OFOTEN SPAREBANK was a local savings bank,providing retail banking products and services toprivate individuals and companies.
In 2019, OFOTEN SPAREBANK achieved the position of 96th largest bank in Norway with a market share of 0.07%; its total assets grew by 9.79%.
Additionally, the bank became the 88th profitable bank in relation to its total assets showcasing 0.73% return on assets in 2014.
Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in OFOTEN SPAREBANK.
OFOTEN SPAREBANK ranked as the 96th largest bank in Norway by total assets. In 2019 its total assets were 2,908.59 mln NOK, representing a 0.07% market share. It was also the 77th largest savings bank in Norway, commanding a 0.19% share among savings banks. In 2019 the bank's annual profit was 24.56 mln NOK.
OFOTEN SPAREBANK protects deposits up to up to 2,000,000 NOK per depositor through Norway's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign). The bank participates in the Norwegian Banks' Guarantee Fund (NBGF), making regular contributions into it.
OFOTEN SPAREBANK is a member of Eika Gruppen (Norway).
OFOTEN SPAREBANK was located in BOGEN I OFOTEN.
OFOTEN SPAREBANK was authorized and supervised by the Financial Supervisory Authority of Norway (reference number 955008863).