J.A.K. Andelskassen Varde

Anna MileikoCreated by Anna Mileiko

J.A.K. Andelskassen Varde Logo

Address

Storegade 43, 6800, Varde, Denmark

BIC

n/a

Overview

Category

Cooperative banks

Business Focus

cooperative retail banking

Since February 10, 2013, J.A.K. Andelskasse Varde operates as a subsidiary of Folkesparekassen.

Performance

In 2011, J.A.K. Andelskassen Varde achieved the position of 117th largest bank in Denmark with a market share of 0.00%; its total assets dropped by 1.99%.

Additionally, the bank became the 113th profitable bank in relation to its total assets showcasing -3.15% return on assets and -15.31% return on equity in 2011.

Deposit Protection

Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in J.A.K. Andelskassen Varde.

Ways to Bank

J.A.K. Andelskassen Varde delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of J.A.K. Andelskassen Varde
Net_income of J.A.K. Andelskassen Varde
Market Share of J.A.K. Andelskassen Varde
Total Assets (2011)
20.30 mln DKK   (-1.99%)
Net Income (2011)
-647,000.00 DKK   (+729.49%)

J.A.K. Andelskassen Varde was the 117th largest bank in Denmark in terms of total assets. In 2011 its total assets were 20,30 mln DKK, providing the bank with the market share of 0.00%. J.A.K. Andelskassen Varde was the 12th largest cooperative bank in Denmark (out of 12 cooperative banks) having market share of 0.11% amongst the banks of this category. In 2011 the bank's net income was -647 000,00 DKK.

Deposit Guarantee

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

J.A.K. Andelskassen Varde participates in the deposit guarantee scheme of Denmark which applies to cash deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. J.A.K. Andelskassen Varde is a member of Finansiel Stabilitet and makes its contributions into it.

See Also

Contacts

addressStoregade 43, 6800, Varde, Denmark

J.A.K. Andelskassen Varde was located in Varde.

See Also

Bank Identifiers

MFI ID
DK013370

Bank Supervision

Supervised By
Danish Financial Supervisory Authority

J.A.K. Andelskassen Varde was authorized and supervised by the Danish Financial Supervisory Authority.

Bank History

Close Date
February 2013
Flag of Denmark

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