LOFOTEN SPAREBANK

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Business Focus
regional retail banking

LOFOTEN 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 LOFOTEN SPAREBANK includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

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

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

Financials

Total Assets of LOFOTEN SPAREBANK
Operating_income of LOFOTEN SPAREBANK
Market Share of LOFOTEN SPAREBANK
Total Assets (2018)
1,745.63 mln NOK  (+17.95%)
Operating Income (2018)
22.66 mln NOK  (-1.05%)

LOFOTEN SPAREBANK is the 108th largest bank in Norway in terms of total assets. In 2018 its total assets were 1 745,63 mln NOK, providing the bank with the market share of 0.05%. LOFOTEN SPAREBANK is the 90th largest savings bank in Norway (out of 99 savings banks) having market share of 0.12% amongst the banks of this category. In 2018 the bank's operating income was 22,66 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

LOFOTEN 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. LOFOTEN SPAREBANK is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it.

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

Contacts

Hovdveien 22, 8360, BØSTAD, Norway

LOFOTEN SPAREBANK is located in BØSTAD.

Bank Identifiers

LEI
5967007LIEEXZX7R4W53
Company Number
937904495

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937904495

LOFOTEN SPAREBANK is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937904495).

Bank History

Start Date
01 January 2006

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