Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 06, 2016 6:59 AM ET

Banks

Company Overview of Gjensidige Bank ASA

Company Overview

Gjensidige Bank ASA provides banking services in Norway. It offers current accounts, residential mortgages, consumer loans, credit facilities, car financing, savings products, and credit cards, as well as online, mobile, and tablet banking services. The company serves private persons, families, and organizational and agricultural customers. It offers its products through its distribution network, including 20 financial advice offices. 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

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 2015.

Gjensidige Bank ASA Key Developments

Gjensidige Bank ASA Reports Preliminary Group and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 331, 2015

Gjensidige Bank ASA reported preliminary group and parent earnings results for the fourth quarter and full year ended December 331, 2015. For the quarter, the group reported interest income etc., of NOK 329.4 million compared to NOK 343.3 million a year ago. Profit before tax expense was NOK 82.8 million compared to NOK 48.6 million a year ago. Profit for the period was NOK 64.87 million or NOK 74.1 per basic and diluted share compared to NOK 35.44 million or NOK 40.5 per basic and diluted share a year ago. Net interest income was NOK 191.44 million compared to NOK 173.02 million a year ago. Return on equity was 10.28% compared to 9.58% a year ago. Total income was NOK 182.3 million compared to NOK 167.4 million a year ago. For the full year, the group reported interest income etc., of NOK 1,310.99 million compared to NOK 23,098.7 million a year ago. Profit before tax expense was NOK 303.6 million compared to NOK 253.5 million a year ago. Profit for the period was NOK 225.7 million or NOK 257.7 per basic and diluted share compared to NOK 184.52 million or NOK 230.6 per basic and diluted share a year ago. Net interest income was NOK 721.165 million compared to NOK 613.798 million a year ago. Net cash flow used in operating activities was NOK 7,260.4 million compared to NOK 1,304.16 million a year ago. Net purchase of intangible assets and fixed assets was NOK 9.45 million compared to NOK 9.998 million a year ago. Total income was NOK 725.22 million compared to NOK 663.2 million a year ago. For the quarter, the parent company reported interest income etc., of NOK 248.69 million compared to NOK 271.92 million a year ago. Profit before tax expense was NOK 48.97 million compared to NOK 16.08 million a year ago. Profit for the period was NOK 35.79 million or NOK 40.9 per basic and diluted share compared to NOK 11.7 million or NOK 13.4 per basic and diluted share a year ago. Net interest income was NOK 155.94 million compared to NOK 139.73 million a year ago. Total income was NOK 147.65 million compared to NOK 134.67 million a year ago. For the full year, the parent company reported interest income etc., of NOK 991.02 million compared to NOK 1,028.35 million a year ago. Profit before tax expense was NOK 161.81 million compared to NOK 118.05 million a year ago. Profit for the period was NOK 117.81 million or NOK 134.5 per basic and diluted share compared to NOK 86.14 million or NOK 98.3 per basic and diluted share a year ago. Net interest income was NOK 572.79 million compared to NOK 473.81 million a year ago. Total income was NOK 580.55 million compared to NOK 526.42 million a year ago.

Gjensidige Bank ASA Announces Change in Article 3 in the Articles of Association

Gjensidige Bank ASA announced change in Article 3 in the articles of association. The company's share capital is NOK 974,988,000 divided into 876,000 shares, each with par value NOK 1.113. The shares shall be registered in a securities register.

Gjensidige Bank Reports Group and Company Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2015

Gjensidige Bank reported group and company earnings results for the third quarter and nine months ended of September 30, 2015. For the quarter, on a group basis, the company reported net interest income of NOK 175,095,000 compared to NOK 145,530,000 a year ago. Profit before tax expense was NOK 57,301,000 compared to NOK 71,488,000 for the same period a year ago. Profit for the period was NOK 41,830,000 compared to NOK 52,186,000 a year ago. Basic and diluted earnings per share were NOK 47.8 compared to NOK 59.6 a year ago. Total income was NOK 162,393,000 compared to NOK 165,316,000 a year ago. Return on equity was 7.3% compared to 10.6% a year ago. For the nine months, on a group basis, the company reported net interest income of NOK 529,719,000 compared to NOK 440,774,000 a year ago. Profit before tax expense was NOK 220,814,000 compared to NOK 204,942,000 for the same period a year ago. Profit for the period was NOK 160,841,000 compared to NOK 149,084,000 a year ago. Basic and diluted earnings per share were NOK 183.6 compared to NOK 110.6 a year ago. Total income was NOK 542,927,000 compared to NOK 495,825,000 a year ago. Net cash flow from operating activities was negative at NOK 5,419,794,000 compared to NOK 529,962,000 a year ago. Net purchase of intangible assets and fixed assets was NOK 7,268,000 compared to NOK 5,784,000 a year ago. Return on equity before tax, annualized was 13.84% compared to 14.40% a year ago. Return on equity after tax, annualized was 10.08% compared to 10.48% a year ago. For the quarter, on a company basis, the company reported net interest income of NOK 138,403,000 compared to NOK 114,809,000 a year ago. Total income was NOK 126,894,000 compared to NOK 135,437,000 a year ago. Profit before tax expense was NOK 22,976,000 compared to NOK 41,926,000 a year ago. Profit for the period was NOK 16,773,000 compared to NOK 30,606,000 a year ago. Basic and diluted earnings per share were NOK 19.1 compared to NOK 34.9 a year ago. For the nine months, on a company basis, the company reported net interest income of NOK 416,855,000 compared to NOK 334,076,000 a year ago. Total income was NOK 432,896,000 compared to NOK 391,753,000 a year ago. Profit before tax expense was NOK 112,834,000 compared to NOK 101,967,000 a year ago. Profit for the period was NOK 82,020,000 compared to NOK 74,436,000 a year ago. Basic and diluted earnings per share were NOK 93.6 compared to NOK 85.0 a year ago.

Similar Private Companies By Industry

Company Name Region
Sparebanken Telemark Europe
Gjerstad Sparebank Europe
Bergensbanken ASA Europe
Spareskillingsbanken Europe
Swedbank Norge AS Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Gjensidige Bank ASA, please visit www.gjensidige.no/group/about-us/business-areas. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.