Any bank can be identified for different purposes and hence can have several different identifiers.
Company Registration Number
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.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Credit ratings assigned to FANA SPAREBANK as of December 2014 are shown in details in the following sections.
Long-term rating is for FANA SPAREBANK it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Bank financial strength rating is D+ (modest intrinsic financial strength). Short-term rating is not assigned.
Outlook for the ratings of FANA SPAREBANK is set to negative (may be lowered).
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 FANA SPAREBANK failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
Further Information: Deposit Guarantee Scheme in Norway
In 2013 total assets of FANA SPAREBANK were 1 713.43 mln EUR. Decline compared to the previous period (2012) was -11.37%. The evolution of the total assets of FANA SPAREBANK is shown at Chart 1 below.
Recent changes in total assets of FANA SPAREBANK and its main components are shown in Table 1.
Recent changes in total liabilities of FANA SPAREBANK and its main components are shown in Table 2.
Profit and Loss
Recent changes in gross profit of FANA SPAREBANK and its main components are shown in Table 3.
In 2013 annual profit of FANA SPAREBANK was 12.06 mln EUR. Growth compared to the previous period (2012) was 44.05%. The evolution of the annual profit of FANA SPAREBANK is shown at Chart 2 below.
Related Information on Norway