The historically deep roots of Spar Nord Bank A/S date back to the 19th century. The bank was founded in May of 1824 in Aalborg, Denmark. It is currently operated out of North Jutland, and they also have many other locations.
The bank was established as a savings bank, and it was founded under the company name of Sparekassen Nordjylland. It proudly served the local clientele as their neighborhood, friendly, and reliable banking partner. Over the course of the last 195 years, the Spar Nord Bank financial offerings have been greatly expanded upon to include many banking products and services. However, the bank has remained true to its core values. They continue to serve their customers as a big bank with the charm and good service of an attentive small town bank.
The name of the bank was changed after many decades operating under the original name of Sparekassen Nordjylland. The 20th century brought about a series of mergers for the bank, and it was shortened to Spar Nord Bank. The bank has been served by its current Chief Executive Officer, Mr. Lasse Nyby, since 2000. He is also an Executive Board member. The other two top ranking executive leaders of the bank are Mr. Lars Møller and Mr. John Lundsgaard, both of whom serve as Managing Directors. They are also both Members of the Spar Nord Executive Board.
Today, Spar Nord Bank offers a wide variety of personal and business banking solutions to its equally diverse customer base. Spar Nord serves retail and other business owners as well as clients in the public sector in the Denmark community. The bank provides loans and advances, guarantees, mortgage credits, deposit accounts, and custodial bank accounts. Additionally, Spar Nord offers the innovative service of providing gift vouchers for use at retail establishments in shopping centers.
The bank provides its customers with a variety of investment options and financial services. They have financial advisors who serve their clients with investment products such as stocks and bonds, foreign exchange market trading, and portfolio and asset management.
Spar Nord Bank currently has 49 branches in operation. The area of consumer financing is also a large part of their business. Spar Nord offers financing options for purchases made with participating retailers. Consumers can apply for financing on the bank’s dedicated loan website by completing the online application.
The Denmark-based financial institution also provides its customers the service of global transaction capabilities. Spar Nord Bank is known for its long tradition of putting people first, and they know from experience what their customers want and expect from their bank.