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April 01, 2015 4:43 AM ET

Banks

Company Overview of Gjensidige Bank ASA

Company Overview

Gjensidige Bank ASA provides banking services to retail customers in Norway. The company offers mortgages, unsecured loans, car financing, savings, and credit cards, as well as Internet, mobile, and tablet banking services. It serves private persons and the agricultural market. The company was founded in 2007 and is headquartered in Oslo, Norway. Gjensidige Bank ASA is a subsidiary of Gjensidige Bank Holding AS.

Schweigaards gate 14

Oslo,  0185

Norway

Founded in 2007

143 Employees

Key Executives for Gjensidige Bank ASA

Chief Executive Officer
Chief Financial Officer
Director of Operations
Chief Executive Officer of Gjensidige Bank Boligkreditt AS
Director of Treasury and Branch Manager of Førde
Compensation as of Fiscal Year 2014.

Gjensidige Bank ASA Key Developments

Gjensidige Bank ASA Announces Audited Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2014

Gjensidige Bank ASA announced audited consolidated and parent company earnings results for the year ended December 31, 2014. For the year, on consolidated basis, the company announced interest income of NOK 1,327,926,000 compared to NOK 1,135,041,000 for the same period a year ago. Net interest income was NOK 613,798,000 compared to NOK 546,133,000 for the same period a year ago. Total income was NOK 663,207,000 compared to NOK 599,461,000 for the same period a year ago. Profit before tax expense was NOK 253,545,000 compared to NOK 191,001,000 for the same period a year ago. Profit attributable to the shareholders was NOK 184,524,000 compared to NOK 137,450,000 for the same period a year ago. Earnings per share, basic and diluted were NOK 210.6 compared to NOK 156.9 for the same period a year ago. Net cash flow from operating activities was NOK 1,304,155,000 compared to NOK 3,579,442,000 for the same period a year ago. Net purchase of intangible assets and fixed assets was NOK 9,998,000 compared to NOK 19,511,000 for the same period a year ago. For the year, on parent company basis, the company announced interest income of NOK 1,028,350,000 compared to NOK 878,451,000 for the same period a year ago. Net interest income was NOK 473,808,000 compared to NOK 425,110,000 for the same period a year ago. Total income was NOK 526,424,000 compared to NOK 478,746,000 for the same period a year ago. Profit before tax expense was NOK 118,050,000 compared to NOK 77,483,000 for the same period a year ago. Profit attributable to the shareholders was NOK 86,136,000 compared to NOK 55,718,000 for the same period a year ago. Earnings per share, basic and diluted were NOK 98.3 compared to NOK 63.6 for the same period a year ago. Net cash flow from operating activities was NOK 1,613,540,000 compared to NOK 1,183,548,000 for the same period a year ago. Net purchase of intangible assets and fixed assets was NOK 9,998,000 compared to NOK 19,511,000 for the same period a year ago.

Gjensidige Bank Announces Group Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Gjensidige Bank announced group earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported interest income of NOK 330,531,000, net interest income of NOK 145,530,000, profit before tax expense of NOK 71,488,000, profit of NOK 52,186,000 or NOK 59.6 per basic and diluted share compared to the interest income of NOK 293,445,000, net interest income of NOK 139,776,000, profit before tax expense of NOK 49,822,000, profit of NOK 35,872,000 or NOK 40.9 per basic and diluted share for the same quarter a year ago. For the year to date, the company reported interest income of NOK 984,651,000, net interest income of NOK 440,774,000, profit before tax expense of NOK 204,942,000, profit of NOK 149,084,000 or NOK 110.60 per basic and diluted share compared to the interest income of NOK 816,471,000, net interest income of NOK 398,455,000, profit before tax expense of NOK 140,838,000, profit of NOK 101,403,000 or NOK 74.80 per basic and diluted share for the same period a year ago. Net cash outflow from operating activities compared to NOK 529,962,000 compared to NOK 3,721,729,000 a year ago. Net purchase of intangible assets and fixed assets were of NOK 5,784,000 compared to NOK 21,908,000 a year ago.

Gjensidige Bank (Norway) to Report Q4, 2014 Results on Feb 04, 2015

Gjensidige Bank (Norway) announced that they will report Q4, 2014 results on Feb 04, 2015

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