Sparebanken Sør

 (3.5; 11 ratings)
3.5 11

Business Focus

regional retail banking

Sparebanken Sør 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 Sparebanken Sør 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

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

Financials

Total Assets of Sparebanken Sør
Operating_income of Sparebanken Sør
Market Share of Sparebanken Sør
Total Assets (2019)
91,343.73 mln NOK  (+1.77%)
Operating Income (2019)
1,164.35 mln NOK  (+23.41%)

Sparebanken Sør is the 8th largest bank in Norway in terms of total assets. In 2019 its total assets were 91 343,73 mln NOK, providing the bank with the market share of 2.21%. Sparebanken Sør is the 6th largest savings bank in Norway (out of 95 savings banks) having market share of 5.95% amongst the banks of this category. In 2019 the bank's operating income was 1 164,35 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 Sør 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 Sør 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. Sparebanken Sør is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

Contacts

Vesterveien 1 A/B, N-4836, ARENDAL, Norway

Sparebanken Sør is located in ARENDAL.

Bank Identifiers

BIC (SWIFT)
SPSONO22XXX
LEI
549300U497VKMF6R3Q14
Company Number
937894538

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway

Sparebanken Sør is authorized and supervised by the Financial Supervisory Authority of Norway.

Bank History

Start Date
01 January 2006

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