On January 1, 2017 Kragerø Sparebank was merged with Bamble Sparebank to form Skagerrak Sparebank.
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.
Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in KRAGERØ SPAREBANK.
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.
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.
KRAGERØ SPAREBANK is a member of Eika Gruppen (Norway).
KRAGERØ SPAREBANK was located in KRAGERØ.
KRAGERØ SPAREBANK was authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937892039).