SpareBank 1 SR-Bank
Any bank can be identified for different purposes and hence can have several different identifiers.
Company Registration Number
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Credit ratings assigned to SpareBank 1 SR-Bank as of December 2014 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution’s relative vulnerability to default on its financial obligations, for SpareBank 1 SR-Bank it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for SpareBank 1 SR-Bank is set to F2 (good short-term credit quality).
Viability rating for SpareBank 1 SR-Bank is set to a- (high fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB+ (speculative).
Long-term rating is for SpareBank 1 SR-Bank it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is C- (adequate intrinsic financial strength). Short-term rating is not assigned.
Outlook for the ratings of SpareBank 1 SR-Bank is set to negative (may be lowered).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Norway are obliged to participate in Norwegian deposit guarantee scheme.
In the case of SpareBank 1 SR-Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
Further Information: Deposit Guarantee Scheme in Norway
In 2013 total assets of SpareBank 1 SR-Bank were 18 604.69 mln EUR. Decline compared to the previous period (2012) was -2.47%. The evolution of the total assets of SpareBank 1 SR-Bank is shown at Chart 1 below.
Recent changes in total assets of SpareBank 1 SR-Bank and its main components are shown in Table 1.
Recent changes in total liabilities of SpareBank 1 SR-Bank and its main components are shown in Table 2.
Profit and Loss
Recent changes in gross profit of SpareBank 1 SR-Bank and its main components are shown in Table 3.
In 2013 annual profit of SpareBank 1 SR-Bank was 233.97 mln EUR. Growth compared to the previous period (2012) was 42.41%. The evolution of the annual profit of SpareBank 1 SR-Bank is shown at Chart 2 below.
Related Information on Norway