On October 4, 2013, Seljord Sparebank merged with Bø Sparebank.
|Address||N-3840, Norway, SELJORD, Brøløsvegen 47|
|Bank Category||Savings bank|
|Deposit Guarantee||Yes (up to 2 000 000 NOK per depositor)|
|Start Date||01 January 2006|
|Close Date||04 October 2013|
|Total Assets (2012)||1 838.29 mln NOK (-1.03%)|
|Total Equity (2012)||142.85 mln NOK (+5.57%)|
|Profit and Loss|
|Operating Income (2012)||10.69 mln NOK (-1.15%)|
|Annual Profit (2012)||7.94 mln NOK (-0.65%)|
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||937893477|
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 SELJORD 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 2012 total assets of SELJORD SPAREBANK were 1 838.29 mln NOK. Decline compared to the previous period (2011) was -1.03%. The evolution of the total assets of SELJORD SPAREBANK is shown at Chart 1 below.
Recent changes in total assets of SELJORD SPAREBANK and its main components are shown in Table 1.
|Cash and deposits with Central Banks||48.8||61.8||+26.59%|
|Loans to banks||4.7||4.6||-3.39%|
|Loans to customers||1 508.2||1 502.0||-0.41%|
|Total Assets||1 857.5||1 838.3||-1.03%|
|Table 1. Recent changes in total assets of SELJORD SPAREBANK (mln NOK).|
Recent changes in total liabilities of SELJORD SPAREBANK and its main components are shown in Table 2.
|Customer deposits||1 232.7||1 295.9||+5.13%|
|Total Liabilities||1 857.5||1 838.3||-1.03%|
|Table 2. Recent changes in total liabilities of SELJORD SPAREBANK (mln NOK).|
Recent changes in gross profit of SELJORD SPAREBANK and its main components are shown in Table 3.
|Net Interest Income||38.5||36.2||-5.89%|
|Table 3. Recent changes in gross profit of SELJORD SPAREBANK (mln NOK).|
In 2012 annual profit of SELJORD SPAREBANK was 7.94 mln NOK. Decline compared to the previous period (2011) was -0.65%. The evolution of the annual profit of SELJORD SPAREBANK is shown at Chart 2 below.