|Address||4007, Norway, STAVANGER, Bjergsted Terrasse 1|
|Member of Group||SpareBank1 (Norway)|
|Bank Category||Savings bank|
|Credit Ratings (as of Dec 2014)|
|Fitch||A- (high credit quality)|
|Moody's||A2 (upper 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)||173.29 bln NOK (+11.38%)|
|Total Equity (2014)||13 797.00 mln NOK (+8.60%)|
|Profit and Loss|
|Operating Income (2014)||2 252.00 mln NOK (-1.87%)|
|Annual Profit (2014)||1 806.00 mln NOK (-1.74%)|
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||937895321|
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, SpareBank 1 SR-Bank is rated by Fitch and Moody's.
Credit ratings assigned to SpareBank 1 SR-Bank as of December 2014 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for SpareBank 1 SR-Bank it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for SpareBank 1 SR-Bank is set to F2 (good short-term credit quality).
|Long-Term Issuer Default Rating||A-|
|Short-Term Issuer Default Rating||F2|
|Support Rating Floor||BB+|
Viability rating for SpareBank 1 SR-Bank is set to a- (high fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB+ (speculative).
Long-term rating is for SpareBank 1 SR-Bank it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is C- (adequate intrinsic financial strength). Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||A2|
|Bank Financial Strength Rating||C-|
Outlook for the ratings of SpareBank 1 SR-Bank 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 SpareBank 1 SR-Bank 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 SpareBank 1 SR-Bank were 173.29 bln NOK. Growth compared to the previous period (2013) was 11.38%. The evolution of the total assets of SpareBank 1 SR-Bank is shown at Chart 1 below.
Recent changes in total assets of SpareBank 1 SR-Bank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||1.3||1.8||+46.01%|
|Loans to banks||6.7||8.1||+21.71%|
|Loans to customers||114.0||134.8||+18.26%|
|Table 1. Recent changes in total assets of SpareBank 1 SR-Bank (bln NOK).|
Recent changes in total liabilities of SpareBank 1 SR-Bank and its main components are shown in Table 2.
|Table 2. Recent changes in total liabilities of SpareBank 1 SR-Bank (bln NOK).|
Recent changes in gross profit of SpareBank 1 SR-Bank and its main components are shown in Table 3.
|Interest Income||5 442.0||5 918.0||+8.75%|
|Interest Charges||-3 535.0||-3 736.0||+5.69%|
|Net Interest Income||1 907.0||2 182.0||+14.42%|
|Commission Income||1 409.0||1 319.0||-6.39%|
|Table 3. Recent changes in gross profit of SpareBank 1 SR-Bank (mln NOK).|
In 2014 annual profit of SpareBank 1 SR-Bank was 1 806.00 mln NOK. Decline compared to the previous period (2013) was -1.74%. The evolution of the annual profit of SpareBank 1 SR-Bank is shown at Chart 2 below.