KRAGERØ SPAREBANK

Anna MileikoCreated by Anna Mileiko

KRAGERØ SPAREBANK Logo

Address

Kirkegata 26, 3770, KRAGERØ, Norway

BIC

n/a

Overview

Category

Savings banks

Business Focus

regional retail banking

On January 1, 2017 Kragerø Sparebank was merged with Bamble Sparebank to form Skagerrak Sparebank.

Performance

In 2016, KRAGERØ SPAREBANK achieved the position of 69th largest bank in Norway with a market share of 0.09%; its total assets grew by 3.92%.

Additionally, the bank became the 99th profitable bank in relation to its total assets showcasing 0.65% return on assets in 2014.

Deposit Protection

Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in KRAGERØ SPAREBANK.

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

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

Financials

Total Assets of KRAGERØ SPAREBANK
Annual_profit of KRAGERØ SPAREBANK
Market Share of KRAGERØ SPAREBANK
Total Assets (2016)
3,332.81 mln NOK   (+3.92%)
Annual Profit (2016)
7.73 mln NOK   (-55.23%)

KRAGERØ SPAREBANK was the 69th largest bank in Norway in terms of total assets. In 2016 its total assets were 3 332,81 mln NOK, providing the bank with the market share of 0.09%. KRAGERØ SPAREBANK was the 55th largest savings bank in Norway (out of 104 savings banks) having market share of 0.27% amongst the banks of this category. In 2016 the bank's annual profit was 7,73 mln NOK.

Deposit Guarantee

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

KRAGERØ SPAREBANK participates in the deposit guarantee scheme of Norway which 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. KRAGERØ SPAREBANK is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

See Also

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

Contacts

addressKirkegata 26, 3770, KRAGERØ, Norway
websitehttp://www.kragerobanken.no

KRAGERØ SPAREBANK was located in KRAGERØ.

Bank Identifiers

LEI
5967007LIEEXZX7PLC21
Company Number
937892039

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937892039

KRAGERØ SPAREBANK was authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937892039).

Bank History

Start Date
01 January 2006
Close Date
31 December 2016
Flag of Norway

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