SELJORD SPAREBANK

On October 4, 2013, Seljord Sparebank merged with Bø Sparebank.

Contacts 
    Address  N-3840, Norway, SELJORD, Brøløsvegen 47
    Website  http://www.seljordbanken.no
Bank Identifiers 
    Company Number  937893477
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
Financial Positions 
    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%)

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  937893477

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 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

Financial Positions

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.

Total Assets of SELJORD SPAREBANK.
Chart 1. Total Assets of SELJORD SPAREBANK.

Recent changes in total assets of SELJORD SPAREBANK and its main components are shown in Table 1.

2011 2012 % Change
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.

2011 2012 % Change
Bank deposits 179.8 160.8 -10.59% ↓
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).

Profit and Loss

Recent changes in gross profit of SELJORD SPAREBANK and its main components are shown in Table 3.

2011 2012 % Change
Interest Income 86.0 80.7 -6.19% ↓
Interest Charges -47.6 -44.5 -6.44% ↓
Net Interest Income 38.5 36.2 -5.89% ↓
Commission Income 7.3 7.1 -3.60% ↓
Commission Charges -2.8 -2.7 -4.16% ↓
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.

Annual Profit of SELJORD SPAREBANK.
Chart 2. Annual Profit of SELJORD SPAREBANK.

Related Information on Norway

Economy and Banking Sector of Norway

List of Banks in Norway

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