Sparisjóður Austurlands was incorporated on January 16, 2015 to take over the operation of Sparisjóður Norðfjarðar. Sparisjóður Norðfjarðar was merged with the newly formed Sparisjóður Austurlands on May 16, 2015.
Sparisjóður Austurlands hf is the 6th largest bank in Iceland in terms of total assets. In 2019 its total assets were 7 016,14 mln ISK, providing the bank with the market share of 0.18%. Sparisjóður Austurlands hf is the 2nd largest savings bank in Iceland (out of 4 savings banks) having market share of 26.49% amongst the banks of this category. In 2019 the bank's annual profit was 55,33 mln ISK.
Sparisjóður Austurlands hf participates in the deposit guarantee scheme of Iceland. This deposit guarantee scheme applies to any credit balance made by natural persons and covers up to up to 1,700,000 ISK per bank per depositor. Sparisjóður Austurlands hf is a member of Icelandic Depositors’ and Investors’ Guarantee Fund (TIF) and makes its contributions into it.
Sparisjóður Austurlands hf is located in Neskaupstaður.
Sparisjóður Austurlands hf is authorized and supervised by the Central Bank of Iceland.