Some of the best banks in Norway are DNB Bank, Bank Norwegian AS, and Skandia.
The Norway Central Bank regulates and oversees many local and foreign banks operating in Norway. Local banks dominate Norway’s banking industry, historically maintaining strong credit ratings.
Most websites or apps linked below are in Norwegian or English. Use Google Translate, Tarjimly, or any other translation service if you need it.
The national currency in Norway is the Krone. Ten NOK is 0.94 US Dollars or 0.86 Euros. That is 77.78 Indian Rupees or almost 77.26 Chinese yuan.
How to choose a bank in Norway
When choosing a bank in Norway, there are several factors to consider.
Reputation and stability
Norway’s banking system has remained stable and efficient, thanks in part to the central bank’s strong regulatory structure, despite the substantial external exposure of many Norway banks.
Products and services
Size of the bank
Most Norwegian banks offer their services at reasonable fees. Fees vary a lot depending on the bank, so explore them accurately.
Considering these factors, you can narrow your options and choose a bank that meets your financial needs.
List of best banks in Norway
Some of the best banks in Norway are the following.
National banks in Norway
The following national banks are present in Norway.
DNB Bank is a major financial services group with the Norwegian government and Sparebankstiftelsen DNB NOR as its largest owners. They offer services to various sectors, including the Corporate, Retail, Securities market, and Public sectors.
Bank Norwegian AS is a well-established firm that offers consumers loans, savings accounts, and credit cards.
Skandia, headquartered in Bergen, Norway, is the largest internet-based bank in Scandinavia.
SpareBank 1 is a cooperative bank with a network of 14 independent savings banks in Norway. They offer a variety of financial services to both individuals and businesses.
BN Bank ASA is a Norwegian bank that offers mortgages, loans, savings accounts, and insurance to individuals and small businesses in Norway.
International banks in Norway
The following international banks are present in Norway.
Handelsbanken is a Swedish bank with operations in several countries, including Norway. They focus on personalized banking services for individual and corporate customers.
Danske Bank is an international bank headquartered in Copenhagen, Denmark. It offers its customers personal banking, business banking, investments, and mortgages.
Nordea is a Nordic financial conglomerate operating in various Nordic countries, including Norway. They provide a wide range of banking and financial services to both retail and business clients.
Nordea Bank is a Finnish financial services group that offers personal and business banking, corporate, institutional banking, wealth management, and digital banking solutions.
Santander Consumer Bank is an international bank in many countries, including Norway. In Norway, they offer car loans, consumer loans, credit cards, and savings accounts.
How to find a cash machine in Norway
Talk to anyone who may have traveled or worked in Norway. You will find that some of your friends or family know the nearest bank branches. Ask around and find opportunities among your contacts. An easy tool for doing that is any map app. Below is, for example, a Google Maps search for ‘ATMs near Oslo.’