortgages (including Grønt Boliglån green mortgages, Boliglån Ung for under-34s, Rammelån flexible credit lines, and refinancing), Billån car/vehicle loans (including Grønt Billån), Forbrukslån consumer loans, and Kredittkort credit cards, all sourced through Eika and Kredittbanken ASA; (2) Savings & Investments — BSU youth housing savings (6.30%), Fondssparing mutual funds via Eika Kapitalforvaltning, Egen Pensjonskonto self-directed private pension with four risk profiles (Eika 100% Aksjer, Livssyklus, Moderat, Forsiktig), and tiered Sparekonto savings accounts (Gullkonto up to 4.05%, Fastrenteinnskudd 4.75%); and (3) Insurance — innboforsikring, husforsikring, reiseforsikring, bilforsikring, youth combined innbo- and reiseforsikring, and bunadsforsikring, all underwritten by Fremtind Forsikring. The bank also offers business banking products (bedriftslån, kassekreditt, leasing, factoring, innskuddspensjon), real estate brokerage via Aktiv, and accounting services through Trøndelag Regnskap and Trøndelag Økonomi. Payment infrastructure is anchored by Vipps (including Tæpp med Vipps tap-to-pay), Apple Pay, Google Pay, Samsung Wallet, Visa debit cards, eFaktura, and AvtaleGiro. The bank also provides EHF invoicing for business customers via Compello AS. Established in 1864, the bank serves retail and business customers across Trøndelag through physical branches and digital channels. As of 2026, Trøndelag Sparebank is undergoing a merger with Ørland Sparebank (expected completion April 2027) and is affiliated with the Eika alliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Eika Mobilbank og Nettbank White-labeled mobile and internet banking application providing account access, payments, transfers, card controls, loan tracking, eFaktura batch approval, AvtaleGiro, push notifications for salary and invoices, and instant payments with face recognition login. Available to both private and business customers in Trøndelag.
• Boliglån (Mortgage Loans) Home mortgage loans including standard mortgages (up to 55% and 75% LTV), green mortgages, green renovation loans, first-home loans for under-34s (up to 90% LTV), flexible credit lines (rammelån up to 60% LTV), and refinancing. Distributed through the Eika alliance with best-rate lending funded via Eika Boligkreditt AS.
• Billån (Car and Vehicle Loans) Secured vehicle loans for cars (including Grønt Billån green variants), boats (båtlån), motorcycles/ATVs/snowmobiles, and camper vans, with collateral requirements of 20–35% equity. Green car loans carry lower nominal rates (e.g. 6.25% effective 8.59% on standard car loan).
• Forbrukslån (Consumer Loans) Unsecured consumer loans up to 300,000 NOK online or 500,000 NOK with advisor guidance, at 13.7% nominal / 16.6% effective, with up to 5-year repayment terms. Supplied by Kredittbanken ASA.
• Refinansiering (Refinancing of Unsecured Debt) Unsecured refinancing of existing consumer debt and credit card balances into a single loan, with risk-based nominal rates from 8.9% to 20.9%. Supplied by Kredittbanken ASA.
• Kredittkort (Credit Cards) Eika Kredittkort with 0 NOK annual fee, 0 NOK on purchases, 23.46% nominal / 26.2% effective rate, up to 45 days interest-free, plus Eika Ansatt Kredittkort (employee variant) and AirPlus Corporate firmakort for businesses.
• BSU (Boligsparing for Ungdom — Youth Housing Savings) Tax-advantaged housing savings account for individuals under 34 years old, offering a 6.30% nominal rate on standard BSU and 4.75% on BSU Pluss, used as eligible equity for first-home mortgage applications.
• Fondssparing (Mutual Fund Savings) Mutual fund savings program offering Eika-branded funds (Eika Aksjer, Eika Global, Eika Norge, Eika Norden, Eika Utbytte, Eika Sparebank, Eika Obligasjon, Eika Kreditt) for adults and children, plus the Smartspar app-based automated savings experience. Managed by Eika Kapitalforvaltning AS.
• Egen Pensjonskonto / EPK (Private Pension Account) Self-directed private pension account consolidating pension capital from current and previous employers, with four Eika risk profiles: Eika 100% Aksjer, Eika Livssyklus, Eika Moderat, and Eika Forsiktig (100% Renter). Managed by Eika Kapitalforvaltning AS.
• Sparekonto (Savings Accounts) Tiered savings account family including Gullkonto (3.25%–4.05% by balance tier), Gullkonto UNG (4.10% for under-34s), Depositumskonto (3.25%), Fastrenteinnskudd 12 months (4.75% from 250,000 NOK), and Sparekonto with 31 days' notice (0.05%–4.50%).
• Forsikring (Insurance Distribution) Multi-line insurance distribution including innboforsikring (home contents), husforsikring (house), reiseforsikring (travel), bilforsikring (car), hund (pet), youth combined innbo- and reiseforsikring (172 NOK/month), and bunadsforsikring, plus bundled Innbo Pluss with accidental damage coverage. Underwritten by Fremtind Forsikring; the bank earns distribution commissions.
• Bankkort (Visa Debit Cards) Visa debit card range for children (under 13, with 1,000 NOK daily limit), youth (13–18, 10,000 NOK daily limit), adults, and business customers, supporting contactless payments, mobile wallet integration (Apple Pay, Google Pay, Samsung Wallet, Vipps), and digital card access in the mobile bank.
• Vipps (Mobile Payments) Norwegian mobile payment platform natively integrated, supporting tæpping (contactless tap-to-pay), P2P transfers, Vipps number payments, international transfers (4% fee), and Vipps for children (from age 6). Customers' Visa cards and accounts are selectable as funding sources inside Vipps.
• Innskuddspensjon (Occupational Pension for Businesses) Employer-provided defined-contribution pension (innskuddspensjon) with tiered management fees (0.40%–0.95% depending on fund size), plus a self-employed pension option. Delivered as part of Eika Pensjon.
• Bedriftslån og Kreditter (Business Loans and Credits) Business financing suite including bank guarantees (bankgaranti), business loans (bedriftslån), construction loans (byggelån), factoring and invoice administration, overdraft facilities (kassekreditt), and leasing, available to SMEs and agricultural businesses in Trøndelag.

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

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Ørland SparebankcoreStrategic or Co-development Partner · 27 February 2026Merger planned between Trøndelag Sparebank and Ørland Sparebank. The combined bank will continue under the name Trøndelag Sparebank with no single defined headquarters, operating under a decentralized leadership model. The merged entity will have approximately 18 billion NOK in business capital and 18.7% CET1 ratio. Subject to shareholder approval (August 13, 2026) and regulatory approval, with completion targeted for April 1, 2027.
• Eika-alliansen (Eika Alliance)coreStrategic or Co-development PartnerTrøndelag Sparebank is affiliated with the Eika Alliance, a network of approximately 70 Norwegian savings banks. Eika provides shared technology (Eika Mobilbank, Eika Nettbank), product development (loans via Eika Boligkreditt, insurance via Fremtind), purchasing power, and marketing resources. The merged bank with Ørland Sparebank will remain affiliated with Eika.
• VippscoreTechnology or IntegrationTrøndelag Sparebank is co-owner in Vipps through the Eika Alliance. The bank supports Vipps payments, Vipps Tæpp (contactless mobile payments), Vipps for children, and Vipps number payments. The bank actively markets Vipps as a secure, Norwegian-developed alternative to international payment platforms.
• Det Kongelige Norske Videnskabers Selskab (DKNVS)minorStrategic or Co-development PartnerJoint establishment of the DKNVS Bærekraftspris for ungdom (DKNVS Youth Sustainability Prize) worth 100,000 NOK to recognize young change-makers in Trøndelag who create sustainable solutions. First awarded in 2027. Partnership aimed at promoting sustainable development in the region.
• Eika Boligkreditt AScoreTechnology or IntegrationEika Boligkreditt provides mortgage lending infrastructure for the best rates on housing loans offered by Trøndelag Sparebank. Best mortgage terms require loans through Eika Boligkreditt.
• Kredittbanken ASAcoreTechnology or IntegrationKredittbanken ASA provides consumer lending (forbrukslån) and refinancing products (refinansiering) for Trøndelag Sparebank customers. The bank distributes these products under the Eika brand.
• Fremtind Forsikring (Eika Insurance)coreChannel Partner/ Reseller/ DistributorFremtind Forsikring (owned by Eika and SpareBank 1) provides all insurance products (home, content, travel, car, life, etc.) distributed by Trøndelag Sparebank. The bank earns commissions on insurance sales.
• Aktiv EiendomsmeglingminorGTM or Marketing PartnerAktiv is the bank's recommended real estate agent partner for customers buying or selling property. The bank collaborates with Aktiv for property valuations and referrals.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Storebrand Bank ASA: Storebrand Bank is the banking subsidiary of Norwegian life insurer/pension provider Storebrand. While primarily a savings/deposit-focused bank distributing pension and savings products, it overlaps with Trøndelag Sparebank on savings and pension distribution within the same Norwegian retail banking market.
• Sbanken (now DNB): Sbanken was a Norwegian digital-only bank serving retail and SME customers with savings, mortgages, and consumer credit, subsequently acquired by DNB. It represents the digital challenger model that competes with Trøndelag Sparebank's branch-led model on convenience and pricing, and is a relevant comparison point for digital-channel customer acquisition costs.
• Bank Norwegian (Norwegian Finans Holding / Nordax): Bank Norwegian is a digital consumer-finance-led Norwegian bank specializing in credit cards, balance-transfer/consumer loans, and refinanced debt. It competes with Trøndelag Sparebank's Kredittbanken-distributed forbrukslån and refinancing products, and is relevant as a benchmark for digital consumer-credit pricing and acquisition.

Direct peers

• SpareBank 1 Nord-Norge: SpareBank 1 Nord-Norge is a regional savings bank serving northern Norway under the SpareBank 1 alliance — not the Eika alliance — but with a directly comparable profile: multi-branch regional savings bank, broad retail/SME products, mortgage lending via alliance infrastructure, and a local-advisory-led GTM. It shares the sparebank mutual-ownership model and serves as a structural benchmark.
• Bien Sparebank: Bien Sparebank is a small Norwegian savings bank operating under the sparebank mutual-ownership model with Eika alliance membership, serving retail customers with deposits, mortgages, and insurance. It is one of the closest peer matches on size, ownership structure, and product mix outside Trøndelag.
• SpareBank 1 SMN (Sparebanken Midt-Norge): SpareBank 1 SMN is the dominant regional savings bank in the broader Trøndelag/Midt-Norge region, headquartered in Trondheim. It operates an overlapping retail/business banking franchise in the same geography as Trøndelag Sparebank, with a similar product set (mortgages, deposits, insurance via Fremtind, payments via Vipps) and a larger scale — making it the most directly comparable competitor and a benchmark for the merged Trøndelag + Ørland entity.
• Skagerrak Sparebank: Skagerrak Sparebank is a small-to-mid-sized Norwegian independent savings bank in southern Norway. Like Trøndelag Sparebank, it operates under the sparebank mutual ownership model, uses the Eika alliance technology stack, and offers the full retail + SME deposit/lending/insurance suite — providing a near-perfect peer match on size, business model, and product mix.

Broad incumbents

• SpareBank 1 Sør-Norge: SpareBank 1 Sør-Norge (SR-Bank) is the largest of the SpareBank 1 alliance banks and one of Norway's top three retail banks. It competes with Trøndelag Sparebank for Norwegian household deposits and mortgages through its digital channel, offering similar products at national scale — relevant as a competitive benchmark on pricing, digital experience, and product breadth.
• SpareBank 1 Østlandet: SpareBank 1 Østlandet is an eastern Norway regional savings bank under the SpareBank 1 alliance, with a similar deposit/lending/insurance product suite. While geographically separated, it shares the sparebank model and operates on a similar mid-scale regional banking model relevant for product, margin, and credit-quality benchmarking.
• DNB Bank ASA: DNB is Norway's largest financial services group with a nationwide branch and digital banking franchise spanning retail, SME, corporate, and capital-markets products. It competes directly with Trøndelag Sparebank for household deposits, mortgages, and SME banking in Trøndelag, and serves as the most relevant incumbent competitor on price, digital UX, and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Trøndelag Sparebank