FANA SPAREBANK

Address  N-5221, Norway, NESTTUN, Østre Nesttunveien 1

Bank Identifiers 
    Company Number  937896859
Bank Category  Savings bank
Credit Ratings (July 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

FANA SPAREBANK is located at Norway, NESTTUN. It is one of 169 credit institutions operating in Norway.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

Company Registration Number

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 Ratings

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 July 2014 are shown in details in the following sections.

Moody's

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 Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Bank Financial Strength Rating  D+
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of FANA SPAREBANK is set to negative (may be lowered).

Deposit Guarantee

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

Related Information on Norway

Economy and Banking Sector of Norway

List of Banks in Norway