GILDESKÅL SPAREBANK

What GILDESKÅL SPAREBANK does

Gildeskål Sparebank is a local Norwegian savings bank (sparebank) founded in 1879 and headquartered in Inndyr, Gildeskål municipality in Nordland county. The bank operates with 14 employees from a single physical branch and serves retail customers and small businesses primarily within its home municipality, positioning itself as a "stolt lokalbank" with personal advisory relationships and local decision-making authority.

The bank's core products span everyday banking (Dagligbank with current accounts, payment services, credit cards), lending (Boliglån mortgages including youth and green variants, Billån car loans, Forbrukslån consumer loans and refinancing), savings and pensions (Sparekonto, BSU youth housing savings, Fondssparing via Eika, Pensjonssparing), and a full insurance suite distributed through Fremtind Forsikring. Digital delivery is enabled by BankID authentication, mobile and internet banking platforms, Vipps payments, and the Min bolig automated property valuation feature. The bank is a member of the Eika Alliansen, an alliance of 47 local Norwegian banks that provides shared infrastructure, fund products, and insurance access.

The revenue model combines net interest income from lending products, recurring fee income from banking services, commission revenue from Fremtind insurance distribution, and management fees from Eika fund distribution. Mortgage rates start at 6.25% nominal (6.52% effective) within 60% LTV, with youth mortgages from 5.85% nominal within 90% LTV. The bank reported no publicly disclosed financials on its website; financial reporting is filed with Norwegian authorities. As a Norwegian sparebank, ownership is mutual/customer-based rather than shareholder-based, and the bank received recognition for Norway's best banking customer service in 2025 as part of the Eika alliance.

Name

GILDESKÅL SPAREBANK

Legal name

Gildeskål Sparebank

Website

https://gildeskaal-sparebank.no

Company type

Private

Founded year

1879

Operating status

Operating

Headcount range

11–50 employees

Short description

Gildeskål Sparebank is a 14-employee Norwegian savings bank founded in 1879, headquartered in Inndyr, serving retail and small business customers in Gildeskål municipality with everyday banking, lending, savings, and Fremtind-distributed insurance via the Eika Alliansen.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Retail banking services
• Mortgage lending
• Savings accounts
• Consumer loans
• Insurance distribution

Headquarters

HQ city

Inndyr

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest margins on loans including mortgages (boliglån), consumer loans (forbrukslån), car loans (billån), and BSU youth housing savings accounts.
2. Fee Income: Various banking fees including account management, transaction fees, and loan establishment fees.
3. Insurance Products: Commission revenue from insurance products including home insurance (husforsikring), content insurance (innboforsikring), travel insurance (reiseforsikring), cabin insurance (hytteforsikring), and value insurance (verdisaksforsikring). Insurance products are provided through partnership with Fremtind Forsikring.
4. Fund Management: Revenue from managing and distributing Eika funds including equity funds, bond funds, and combination funds. No fees at purchase or sale, but management fees are charged daily to the fund.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Gildeskål Sparebank is a local Norwegian savings bank providing everyday banking, lending (mortgages, car loans, consumer loans), savings (including BSU youth housing savings, savings accounts, and fund savings via Eika), pension planning, and insurance products (home, contents, travel, car, cabin, valuables) distributed through Fremtind Forsikring. The bank combines a physical branch in Inndyr with digital banking via mobile and online platforms secured by BankID authentication. It is part of the Eika Alliansen of 47 local Norwegian banks.

Product overview

Gildeskål Sparebank is a local Norwegian savings bank offering a comprehensive suite of banking, lending, savings, and insurance products through both physical branch and digital channels. The product portfolio centers on core banking services (Dagligbank) including current accounts, payment services, and digital banking via Mobilbank/Nettbank platforms with BankID authentication. Lending products include Boliglån (mortgages with variants for young buyers and green properties), Billån (vehicle loans), and Forbrukslån (personal loans with refinancing options). Savings offerings comprise Sparekonto, BSU (youth housing savings), Fondssparing (investment funds through Eika), and Pensjonssparing. Insurance products are delivered through Fremtind and include Innboforsikring, Husforsikring, Reiseforsikring, Bilforsikring, Hytteforsikring, and specialized Verdisaksforsikring including Bunadsforsikring. The bank is part of the Eika Alliansen of 47 local banks, sharing digital infrastructure and fund management services.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• BSU savings provide up to 2,750 kr annual tax benefit per year
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Eika AlliansencoreStrategic or Co-development PartnerGildeskål Sparebank is part of Eika Alliansen, an alliance of 47 local banks across Norway. The partnership provides access to shared banking technology, fund products (Eika Fond), insurance products, and joint marketing. Eika provides the technological infrastructure and product range while member banks maintain local autonomy and customer relationships.
• Fremtind ForsikringcoreChannel Partner/ Reseller/ DistributorInsurance products including home, contents, travel, cabin, and value insurance are provided through Fremtind Forsikring. Gildeskål Sparebank acts as distribution channel for these insurance products, earning commission revenue. The bank handles customer inquiries and claims support for Fremtind products.
• Aktiv EiendomsmeglingminorGTM or Marketing PartnerPartnership with Aktiv real estate agency for property valuation and real estate services. The bank recommends Aktiv for property valuations and collaborates on mortgage referrals. Aktiv provides property valuation services while the bank provides mortgage financing.
• Avis BilutleieminorGTM or Marketing PartnerCredit card partnership offering up to 20% discount on car rentals with Avis in Norway and internationally. Provides additional value to credit card holders.
• FinansportalenminorGTM or Marketing PartnerPrice comparison platform where Gildeskål Sparebank displays its pricing for comparison with other financial institutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gildesk%C3%A5l-sparebank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 GILDESKÅL SPAREBANK