Sparekassen i Skals

In December 2012 Sparekassen i Skals was taken over by Den Jyske Sparekasse.

Bank Category

Savings banks

Financials

Total Assets (2011)
1 756.06 mln DKK  (-5.45%)
Net Income (2011)
-23 495 000.00 DKK

In 2011 total assets of Sparekassen i Skals were 1 756,06 mln DKK. In 2011 the bank's net income was -23,50 mln DKK.

Sparekassen i Skals participates in deposit guarantee scheme of Denmark. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Hovedgaden 18, 8832, Skals, Denmark

Sparekassen i Skals was located in Skals.

Bank Identifiers

MFI ID
DK009261
Close Date
December 2012

Financial Positions

Total Assets (2011)
1 756.06 mln DKK  (-5.45%)
Total Equity (2011)
277.08 mln DKK  (-8.45%)

In 2011 total assets of Sparekassen i Skals were 1 756.06 mln DKK. Decline compared to the previous period (2010) was -5.45%. The evolution of the total assets of Sparekassen i Skals is shown at Chart 1 below.

Total Assets of Sparekassen i Skals.

Chart 1. Total Assets of Sparekassen i Skals.

Recent changes in total assets of Sparekassen i Skals and its main components are shown in Table 1.

2010 2011 % change
Cash and deposits with Central Banks 69.8 102.9 +47.39%
Loans and advances at fair value 4.5 0.0 -100.00%
Loans and advances at amortized cost 1 199.4 1 181.1 -1.53%
Bonds at fair value 332.5 309.2 -7.00%
Bonds at amortized cost 0.0 0.0 0.00%
Shares and other variable-yield securities 90.7 90.9 +0.29%
Total Assets 1 857.3 1 756.1 -5.45%
Table 1. Recent changes in total assets of Sparekassen i Skals (mln DKK).

Recent changes in total liabilities of Sparekassen i Skals and its main components are shown in Table 2.

2010 2011 % change
Amount owed to banks 0.0 0.0 0.00%
Deposits 1 403.6 1 345.2 -4.16%
Issued bonds at fair value 0.0 0.0 0.00%
Issued bonds at amortized cost 100.0 100.0 0.00%
Total Liabilities 1 857.3 1 756.1 -5.45%
Table 2. Recent changes in total liabilities of Sparekassen i Skals (mln DKK).

Profit and Loss

Net Income (2011)
-23 495 000.00 DKK

Recent changes in gross profit of Sparekassen i Skals and its main components are shown in Table 3.

2010 2011 % change
Interest Income 88.8 90.4 +1.78%
Interest Charges -26.0 -27.3 +4.96%
Net Interest Income 62.8 63.1 +0.46%
Commission Income 20.6 20.7 +0.26%
Commission Charges -0.2 -0.3 +15.06%
Net Commission Income 84.1 84.8 +0.82%
Table 3. Recent changes in gross profit of Sparekassen i Skals (mln DKK).

In 2011 net income of Sparekassen i Skals was -23 495 000.00 DKK. Decline compared to the previous period (2010) was -2 387.73%. The evolution of the net income of Sparekassen i Skals is shown at Chart 2 below.

Net Income of Sparekassen i Skals.

Chart 2. Net Income of Sparekassen i Skals.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Denmark are obliged to participate in Danish deposit guarantee scheme.

In the case of Sparekassen i Skals failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  cash deposits
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Sparekassen i Skals is shown in the table below.

MFI ID  DK009261