Top 10 Largest Banks in Norway
Norway is known for its strong and stable banking sector, with several prominent financial institutions operating within the country. In this article, we will ... read more...explore some of the largest banks in Norway and their significance in the nation's economy.
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DNB ASA (previously DnB NOR ASA) is Norway's largest financial services business, with more than NOK 1.9 trillion in total assets and a market capitalization of NOK 164 billion as of 20 May 2016. DNB's headquarters are in Oslo.
The Norwegian Ministry of Trade and Industry owns 34.0 percent of DNB, while Sparebankstiftelsen DnB NOR owns 10.0%. The latter was established as a foundation with the sole intention of acquiring a stake in the company. It was established when Gjensidige NOR became a public limited company in order to ensure that the firm's customers retained a portion of the company's ownership. The foundation can additionally donate up to 25% of its dividend earnings to charity.
The DNB Bank Group is the DNB Group's main entity and Norway's largest bank, providing services to the corporate, retail, and securities markets, as well as the public sector. DNB Markets is an investment bank in Norway, Cresco is a finance company, DNB Eiendom is a real estate agency, and DNB Asset Management is a fund manager for institutional clients in Norway and Sweden. In the Norwegian financial market, DNB has the largest customer base. DNB has about 2.3 million retail customers and over 200,000 corporate clients in Norway, with 61 branch offices.
Although the group's activities are mostly concentrated in Norway, it is one of the world's leading shipping banks and a key international player in the energy sector. It has 27 branches and representative offices around the world.
DNB used to brand itself as DnB NORD in Denmark, Finland, Poland, Estonia, Latvia, and Lithuania, where it was initially a joint venture with the German bank Norddeutsche Landesbank, with DNB owning the entire stake since December 23, 2010. The bank was rebranded and adopted the uniform DNB brand throughout these nations on November 11, 2011. DNB has 930,000 customers and 163 branch locations in these countries.
Founded: 1822
Headquarters: Oslo, Norway
Website: https://www.dnb.no/ -
SpareBank 1 SR-Bank (OSE: SRBNK), originally Sparebanken Rogaland, is a Norwegian bank and lender with 36 branches from Bergen to Oslo, with its headquarters in Stavanger. As of 2019, the bank and its subsidiaries employed around 1,250 people.
SpareBank 1 SR-Bank is a national financial organization and Norway's second-largest Norwegian-owned bank. In 2018, the bank transitioned from a regional to a Southern Norwegian bank.
SpareBank 1 SR-Bank is a member of the SpareBank 1 association, a banking and product association comprised of independent, regionally based Norwegian banks.
Sparebanken Rogaland was founded in 1976 when 22 Rogaland-based savings banks joined to form Norway's first regional bank. Since then, 17 more banks have joined the organization. The bank was one of the original partners of SpareBank 1 in 1996 and currently holds 19.5% of the company.
Founded: 1 October 1976
Headquarters: Stavanger, NorwayWebsite: https://www.sparebank1.no/en/sr-bank/personal.html
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SpareBank 1 SMN is the major financial services group in the region and a member of the SpareBank 1 Alliance. The headquarters are in Trondheim, and the group employs approximately 1,750 people through subsidiaries.
SpareBank 1 SMN is an independent regional financial services organization. Our market relationship is defined by proximity and capabilities. SpareBank 1 SMN is present in municipalities throughout Trndelag, Mre og Romsdal, and Vestland.
SpareBank 1 SMN is the region's greatest private contributor to business development and non-profit organizations through our contribution activities. We are a one-stop provider of financing, savings and investment, insurance, and payment services to individuals and businesses.
SpareBank 1 SMN has a number of subsidiaries:- EiendomsMegler 1 Midt-Norge
- SpareBank 1 Finans Midt-Norge
- SpareBank 1 Regnskapshuset SMN
Sustainability and social responsibility are significant emphasis areas for SpareBank 1 SMN as a regional bank - locally, nationally, and worldwide.
SpareBank 1 SMN adheres to the UN principles of sustainability, and our sustainability strategy is based on values, the most fundamental of which is responsibility.Founded: 1996
Headquarters: Oslo, Norway
Website: https://www.sparebank1.no/nb/bank/privat.html
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Santander Consumer Bank AS is a subsidiary of Banco Santander, one of the world's major financial conglomerates.
Santander's Nordic headquarters are located in Lysaker. The Nordic region has been designated as a focus area, with a total asset value of NOK 82 billion. Santander Consumer Bank employs around 1500 people in the Nordic region, with 450 of them based in Norway. Santander Consumer Bank is a market leader in automobile and leisure finance, as well as credit cards, consumer loans, and savings products.
Santander Consumer Bank sells and markets automobile, motorcycle, caravan, and boat loans. Santander offers competitive interest rates, and the fact that Santander Consumer Bank only claims security in the product you are purchasing or leasing. The downpayment can be spread out over ten years, resulting in a reduced monthly downpayment.
Santander Consumer Bank additionally provides benefits such as:- Some of the best gas and diesel discounts in the market
- Irredeemable months
- Flexible downpayments
- Optional term of payment
Santander Consumer Bank loans provide you with independence and flexibility. Freedom to pursue your passion - whether it's a loan for consumer items, accumulating lesser loans, or fantasizing about a new garage, driveway, or a stunning wedding for your daughter.
Perhaps you're in debt from past credit card transactions and loans. You may consolidate all of your secured and unsecured debts, credit cards, and vehicle loans with Santander's simple refinancing. Just one low-cost monthly payment that you can manage, giving you peace of mind.
You can apply for a loan ranging from 10,000 NOK to 350 000 NOK. You choose what you want to do with the money and how quickly you want to repay it.Headquarters: Strandveien 18, 1325 Lysaker
Website: https://www.santanderconsumer.no/
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SpareBank 1 Østlandet is Norway's fourth largest savings bank, employing 1100 competent and dedicated people. SpareBank 1 Østlandet is a publicly traded banking and financial services organization with almost 180 years of history in Østlandet and headquarters in Hamar. Over multiple generations, the bank has contributed to the creation of value in the market.
The bank's administrative headquarters are in Hamar, and it has branch offices in the counties of Innlandet, Viken, and Oslo. The bank has a physical presence in Norway's largest market area, home to over 1.7 million people. SpareBank 1 Østlandet provides services through local branches, customer care centers, and digital platforms.
SpareBank 1 Østlandet has been providing financial services to individuals, businesses, the public sector, and clubs and organizations in the region for approximately 180 years.
SpareBank 1 Østlandet offers retail customers a comprehensive range of financial services, including financing, savings, money transfer services, insurance, accident prevention, and capital and investment management. The corporate Market provides finance for investments and operations, advice, money transfer services in Norway and abroad, interest rate and currency hedging, surplus liquidity investment, insurance coverage for persons, commercial structures, and property.
SpareBank 1 stlandet's subsidiary firms provide real estate, accounting, leasing, and other financial services in addition to banking, investing, and insurance services.
SpareBank 1 Østlandet is an independent bank that is publicly traded on the Oslo Brs. SpareBank 1 Gruppen AS (12,4%) and SpareBank 1 Utvikling (18%) are both owned by the bank. The foundation Sparebankstiftelsen Hedmark is the major shareholder.Founded: 1845
Headquarters: Hamar, Norway
Website: https://www.sparebank1.no/ostlandet/privat.html
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Sparebanken Vest has been in continuous banking operations in Western Norway since 1823. Sparebanken Vest is an independent, publicly traded financial services organization operating in the counties of Hordaland, Rogaland, and Sogn & Fjordane.
Bergen is the bank's headquarters. Sparebanken Vest offers financial services to both individuals and businesses. Sparebanken Vest trades under the symbol SVEG on the Oslo Stock Exchange.
Sparebanken Vest's overarching mission is to become the leading and most preferred financial services organization in Western Norway.
Sparebanken Vest's establishment as a financial services group:- Strengthen the bank’s cultural and professional development
- Establish better and more efficient distribution
- Further develop the Sparebanken Vest brand
The bank's business philosophy is dual in nature, emphasizing banking operations while also taking into account the bank's social commitment.
The vision emphasizes that the bank will be a driving force in the development of Western Norway's social and commercial life through professional banking activities. Sparebanken Vest thinks that as an independent organization, it has an essential responsibility to play in enhancing society.
The bank wants to support and promote all positive components engaged in Western Norway's growth. Sparebanken Vest distributed MNOK 150 in public benefit money in 2018.Founded: 1823
Headquarters: Bergen, NorwayWebsite: https://www.spv.no/
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SpareBank 1 Nord-Norge has expanded in tandem with the growth of the surrounding communities and the region. Northern Norway is home to forward-thinking enterprises ranging from aquaculture and fishing to high-tech and tourism in the twenty-first century.
SpareBank 1 Nord-Norge can provide you with all banking services. Payment, savings, loans, and insurance are all included.
SpareBank 1 Nord-Norge has 38 offices in 36 municipalities across Nordland, Troms, Finnmark, and Svalbard. SpareBank 1 Nord-Norge can also be found online and on your mobile device.
SpareBank 1 Nord-Norge recognizes the importance of community development and contributing to sustainable development as a regional bank. SpareBank 1 Nord-Norge places a premium on sustainability. High ethical standards and trustworthy business in collaboration with customers, suppliers, government, and the community in which SpareBank 1 Nord-Norge operates will characterize all SpareBank 1 Nord-Norge does.Founded: 1836
Headquarters: Tromsø, NorwayWebsite: https://www.sparebank1.no/nord-norge/privat.html
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Sparebanken Sør's history dates back to 1824, when Christiansand Sparebank was created as one of Norway's first banks. Arendals Sparebank was founded in 1825. These two banks laid the groundwork for Sparebanken Sør, Norway's fifth largest bank.
Sparebanken Sør is a Norwegian savings bank situated in Kristiansand. The counties of Agder, Vestfold, Telemark, and Rogaland are Sparebanken Sr's primary markets.
This district has 31 branches that serve customers. The Internet and mobile banking are among the most advanced in Norway. Sparebanken Sør is an autonomous savings bank with BNOK 90 in assets and 500 man-years as of January 1, 2014.
Savings, loans, and domestic and international payment services are the primary offerings of the bank. Sparebanken Sør owns enterprises for insurance, securities, and leasing/factoring in collaboration with other savings banks, and the bank sells these products.
Sparebanken Sør is governed by the Norwegian Financial Supervisory Authority (Finanstilsynet).Founded: 1824
Headquarters: Kristiansand, Norway
Website: https://www.sor.no/
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Sbanken ASA is a Bergen-based Norwegian online bank. Øyvind Thomassen is the CEO
On April 27, 2000, Skandia established the bank as a branch of its existing bank in Sweden, Skandiabanken, and it became Norway's first online-only bank. Skandiabanken Norway was spun out from Skandiabanken Sweden and the rest of the Skandia group in 2015, becoming Skandiabanken ASA, and was renamed Sbanken ASA on November 6, 2017.
Sbanken had 460,000 customers in August 2020 and total assets of around 93 billion as of 31 December, 2019. The bank employs about 400 people.
Sbanken ASA is a publicly traded company on the Oslo Stock Exchange.
In and by the summer of 2022, following decisions made by the Norwegian government bureau for Complaints on decisions made by the Norwegian government Department for Commerce and Competition, the Norwegian bank giant DNB (Den Norske Bank) was finally allowed to buy and take over its competitor, despite the Norwegian government office for competition prohibiting the takeover earlier in the year and stopping the takeover in 2021.Founded: 2000 & 2015 (as a separate company)
Headquarters: Bergen, NorwayWebsite: https://sbanken.no/
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2007 marked the beginning of operations for Bank Norwegian in Norway. In 2022, after a period of 15 years, Bank Norwegian merged with the Swedish bank Nordax, becoming a subsidiary of Nordax Bank as a result of the merger. The name of Nordax Bank AB (publ) was changed to NOBA Bank Group AB (publ) on June 7, 2023. At the same time, Bank Norwegian transitioned from being a branch of Nordax to becoming a branch of NOBA.
Credit cards, savings accounts, and unsecured loans are all products that can be obtained through the Bank Norwegian branch of the NOBA Bank Group. Since its founding in Norway in 2007, Bank Norwegian has expanded its presence throughout the remainder of the Nordic region as well as in Spain and Germany, and it now serves more than 1.5 million customers.Founded: 2007
Headquarters: Fornebu, NorwayWebsite: https://www.banknorwegian.com/