VALDRES SPAREBANK

Anna MileikoCreated by Anna Mileiko

VALDRES SPAREBANK Logo

Address

Slidrevegen 18, 2966, SLIDRE, Norway

BIC

VESLNO21XXX

Overview

Category

Savings banks

Business Focus

regional retail banking

VALDRES SPAREBANK 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 VALDRES SPAREBANK includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.

Performance

In 2023, VALDRES SPAREBANK achieved the position of 91st largest bank in Norway with a market share of 0.06%; its total assets grew by 5.37%.

Additionally, the bank became the 56th profitable bank in relation to its total assets showcasing 1.21% return on assets in 2023.

Also the lender held the 5th position regarging its loans-to-deposits (L/D) registering 1,005,304.40% L/D ratio in 2023.

Deposit Protection

Deposits up to 2,000,000 NOK are covered by Norwegian deposit guarantee scheme in VALDRES 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

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

Financials

Total Assets of VALDRES SPAREBANK
Annual_profit of VALDRES SPAREBANK
Market Share of VALDRES SPAREBANK
Total Assets (2023)
3,055.71 mln NOK   (+5.37%)
Annual Profit (2023)
36.07 mln NOK   (+123.14%)

VALDRES SPAREBANK is the 91st largest bank in Norway in terms of total assets. In 2023 its total assets were 3 055,71 mln NOK, providing the bank with the market share of 0.06%. VALDRES SPAREBANK is the 74th largest savings bank in Norway (out of 83 savings banks) having market share of 0.15% amongst the banks of this category. In 2023 the bank's annual profit was 36,07 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

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

See Also

Contacts

addressSlidrevegen 18, 2966, SLIDRE, Norway

VALDRES SPAREBANK is located in SLIDRE.

Bank Identifiers

BIC (SWIFT)
VESLNO21XXX
LEI
5967007LIEEXZX6QVC82
Company Number
937888759

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937888759

VALDRES SPAREBANK is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937888759).

Bank History

Start Date
01 January 2006
Previous Name
VESTRE SLIDRE SPAREBANK
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