Sparekassen Lolland

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Sparekassen Lolland Logo

Address

Nygade 4, 4900, Nakskov, Denmark

BIC

n/a

Overview

Category

Savings banks

Business Focus

regional retail banking

In January 2013, Sparekassen Lolland was acquired by Jyske Bank after failing to meet solvency requirements.

Performance

In 2011, Sparekassen Lolland achieved the position of 22nd largest bank in Denmark with a market share of 0.18%; its total assets grew by 21.47%.

Additionally, the bank became the 96th profitable bank in relation to its total assets showcasing -1.25% return on assets and -15.66% return on equity in 2011.

Deposit Protection

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

Ways to Bank

Sparekassen Lolland delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Sparekassen Lolland
Net_income of Sparekassen Lolland
Market Share of Sparekassen Lolland
Total Assets (2011)
13,729.01 mln DKK   (+21.47%)
Net Income (2011)
-156,786,000.00 DKK   (+71.98%)

Sparekassen Lolland was the 22nd largest bank in Denmark in terms of total assets. In 2011 its total assets were 13 729,01 mln DKK, providing the bank with the market share of 0.18%. Sparekassen Lolland was the 2nd largest savings bank in Denmark (out of 52 savings banks) having market share of 9.03% amongst the banks of this category. In 2011 the bank's net income was -156,79 mln DKK.

Deposit Guarantee

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

Sparekassen Lolland 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. Sparekassen Lolland is a member of Finansiel Stabilitet and makes its contributions into it.

See Also

Contacts

addressNygade 4, 4900, Nakskov, Denmark
po box129

Sparekassen Lolland was located in Nakskov.

Bank Identifiers

MFI ID
DK000681

Bank Supervision

Supervised By
Danish Financial Supervisory Authority

Sparekassen Lolland was authorized and supervised by the Danish Financial Supervisory Authority.

Bank History

Close Date
January 2013
Flag of Denmark

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