Hjelmeland Sparebank

Name

Hjelmeland Sparebank

Legal name

Rogaland Sparebank

Website

https://hjelmeland-sparebank.no

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

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

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
• Home mortgage lending
• Personal loans
• Savings accounts
• Business banking

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Distribution channels3 records

Marketing channels2 records

Core offering

Hjelmeland Sparebank operates as a regional Norwegian savings bank (part of Rogaland Sparebank) delivering daily banking, lending, insurance, and savings/pension products to private and business customers in Rogaland county. The bank operates through multiple branch locations across Rogaland and digital channels including mobile and online banking. Its product suite spans accounts and payment services, mortgages, car and consumer loans, green energy loans, insurance, fund and pension savings, plus a customer dividend program (kundeutbytte).

Product overview

Hjelmeland Sparebank operates as a regional savings bank offering a comprehensive suite of banking products organized into four main categories: Dagligbank (daily banking services including current accounts, payment services, mobile banking, BankID, and Vipps), Lån (lending products including home mortgages like the Boliglån 55% special offering, auto loans, personal loans, and green energy loans), Forsikring (insurance products for vehicles, homes, travel, and pets), and Sparing og pensjon (savings and pension products including deposit accounts, BSU, fund investments, and Smartspar automated investing). The bank also operates a customer dividend program (Kundeutbytte) that returns profits to customers. All services are accessible through physical branch locations and digital channels including mobile and online banking.

Differentiator

Problem solved

Functional benefit

Products and services

• Dagligbank Core daily banking services providing current accounts, payment services such as AvtaleGiro and eFaktura, bank cards, credit cards, and mobile/online banking access for private customers and businesses.
• Mobilbank og nettbank Mobile and online banking platform that enables private and business customers to manage accounts, make payments, transfer funds internationally, and access account services digitally.
• Bankkort Debit and credit card services including Visa and Mastercard products offered for everyday purchases and cash withdrawals to private and business customers.
• Kredittkort Credit card product providing flexible repayment options and credit facilities for personal and business customers.
• Boliglån Home mortgage loans for residential property purchases with up to 30 years repayment period and options for payment-free periods, available to private customers.
• Boliglån 55% Special home mortgage product up to 55% loan-to-value offering favorable interest rates, up to 30 years repayment period, and option for payment-free periods, marketed as a new offering on the bank's homepage.
• Billån Auto loans to finance the purchase of new or used vehicles for private customers.
• Forbrukslån Unsecured personal loans for various consumer purposes including refinancing of existing debt, available to private customers.
• Grønt energilån Green energy loans to finance sustainable home improvements such as heat pumps and solar panels for private customers.
• Forsikring Insurance products covering vehicles, home and contents, travel, children, and pets for private customers, with claims handling and a 24/7 emergency line.
• Banksparing Bank savings accounts including regular deposit accounts, BSU first-home savings, and microsaving options for private customers.
• Fondssparing Fund-based investment savings including regular fund savings, dedicated children's fund savings, and the Smartspar automated investment service for private customers.
• Pensjonssparing Pension savings products for long-term retirement planning offered to private customers.
• Kundeutbytte Customer dividend (kundeutbytte) program under which the savings bank distributes a share of its profits back to its customers; a record payout was reported for 2025.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• EikacoreStrategic or Co-development PartnerRogaland Sparebank is described as 'En lokalbank i Eika' - part of the Eika banking alliance, which provides shared services, technology, and product offerings for regional savings banks in Norway.
• Bate-samarbeidminorChannel Partner/ Reseller/ DistributorPartnership for Bate (likely a sports club sponsorship/involvement) - mentioned under loan products as 'Bate-samarbeid'
• BankIDcoreTechnology or IntegrationBankID integration for secure authentication and signing services for all banking customers
• VippscoreTechnology or IntegrationVipps mobile payment integration for customers to make payments and transfers

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Bulder Bank: Norwegian digital-only bank (part of SpareBank 1 alliance) offering savings and consumer loans. Comparable to Rogaland Sparebank's target segment but with a fundamentally different, lower-cost digital delivery model.
• Bank Norwegian: Norwegian digital bank offering credit cards, deposits, and consumer loans. Competes for the same Norwegian retail deposit and consumer-credit demand as Rogaland Sparebank, with a digital-only cost structure.
• Sbanken (now part of DNB): Norwegian digital challenger bank offering deposits, mortgages, and consumer loans through a pure-play digital platform. Represents the digital-first competitive threat Rogaland Sparebank faces for younger, more digital-native Norwegian customers.

Broad incumbents

• DNB Bank ASA: Norway's largest financial services group and dominant retail/corporate bank. Operates broadly across all of Norway (including Rogaland) and competes directly with Rogaland Sparebank for both private and business customers, but with vastly larger scale and product breadth.

Direct peers

• Sparebanken Vest: Regional savings bank serving Vestland county on Norway's west coast. Closely comparable Norwegian regional sparebank with similar product suite (deposits, mortgages, insurance), Eika/SpareBank 1 alliance participation, and mutual ownership structure.
• Storebrand Bank: Norwegian bank (part of Storebrand Group) offering deposits, mortgages, and digital banking. Comparable in offering a full retail banking product set in Norway, with similar mortgage-led business model, though operating nationally.
• Sparebanken Sør: Regional savings bank headquartered in Kristiansand serving southern Norway. Direct comparable as another independent Norwegian sparebank with comparable product offering, customer base mix, and alliance alignment.
• Sparebanken Øst: Regional savings bank in eastern Norway. Similar sparebank model with retail and business banking, mortgage focus, and mutual customer ownership — directly comparable in scale, products, and go-to-market.
• SpareBank 1 SR-Bank: The other major savings bank headquartered in Rogaland (Stavanger). Closest direct peer — operates in the same regional market with overlapping private and business banking products, mortgage lending, and similar Eika/SpareBank 1 alliance heritage.

Others

• Eika Gruppen: Alliance/grouping of independent Norwegian savings banks providing shared technology, products, and infrastructure. Rogaland Sparebank is an explicit member ('En lokalbank i Eika'); not a competitor but a strategic dependency and ecosystem participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hjelmeland-sparebank-asa

Revenue estimate

Valuation estimate

Number of profiles

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 Hjelmeland Sparebank