SpareBank 1 SR-Bank

 (5.0; 1 ratings)
5.0 1
Business Focus
regional retail banking

SpareBank 1 SR-Bank 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 SpareBank 1 SR-Bank 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

SpareBank 1 SR-Bank delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of SpareBank 1 SR-Bank
Operating_income of SpareBank 1 SR-Bank
Market Share of SpareBank 1 SR-Bank
Total Assets (2018)
180.89 bln NOK  (+1.01%)
Operating Income (2018)
2,597.00 mln NOK  (+13.01%)

SpareBank 1 SR-Bank is the 2nd largest bank in Norway in terms of total assets. In 2018 its total assets were 180,89 bln NOK, providing the bank with the market share of 4.69%. SpareBank 1 SR-Bank is the 1st largest savings bank in Norway (out of 99 savings banks) having market share of 12.39% amongst the banks of this category. In 2018 the bank's operating income was 2 597,00 mln NOK.

Credit Ratings

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

SpareBank 1 SR-Bank is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

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

SpareBank 1 SR-Bank 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. SpareBank 1 SR-Bank is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it.

Member of Group

 SpareBank1 (Norway)

SpareBank 1 SR-Bank is a member of SpareBank1 (Norway).

Contacts

Bjergsted Terrasse 1, 4007, STAVANGER, Norway

SpareBank 1 SR-Bank is located in STAVANGER.

Bank Identifiers

BIC (SWIFT)
SPRONO22XXX
LEI
549300Q3OIWRHQUQM052
Company Number
937895321

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937895321

SpareBank 1 SR-Bank is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937895321).

Bank History

Start Date
01 January 2006

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