Question 1

What is Aasen Sparebank?

Accepted Answer

Aasen Sparebank is a Norwegian local savings bank serving the Innherred region north of Trondheim. Established as an independent community-focused financial institution, Aasen Sparebank provides retail banking, lending, and insurance services to private individuals, small and medium-sized enterprises, and companies in its operating region.

As a savings bank (sparebank), the institution operates with a community ownership model and is listed on Euronext Growth, Oslo Børs as an equity certificate bank (egenkapitalbevisbank), allowing public investment while maintaining its local decision-making structure.

Question 2

When was Aasen Sparebank founded?

Accepted Answer

Aasen Sparebank was founded in 1862, making it over 160 years old. The bank's first statutes articulated its purpose: to receive deposits from persons of both genders, especially workers and service personnel, and to make these funds profitable through interest calculations and compound interest.

The bank's founding reflected 19th-century savings bank principles of providing accessible banking services to working-class communities. In its first years (1862-1871), the bank offered a 5% deposit rate and a 6% lending rate, with withdrawal procedures requiring advance notice ranging from one month for small amounts to four months for larger sums.

Question 3

Where is Aasen Sparebank headquartered?

Accepted Answer

Aasen Sparebank is headquartered in Åsen, a locality in Levanger municipality in the Nord-Trøndelag region of Norway. The bank's main office is located at Stasjonsvegen 1, adjacent to the E6 highway in Åsen town center, where it has been since February 2000.

Question 4

Where does Aasen Sparebank operate?

Accepted Answer

Aasen Sparebank operates in the Innherred region of Nord-Trøndelag, north of Trondheim. The bank maintains offices in Åsen (its headquarters and main branch), Levanger (at Moafjæra since October 2015), and Verdal (in Jernbanegata since 2017).

Throughout its history, the bank has maintained a limited geographic footprint focused on its local community. This regional concentration allows Aasen Sparebank to maintain deep knowledge of local economic conditions and close relationships with customers and businesses in the Innherred area.

Question 5

What services does Aasen Sparebank offer?

Accepted Answer

Aasen Sparebank offers comprehensive retail banking services including current accounts, savings accounts (including specialized accounts for children and home purchase savings - BSU), pension products, and securities trading. The bank provides various lending products such as mortgage loans, car loans, green loans, small business loans, and lease financing.

Insurance services are an important part of the bank's offering, including health insurance, group life insurance, travel insurance, and occupational injury insurance. Payment services include debit cards, credit cards, online banking platforms, and mobile banking applications.

Digital services are accessible through the bank's website and mobile apps, allowing customers to conduct banking transactions, monitor accounts, and manage finances remotely. The bank emphasizes the importance of combining digital convenience with local, personalized service.

Question 6

What makes Aasen Sparebank unique?

Accepted Answer

Aasen Sparebank's defining characteristic is its status as a truly local bank where all decisions are made locally, not at a distant headquarters. As an independent savings bank, Aasen Sparebank operates for the benefit of its customers, community, owners, and employees, with a mandate to contribute to sustainable development and economic activity in the region.

The bank is a member of Eika Gruppen, a Norwegian banking cooperative that enables smaller local banks to share development costs, access product diversity, and participate in covered bond issuance through the jointly owned Verd Boligkreditt AS. This membership allows Aasen Sparebank to offer competitive products while maintaining independence.

With over 160 years of continuous operation in the same community, Aasen Sparebank represents institutional stability and long-term commitment to the Innherred region. The bank's low risk appetite, strong real estate collateral base, and solid capital position (with regulatory ratings of BBB+ from Nordic Credit Rating) reflect its conservative, sustainable approach to banking.

Question 7

What type of financial institution is Aasen Sparebank?

Accepted Answer

Aasen Sparebank is a savings bank (sparebank), a traditional Norwegian banking institution type. Norwegian savings banks are characterized by their community ownership structure, local governance, and focus on serving the financial needs of their geographic regions.

As an equity certificate bank (egenkapitalbevisbank), Aasen Sparebank has issued equity certificates that trade on Euronext Growth, allowing investors to participate in the bank's equity while the bank maintains its savings bank structure. This hybrid model combines traditional savings bank principles with access to capital markets.

Aasen Sparebank

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About Aasen Sparebank in Norway