Sparisjóður Norðfjarðar

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Sparisjóður Norðfjarðar Logo

Address

Egilsbraut 25, 740, Neskaupstaður, Iceland

BIC

n/a

Overview

Category

Savings banks

Business Focus

retail banking

On May 16, 2015 Sparisjóður Norðfjarðar merged with Sparisjóði Austurlands.

Performance

In 2013, Sparisjóður Norðfjarðar achieved the position of 8th largest bank in Iceland with a market share of 0.17%; its total assets grew by 0.30%.

Additionally, the bank became the 5th profitable bank in relation to its total assets showcasing 0.99% return on assets and 8.32% return on equity in 2013.

Also the lender held the 8th position regarging its loans-to-deposits (L/D) registering 66.79% L/D ratio in 2013.

Deposit Protection

Deposits up to 100,000 EUR are covered by Icelandic deposit guarantee scheme in Sparisjóður Norðfjarðar.

Ways to Bank

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

Financials

Total Assets of Sparisjóður Norðfjarðar
Annual_profit of Sparisjóður Norðfjarðar
Market Share of Sparisjóður Norðfjarðar
Total Assets (2013)
5,257.39 mln ISK   (+0.30%)
Annual Profit (2013)
51.89 mln ISK   (+170.02%)

Sparisjóður Norðfjarðar ranked as the 8th largest bank in Iceland by total assets. In 2013 its total assets were 5,257.39 mln ISK, representing a 0.17% market share. It was also the 4th largest savings bank in Iceland, commanding a 10.18% share among savings banks. In 2013 the bank's annual profit was 51.89 mln ISK.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)
Covered Accounts
any credit balance
Eligible Depositors
natural persons
legal entities

Sparisjóður Norðfjarðar protects deposits up to up to 100,000 EUR per depositor through Iceland's deposit guarantee scheme. The scheme applies to any credit balance made by natural persons, legal entities. The bank participates in the Icelandic Depositors’ and Investors’ Guarantee Fund (TIF), making regular contributions into it.

See Also

Contacts

addressEgilsbraut 25, 740, Neskaupstaður, Iceland
websitehttp://www.spar.is/

Sparisjóður Norðfjarðar was located in Neskaupstaður.

See Also

Bank Identifiers

Company Number
610269-7029

Bank Supervision

Supervised By
Central Bank of Iceland

Sparisjóður Norðfjarðar was authorized and supervised by the Central Bank of Iceland.

Bank History

Close Date
16 May 2015
Flag of Iceland

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