Question 1

What is Tinn Sparebank?

Accepted Answer

Tinn Sparebank is a local Norwegian savings bank (sparebank) based in Rjukan, providing traditional retail banking and insurance services to residents, small businesses, and enterprises in the Tinn municipality and surrounding areas of Vestfold og Telemark county.

Question 2

When was Tinn Sparebank founded?

Accepted Answer

While the bank's formal authorization dates to November 20, 2013 in regulatory records, Tinn Sparebank has deep historical roots in the local community, reflecting the longstanding tradition of Norwegian savings banks serving their regional populations.

Question 3

Where is Tinn Sparebank headquartered?

Accepted Answer

Tinn Sparebank is headquartered in Rjukan, a town in Tinn municipality in Vestfold og Telemark county, Norway.

Question 4

Where does Tinn Sparebank operate?

Accepted Answer

Tinn Sparebank operates primarily in the Tinn municipality and surrounding areas of Vestfold og Telemark county in southeastern Norway. The bank maintains local branch offices serving its community-based customer network, focusing on the Rjukan area and nearby communities.

Question 5

What services does Tinn Sparebank offer?

Accepted Answer

The bank provides comprehensive retail banking services including current accounts, savings accounts, time deposit accounts, payment cards (both debit and credit cards), consumer loans, car loans, and mortgage loans for private individuals, SMEs, and companies.

Insurance products are offered through partnerships, covering personal, business, and agricultural needs. The bank also provides standard banking services such as payment solutions, online banking (Nettbank), and mobile banking through the Eika Mobilbank app.

For international transactions, the bank facilitates cross-border payments and SEPA transfers using its SWIFT/BIC code (TINNNO21XXX). Customer service is available via phone and in-person at branch locations during business hours.

Question 6

What makes Tinn Sparebank unique?

Accepted Answer

As a member of Eika Gruppen, Tinn Sparebank benefits from cooperative arrangements that allow small local banks to offer diverse financial products while maintaining local decision-making and community focus. This alliance enables access to specialized services and shared infrastructure that would be difficult for a small independent bank to provide alone.

The bank emphasizes local presence and personal service, with deep knowledge of its market area. With assets of approximately NOK 4.2 billion and strong profitability metrics (1.17% return on assets in 2024), Tinn Sparebank demonstrates financial stability while maintaining its commitment to community banking.

BankID authentication is required for digital services, reflecting Norwegian banking's high security standards and the country's advanced digital identification infrastructure.

Question 7

What type of financial institution is Tinn Sparebank?

Accepted Answer

Tinn Sparebank is a sparebank (savings bank), a Norwegian institution type characterized by local ownership, community governance, and absence of external shareholders. Savings banks in Norway operate under a distinctive ownership model where the bank is owned by the local community rather than private investors. The bank is supervised by Finanstilsynet (Financial Supervisory Authority of Norway) with reference number 937891423, and participates in the Norwegian Banks' Guarantee Fund (Bankenes Sikringsfond), protecting customer deposits up to NOK 2,000,000 per depositor.

Tinn Sparebank

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About Tinn Sparebank in Norway