SpareBank 1 SR-Bank

Address  N-4007, Norway, STAVANGER, Bjergsted Terrasse 1
Website  http://www.sr-bank.no

Member of Group  SpareBank1 (Norway)
Bank Identifiers 
    Company Number  937895321
Bank Category  Savings bank
Credit Ratings (July 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

SpareBank 1 SR-Bank located at Norway, STAVANGER is a member of a banking group SpareBank1 (Norway). 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  937895321

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, SpareBank 1 SR-Bank is rated by Fitch and Moody's.

Credit ratings assigned to SpareBank 1 SR-Bank as of July 2014 are shown in details in the following sections.

Fitch

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-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  a-
Support Rating  3
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).

Moody's

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 Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  C-
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of SpareBank 1 SR-Bank 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 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

Related Information on Norway

Economy and Banking Sector of Norway

List of Banks in Norway