Spar Nord Explained

Spar Nord Bank A/S
Industry:Banking
Hq Location:North Jutland
Hq Location Country:Denmark
Founded: in Aalborg
Type:Aktieselskab

Spar Nord Bank A/S is a bank based in North Jutland, Denmark.

The history of the bank can be traced back to May 12, 1824,[1] where "Bye og Omegns Sparekasse" (The Savings Bank for Town and County) was established in Aalborg. After a number of mergers through the 20th century, the name was changed from "Sparekassen Nordjylland" (The Savings Bank of Northern Jutland) to its current short form.

In the 2010s Spar Nord has opened several offices in larger towns outside Northern Jutland in Denmark. As of 2019, it is Denmark’s sixth largest bank.[2]

References

  1. Spar Nord Bank - Banken for både private og erhverv
  2. Nikolaj Skydsgaard (October 3, 2019), Danish bank Spar Nord announces minus 0.75% interest on deposits Reuters.

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