Sparebanken Norge

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.

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

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

• Retail banking services
• Mortgage lending
• Savings accounts
• Banking insurance
• Digital payments

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. Banking Fees and Services: Fees from various banking services including deposits, insurance, and savings products offered through the bank's integrated platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability1 record

Feature1 record

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sparebankennorge
• LinkedInlinkedin.com/company/sparebankennorge

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

Investments

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

Frequently asked questions about Sparebanken Norge