SANDNES SPAREBANK

 (3.2; 6 ratings)
3.2 6
Business Focus
regional retail banking

SANDNES 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 SANDNES 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

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

Financials

Total Assets of SANDNES SPAREBANK
Operating_income of SANDNES SPAREBANK
Market Share of SANDNES SPAREBANK
Total Assets (2018)
20,169.88 mln NOK  (+1.30%)
Operating Income (2018)
252.38 mln NOK  (+5.11%)

SANDNES SPAREBANK is the 23rd largest bank in Norway in terms of total assets. In 2018 its total assets were 20 169,88 mln NOK, providing the bank with the market share of 0.52%. SANDNES SPAREBANK is the 15th largest savings bank in Norway (out of 99 savings banks) having market share of 1.38% amongst the banks of this category. In 2018 the bank's operating income was 252,38 mln NOK.

Credit Ratings

Fitch: BBB
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

SANDNES SPAREBANK is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).

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

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

Contacts

Vestre Svanholmen 4, 4313, SANDNES, Norway

SANDNES SPAREBANK is located in SANDNES.

Bank Identifiers

LEI
549300G2EWXR3BRFKQ37
Company Number
915691161

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
915 691 161

SANDNES SPAREBANK is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 915 691 161).

Bank History

Start Date
01 January 2006

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