On April 1, 2012 Fanefjord Sparekasse was merged with Møns Bank.
In 2011, Fanefjord Sparekasse achieved the position of 92nd largest bank in Denmark with a market share of 0.00%; its total assets dropped by 2.52%.
Additionally, the bank became the 75th profitable bank in relation to its total assets showcasing -0.22% return on assets and -1.58% return on equity in 2011.
Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in Fanefjord Sparekasse.
Fanefjord Sparekasse ranked as the 92nd largest bank in Denmark by total assets. In 2011 its total assets were 314.75 mln DKK, representing a 0.00% market share. It was also the 34th largest savings bank in Denmark, commanding a 0.21% share among savings banks. In 2011 the bank's net income was -692,000.00 DKK.
Fanefjord Sparekasse protects deposits up to up to 100,000 EUR per depositor through Denmark's deposit guarantee scheme. The scheme applies to cash deposits made by natural persons, legal entities. The bank participates in the Finansiel Stabilitet, making regular contributions into it.
Fanefjord Sparekasse was located in Askeby.
Fanefjord Sparekasse was authorized and supervised by the Danish Financial Supervisory Authority.
In 2011 total assets of Fanefjord Sparekasse were 314.75 mln DKK. Decline compared to the previous period (2010) was -2.52%. The evolution of the total assets of Fanefjord Sparekasse is shown at Chart 1 below.
Chart 1. Total Assets of Fanefjord Sparekasse.
Recent changes in total assets of Fanefjord Sparekasse and its main components are shown in Table 1.
2010 | 2011 | change (%) | |
---|---|---|---|
Cash and deposits with Central Banks | 1.6 | 1.8 | +8.66% |
Loans and advances at fair value | 0.0 | 0.0 | 0.00% |
Loans and advances at amortized cost | 148.6 | 140.0 | -5.77% |
Bonds at fair value | 126.7 | 105.6 | -16.67% |
Bonds at amortized cost | 0.0 | 0.0 | 0.00% |
Shares and other variable-yield securities | 7.8 | 7.2 | -7.73% |
Total Assets | 322.9 | 314.7 | -2.52% |
Table 1. Recent changes in total assets of Fanefjord Sparekasse (mln DKK).
Recent changes in total liabilities of Fanefjord Sparekasse and its main components are shown in Table 2.
2010 | 2011 | change (%) | |
---|---|---|---|
Amount owed to banks | 0.0 | 0.0 | 0.00% |
Deposits | 274.9 | 269.5 | -1.97% |
Issued bonds at fair value | 0.0 | 0.0 | 0.00% |
Issued bonds at amortized cost | 0.0 | 0.0 | 0.00% |
Total Liabilities | 322.9 | 314.7 | -2.52% |
Table 2. Recent changes in total liabilities of Fanefjord Sparekasse (mln DKK).
Recent changes in gross profit of Fanefjord Sparekasse and its main components are shown in Table 3.
2010 | 2011 | change (%) | |
---|---|---|---|
Interest Income | 16.3 | 15.6 | -4.38% |
Interest Charges | -5.2 | -3.8 | -27.03% |
Net Interest Income | 11.2 | 11.8 | +6.09% |
Commission Income | 2.2 | 1.9 | -12.64% |
Commission Charges | -0.2 | -0.1 | -34.07% |
Net Commission Income | 13.2 | 13.7 | +3.34% |
Table 3. Recent changes in gross profit of Fanefjord Sparekasse (mln DKK).
In 2011 net income of Fanefjord Sparekasse was -692,000.00 DKK. Decline compared to the previous period (2010) was -257.63%. The evolution of the net income of Fanefjord Sparekasse is shown at Chart 2 below.
Chart 2. Net Income of Fanefjord Sparekasse.
Discover key identifiers of Fanefjord Sparekasse including its MFI ID.
MFI ID: DK000644
Fanefjord Sparekasse’s MFI ID, DK000644, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Denmark (DK), followed by the institutions's internal ID.
Key | Value |
---|---|
MFI ID | DK000644 |
Country Code | DK |
MFI Code | 000644 |
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