Banking in Norway
Summary
Banking in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Banking in Norway industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total assets held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Norwegian banking industry recorded assets of $1,097.5 billion in 2025, representing a compound annual growth rate (CAGR) of 2.5% between 2020 and 2025.
- The bank credit segment accounted for the industry's largest proportion in 2025, with total assets of $745.6 billion, equivalent to 67.9% of the industry's overall value.
- The Norwegian banking industry’s growth during 2020-25 was driven by the expansion of net national savings. According to GlobalData, in 2025, the net national savings in Norway reached $151.8 billion, up 238.7% over 2020. This rise in national savings increased the deposit base of banks, providing greater liquidity and enabling financial institutions to expand lending activities.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banking market in Norway
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banking market in Norway
- Leading company profiles reveal details of key banking market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Norway banking market with five year forecasts
- What was the size of the Norway banking market by value in 2025?
- What will be the size of the Norway banking market in 2030?
- What factors are affecting the strength of competition in the Norway banking market?
- How has the market performed over the last five years?
- What are the main segments that make up Norway's banking market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
2.3. Regulatory landscape
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. How are industry players responding to trends in the industry?
7.5. What have been the recent developments in the industry?
8 COMPANY PROFILES
8.1. DNB Bank ASA
8.2. Svenska Handelsbanken AB
8.3. SpareBank 1 Sorost-Norge
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
2.3. Regulatory landscape
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. How are industry players responding to trends in the industry?
7.5. What have been the recent developments in the industry?
8 COMPANY PROFILES
8.1. DNB Bank ASA
8.2. Svenska Handelsbanken AB
8.3. SpareBank 1 Sorost-Norge
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Norway banking industry value: $ billion, 2020-25
Table 2: Norway banking industry category segmentation: % share, by value, 2020-25
Table 3: Norway banking industry category segmentation: $ billion, 2020-25
Table 4: Norway banking industry geography segmentation: $ billion, 2025
Table 5: Norway banking industry value forecast: $ billion, 2025-30
Table 6: Norway banking industry share: % share, by value, 2025
Table 7: DNB Bank ASA: Key Facts
Table 8: DNB Bank ASA: Annual Financial Ratios
Table 9: DNB Bank ASA: Key Employees
Table 10: Svenska Handelsbanken AB: Key Facts
Table 11: Svenska Handelsbanken AB: Annual Financial Ratios
Table 12: Svenska Handelsbanken AB: Key Employees
Table 13: SpareBank 1 Sorost-Norge: Key Facts
Table 14: Norway Size of Population (Million), 2021-25
Table 15: Norway Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 16: Norway GDP (Current Prices, $ Billion), 2021-25
Table 17: Norway Inflation, 2021-25
Table 18: Norway Consumer Price Index (Absolute), 2021-25
Table 19: Norway Exchange Rate, 2020-25
Table 1: Norway banking industry value: $ billion, 2020-25
Table 2: Norway banking industry category segmentation: % share, by value, 2020-25
Table 3: Norway banking industry category segmentation: $ billion, 2020-25
Table 4: Norway banking industry geography segmentation: $ billion, 2025
Table 5: Norway banking industry value forecast: $ billion, 2025-30
Table 6: Norway banking industry share: % share, by value, 2025
Table 7: DNB Bank ASA: Key Facts
Table 8: DNB Bank ASA: Annual Financial Ratios
Table 9: DNB Bank ASA: Key Employees
Table 10: Svenska Handelsbanken AB: Key Facts
Table 11: Svenska Handelsbanken AB: Annual Financial Ratios
Table 12: Svenska Handelsbanken AB: Key Employees
Table 13: SpareBank 1 Sorost-Norge: Key Facts
Table 14: Norway Size of Population (Million), 2021-25
Table 15: Norway Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 16: Norway GDP (Current Prices, $ Billion), 2021-25
Table 17: Norway Inflation, 2021-25
Table 18: Norway Consumer Price Index (Absolute), 2021-25
Table 19: Norway Exchange Rate, 2020-25
LIST OF FIGURES
Figure 1: Norway banking industry value: $ billion, 2020-25
Figure 2: Norway banking industry category segmentation: $ billion, 2020-25
Figure 3: Norway banking industry geography segmentation: % share, by value, 2025
Figure 4: Norway banking industry value forecast: $ billion, 2025-30
Figure 5: Forces driving competition in the banking industry in Norway, 2025
Figure 6: Drivers of buyer power in the banking industry in Norway, 2025
Figure 7: Drivers of supplier power in the banking industry in Norway, 2025
Figure 8: Factors influencing the likelihood of new entrants in the banking industry in Norway, 2025
Figure 9: Factors influencing the threat of substitutes in the banking industry in Norway, 2025
Figure 10: Drivers of degree of rivalry in the banking industry in Norway, 2025
Figure 11: Norway banking industry share: % share, by value, 2025
Figure 1: Norway banking industry value: $ billion, 2020-25
Figure 2: Norway banking industry category segmentation: $ billion, 2020-25
Figure 3: Norway banking industry geography segmentation: % share, by value, 2025
Figure 4: Norway banking industry value forecast: $ billion, 2025-30
Figure 5: Forces driving competition in the banking industry in Norway, 2025
Figure 6: Drivers of buyer power in the banking industry in Norway, 2025
Figure 7: Drivers of supplier power in the banking industry in Norway, 2025
Figure 8: Factors influencing the likelihood of new entrants in the banking industry in Norway, 2025
Figure 9: Factors influencing the threat of substitutes in the banking industry in Norway, 2025
Figure 10: Drivers of degree of rivalry in the banking industry in Norway, 2025
Figure 11: Norway banking industry share: % share, by value, 2025
