FASTER ANDELSKASSE

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FASTER ANDELSKASSE Logo

Address

Højevej 18, Astrup, 6900, Skjern, Denmark

BIC

FAANDK21XXX

Overview

Category

Cooperative banks

Business Focus

cooperative retail banking

FASTER ANDELSKASSE is a cooperative bank owned by its members via shares.FASTER ANDELSKASSE provides retail and private banking products and services as well as pensions, insurance and investment funds products to its owners (members).

Performance

In 2023, FASTER ANDELSKASSE achieved the position of 49th largest bank in Denmark with a market share of 0.01%; its total assets grew by 8.44%.

Additionally, the bank became the 22nd profitable bank in relation to its total assets showcasing 1.83% return on assets and 15.62% return on equity in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in FASTER ANDELSKASSE.

Services

retail banking
business banking

Products

current accounts
payment cards
deposit accounts
consumer loans
pension accounts
business loans

Card Providers

MasterCard

See Also

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Ways to Bank

FASTER ANDELSKASSE delivers its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app

Financials

Total Assets of FASTER ANDELSKASSE
Net_income of FASTER ANDELSKASSE
Market Share of FASTER ANDELSKASSE
Total Assets (2023)
710.64 mln DKK   (+8.44%)
Net Income (2023)
12.49 mln DKK   (+706.72%)

FASTER ANDELSKASSE ranks as the 49th largest bank in Denmark by total assets. In 2023 its total assets were 710.64 mln DKK, representing a 0.01% market share. It is also the 5th largest cooperative bank in Denmark, commanding a 2.92% share among cooperative banks. In 2023 the bank's net income was 12.49 mln DKK.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Finansiel Stabilitet
Covered Accounts
cash deposits
Eligible Depositors
natural persons
legal entities

FASTER ANDELSKASSE 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.

See Also

Contacts

addressHøjevej 18, Astrup, 6900, Skjern, Denmark
phone97364167
fax96487019

FASTER ANDELSKASSE is located in Skjern.

Social Networks

FASTER ANDELSKASSE has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
FAANDK21XXX
LEI
549300D6B6F82KM21774
Company Number
21769916
MFI ID
DK21769916

Bank Supervision

Supervised By
Danish Financial Supervisory Authority
Reference Number
13070

FASTER ANDELSKASSE is authorized and supervised by the Danish Financial Supervisory Authority (reference number 13070).

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