May 2026
📣 VC round data is live. Check it out!
Largest Commercial Banking Public Companies in Norway
Benchmark revenue and EBITDA valuation multiples for public comps like
DNB Bank, SpareBank 1, Sparebanken Norge, SpareBank 1 SMN and SpareBank 1 Østlandet.
 | DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal customers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, notably oil and gas, shipping, and commercial real estate. The group's strategies emphasizes cost efficiency and customer service. | $32 | +11% | $45B | $143B | 14.8x | - | ||
| SpareBank 1 Sor Norge ASA is a regional bank engaged in selling and procuring a wide range of financial products and services, including investment services, leasing, estate agency, and accounting services. The company's reportable segments are Retail market, which generates maximum revenue, Corporate market, SME and agriculture, and Other. | $21 | +13% | $8B | $30B | 20.6x | - | ||
| Sparebanken Norge is a financial services company engaged in providing banking services. | $21 | +28% | $4B | $34B | 26.9x | - | ||
| SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. The services and products of the bank serves real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income. | $21 | +2% | $3B | $8B | 8.5x | - | ||
| SpareBank 1 Ostlandet is a banking company. The group's segment reporting is divided into the following areas: retail banking, corporate banking, leasing, real estate brokerage, accounting, and consulting services, and other operations. The bank offers services to individuals, the public and private sectors, businesses, and others. Geographically, the majority of the activities of the group are functioned through the region of Norway. | $21 | +9% | $3B | $8B | 10.6x | - | ||
| SpareBank 1 Nord-Norge is a Norwegian banking services provider. Apart from general banking solutions, its areas of expertise include estate agency, asset financing, and accounting operations. The company operates with primary segments, namely the retail market and the corporate market. In addition, the subsidiary companies’ activities, such as accounting services, real estate brokerage, and leasing/sale-leaseback financing, are considered. The Retail Banking segment serves individual customers through the provision of retail banking products such as loans, deposits, cards, and insurance. The Corporate Banking segment focuses purely on corporate customers. | $16 | -- | $2B | $4B | 6.3x | - | ||
| SpareBank 1 Ringerike Hadeland is a savings bank in Norway offering financing, placement, payment services, pensions, and life insurance. Its business is organized into two sections, personal and corporate market. The Bank serves less self-employed, agricultural, and business class customers as well. The Bank also provides credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. The company has one segment, which is lending to finance commercial property, including lending that represents the joint debt of a condominium or housing association. | $48 | +19% | $746M | $1B | 8.4x | - | ||
| Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, savings accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services, as well as the insurance industries. It firm manages its business into three segments: Corporate, Retail, and Real Estate brokerage. The revenue of the company comprises interest, fees, commission, and other income. | $12 | +16% | $613M | $5B | 20.8x | - | ||
| Sparebank 1 Ostfold Akershus is a regional savings bank operating through SpareBank 1 Corp. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $49 | +13% | $609M | $1B | 8.5x | - | ||
| Pareto Bank ASA operates as a commercial bank in Norway. It offers diversified financial services including accepting deposits, financing of construction and rehabilitation of housing, financing solutions for companies, owners and investors, financing of shipping and offshore projects, banking. The bank also offers credit cards and online banking. | $7 | -15% | $566M | $1B | 10.4x | - | ||
| SpareBank 1 Helgeland is a regional bank engaged in providing banking and financial services. It offers savings products, payment services, credit cards, saving accounts, placement services, loans, insurance, shares, and currencies, as well as an online banking facility. The bank’s operations are divided into two segments: Retail Market (RM) and Corporate Market (CM). The company serves creditors, customers, employees, management, and society in general. Geographically, all the operations of the bank are carried out from Helgeland. | $17 | -9% | $461M | $1B | 10.7x | - | ||
| Rogaland Sparebank is an independent savings bank. The company offers a broad range of banking and investment products to retail and corporate customers. The services provided by the company include daily banking, Insurance, loans, Savings, pensions, and others. | $16 | +10% | $368M | $3B | 23.6x | - | ||
| Skue Sparebank is a savings bank offering a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $36 | +5% | $206M | $725M | 9.2x | - | ||
| Jaeren Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $37 | -1% | $183M | $678M | 10.6x | - | ||
| SpareBank 1 Nordmore, formerly Sparebank 1 Nordvest is an independent and local bank in More og Romsdal. The company offers banking products and services including Private online banking Online banking business, Insurance, and Pension. It has one segment, which is lending to finance commercial property, including lending that represents the joint debt in a condominium or housing association. | $20 | +16% | $177M | $938M | 8.3x | - | ||
| Sparebanken Øst is a savings bank in Norway. It offers banking products and services to retail and corporate customers in the areas of loans, payment services, insurance products, property management as well as advisory services. Its mission is to be a non-affiliated, independent and locally managed provider of financial services, to enable people in general, along with small and medium-sized enterprises, to exploit their financial resources in the possible manner. | $8 | +8% | $169M | $3B | 26.1x | - | ||
| Aurskog Sparebank operates as a local bank. It offers a range of financial services including Daily banking, Loans, Savings, Insurance, Agriculture, and Retirement. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking, and online banking services. | $28 | +16% | $129M | $812M | 14.3x | - | ||
| Voss Veksel- og Landmandsbank ASA operates in the banking sector. It provides general banking services like deposits, loans, insurance services, mobile banking, online banking, among others. | $52 | +35% | $114M | $238M | 11.1x | - | ||
| Bien Sparebank ASA is a independent savings bank. It is a close and accessible bank for individuals and businesses in the Oslo area. The company offers various services namely daily banking, saving, pension, insurance and others. | $17 | +11% | $94M | $241M | 13.1x | - | ||
| Haugesund Sparebank ASA is a local and independent savings bank in Norway with core business in banking. It also has strategic investments in product companies within insurance, leasing and securities trading. | $18 | 0% | $92M | $639M | 12.2x | - | ||
| Grong Sparebank is an independent, local savings bank. It offers banking services to the local community such as Car loans, Mortgage, Loans and refinancing, Retirement and Bank Savings, Insurances, mobile and Online Banking, International payment and others. | $20 | +30% | $81M | $289M | 6.5x | - | ||
| Tinde Sparebank is a new savings bank with solid roots in local communities. It provides Daily banking, Insurance, loans, Savings and retirement, Tips and advice, and avoiding scams. | $13 | -- | $68M | $383M | 9.4x | - | ||
| Sparebank 68 Grader Nord is a local savings bank, focused on retail banking and insurance products and services. The range of products offered includes current accounts, payment cards, savings accounts, consumer loans, car loans, and mortgage loans. | $21 | +16% | $63M | $354M | 9.0x | - | ||
| Kraft Bank ASA is a provider of banking services to its customers. The bank offers refinancing, savings products, loans, loans against mortgages in housing and other assets. | $1 | +42% | $62M | $67M | 2.9x | - | ||
| Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $20 | +15% | $56M | $318M | 8.4x | - | ||
| Romerike Sparebank is a local bank that provides banking and financial services in Norway. It provides services of Daily banking, Insurance, Loans, Savings and Retitement. | $16 | +12% | $47M | $684M | 12.8x | - | ||
| Aasen Sparebank is a local savings bank. It offers a full-service concept for banking and financial services, both for private and agricultural customers, as well as for small and medium-sized businesses. The company's services include Mortgage, Car loans, Loans and refinancing, Insurance, Online and Mobile Banking, Deposits and others. | $15 | +15% | $25M | $162M | 7.5x | - | ||
| Sogn Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $36 | +19% | $23M | $764M | 27.5x | - | ||
| Flekkefjord Sparebank ASA formerly Flekkefjord Sparebank is involved in banking activities and provides all the banking services to its customer. The banking services includes saving bank, commercial bank etc. | $13 | -2% | $19M | $351M | 9.6x | - | ||
| Nidaros Sparebank is a Norway-based financial institution. It offers various financial advisory services including Insurance, Financing, Saving and Retirement, and Other payments. | $11 | 0% | $13M | $113M | 7.4x | - | ||
| Holand og Setskog Sparebank operates as a savings bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services. | $18 | 0% | $12M | $334M | 15.7x | - | ||
| Median | $20 | +12% | $169M | $764M | 10.6x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.