April 23, 2017 1:50 PM ET

Banks

Company Overview of Gjensidige Bank ASA

Company Overview

Gjensidige Bank ASA provides banking services in Norway. The company offers deposit products; and mortgages, car financing, unsecured loans, savings products, and cards, as well as digital banking services. It serves organizations, individuals, and agricultural and other customers. The company was founded in 2007 and is headquartered in Oslo, Norway. Gjensidige Bank ASA is a subsidiary of Gjensidige Bank Holding AS.

Schweigaardsgate 14

Oslo,  0185

Norway

Founded in 2007

139 Employees

Phone:

47 91 50 31 00

Key Executives for Gjensidige Bank ASA

Chief Executive Officer
Chief Financial Officer
Operations Director
Chief Executive Officer of Gjensidige Bank Boligkreditt AS
Technology Director
Compensation as of Fiscal Year 2016.

Gjensidige Bank ASA Key Developments

Gjensidige Bank ASA Reports Unaudited Group and Parent Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Gjensidige Bank ASA reported unaudited group and parent earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, on group basis, the company's interest income was NOK 362,238,000 compared to NOK 329,392,000 a year ago. Net interest income was NOK 210,536,000 compared to NOK 191,446,000 a year ago. Profit before tax expense was NOK 94,442,000 compared to NOK 82,801,000 a year ago. Profit was NOK 64,018,000 compared to NOK 64,872,000 a year ago. Basic and diluted earnings per share was NOK 73.1 compared to NOK 74.1 a year ago. For the year, on group basis, the company's interest income was NOK 1,408,006,000 compared to NOK 1,310,992,000 a year ago. Net interest income was NOK 797,320,000 compared to NOK 721,165,000 a year ago. Profit before tax expense was NOK 428,482,000 compared to NOK 303,615,000 a year ago. Profit was NOK 320,130,000 compared to NOK 225,713,000 a year ago. Basic and diluted earnings per share was NOK 365.4 compared to NOK 257.7 a year ago. Net cash flow used in operating activities was NOK 2,360,544,000 compared to NOK 7,260,443,000 a year ago. Net purchase of intangible assets and fixed assets was NOK 17,326,000 compared to NOK 9,450,000 a year ago. For the quarter, on parent basis, the company's interest income was NOK 281,388,000 compared to NOK 248,694,000 a year ago. Net interest income was NOK 186,811,000 compared to NOK 155,939,000 a year ago. Profit before tax expense was NOK 73,321,000 compared to NOK 48,973,000 a year ago. Profit was NOK 55,336,000 compared to NOK 35,789,000 a year ago. Basic and diluted earnings per share was NOK 63.2 compared to NOK 40.9 a year ago. For the year, on parent basis, the company's interest income was NOK 1,091,792,000 compared to NOK 991,021,000 a year ago. Net interest income was NOK 684,471,000 compared to NOK 572,794,000 a year ago. Profit before tax expense was NOK 328,668,000 compared to NOK 161,807,000 a year ago. Profit was NOK 248,195,000 compared to NOK 117,809,000 a year ago. Basic and diluted earnings per share was NOK 283.3 compared to NOK 134.5 a year ago.

Gjensidige Bank Group Reports Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Gjensidige Bank Group reported unaudited group earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of NOK 207,135,000 against NOK 175,095,000 a year ago. Total income was NOK 250,764,000 against NOK 162,393,000 a year ago. Profit before loan losses was NOK 158,501,000 against NOK 69,145,000 a year ago. Profit before tax expense was NOK 139,147,000 against NOK 57,301,000 a year ago. Profit for the period was NOK 104,360,000 or NOK 119.1 per basic and diluted share against NOK 41,830,000 or NOK 47.8 per basic and diluted share a year ago. For the nine months, the company reported net interest income of NOK 586,784,000 against NOK 529,719,000 a year ago. Total income was NOK 659,936,000 against NOK 542,927,000 a year ago. Profit before loan losses was NOK 377,042,000 against NOK 274,134,000 a year ago. Profit before tax expense was NOK 334,040,000 against NOK 220,814,000 a year ago. Profit for the period was NOK 256,113,000 or NOK 292.4 per basic and diluted share against NOK 160,841,000 or NOK 183.6 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 2,401,824,000 against NOK 5,419,794,000 a year ago. Net purchase of intangible assets and fixed assets was NOK 9,956,000 against NOK 7,268,000 a year ago.

Gjensidige Bank ASA to Report Q4, 2016 Results on Feb 09, 2017

Gjensidige Bank ASA announced that they will report Q4, 2016 results on Feb 09, 2017

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 18, 2017
Gjensidige Bank Boligkreditt AS
 

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