SALLING BANK A/S

Anna Mileiko Created by Anna Mileiko

SALLING BANK A/S Logo

Address

Frederiksgade 6, 7800, Skive, Denmark

BIC

SALLDK22XXX

Overview

Category

Commercial banks

Business Focus

universal banking

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.

Performance

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.

Deposit Protection

Deposits up to 100,000 EUR are covered by Danish deposit guarantee scheme in SALLING BANK A/S.

Services

retail banking
private banking
business banking

Products

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

Card Providers

VisaMasterCard

See Also

Ways to Bank

SALLING BANK A/S delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Common Shares

Listed Entity
Salling Bank
ISIN
DK0010017367
Stock Exchange
Nasdaq CopenhagenNasdaq Copenhagen (XCSE)
Ticker
SALB

See Also

Financials

Total Assets of SALLING BANK A/S
Net_income of SALLING BANK A/S
Market Share of SALLING BANK A/S
Total Assets (2019)
4,251.38 mln DKK   (+10.43%)
Net Income (2019)
31.88 mln DKK   (-5.06%)

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.

Deposit Guarantee

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

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.

See Also

Contacts

addressFrederiksgade 6, 7800, Skive, Denmark
po box119
phone97523366
fax97510696
websitehttps://www.sallingbank.dk/

SALLING BANK A/S was headquartered in Skive.

Social Networks

SALLING BANK A/S has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
SALLDK22XXX
LEI
549300YDEAU8LO2OYF62
Company Number
37760412
MFI ID
DK37760412

Bank Supervision

Supervised By
Danish Financial Supervisory Authority
Reference Number
7890

SALLING BANK A/S was authorized and supervised by the Danish Financial Supervisory Authority (reference number 7890).

Bank History

Close Date
February 2021

Business Summary

Services
retail banking
private banking
business banking
Products
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
Card Providers
VisaVisa
MasterCardMasterCard

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.

Ways to Bank

Business Channels
branch branch
online banking online banking

Products and services offered by SALLING BANK A/S are available at its branches and via its online banking system.

Balance Sheet

Total Assets (2019)
4,251.38 mln DKK   (+10.43%)
Total Equity (2019)
539.12 mln DKK   (+2.96%)

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.

Total Assets of SALLING BANK A/S.

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).

Income Statement

Net Income (2019)
31.88 mln DKK   (-5.06%)

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.

Net Income of SALLING BANK A/S.

Chart 2. Net Income of SALLING BANK A/S.

Market Share and Rank (among banks in Denmark)

Total Assets (2019)
34th (market share 0.05%)

In 2019 SALLING BANK A/S was ranked the 34th largest bank in Denmarkin terms of total assets, having 0.05% of the domestic market share.

Market share of SALLING BANK A/S (among banks in Denmark)

Chart 3. Market share of SALLING BANK A/S (among banks in Denmark)

Historical changes in SALLING BANK A/S's domestic rank and market share over 2015-2019 are shown below:

YearRankMarket %
2019340.05 %
2018340.05 %
2017340.05 %
2016380.04 %
2015390.04 %

TheBanks.eu identified several banks banks having the market shares and ranks closest to SALLING BANK A/S listed below.

RankNameMarket %Total Assets
33 FYNSKE BANK A/S0.11%8,901.91 mln DKK   (+1.96%)
34 SALLING BANK A/S0.05%4,251.38 mln DKK   (+10.43%)
35 KREDITBANKEN A/S0.07%5,938.43 mln DKK   (+9.97%)

Identifiers of SALLING BANK A/S

Discover key identifiers of SALLING BANK A/S including its BIC, LEI, company number, MFI ID.

BIC (Business Identifier Code)

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.

KeyValue
BIC SALLDK22XXX
Bank BIC Code SALL
Country Code DK (Denmark)
Location Code 22
Branch Code XXX

LEI (Legal Entity Identifier)

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.

KeyValue
LEI 549300YDEAU8LO2OYF62
LOU Identifier 5493
Reserved 00
Entity Identifier YDEAU8LO2OYF
Verification ID 62

Company Registration Number

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.

KeyValue
Company Number 37760412

MFI ID (Monetary Financial Institution Identifier)

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.

KeyValue
MFI ID DK37760412
Country Code DK
MFI Code 37760412

Banks Similar to SALLING BANK A/S

TheBanks.eu identified several banks similar to SALLING BANK A/S based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus
  • total assets (market share)

Bank Category
Commercial banks
Business Focus
regional retail banking
Total Assets
13,359.79 mln DKK   (+9.97%)

Bank Category
Commercial banks
Business Focus
pension solutions
Total Assets
9,552.35 mln DKK   (+7.32%)

Bank Category
Commercial banks
Business Focus
regional universal banking
Total Assets
11,966.91 mln DKK   (+6.58%)

Bank Category
Commercial banks
Business Focus
regional retail banking
Total Assets
5,938.43 mln DKK   (+9.97%)

Bank Category
Commercial banks
Business Focus
retail banking, SME banking
Total Assets
5,050.86 mln DKK   (+1.76%)

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