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Economy and Banking Sector of Norway

Major Banks of Norway

Rank
1
Total Assets
1,930.68 bln NOK  (-5.99%)
Market Share
50.05 %
Rank
2
Total Assets
180.89 bln NOK  (+1.01%)
Market Share
4.69 %
Rank
3
Total Assets
157.72 bln NOK  (+4.88%)
Market Share
4.09 %
Rank
4
Total Assets
147.40 bln NOK  (+4.45%)
Market Share
3.82 %
Rank
5
Total Assets
122.39 bln NOK  (+14.22%)
Market Share
3.17 %
Rank
6
Total Assets
112.91 bln NOK  (+1.30%)
Market Share
2.93 %
Rank
7
Total Assets
103.90 bln NOK  (+9.19%)
Market Share
2.69 %

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.

DNB BANK ASA is the 1st largest bank in Norway in terms of total assets. In 2018 its total assets were 1 930,68 bln NOK, providing the bank with the market share of 50.05%. DNB BANK ASA is the 1st largest commercial bank in Norway (out of 25 commercial banks) having market share of 80.51% amongst the banks of this category. In 2018 the bank's operating income was 22 927,09 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 deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

SpareBank 1 SR-Bank

SpareBank 1 SR-Bank is a local savings bank, focused on retail banking and insurance products and services to local 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

SpareBank 1 SR-Bank is the 2nd largest bank in Norway in terms of total assets. In 2018 its total assets were 180,89 bln NOK, providing the bank with the market share of 4.69%. SpareBank 1 SR-Bank is the 1st largest savings bank in Norway (out of 99 savings banks) having market share of 12.39% amongst the banks of this category. In 2018 the bank's operating income was 2 597,00 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 deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

SPAREBANK 1 SMN

SPAREBANK 1 SMN is a local savings bank, focused on retail banking and insurance products and services to local 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

SPAREBANK 1 SMN is the 3rd largest bank in Norway in terms of total assets. In 2018 its total assets were 157,72 bln NOK, providing the bank with the market share of 4.09%. SPAREBANK 1 SMN is the 2nd largest savings bank in Norway (out of 99 savings banks) having market share of 10.81% amongst the banks of this category. In 2018 the bank's operating income was 2 379,10 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 deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

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

SANTANDER CONSUMER BANK AS is the 4th largest bank in Norway in terms of total assets. In 2018 its total assets were 147,40 bln NOK, providing the bank with the market share of 3.82%. SANTANDER CONSUMER BANK AS is the 2nd largest commercial bank in Norway (out of 25 commercial banks) having market share of 6.15% amongst the banks of this category. In 2018 the bank's operating income was 3 469,28 mln NOK.

SANTANDER CONSUMER BANK AS is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade). SANTANDER CONSUMER BANK AS participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

SPAREBANK 1 ØSTLANDET

SPAREBANK 1 ØSTLANDET is a local savings bank, focused on retail banking and insurance products and services to local 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

SPAREBANK 1 ØSTLANDET is the 5th largest bank in Norway in terms of total assets. In 2018 its total assets were 122,39 bln NOK, providing the bank with the market share of 3.17%. SPAREBANK 1 ØSTLANDET is the 3rd largest savings bank in Norway (out of 99 savings banks) having market share of 8.38% amongst the banks of this category. In 2018 the bank's operating income was 1 721,70 mln NOK.

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

SPAREBANKEN VEST

SPAREBANKEN VEST is a local savings bank, focused on retail banking and insurance products and services to local 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

SPAREBANKEN VEST is the 6th largest bank in Norway in terms of total assets. In 2018 its total assets were 112,91 bln NOK, providing the bank with the market share of 2.93%. SPAREBANKEN VEST is the 4th largest savings bank in Norway (out of 99 savings banks) having market share of 7.74% amongst the banks of this category. In 2018 the bank's operating income was 1 961,21 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 A1 (upper medium grade). SPAREBANKEN VEST participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

SPAREBANK 1 NORD-NORGE

SPAREBANK 1 NORD-NORGE is a local savings bank, focused on retail banking and insurance products and services to local 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

SPAREBANK 1 NORD-NORGE is the 7th largest bank in Norway in terms of total assets. In 2018 its total assets were 103,90 bln NOK, providing the bank with the market share of 2.69%. SPAREBANK 1 NORD-NORGE is the 5th largest savings bank in Norway (out of 99 savings banks) having market share of 7.12% amongst the banks of this category. In 2018 the bank's operating income was 1 694,96 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 A1 (upper medium grade). SPAREBANK 1 NORD-NORGE participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2,000,000 NOK per bank per depositor.

See Also