Best banks in Norway

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

Fees

Most Norwegian banks offer their services at reasonable fees. Fees vary a lot depending on the bank, so explore them accurately.

Customer Service

Security

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.

You can explore their product and services on DNB, where you can find their fees or tariff charges.

Bank Norwegian AS is a well-established firm that offers consumers loans, savings accounts, and credit cards.

You can explore their product and services on Bank Norwegian, where you can find their fees.

Skandia, headquartered in Bergen, Norway, is the largest internet-based bank in Scandinavia.

You can explore their product and services on Skandia, where you can find their fees.

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.

You can explore their product and services on SpareBank1, where you can find their fees.

BN Bank ASA is a Norwegian bank that offers mortgages, loans, savings accounts, and insurance to individuals and small businesses in Norway.

You can explore their product and services on BN Bank ASA, where you can find their fees.

 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.

You can explore their product and services on Handelsbanken, where you can find their fees.

Danske Bank is an international bank headquartered in Copenhagen, Denmark. It offers its customers personal banking, business banking, investments, and mortgages.

You can explore their product and services on Danske Bank, where you can find their fees.

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.

You can explore their product and services on Nordea, where you can find their fees.

Nordea Bank is a Finnish financial services group that offers personal and business banking, corporate, institutional banking, wealth management, and digital banking solutions.

You can explore their product and services on Nordea, where you can find their fees.

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.

You can explore their product and services on Santander Consumer Bank, where you can find their fees.

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.’

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Source: WallStreetMojo, Wikipedia

The caption of the cover image above is in Lofoten, Norway. Photo by Silvio Bergamo on Unsplash.