TIME SPAREBANK

Anna Mileiko Created by Anna Mileiko

TIME SPAREBANK Logo

Address

Jernbanegata 6, N-4340, BRYNE, Norway

BIC

n/a

Overview

Category

Savings banks

Business Focus

regional retail banking

Time Sparebank has merged with Klepp Sparebank from January 1, 2015.

Performance

In 2014, TIME SPAREBANK achieved the position of 40th largest bank in Norway with a market share of 0.19%; its total assets grew by 3.45%.

Additionally, the bank became the 61st profitable bank in relation to its total assets showcasing 0.88% return on assets in 2014.

Deposit Protection

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

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

TIME SPAREBANK delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of TIME SPAREBANK
Annual_profit of TIME SPAREBANK
Market Share of TIME SPAREBANK
Total Assets (2014)
6,393.37 mln NOK   (+3.45%)
Annual Profit (2014)
55.10 mln NOK   (+19.94%)

TIME SPAREBANK was the 40th largest bank in Norway in terms of total assets. In 2014 its total assets were 6 393,37 mln NOK, providing the bank with the market share of 0.19%. TIME SPAREBANK was the 30th largest savings bank in Norway (out of 106 savings banks) having market share of 0.55% amongst the banks of this category. In 2014 the bank's annual profit was 55,10 mln NOK.

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

TIME SPAREBANK 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. TIME SPAREBANK is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.

See Also

TIME SPAREBANK is a member of Eika Gruppen (Norway).

Contacts

addressJernbanegata 6, N-4340, BRYNE, Norway
websitehttp://www.time-sparebank.no

TIME SPAREBANK was located in BRYNE.

Bank Identifiers

Company Number
937896204

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway

TIME SPAREBANK was authorized and supervised by the Financial Supervisory Authority of Norway.

Bank History

Start Date
01 January 2006
Close Date
01 January 2015
Flag of Norway

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