SKAGERRAK SPAREBANK

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Business Focus
regional retail banking

Skagerrak Sparebank was established on January 1, 2017 as a result of the merger between Bamble Sparebank and Kragerø Sparebank. Skagerrak Sparebank is a local savings bank, offering retail and corporate banking products and services.

Bank Category

Savings banks

Services

retail banking
insurance

Clients

private individuals
SMEs
companies

Area Served

local municipality

Products

current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

Ways to Bank

SKAGERRAK SPAREBANK delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of SKAGERRAK SPAREBANK
Operating_income of SKAGERRAK SPAREBANK
Market Share of SKAGERRAK SPAREBANK
Total Assets (2018)
9,714.05 mln NOK  (+8.16%)
Operating Income (2018)
78.23 mln NOK  (+51.09%)

SKAGERRAK SPAREBANK is the 35th largest bank in Norway in terms of total assets. In 2018 its total assets were 9 714,05 mln NOK, providing the bank with the market share of 0.25%. SKAGERRAK SPAREBANK is the 24th largest savings bank in Norway (out of 99 savings banks) having market share of 0.67% amongst the banks of this category. In 2018 the bank's operating income was 78,23 mln NOK.

Deposit Guarantee

Protected Amount
up to 2,000,000 NOK
Guarantee Fund
Norwegian Banks' Guarantee Fund
Covered Depositors
natural persons (Norwegian and foreign)
legal entities (Norwegian and foreign)
Covered Accounts
current accounts
savings accounts
time deposit accounts

SKAGERRAK SPAREBANK participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. SKAGERRAK SPAREBANK is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it.

SKAGERRAK SPAREBANK is a member of Eika Gruppen (Norway).

Contacts

Kirkegata 26, 3770, KRAGER, Norway

SKAGERRAK SPAREBANK is located in KRAGER.

Bank Identifiers

LEI
5967007LIEEXZX5OAG06
Company Number
937891245

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937891245

SKAGERRAK SPAREBANK is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937891245).

Bank History

Start Date
20 December 2016

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