LANDKREDITT BANK AS

Landkreditt Bank is a Norwegian bank providing retail banking products and services via its branches, the Internet and mobile devices. Landkreditt Bank offers its products and services to private individuals and companies with the focus on agricultural sector.

Bank Category

Commercial banks

Financials

Total Assets (2017)
22 871.46 mln NOK  (+11.05%)
Operating Income (2017)
166.60 mln NOK  (+2.26%)

LANDKREDITT BANK AS is the 20th largest bank in Norway in terms of total assets. In 2017 its total assets were 22 871,46 mln NOK, providing the bank with the market share of 0.59%. LANDKREDITT BANK AS is the 8th largest commercial bank in Norway (out of 22 commercial banks) having market share of 0.92% amongst the banks of this category. In 2017 the bank's operating income was 166,60 mln NOK.

Deposit Guarantee

2 000 000 NOK

LANDKREDITT BANK AS participates in deposit guarantee scheme of Norway. This scheme covers accounts up to 2 000 000 NOK per bank per depositor.

Contacts

Karl Johans gate 45, 0162, OSLO, Norway

LANDKREDITT BANK AS is headquartered in OSLO.

Bank Identifiers

Company Number
980374181
Start Date
01 January 2006

Financial Positions

Total Assets (2017)
22 871.46 mln NOK  (+11.05%)
Total Equity (2017)
2 056.98 mln NOK  (-1.69%)

In 2017 total assets of LANDKREDITT BANK AS were 22 871.46 mln NOK. Growth compared to the previous period (2016) was 11.05%. The evolution of the total assets of LANDKREDITT BANK AS is shown at Chart 1 below.

Total Assets of LANDKREDITT BANK AS.

Chart 1. Total Assets of LANDKREDITT BANK AS.

Recent changes in total assets of LANDKREDITT BANK AS and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 59.8 65.6 +9.64%
Loans to banks 1 080.2 977.4 -9.51%
Loans to customers 17 269.6 18 644.1 +7.96%
Total Assets 20 595.2 22 871.5 +11.05%
Table 1. Recent changes in total assets of LANDKREDITT BANK AS (mln NOK).

Recent changes in total liabilities of LANDKREDITT BANK AS and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 3.3 27.1 +718.85%
Customer deposits 15 091.8 16 330.8 +8.21%
Total Liabilities 20 595.2 22 871.5 +11.05%
Table 2. Recent changes in total liabilities of LANDKREDITT BANK AS (mln NOK).

Profit and Loss

Operating Income (2017)
166.60 mln NOK  (+2.26%)
Annual Profit (2017)
132.53 mln NOK  (+5.53%)

Recent changes in gross profit of LANDKREDITT BANK AS and its main components are shown in Table 3.

2016 2017 % change
Interest Income 528.9 589.1 +11.38%
Interest Charges -240.2 -287.4 +19.68%
Net Interest Income 288.8 301.7 +4.48%
Commission Income 25.8 28.9 +11.89%
Commission Charges -4.8 -4.7 -2.67%
Table 3. Recent changes in gross profit of LANDKREDITT BANK AS (mln NOK).

In 2017 annual profit of LANDKREDITT BANK AS was 132.53 mln NOK. Growth compared to the previous period (2016) was 5.53%. The evolution of the annual profit of LANDKREDITT BANK AS is shown at Chart 2 below.

Annual Profit of LANDKREDITT BANK AS.

Chart 2. Annual Profit of LANDKREDITT BANK AS.

Market Share and Rank (among banks in Norway)

Total Assets (2017)
20th (market share 0.59%)

In 2017 LANDKREDITT BANK AS was ranked the 20th largest bank in Norway in terms of total assets, having 0.59% of the domestic market share.

Market share of LANDKREDITT BANK AS (among banks in Norway)

Chart 3. Market share of LANDKREDITT BANK AS (among banks in Norway)

Several banks having the market shares and ranks closest to LANDKREDITT BANK AS are shown below.

RankNameTotal AssetsMarket Share
19 SPAREBANKEN TELEMARK22936.19 mln NOK0.59%
20 LANDKREDITT BANK AS22871.46 mln NOK0.59%
21 SPAREBANK 1 RINGERIKE HADELAND21947.61 mln NOK0.57%
 

Market Share and Rank (among Commercial banks in Norway)

Total Assets (2017)
8th (market share 0.92%)

In 2017 LANDKREDITT BANK AS was ranked the 8th largest commercial bank in Norway in terms of total assets, having 0.92% of the category's market share.

Market share of LANDKREDITT BANK AS (among Commercial banks in Norway)

Chart 4. Market share of LANDKREDITT BANK AS (among Commercial banks in Norway)

Several commercial banks having the market shares and ranks closest to LANDKREDITT BANK AS are shown below.

RankNameTotal AssetsMarket Share
7 OBOS-BANKEN AS (new)23587.42 mln NOK0.95%
8 LANDKREDITT BANK AS22871.46 mln NOK0.92%
9 STOREBRAND BANK ASA20750.42 mln NOK0.83%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 2 000 000 NOK per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Norway are obliged to participate in Norwegian deposit guarantee scheme.

In the case of LANDKREDITT BANK AS failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  any credit balance on a named account, and any debt evidenced by a certificate of deposit issued to a named person
Maximum Protected Amount  2 000 000 NOK
Paid In Currency  NOK

Further Information

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  980374181