January 20, 2017 8:38 PM ET

Banks

Company Overview of Sparebanken Hedmark

Company Overview

Sparebanken Hedmark provides retail and corporate banking services. The company offers property brokerage, financing, leasing, debt collection, accounting, and other services. It also provides deposits, loans, insurance, payment, and pension services. Sparebanken Hedmark was founded in 1845 and is headquartered in Hamar, Norway.

Strandgata 15

Box 203

Hamar,  2302

Norway

Founded in 1845

728 Employees

Phone:

47 91 50 29 99

Key Executives for Sparebanken Hedmark

Chief Executive Officer
Age: 60
Chief Financial Officer
Age: 49
Director of Operations & Information Technology
Managing Director of Sparebank Finans Ostlandet AS
Managing Director of Sparebank 1 Regnskapshuset Østlandet As
Compensation as of Fiscal Year 2016.

Sparebanken Hedmark Key Developments

Sparebanken Hedmark Announces Executive Appointments

Sparebanken Hedmark announced that Geir-Egil Bolstad from Bank 1 Oslo Akershus as becomes CFO of the company after Tore Anstein Dobloug. At the same time, Tore Anstein Dobloug becomes CEO of the company Sparebankstiftelse with effect from December 1, 2016. Geir-Egil Bolstad has 11 years of experience from SpareBank 1, in positions as risk manager in both Bank 1 and the SpareBank 1 Group. He became CFO in Bank 1 in 2009. Since 2015, he has also been the deputy CEO of Bank 1. Before joining SpareBank 1, Bolstad spent six years in Arthur Andersen and Bearingpoint as a management consultant and project leader within finance and risk management.

Sparebanken Hedmark Announces Earnings Results for the First Half of 2016

Sparebanken Hedmark announced earnings results for the first half of 2016. For the period, the new Sparebanken Hedmark group posted a pro forma profit after taxes of NOK 499 million. The return on equity was 9.2%. The new group is very solid, with a common equity tier-1 ratio of 16%. Profit after tax was NOK 499 million. Profit after taxes for the former Sparebanken Hedmark Group was NOK 396 million compared to NOK 34 million lower than in the same period last year due to changes in the market value of financial securities.

Sparebanken Hedmark Reports Audited Group and Parent Earnings Results for the Year Ended December 31, 2015

Sparebanken Hedmark reported audited group and parent earnings results for the year ended December 31, 2015. On group basis, net interest income was NOK 1,105 million against NOK 1,043 million last year. Total net income was NOK 2,270 million against NOK 2,279 million last year. Result before losses was NOK 1,219 million against NOK 1,298 million last year. Result before tax was NOK 1,163 million against NOK 1,232 million last year. Result after tax was NOK 930 million against NOK 1,040 million last year. Return on equity capital after tax was 11.4 % against 14.4 % last year. On parent basis, net interest income was NOK 1,105 million against NOK 1,043 million last year. Interest income was NOK 1,972 million against NOK 2,101 million last year. Total net income was NOK 2,270 million against NOK 2,279 million last year. Result before losses on loans and guarantees was NOK 1,219 million against NOK 1,298 million last year. Result before tax was NOK 1,163 million against NOK 1,232 million last year. Results for the accounting year were NOK 930 million against NOK 1,040 million last year. Negative cash flow from operation was NOK 3,062 million against NOK 46 million last year.

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Recent Private Companies Transactions

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