Nidaros Sparebank

What Nidaros Sparebank does

Nidaros Sparebank is a Norwegian savings bank (sparebank) founded in 1859 and headquartered in Klæbu, Norway, with additional presence in Trondheim city center. It serves private individuals and small-to-medium businesses (including agricultural customers) in the Trondheim/Klæbu catchment, offering a full-stack banking proposition: deposit accounts (including tax-advantaged BSU for under-34s), housing and consumer loans (including a green/Grønt boliglån), credit lines, leasing, bank guarantees, payment cards, investment funds, pension products, and insurance distribution. The bank also issues equity certificates (egenkapitalbevis) traded on Oslo Børs under ISIN NO0010733082, giving investors direct ownership exposure — a structure typical of Norwegian sparebanker.

The technology stack is a standard regulated-banking architecture: a netbank and mobile bank front-end, BankID-based authentication and signing, Mastercard payment processing, BankAxess and Bankintegrasjon for corporate clients, Nets for after-hours card/BankID blocking, and PSD2-compliant APIs built on Berlin Group/STET standards enabling third-party providers to access account information and initiate payments. The bank operates a relationship-led go-to-market model through its branches, personal advisors, and a content/webinar engine covering fraud prevention, macroeconomic outlooks, and personal finance; it also runs educational topic pages in partnership with Nylander & Partners (real estate) and Justify (legal documents).

The revenue model is diversified across net interest income on the lending book (mortgages, consumer loans, SMB credit, leasing via Brage Finans), transaction fees on payments, cards, and equity certificate trading (0.3% kurtasje, NOK 350 minimum), commission from Frende insurance distribution, and securities/investment services routed through Norne Securities. As a sparebank, Nidaros Sparebank also fulfills a community role through its gift fund and local sustainability commitments, including Miljøfyrtårn certification (2021) and UN Principles for Responsible Banking / Net Zero Banking Alliance membership (March 2024).

Name

Nidaros Sparebank

Legal name

Nidaros Sparebank

Website

https://nidaros-sparebank.no

Company type

Public

Founded year

1859

Operating status

Operating

Headcount range

11–50 employees

Short description

Nidaros Sparebank is a ~165-year-old Norwegian savings bank headquartered in Klæbu/Trondheim, serving retail and SMB customers with deposits, mortgages, loans, insurance distribution, pensions, and payment services, and trading equity certificates on Oslo Børs.

Ownership category

akta.pro rank

Product category

Retail and Savings Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

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

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)

Keywords

• Retail banking services
• Mortgage lending
• Business banking
• Savings accounts
• Insurance distribution

Headquarters

HQ city

Klæbu

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, Others

Revenue model

1. Interest Income: Interest earned from lending activities including mortgages (boliglån), consumer loans (forbrukslån), business loans, and other credit products
2. Commission and Fee Income: Fees from payment services, card transactions, account services, insurance products, and investment services
3. Insurance Distribution: Commission income from sale of insurance products through partnerships with Frende Forsikring and other insurers
4. Securities Trading: Revenue from equity certificate (egenkapitalbevis) trading facilitation and investment services including funds and stocks
5. Leasing and Financing: Income from leasing arrangements and other business financing services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Nidaros Sparebank is a Norwegian savings bank providing a full range of retail and business banking products to private individuals, small and medium-sized businesses, and agricultural clients in the Trondheim region. Core offerings include mortgages, consumer loans, savings accounts, BSU housing savings for youth, mutual funds and equity trading, pension products, payment cards, insurance distribution through Frende, business loans, leasing, occupational pensions, and bank guarantees. The bank operates through branches in Klæbu and Trondheim, complemented by a digital banking platform and personal advisors.

Product overview

Nidaros Sparebank is a regional savings bank offering a comprehensive suite of banking products and services for both private individuals and businesses in the Trondheim region. The core banking platform (Nett- og mobilbank) provides digital access to accounts, payments, and financial management. The product portfolio includes deposit products (Sparekonto, BSU), lending products (Boliglån including Grønt boliglån for green properties, Forbrukslån, Kassekreditt, Leasing), and investment services (Fond og aksjer, Pensjon). Insurance products are offered through Frende Forsikring, while legal services are provided via Justify. For businesses, the bank offers corporate banking services including Bankintegrasjon, innskuddspensjon through Nordea Liv, and agricultural insurance. The bank also offers equity certificates (Egenkapitalbevis) traded on Oslo Stock Exchange, providing investors ownership in the bank with dividend rights. Real estate brokerage services are available through partnership with Nylander & Partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Nett- og mobilbank (Net Bank and Mobile Banking) Digital banking platform providing customers access to accounts, payments, transfers, and financial management through web and mobile applications for both private and business customers.
• Bank- og kredittkort (Bank and Credit Cards) Payment cards including Visa/debit cards and credit card products for private and business customers, with processing handled through Mastercard Payment Services.
• Boliglån (Housing Loans) Mortgage loans for residential property purchases, including standard housing loans, housing loans for young customers (Boliglån for unge), and green housing loans (Grønt boliglån) for environmentally friendly properties. Also covers loans for boats and vehicles.
• Forbrukslån og refinansiering (Consumer Loans and Refinancing) Unsecured personal loans and debt consolidation services for private customers.
• Sparekonto (Savings Accounts) Savings account products including regular savings accounts, fixed-rate deposits, and deposit accounts for rental situations.
• BSU - Boligspar ung (Housing Savings for Youth) Tax-advantaged housing savings account for young people under 34 years old with government matching contributions.
• Fond og aksjer (Funds and Stocks) Investment products including mutual funds and equity trading through integration with Norne Securities.
• Pensjon (Pension Savings) Pension savings products including individual pension accounts and retirement planning services for private customers.
• Forsikring (Insurance Distribution) Insurance products distributed through partnership with Frende Forsikring, including home, travel, vehicle, pet, life, and health insurance for private customers.
• Juridiske tjenester (Legal Services) Legal document services provided through partner Justify, including cohabitation agreements (samboerkontrakt) and wills (testament), secured by lawyers at affordable prices.
• Kassekreditt (Credit Line/Overdraft) Revolving credit facility for businesses providing flexible access to working capital.
• Leasing Equipment and vehicle leasing services for business customers offered through partnership with Brage Finans.
• Bankgaranti (Bank Guarantee) Bank guarantee products for business customers to secure contractual obligations.
• Innskuddspensjon (Occupational Pension / OTP) Mandatory occupational pension (OTP) services for businesses offered through partnership with Nordea Liv Norge.
• Landbruksforsikringer (Agricultural Insurance) Specialized insurance products for agricultural businesses and farms.
• Egenkapitalbevis (Equity Certificates) Equity certificates (egenkapitalbevis) representing ownership in the bank, listed on Oslo Stock Exchange under ISIN NO0010733082 and traded through Norne Securities. Provides dividends and voting rights proportional to ownership, with a kurtasje fee of 0.3% per trade (minimum NOK 350 for both buyer and seller).
• Eiendomsmegling (Real Estate Brokerage) Real estate brokerage services for property sales and purchases, offered through partnership with Nylander & Partners.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Frende Livsforsikring AScoreChannel Partner/ Reseller/ DistributorInsurance partner providing life and health insurance products distributed through the bank
• Frende Skadeforsikring AScoreChannel Partner/ Reseller/ DistributorInsurance partner providing property and casualty insurance products including car, boat, home, and pet insurance
• Brage Finans AScoreChannel Partner/ Reseller/ DistributorFinancing partner providing leasing and equipment financing solutions for business customers
• Norne Securities AScoreChannel Partner/ Reseller/ DistributorSecurities firm facilitating trading of equity certificates (egenkapitalbevis) with 40 employees, owned by 14 savings banks with NOK 220 billion in combined assets under management, serving 70 affiliated banks with access to 1.6 million customers
• Livsforsikringsselskapet Nordea Liv Norge ASminorChannel Partner/ Reseller/ DistributorPension and life insurance partner providing occupational pension products for business customers
• Kredittbanken ASAminorChannel Partner/ Reseller/ DistributorCredit card services provider offering credit cards through the bank's distribution channels
• Justify ASminorStrategic or Co-development PartnerLegal services partner providing digital legal documents including cohabitation agreements and wills at affordable prices, secured by lawyers
• Nylander & PartnersminorStrategic or Co-development PartnerReal estate brokerage partner integrated into the bank's topic pages for property-related services

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Handelsbanken Norge: Branch of Swedish bank offering relationship-based banking to Norwegian retail and business customers. Comparable full-service retail/SMB product positioning though with broader Nordic footprint.
• DNB Bank: Largest Norwegian bank and the dominant full-service retail/SMB bank nationwide. Competes with Nidaros for both retail and business deposits, lending, and insurance distribution in the Trondheim region.
• Nordea Bank Norge: Branch of major Nordic bank with full retail, SMB, and corporate banking in Norway; partner source for occupational pension products (Nordea Liv) distributed via Nidaros. Directly overlaps in deposit and lending products.

Direct peers

• Sparebanken Øst: Small-cap Norwegian savings bank with egenkapitalbevis listed on Oslo Børs, serving a defined regional market. Comparable in size tier, savings-bank governance, and retail/SMB product focus.
• Sparebanken Vest: Regional Norwegian savings bank with publicly traded egenkapitalbevis on Oslo Børs. Closely comparable product mix (deposits, mortgages, business banking, insurance distribution) and savings-bank governance model.
• Sparebanken Nord-Norge: Regional Norwegian savings bank with egenkapitalbevis on Oslo Børs, retail and corporate banking plus insurance distribution. Direct comparable in business model, listing structure, and Norwegian savings-bank regulation.
• SpareBank 1 SR-Bank: Larger Norwegian savings bank with equity-certificate listing on Oslo Børs; SpareBank 1 alliance leader. Comparable in product breadth, but operates at meaningfully larger scale than Nidaros.
• SpareBank 1 Sør-Norge: Norwegian savings bank with egenkapitalbevis listed on Oslo Børs; member of the SpareBank 1 alliance like other regional savings banks. Most directly comparable in terms of savings-bank governance, equity-certificate capital structure, and Norwegian retail/SMB focus.
• Sparebanken Sør: Norwegian savings bank with equity certificates on Oslo Børs, focused on retail and SMB banking in southern Norway. Highly comparable in scale segment, product breadth, and sparebank capital/governance structure.

Emerging players

• Sbanken (Sbank ASA): Norwegian digital-only challenger bank recently acquired by DNB, offering mobile-first deposits and consumer loans. Competes for the same Trondheim retail segment as Nidaros but on a pure-play digital model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nidarossparebank

Compliance5 records

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 Nidaros Sparebank