Company Information

Get to know SpareBank 1 Modum

Founded in 1842, SpareBank 1 Modum is an independent savings bank with a strong local presence in the Modum, Sigdal, and Krødsherad municipalities of Norway. As part of the SpareBank 1 Alliance, it combines local market knowledge and close customer relationships with the resources and product offerings of a major financial group. The bank's mission is to contribute to local growth and development by offering comprehensive banking, insurance, and real estate services to both private and corporate customers.

Industry

Financial BankingPRIMARY
Financial Other Service

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SpareBank 1 Modum

Norway

Founded in

1841 (185 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.