CULTURA SPAREBANK is a local savings bank, focused on retail banking and insurance products and services to local residends: private individuals, SMEs and companies. The range of products offered by CULTURA SPAREBANK includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.
CULTURA SPAREBANK is the 119th largest bank in Norway in terms of total assets. In 2016 its total assets were 836,69 mln NOK, providing the bank with the market share of 0.02%. CULTURA SPAREBANK is the 102nd largest savings bank in Norway (out of 104 savings banks) having market share of 0.07% amongst the banks of this category. In 2016 the bank's operating income was 6,66 mln NOK.
CULTURA SPAREBANK participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2 000 000 NOK per bank per depositor.
CULTURA SPAREBANK is located in OSLO.
time deposit accounts
CULTURA SPAREBANK provides products and services in the areas of retail banking, insurance. The range of products offered by CULTURA SPAREBANK includes current accounts, credit cards, debit cards, savings accounts, time deposit accounts, consumer loans, car loans, mortgage loans. CULTURA SPAREBANK makes its solutions available to private individuals, SMEs, companies.
|Total Assets (2016)|
|836.69 mln NOK (+10.75%)|
|Total Equity (2016)|
|76.52 mln NOK (+17.95%)|
In 2016 total assets of CULTURA SPAREBANK were 836.69 mln NOK. Growth compared to the previous period (2015) was 10.75%. The evolution of the total assets of CULTURA SPAREBANK is shown at Chart 1 below.
Chart 1. Total Assets of CULTURA SPAREBANK.
Recent changes in total assets of CULTURA SPAREBANK and its main components are shown in Table 1.
|Cash and deposits with Central Banks||67.2||60.1||-10.60%|
|Loans to banks||57.6||38.7||-32.79%|
|Loans to customers||459.7||510.7||+11.09%|
|Table 1. Recent changes in total assets of CULTURA SPAREBANK (mln NOK).|
Recent changes in total liabilities of CULTURA SPAREBANK and its main components are shown in Table 2.
|Table 2. Recent changes in total liabilities of CULTURA SPAREBANK (mln NOK).|
|Operating Income (2016)|
|6.66 mln NOK (+185.64%)|
|Annual Profit (2016)|
|5.53 mln NOK (+239.23%)|
Recent changes in gross profit of CULTURA SPAREBANK and its main components are shown in Table 3.
|Net Interest Income||20.2||18.9||-6.87%|
|Table 3. Recent changes in gross profit of CULTURA SPAREBANK (mln NOK).|
In 2016 annual profit of CULTURA SPAREBANK was 5.53 mln NOK. Growth compared to the previous period (2015) was 239.23%. The evolution of the annual profit of CULTURA SPAREBANK is shown at Chart 2 below.
Chart 2. Annual Profit of CULTURA SPAREBANK.
|Yes (up to 2 000 000 NOK 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 Norway are obliged to participate in Norwegian deposit guarantee scheme.
In the case of CULTURA SPAREBANK failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||any credit balance on a named account, and any debt evidenced by a certificate of deposit issued to a named person|
|Maximum Protected Amount||2 000 000 NOK|
|Paid In Currency||NOK|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.