Sparebanken Norge
Sparebanken Norge is a Norwegian savings bank formed in 2024 by merging Sparebanken Vest and Sparebanken Sør, offering retail and corporate banking, mortgages, insurance, and savings to customers across Norway via digital platforms and a branch network.
- Company typePublic
- Founded2024
- HeadquartersBergen, Norway
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Sparebanken Norge does
Sparebanken Norge is a Norwegian savings bank (sparebank) established in 2024 through the merger of Sparebanken Vest and Sparebanken Sør, building on more than 200 years of combined tradition serving local communities. The bank offers retail and corporate banking, mortgages (including a green mortgage product, Grønt Boliglån, at a 5.45% effective rate), insurance, savings, and pension products, distributed through a physical branch network from Ålesund in the west to Sandefjord in the east, plus a planned Oslo office in 2025. Customers access services through a full digital banking platform (mobile and internet) with digital wallet support (Apple Pay, Google Pay, Samsung Pay), digital mortgage applications with minute-level response times, and a personal advisor reachable via in-person or digital meetings.
The business operates on a community-ownership model: the bank is publicly listed on Oslo Børs (SBNOR) while remaining largely owned by the local communities it serves, with profits distributed through project funding (prosjektmidler) and a customer dividend (Kundeutbytte) programme that pays qualifying depositors and mortgagors when the bank is profitable, subject to annual board approval. Revenue is generated primarily through traditional interest income from mortgage and other lending products, transaction and service fees, and the profit-sharing mechanism. The bank is currently executing an AI and technology transformation programme alongside the merger, targeting modernization, workforce changes, and competitive positioning amid inflationary pressure.
Sparebanken Norge firmographics
Firmographics- Name
- Sparebanken Norge
- Legal name
- Sparebanken Norge
- Website
- https://sbnorge.no
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Sparebanken Norge is a Norwegian savings bank formed in 2024 by merging Sparebanken Vest and Sparebanken Sør, offering retail and corporate banking, mortgages, insurance, and savings to customers across Norway via digital platforms and a branch network.
- Ownership category
- akta.pro rank
Sparebanken Norge industry classification
Industry- Product category
- Retail Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Sparebanken Norge is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Sparebanken Norge business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Traditional banking interest income from mortgage lending (boliglån) and other lending products. The bank offers green mortgages and other loan products to retail and business customers.
- Customer Dividend (Kundeutbytte): Unique profit-sharing model where customers with deposits and/or mortgages may receive customer dividends when the bank generates profits. Subject to annual board and general meeting approval.
- Banking Fees and Services: Fees from various banking services including deposits, insurance, and savings products offered through the bank's integrated platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Green Mortgage (Grønt Boliglån): Effective interest rate 5.45%, NOK 2 million over 25 years, total cost NOK 1,616,272, total amount NOK 3,616,272 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels1 record
Sparebanken Norge product offering
Product offeringCore offering
Sparebanken Norge is a Norwegian savings bank offering retail and corporate banking services, including mortgages (including green mortgages), deposits, savings, insurance, and digital payment services. The bank operates a community-ownership model where profits are shared back with customers through customer dividends (kundeutbytte) and reinvested in local community projects. It serves customers across Norway through digital banking platforms, personal advisory services, and physical branch offices from Ålesund to Sandefjord.
Product overview
Sparebanken Norge is a unified banking platform formed from the merger of Sparebanken Vest and Sparebanken Sør, building on over 200 years of tradition. The bank provides a comprehensive suite of financial services including green mortgages (Grønt Boliglån), personal advisory (Personlig Rådgiver), digital banking solutions, insurance, and savings products—all accessible through physical branches, mobile banking, and online platforms. The bank also operates a unique customer dividend (Kundeutbytte) programme that shares profits with customers who have loans and deposits.
Differentiator
Problem solved
Functional benefit
Products and services
- Grønt Boliglån (Green Mortgage) A green housing loan product offering competitive interest rates for sustainable housing projects. Example pricing: 5.45% effective interest rate, 2 million NOK over 25 years with total cost of 3,616,272 NOK. Targeted at retail and business customers seeking financing for environmentally sustainable real estate.
- Kundeutbytte (Customer Dividend) A profit-sharing programme unique to the savings bank model where customers with loans and/or deposits may receive annual dividends when the bank is profitable. Subject to board and general meeting approval each year, and not guaranteed.
- Bank, Insurance and Savings (Bank, forsikring og sparing) A comprehensive financial services suite combining banking, insurance, and savings products in one place, enabling customers to consolidate their financial needs with a single provider. Targeted at both retail and SME customers across Norway.
- Digital Banking Solutions (Digitale Løsninger) A full-service digital banking platform accessible via mobile app and internet banking, enabling customers to conduct all banking services online including mortgage applications with instant responses, account management, and booking digital meetings with personal advisors. Supports Apple Pay, Google Pay, and Samsung Pay.
Quantifiable outcome
- Customer dividend may be paid to customers with deposits and/or mortgages when bank is profitable
Companies that use Sparebanken Norge
Customer profileSegments2 records
Ideal customer profiles2 records
Sparebanken Norge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability1 record
Feature1 record
Sparebanken Norge partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights5 records
Sparebanken Norge competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Sparebanken Norge social profiles
Digital presenceSparebanken Norge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sparebanken Norge leadership team
Management profileNumber of profiles
Profiles1 record
Sparebanken Norge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sparebanken Norge M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sparebanken Norge
What does Sparebanken Norge do?
Sparebanken Norge is a Norwegian savings bank offering retail and corporate banking services, including mortgages (including green mortgages), deposits, savings, insurance, and digital payment services. The bank operates a community-ownership model where profits are shared back with customers through customer dividends (kundeutbytte) and reinvested in local community projects. It serves customers across Norway through digital banking platforms, personal advisory services, and physical branch offices from Ålesund to Sandefjord.
Is Sparebanken Norge a public or private company?
Sparebanken Norge is a public company. It is classified as public and is currently operating.
When was Sparebanken Norge founded?
Sparebanken Norge was founded in 2024. It employs 1,001 to 5,000 people.
Where is Sparebanken Norge based?
Sparebanken Norge is headquartered in Bergen, Norway, in the Europe region.
How does Sparebanken Norge make money?
Three revenue lines are on record. Interest Income is the primary driver. The others are customer Dividend (Kundeutbytte) and banking Fees and Services.
Does Sparebanken Norge have an API?
No public API is recorded for Sparebanken Norge.
What industry is Sparebanken Norge in?
Sparebanken Norge's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 522180 and its SIC code is 6035.