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Economy and Banking Sector of Norway

Major Banks of Norway

RankNameMarket %Total Assets
1 DNB BANK ASA54.43 %2,905.28 bln NOK   (+10.96%)
2 SpareBank 1 SR-Bank5.36 %286.10 bln NOK   (+6.14%)
3 SPAREBANK 1 SMN4.29 %229.02 bln NOK   (+5.01%)
4 SANTANDER CONSUMER BANK AS3.64 %194.32 bln NOK   (+6.50%)
5 SPAREBANKEN VEST3.51 %187.60 bln NOK   (+15.97%)
6 SPAREBANK 1 ØSTLANDET3.28 %175.16 bln NOK   (+3.77%)
7 SPAREBANK 1 NORD-NORGE2.37 %126.42 bln NOK   (+5.24%)

#1: DNB BANK ASA

DnB NOR Bank offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DnB NOR Bank serves its customers via branches in Norway, in-store postal and banking outlets, post office counters, Internet banking, and mobile services.

Services
retail banking
business banking
Clients
private individuals
companies
Area Served
NONorway
Products
current accounts
debit cards
credit cards
savings accounts
trading accounts
pension accounts
investment funds
consumer loans
car loans
mortgage loans
business loans
trade finance
leasing
factoring

DNB BANK ASA ranks as the 1st largest bank in Norway by total assets. In 2023 its total assets were 2,905.28 bln NOK, representing a 54.43% market share. It is also the 1st largest commercial bank in Norway, commanding a 86.51% share among commercial banks. In 2023 the bank's annual profit was 39,315.75 mln NOK.

DNB BANK ASA is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade). DNB BANK ASA participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#2: SpareBank 1 SR-Bank

SpareBank 1 SR-Bank is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SpareBank 1 SR-Bank includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Services
retail banking
insurance
Clients
private individuals
SMEs
companies
Area Served
local municipality
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

SpareBank 1 SR-Bank ranks as the 2nd largest bank in Norway by total assets. In 2023 its total assets were 286.10 bln NOK, representing a 5.36% market share. It is also the 1st largest savings bank in Norway, commanding a 14.45% share among savings banks. In 2023 the bank's annual profit was 5,316.99 mln NOK.

SpareBank 1 SR-Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade). SpareBank 1 SR-Bank participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#3: SPAREBANK 1 SMN

SPAREBANK 1 SMN is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANK 1 SMN includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Services
retail banking
insurance
Clients
private individuals
SMEs
companies
Area Served
local municipality
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

SPAREBANK 1 SMN ranks as the 3rd largest bank in Norway by total assets. In 2023 its total assets were 229.02 bln NOK, representing a 4.29% market share. It is also the 2nd largest savings bank in Norway, commanding a 11.57% share among savings banks. In 2023 the bank's annual profit was 3,678.26 mln NOK.

SPAREBANK 1 SMN is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade). SPAREBANK 1 SMN participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#4: SANTANDER CONSUMER BANK AS

SANTANDER CONSUMER BANK AS, a member of Santander Group (Spain), is a provider of financial services in retail banking. The head bank of the group, Banco Santander, based in Madrid is mainly active in retail banking and in addition in global wholesale banking, cards, asset management and insurance business.

Services
retail banking
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
insurance

SANTANDER CONSUMER BANK AS ranks as the 4th largest bank in Norway by total assets. In 2023 its total assets were 194.32 bln NOK, representing a 3.64% market share. It is also the 2nd largest commercial bank in Norway, commanding a 5.79% share among commercial banks. In 2023 the bank's annual profit was 2,343.75 mln NOK.

SANTANDER CONSUMER BANK AS is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). SANTANDER CONSUMER BANK AS participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#5: SPAREBANKEN VEST

SPAREBANKEN VEST is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANKEN VEST includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Services
retail banking
insurance
Clients
private individuals
SMEs
companies
Area Served
local municipality
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

SPAREBANKEN VEST ranks as the 5th largest bank in Norway by total assets. In 2023 its total assets were 187.60 bln NOK, representing a 3.51% market share. It is also the 3rd largest savings bank in Norway, commanding a 9.48% share among savings banks. In 2023 the bank's annual profit was 3,626.45 mln NOK.

SPAREBANKEN VEST is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). SPAREBANKEN VEST participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#6: SPAREBANK 1 ØSTLANDET

SPAREBANK 1 ØSTLANDET is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANK 1 ØSTLANDET includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Services
retail banking
insurance
Clients
private individuals
SMEs
companies
Area Served
local municipality
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

SPAREBANK 1 ØSTLANDET ranks as the 6th largest bank in Norway by total assets. In 2023 its total assets were 175.16 bln NOK, representing a 3.28% market share. It is also the 4th largest savings bank in Norway, commanding a 8.85% share among savings banks. In 2023 the bank's annual profit was 2,558.99 mln NOK.

SPAREBANK 1 ØSTLANDET is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). SPAREBANK 1 ØSTLANDET participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

#7: SPAREBANK 1 NORD-NORGE

SPAREBANK 1 NORD-NORGE is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANK 1 NORD-NORGE includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Services
retail banking
insurance
Clients
private individuals
SMEs
companies
Area Served
local municipality
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

SPAREBANK 1 NORD-NORGE ranks as the 7th largest bank in Norway by total assets. In 2023 its total assets were 126.42 bln NOK, representing a 2.37% market share. It is also the 5th largest savings bank in Norway, commanding a 6.39% share among savings banks. In 2023 the bank's annual profit was 3,049.69 mln NOK.

SPAREBANK 1 NORD-NORGE is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). SPAREBANK 1 NORD-NORGE participates in the deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

See Also

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