|Address||5221, Norway, NESTTUN, Østre Nesttunveien 1|
|Bank Category||Savings bank|
|Credit Ratings (as of Dec 2014)|
|Fitch||- (not rated)|
|Moody's||Baa2 (lower medium grade)|
|S&P's||- (not rated)|
|Deposit Guarantee||Yes (up to 2 000 000 NOK per depositor)|
|Start Date||01 January 2006|
|Total Assets (2014)||15 184.56 mln NOK (+5.97%)|
|Total Equity (2014)||1 397.47 mln NOK (+2.97%)|
|Profit and Loss|
|Operating Income (2014)||89.17 mln NOK (-33.21%)|
|Annual Profit (2014)||67.87 mln NOK (-28.37%)|
Any bank can be identified for different purposes and hence can have several different identifiers.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
|Company Registration Number||937896859|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, FANA SPAREBANK is rated by Moody's.
Credit ratings assigned to FANA SPAREBANK as of December 2014 are shown in details in the following sections.
Long-term rating is for FANA SPAREBANK it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Baa2|
|Bank Financial Strength Rating||D+|
Outlook for the ratings of FANA SPAREBANK is set to negative (may be lowered).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Norway are obliged to participate in Norwegian deposit guarantee scheme.
In the case of FANA SPAREBANK failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||any credit balance on a named account, and any debt evidenced by a certificate of deposit issued to a named person|
|Maximum Protected Amount||2 000 000 NOK|
|Paid In Currency||NOK|
Further Information: Deposit Guarantee Scheme in Norway
In 2014 total assets of FANA SPAREBANK were 15 184.56 mln NOK. Growth compared to the previous period (2013) was 5.97%. The evolution of the total assets of FANA SPAREBANK is shown at Chart 1 below.
Recent changes in total assets of FANA SPAREBANK and its main components are shown in Table 1.
|Cash and deposits with Central Banks||127.9||83.0||-35.09%|
|Loans to banks||628.0||864.3||+37.62%|
|Loans to customers||9 897.5||10 604.4||+7.14%|
|Total Assets||14 329.4||15 184.6||+5.97%|
|Table 1. Recent changes in total assets of FANA SPAREBANK (mln NOK).|
Recent changes in total liabilities of FANA SPAREBANK and its main components are shown in Table 2.
|Customer deposits||9 167.9||9 699.0||+5.79%|
|Total Liabilities||14 329.4||15 184.6||+5.97%|
|Table 2. Recent changes in total liabilities of FANA SPAREBANK (mln NOK).|
Recent changes in gross profit of FANA SPAREBANK and its main components are shown in Table 3.
|Net Interest Income||192.4||209.7||+9.02%|
|Table 3. Recent changes in gross profit of FANA SPAREBANK (mln NOK).|
In 2014 annual profit of FANA SPAREBANK was 67.87 mln NOK. Decline compared to the previous period (2013) was -28.37%. The evolution of the annual profit of FANA SPAREBANK is shown at Chart 2 below.