SPAREBANKEN MØRE

Anna MileikoCreated by Anna Mileiko

SPAREBANKEN MØRE Logo

Address

Keiser Wilhelmsg 29-33, 6003, ÅLESUND, Norway

BIC

SPARNO22XXX

Overview

Category

Savings banks

Business Focus

regional retail banking

SPAREBANKEN MØRE is a local savings bank,focused on retail banking and insurance products and services tolocal residends: private individuals, SMEs and companies. The range of products offered by SPAREBANKEN MØRE includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Performance

In 2023, SPAREBANKEN MØRE achieved the position of 10th largest bank in Norway with a market share of 1.30%; its total assets grew by 8.82%.

Additionally, the bank became the 17th profitable bank in relation to its total assets showcasing 1.62% return on assets in 2023.

Also the lender held the 52nd position regarging its loans-to-deposits (L/D) registering 3,336.02% L/D ratio in 2023.

Deposit Protection

Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in SPAREBANKEN MØRE.

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

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

Financials

Total Assets of SPAREBANKEN MØRE
Annual_profit of SPAREBANKEN MØRE
Market Share of SPAREBANKEN MØRE
Total Assets (2023)
69,324.74 mln NOK   (+8.82%)
Annual Profit (2023)
1,077.04 mln NOK   (+62.97%)

SPAREBANKEN MØRE is the 10th largest bank in Norway in terms of total assets. In 2023 its total assets were 69 324,74 mln NOK, providing the bank with the market share of 1.30%. SPAREBANKEN MØRE is the 8th largest savings bank in Norway (out of 83 savings banks) having market share of 3.50% amongst the banks of this category. In 2023 the bank's annual profit was 1 077,04 mln NOK.

Credit Ratings

Fitch: -
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

SPAREBANKEN MØRE is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).

Deposit Guarantee

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

SPAREBANKEN MØRE participates in the deposit guarantee scheme of Norway which 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. SPAREBANKEN MØRE is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

See Also

SPAREBANKEN MØRE is a member of Eika Gruppen (Norway).

Contacts

addressKeiser Wilhelmsg 29-33, 6003, ÅLESUND, Norway

SPAREBANKEN MØRE is located in ÅLESUND.

Bank Identifiers

BIC (SWIFT)
SPARNO22XXX
LEI
5967007LIEEXZX5PU005
Company Number
937899319

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937899319

SPAREBANKEN MØRE is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937899319).

Bank History

Start Date
01 January 2006
Flag of Norway

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