SpareBank 1 SR-Bank

What SpareBank 1 SR-Bank does

SpareBank 1 SR-Bank is a Norwegian savings bank headquartered in the Rogaland region, founded in 1839 and operating as part of the multi-bank SpareBank 1 alliance. The bank serves retail consumers, small and medium-sized enterprises, and corporate clients across Southwest Norway, offering traditional banking products including deposits, lending, payments, and related financial services. It is classified in the firmographic data as a financial technology company, indicating positioning that incorporates digital banking capabilities alongside its conventional savings bank operations. SpareBank 1 SR-Bank is publicly listed under ticker B4M1 and employs between 5,001 and 10,000 people. Leadership rests with CEO Benedicte Fasmer.

The bank's revenue base has grown over the 2021–2025 period reported in the input, with operating income and net income scaling proportionally — a pattern consistent with net interest margin expansion, loan portfolio growth, or fee income growth typical of regional Norwegian banks. Alliance membership in SpareBank 1 provides shared technology infrastructure, branding, and a national distribution footprint that exceeds SR-Bank's standalone geographic reach. The bank's public listing status supports access to capital markets and equity capital management.

From a go-to-market perspective, the bank pursues a regional relationship-banking model anchored in Southwest Norway, supplemented by digital channels through the SpareBank 1 alliance platform. Revenue mechanics are driven primarily by net interest income on lending activity, complemented by fee-based services. Geographic concentration in Rogaland ties the franchise to the regional economy, while the alliance structure mitigates some concentration risk through product and distribution sharing with peer banks.

Name

SpareBank 1 SR-Bank

Website

https://sparebank1.no

Company type

Private

Founded year

1839

Headcount range

5,001–10,000 employees

Short description

SpareBank 1 SR-Bank is a Norwegian regional savings bank, founded in 1839 and publicly listed, serving retail and commercial customers in Southwest Norway through the SpareBank 1 alliance with 5,001–10,000 employees.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

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

SIC

Savings Institutions, Not Federally Chartered (6036)

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
• Savings accounts
• Commercial lending
• Payment services
• Digital banking

Headquarters

HQ city

Norge

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Core offering

SpareBank 1 SR-Bank is a Norwegian savings bank that provides retail and commercial banking products and services, including deposit accounts, loans, and payment solutions, to consumer and business customers. It operates as part of the SpareBank 1 banking alliance and distributes its services through digital channels and a branch network.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Regional players

• Storebrand ASA: Norwegian financial group with banking, insurance, and asset management; comparable Norwegian customer base and overlapping retail financial services.

Emerging players

• Klarna Bank AB: European fintech challenger operating consumer credit and payments; relevant given SpareBank 1 SR-Bank's self-described fintech positioning and the competitive threat in retail lending.

Broad incumbents

• Handelsbanken: Swedish bank with established branch network in Norway offering retail and corporate banking; comparable product set though operated from a Swedish parent.
• SEB AB: Major Nordic bank with corporate and investment banking operations in Norway; broad incumbent serving similar corporate and wealth management customers.
• Nordea Bank Abp: Largest Nordic financial group with significant Norwegian retail and corporate banking presence; broader geographic footprint but directly competing for the same Norwegian customers.

Direct peers

• SpareBank 1 SMN: Another SpareBank 1 alliance member serving central Norway with the same mutual savings bank structure and shared product platform, providing near-identical operational comparability.
• DNB Bank ASA: Norway's largest financial services group, offering retail, corporate, and investment banking across the same Norwegian market as SpareBank 1 SR-Bank. Directly comparable in scale and product breadth.
• SpareBank 1 Nord-Norge: Sister bank within the SpareBank 1 alliance serving northern Norway; shares brand, technology platform, and product suite with SpareBank 1 SR-Bank, making it the closest direct comparable.
• Sparebanken Vest: Norwegian regional savings bank with similar mutual savings bank structure and retail/corporate banking focus, particularly on Norway's west coast.
• SpareBank 1 Østlandet: Alliance member in eastern Norway operating under the same SpareBank 1 brand and shared infrastructure; directly comparable in business model and customer mix.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/srbank
• Facebookfacebook.com/srbank
• LinkedInlinkedin.com/company/sparebank-1

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

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SpareBank 1 SR-Bank