Established in 1876, Salling Bank was an autonomous and independent local bank with 9,600 shareholders who mostly lived in the local area. Salling Bank was a universal bank, offering retail, private and business banking products and services. In October 2020, Salling Bank was merged into Sparekassen Vendsyssel.
In 2019, SALLING BANK A/S achieved the position of 34th largest bank in Denmark with a market share of 0.05%; its total assets grew by 10.43%.
Additionally, the bank became the 41st profitable bank in relation to its total assets showcasing 0.79% return on assets and 6.00% return on equity in 2019.
Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in SALLING BANK A/S.
SALLING BANK A/S ranked as the 34th largest bank in Denmark by total assets. In 2019 its total assets were 4,251.38 mln DKK, representing a 0.05% market share. In 2019 the bank's net income was 31.88 mln DKK.
SALLING BANK A/S 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.
SALLING BANK A/S was headquartered in Skive.
SALLING BANK A/S has profiles at the following social networks:
SALLING BANK A/S was authorized and supervised by the Danish Financial Supervisory Authority (reference number 7890).
SALLING BANK A/S provides products and services in the areas of retail banking, private banking, business banking. SALLING BANK A/S offers a range of products including current accounts, basic current accounts, salary accounts, savings accounts, retirement savings, children deposit accounts, debit cards, credit cards, consumer loans, car loans, overdraft loans, mortgage loans.
Products and services offered by SALLING BANK A/S are available at its branches and via its online banking system.
In 2019 total assets of SALLING BANK A/S were 4,251.38 mln DKK. Growth compared to the previous period (2018) was 10.43%. The evolution of the total assets of SALLING BANK A/S is shown at Chart 1 below.
Chart 1. Total Assets of SALLING BANK A/S.
Recent changes in total assets of SALLING BANK A/S and its main components are shown in Table 1.
2018 | 2019 | change (%) | |
---|---|---|---|
Cash and deposits with Central Banks | 92.7 | 122.3 | +31.93% |
Loans and advances at amortized cost | 1,924.7 | 1,755.9 | -8.77% |
Bonds at fair value | 652.5 | 120.3 | -81.57% |
Shares and other variable-yield securities | 145.0 | 125.2 | -13.64% |
Total Assets | 3,849.7 | 4,251.4 | +10.43% |
Table 1. Recent changes in total assets of SALLING BANK A/S (mln DKK).
Recent changes in total liabilities of SALLING BANK A/S and its main components are shown in Table 2.
2018 | 2019 | change (%) | |
---|---|---|---|
Amount owed to banks | 0.0 | 19.4 | +1,941,200.00% |
Deposits | 2,625.8 | 2,742.0 | +4.42% |
Issued bonds at amortized cost | 12.5 | 42.5 | +240.00% |
Total Liabilities | 3,849.7 | 4,251.4 | +10.43% |
Table 2. Recent changes in total liabilities of SALLING BANK A/S (mln DKK).
Recent changes in gross profit of SALLING BANK A/S and its main components are shown in Table 3.
2018 | 2019 | change (%) | |
---|---|---|---|
Interest Income | 100.7 | 97.2 | -3.55% |
Interest Charges | -1.7 | -0.1 | -94.05% |
Net Interest Income | 99.1 | 97.1 | -2.03% |
Commission Income | 63.7 | 71.5 | +12.18% |
Commission Charges | -4.9 | -5.1 | +3.77% |
Net Commission Income | 58.8 | 66.4 | +12.87% |
Table 3. Recent changes in gross profit of SALLING BANK A/S (mln DKK).
In 2019 net income of SALLING BANK A/S was 31.88 mln DKK. Decline compared to the previous period (2018) was -5.06%. The evolution of the net income of SALLING BANK A/S is shown at Chart 2 below.
Chart 2. Net Income of SALLING BANK A/S.
Discover key identifiers of SALLING BANK A/S including its BIC, LEI, company number, MFI ID.
BIC: SALLDK22XXX
The BIC (also known as SWIFT code) for SALLING BANK A/S is SALLDK22XXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
Key | Value |
---|---|
BIC | SALLDK22XXX |
Bank BIC Code | SALL |
Country Code | DK (Denmark) |
Location Code | 22 |
Branch Code | XXX |
LEI: 549300YDEAU8LO2OYF62
SALLING BANK A/S’s LEI is 549300YDEAU8LO2OYF62. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
Key | Value |
---|---|
LEI | 549300YDEAU8LO2OYF62 |
LOU Identifier | 5493 |
Reserved | 00 |
Entity Identifier | YDEAU8LO2OYF |
Verification ID | 62 |
Company Registration Number: 37760412
SALLING BANK A/S is registered in Denmark under company number 37760412. This unique identifier is assigned by the Danish Business Authority (Erhvervsstyrelsen),company details are then available in the Danish Business Register.
Key | Value |
---|---|
Company Number | 37760412 |
MFI ID: DK37760412
SALLING BANK A/S’s MFI ID, DK37760412, 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 | DK37760412 |
Country Code | DK |
MFI Code | 37760412 |
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