OFOTEN SPAREBANK

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OFOTEN SPAREBANK Logo

Address

Bergvikveien 9, 8539, BOGEN I OFOTEN, Norway

BIC

n/a

Overview

Category

Savings banks

Business Focus

regional retail banking

OFOTEN SPAREBANK was a local savings bank,providing retail banking products and services toprivate individuals and companies.

Performance

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.

Deposit Protection

Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in OFOTEN 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

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

Financials

Total Assets of OFOTEN SPAREBANK
Annual_profit of OFOTEN SPAREBANK
Market Share of OFOTEN SPAREBANK
Total Assets (2019)
2,908.59 mln NOK   (+9.79%)
Annual Profit (2019)
24.56 mln NOK   (+22.44%)

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.

Deposit Guarantee

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

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.

See Also

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

Contacts

addressBergvikveien 9, 8539, BOGEN I OFOTEN, Norway
websitehttp://www.ofotensparebank.no

OFOTEN SPAREBANK was located in BOGEN I OFOTEN.

Bank Identifiers

LEI
5967007LIEEXZXETRK41
Company Number
955008863

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
955008863

OFOTEN SPAREBANK was authorized and supervised by the Financial Supervisory Authority of Norway (reference number 955008863).

Bank History

Start Date
01 January 2006
Close Date
01 July 2020
Flag of Norway

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