What Trøgstad Sparebank does

Trøgstad Sparebank is a Norwegian savings bank (sparebank) founded in 1847, operating under a mutual ownership structure in which the bank is owned by its depositors/customers rather than external shareholders. Headquartered in Trøgstad (Skjønhaug) with branches in Askim, Fetsund, and Ski, the bank serves retail customers, small and medium-sized enterprises, agricultural clients, and young adults across Indre Østfold and Follo in Norway. The bank employs approximately 30 people across its four locations and is led by Managing Director Lars André Dingstad-Eriksen.

The bank operates on the shared Eika Alliance digital banking platform, which connects approximately 47 independent Norwegian savings banks and provides mobile and netbank infrastructure, fund products (Eika Kapitalforvaltning), insurance intermediation (Eika Forsikring), and pension products (Eika Innskuddspensjon). Its product set spans daily banking (current accounts, credit cards, Vipps payments), lending (mortgages from 4.99% nominal for youth/green products, consumer loans at 13.7% nominal via Kredittbanken ASA, car loans, business loans, overdrafts), savings and investments (deposit accounts, BSU at 6.25% for ages 18-33, fund savings, Mikrospar round-ups), and pensions (EPK, IPS, occupational schemes). Its differentiating concept is "Veksthuset" — a co-located advisory hub combining banking with accounting (Eika Økonomi, Online Accounting AS), legal (Smaalenenes Advokatkontor), and HR/recruitment (People4you AS), now operating in all four branch municipalities.

Revenue is generated primarily through net interest income on the lending book, supplemented by commission and fee income (account maintenance, payment transactions, card annual fees, loan establishment fees), insurance intermediation commissions, and recurring fund and pension management fees. Distribution is relationship-driven through physical branches and the Veksthuset hubs, augmented by digital self-service (Eika mobilbank app, online onboarding via BankID) and inside sales via a customer center open until 21:00 daily. The bank has been recognized as Norway's best customer service in banking (KSIndeks 2025) and as a branch winner of Norsk Kundebarometer 2026. In May 2026, Trøgstad Sparebank signed an intention agreement to merge with Berg Sparebank, a consolidation move that would materially expand its combined footprint.

Name

Trøgstad Sparebank

Legal name

Trøgstad Sparebank

Website

https://tsbank.no

Company type

Private

Founded year

1847

Operating status

Operating

Headcount range

11–50 employees

Short description

Trøgstad Sparebank is a 1847-founded Norwegian mutual savings bank operating four branches in Indre Østfold and Follo, serving retail, SME, agricultural, and youth customers with mortgages, loans, deposits, insurance, pensions, and fund products on the Eika Alliance platform, plus co-located Veksthuset advisory hubs.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218), Credit Unions (522130)

SIC

Savings Institutions, Not Federally Chartered (6036), Functions Related To Depository Banking, Nec (6099), Personal Credit Institutions (6141)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Private Banking Custody, Depository & Safekeeping Services (FSABADAI)

Keywords

• Retail banking services
• Mortgage lending
• Commercial lending
• Insurance intermediation
• Savings and pensions

Headquarters

HQ city

Tronstad

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net interest income: The primary revenue driver: interest earned on lending (mortgages, consumer loans, car loans, business loans) minus interest paid on deposits. Loan products include Boliglån (mortgage), Forbrukslån (unsecured), Billån (car loans), Bedriftslån (business loans), and Kassekreditt (overdrafts). Interest rate spreads are managed against reference rates (e.g., mortgage nominal from 5.59%, green mortgage from 5.59%, consumer loan nominal 13.7%).
2. Commission and fee income: Fees from account maintenance, payment transactions (e.g., 2 kr per netbank payment with KID), card annual fees (e.g., Visa Classic 295 kr/yr), ATM withdrawals, foreign currency transactions, and account statements. Also includes arrangement/establishment fees on loans (e.g., mortgage establishment from 4,000 kr, car loan establishment 3,000 kr).
3. Insurance intermediation: The bank acts as an insurance intermediary, offering property, casualty, travel, pet, and vehicle insurance products. Commission revenue is earned on each policy sold and renewed. The bank employs dedicated insurance advisors across personal and business lines.
4. Fund and pension management fees: The bank offers fund savings (fondssparing), BSU (youth housing savings), and pension products through Eika Kapitalforvaltning. Management fees on pension profiles range from 0.35% (Forsiktig) to 0.7% (Aksjer/Livssyklus). Individual pension accounts (Eika EPK) and occupational pension (Eika Innskuddspensjon) generate ongoing fee income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Trøgstad Sparebank is a Norwegian local savings bank offering full-service banking across personal and business segments. The bank provides daily banking (accounts, cards, mobile/netbank, Vipps payments), lending (mortgages, car loans, consumer loans, business loans), savings and investments (deposit accounts, BSU youth savings, fund investments), pension products (individual and occupational), and insurance intermediation through the Eika alliance. It differentiates through personal advisor relationships and a co-located Veksthuset advisory hub model combining banking, accounting, legal, and recruitment services.

Product overview

Trøgstad Sparebank is a Norwegian local savings bank offering a comprehensive, integrated banking platform across personal and business segments. The core product portfolio spans daily banking (accounts, cards, payments via mobile banking, online banking, and Vipps), lending (mortgages including green and first-time buyer products, car loans, consumer loans, business loans), savings and investment (deposit accounts, BSU youth housing savings, fund investments, micro-savings via Mikrospar), and pensions (individual pension accounts EPK and IPS, occupational innskuddspensjon). Insurance products are distributed through the Eika alliance. Key differentiating services include Veksthuset (a physical growth hub co-locating banking, accounting, legal, and recruitment advisory), Helhetlig økonomisk rådgivning (holistic advisory), and a digitally integrated Eika Regnskap accounting module within the online banking platform. The bank operates as part of the Eika alliance, which provides fund management (Eika Kapitalforvaltning), insurance products, and shared technology infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Veksthuset: Collaborative business hub concept bringing together multiple competence companies under one roof for holistic business advisory services.
• Veksthuset Ski
• Veksthuset Askim

Products and services

• Mobilbank og nettbank (Mobile and Online Banking) Digital banking platform enabling customers to manage accounts, payments, transfers, and savings via mobile app (Eika Mobilbank) and web browser. Supports BankID authentication, loan applications, payment scheduling, budget tracking, and document storage.
• Kontoer (Bank Accounts) Range of deposit accounts including Lønnskonto (salary), Sparekonto (savings), Plasseringskonto (investment), Kapitalkonto, Depositumskonto, Juniorkonto, Ungdomskonto, and Brukskonto. Interest rates vary by account type and balance tier.
• Kredittkort (Credit Cards) Credit card products including Eika Kredittkort (retail, nominal rate 23.46%, effective 26.2%, annual fee 295 kr) and Eika Bedrift Kredittkort (business). Supports Apple Pay, Google Pay, and Vipps integration.
• Boliglån (Mortgage) Home loan products including Boliglån for unge (BLU - youth mortgage from 4.99%), Grønt boliglån (green mortgage from 5.59% nominal), Grønt rehabiliteringslån (green renovation loan), Ordinært boliglån (standard mortgage from 5.59% nominal), and Rammelån (revolving credit facility).
• Billån (Car Loan) Vehicle financing including standard car loan (from 6.25% nominal with 35%+ equity), green car loan (from 6.05% nominal), and Kaskofritt billån. Covers cars, MC, bobil, ATV, and snøscooter.
• Forbrukslån (Consumer Loan) Unsecured personal loan delivered in partnership with Kredittbanken ASA. Nominal rate 13.7%, effective 16.6%. Up to 300,000 kr online, up to 500,000 kr with advisor guidance. Includes refinancing for existing consumer debt.
• BSU (Boligsparing for ungdom - Youth Housing Savings) Tax-advantaged housing savings account for individuals aged 18-33. Features a 6.25% interest rate for customers using the bank as primary bank (hovedbank), with lower rate (1.00%) for those over 34. No establishment or depository fees.
• Fondssparing (Fund Investment) Fund-based investment products managed by Eika Kapitalforvaltning including Eika Aksjer, Eika Global, Eika Norge, Eika Norden, Eika Utbytte, Eika Obligasjon, Eika Kreditt, and Eika Sparebank funds.
• Egen pensjonskonto (EPK - Private Pension Account) Consolidated private pension account (Eika Selvvalgte) aggregating pension capital from multiple employers into one account. Offers selectable risk profiles including Eika 100% Aksjer, Eika Livssyklus, Eika Moderat, and Eika Forsiktig 100% Renter. Management fees range from 0.35% to 0.7%.
• Innskuddspensjon (Occupational Pension) Employer-provided defined contribution pension scheme (Eika Innskuddspensjon). Contributions invested in Eika fund profiles (Eika Pensjon 30, 55, 80, 100) managed by Eika Kapitalforvaltning. Includes disability insurance and automatic de-risking from age 57. Tiered management fees from 0.40% to 0.95%.
• Individuell pensjonssparing (IPS - Individual Pension Savings) Tax-advantaged individual pension savings product. Annual savings limit of 25,000 kr with up to 22% tax deduction (up to 5,500 kr). Funds locked until age 62 with minimum 10-year payout period. No wealth tax on IPS savings.
• Mikrospar (Micro-savings) Micro-savings feature that rounds up card purchases and deposits the difference into a savings account. Integrated within the bank's digital banking platform and managed through the Smartspar app.
• Forsikring (Insurance) Insurance products distributed through Eika Forsikring covering personal lines (car, home, contents, travel, pet/horse, child insurance) and business lines (enterprise, vehicle, agriculture). Earns commission revenue on each policy sold and renewed.
• Bedriftskontoer (Business Accounts) Business deposit accounts with tiered interest rates based on balance. Includes Kapitalkonto bedrift and Plasseringskonto bedrift with rates varying from 2.75% to 4.15% depending on balance and account type.
• Bedriftslån (Business Loans) Business financing products including Næringslån, Byggelån (construction loan), Kassekreditt (overdraft facility), Bankgaranti (bank guarantee), Factoring, and Leasing. Offered on an individually assessed basis.
• Veksthuset (Growth Hub Advisory Service) Collaborative advisory hub concept bringing banking, accounting (Eika Økonomi, Online Accounting AS), legal (Smaalenenes Advokatkontor), and HR/recruitment (People4you AS) services under one roof. Provides holistic financial and business advisory for both personal and business customers. Locations include Veksthuset Askim (since 2022), Ski (since 2024), Fetsund (since Oct 2024), and Trøgstad.
• Helhetlig økonomisk rådgivning (Holistic Financial Advisory) Comprehensive financial advisory service for both personal and business customers covering budgeting, savings, investments, loans, insurance, and retirement planning. Includes specialized advisory for agriculture, construction, real estate, and trade/service sectors.
• Eika Regnskap (Accounting) Integrated accounting software accessible directly within the bank's online banking platform. Provides full financial control and overview, supports dual approval workflows, and integrates with the bank's payment and transaction systems. Priced at 189 kr/month for associations/clubs.

Quantifiable outcome

• Customer satisfaction score of 78.2 and loyalty score of 85.5 (Norsk Kundebarometer 2026)
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Berg SparebankcoreStrategic or Co-development Partner · 1 May 2026Berg Sparebank and Trøgstad Sparebank signed an intent agreement (intensjonsavtale) to explore a potential merger (sammenslåing) of the two banks. The boards agreed to proceed with merger negotiations, subject to regulatory and shareholder approvals. This would represent a significant consolidation in the regional Norwegian savings bank sector.
• Eika (Eika Alliance)coreStrategic or Co-development PartnerEika is an alliance of approximately 47 independent Norwegian savings banks. Trøgstad Sparebank operates under the Eika brand for digital banking infrastructure (mobile app, netbank), investment funds (Eika Kapitalforvaltning), pension products (Eika Innskuddspensjon), insurance (Eika Forsikring), and shared marketing. The alliance enables smaller banks to offer competitive products comparable to large banks while maintaining local identity.
• Eika Økonomi ØstcoreImplementation/ SI/ Consulting PartnerEika Økonomi provides accounting and bookkeeping services integrated into the bank's Veksthuset advisory model. Located at Veksthuset Askim, they offer holistic financial advice and modern accounting services for business customers, complementing Trøgstad Sparebank's lending and banking products.
• People4you ASminorStrategic or Co-development PartnerPeople4you AS is a recruitment and staffing company established in 2006 with headquarters in Askim, present in Ski since 2012. They joined the Veksthuset Ski hub prior to its opening, expanding the advisory breadth of the co-location model to include HR and recruitment services.
• Online Accounting ASminorImplementation/ SI/ Consulting PartnerOnline Accounting AS is part of the Veksthuset Ski hub, providing accounting services alongside the bank's advisory team. Supports the bank's 'Bank + Regnskap' (Bank + Accounting) value proposition for small business customers.
• Smaalenenes AdvokatkontorminorImplementation/ SI/ Consulting PartnerA local law firm located at Veksthuset Ski, providing legal advisory services to the bank's business and retail customers. Part of the holistic advisory ecosystem at the Ski hub.
• Fet ILminorGTM or Marketing PartnerTrøgstad Sparebank is the main sponsor (generalsponsor) of Fet Idrettslag (Fet IL), a local sports club. The partnership includes the 'Sammen om Fetsund' initiative (2025) celebrating both Fet IL's 125th anniversary and the bank's 25th year in Fetsund, supporting sports activities and community events for all ages.
• VippscoreTechnology or IntegrationVipps is a Norwegian mobile payment platform (owned jointly by Nordic banks) integrated into Trøgstad Sparebank's offering. The bank offers Vipps Tæpp (contactless mobile payment), Vipps regular transfers, and Vipps for Business (payment acceptance for merchants). Trøgstad Sparebank is a co-owner of Vipps.
• Kredittbanken ASAcoreTechnology or IntegrationKredittbanken ASA provides unsecured consumer loans and refinancing products (Forbrukslån, Refinansiering) distributed through Trøgstad Sparebank. The bank's website clearly discloses that these loan products are delivered by Kredittbanken ASA under the Eika partnership.
• Eika Kapitalforvaltning AScoreTechnology or IntegrationProvides investment fund products (Eika Aksjer, Eika Obligasjon, Eika Kreditt) and pension profile management for the bank's savings and pension product range (Eika EPK, Eika Innskuddspensjon). Funds are distributed exclusively through Eika member banks.

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Hønefoss Sparebank: Eika Alliance savings bank operating in Ringerike with comparable retail/SME product mix. Closely comparable in scale and operating model, providing a relevant peer for performance benchmarking.
• SpareBank 1 Østfold Akershus: Regional savings bank in the SpareBank 1 alliance serving the same Østfold/Akershus geography. Competes head-to-head for retail deposits, mortgages, and SME banking with a larger branch network and SpareBank 1 group backing.
• Sparebanken Øst: Independent Norwegian savings bank serving the Østfold region with full-service retail and business banking. Closest direct competitor in Trøgstad Sparebank's core geography with overlapping mortgage, SME, and savings product offerings.
• Berg Sparebank: Norwegian savings bank currently engaged in a merger intent agreement with Trøgstad Sparebank. Operates in an adjacent regional footprint with the same Eika Alliance infrastructure and comparable product mix. Direct peer and forthcoming combination partner.
• Andebu Sparebank: Small Eika Alliance member bank in Vestfold with a similar full-service local savings bank model. Useful peer for benchmarking Eika member economics, branch productivity, and growth profile.

Broad incumbents

• DNB Bank: Norway's largest financial services group, offering the full suite of retail, corporate, and capital markets products. Broad incumbent that sets the competitive benchmark for pricing, digital capabilities, and product breadth in the Norwegian market.
• Storebrand Bank: Norwegian financial group combining retail banking with pension, insurance, and asset management. Comparable to Trøgstad Sparebank in pension/fund distribution and a broader incumbent in savings products.
• SpareBank 1 Sør-Norge (SR-Bank): Largest SpareBank 1 alliance bank and a major Norwegian retail/SME lender. Broad incumbent that competes with Trøgstad Sparebank on mortgages and SME banking across its southern Norway footprint.

Others

• Eika Kapitalforvaltning: Asset management arm of the Eika Alliance that manages the funds and pension profiles distributed exclusively through Eika member banks including Trøgstad Sparebank. Ecosystem participant enabling Trøgstad's investment and pension product offering.

Emerging players

• Kredittbanken ASA: Niche Norwegian consumer and refinancing lender that already partners with Trøgstad Sparebank to deliver Forbrukslån products. Emerging player in unsecured consumer lending distributed through bank partners and direct channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/trogstadsparebank
• Instagraminstagram.com/trogstadsparebank

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Trøgstad Sparebank