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.
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.
Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in SPAREBANKEN MØRE.
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.
SPAREBANKEN MØRE is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
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.
SPAREBANKEN MØRE is a member of Eika Gruppen (Norway).
SPAREBANKEN MØRE is located in ÅLESUND.
SPAREBANKEN MØRE is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937899319).