SPAREBANKEN ØST

 (4.5; 2 ratings)
4.5 2
Business Focus
regional retail banking

SPAREBANKEN ØST 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 ØST includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Bank Category

Savings banks

Services

retail banking
insurance

Clients

Area Served

local municipality

Products

current accounts
credit cards
debit cards
car loans
mortgage loans

Ways to Bank

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

Financials

Total Assets of SPAREBANKEN ØST
Operating_income of SPAREBANKEN ØST
Market Share of SPAREBANKEN ØST
Total Assets (2018)
29,519.92 mln NOK  (+9.79%)
Operating Income (2018)
419.27 mln NOK  (+7.03%)

SPAREBANKEN ØST is the 15th largest bank in Norway in terms of total assets. In 2018 its total assets were 29 519,92 mln NOK, providing the bank with the market share of 0.77%. SPAREBANKEN ØST is the 10th largest savings bank in Norway (out of 99 savings banks) having market share of 2.02% amongst the banks of this category. In 2018 the bank's operating income was 419,27 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: A2
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

SPAREBANKEN ØST is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (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

SPAREBANKEN ØST 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 ØST is a member of Norwegian Banks' Guarantee Fund and makes its contributions into it.

Contacts

Stasjonsgata 14, 3300, HOKKSUND, Norway

SPAREBANKEN ØST is located in HOKKSUND.

Bank Identifiers

LEI
5967007LIEEXZX51WW28
Company Number
937888937

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937888937

SPAREBANKEN ØST is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937888937).

Bank History

Start Date
01 January 2006

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