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 11, 2016 5:37 PM ET

Banks

Company Overview of SpareBank 1 Nord-Norge

Company Overview

SpareBank 1 Nord-Norge supplies various financial products and services to the retail and corporate markets in Northern Norway. It offers various savings, deposit, lending, and insurance products. The company’s activities also include purchase and sale of equities and fund units; interest rate and currency trading; sale of Norwegian bonds and certificates, and bond market issues; trading in commodity derivatives; investment advice; and asset management. It operates through a network of 67 branches in Norway. The company was founded in 1836 and is headquartered in Tromsø, Norway.

Postboks 6800

Tromsø,  9298

Norway

Founded in 1836

Phone:

47 9 15 22 44

Key Executives for SpareBank 1 Nord-Norge

Chief Executive Officer
Age: 46
Total Annual Compensation: $3.8M
Chief Financial Officer and Senior Group General Manager
Total Annual Compensation: $2.0M
Chief Operating Officer and Senior Group General Manager of Business Development
Total Annual Compensation: $1.9M
Chief Executive Officer of Sparebank 1 Finans
Total Annual Compensation: $1.6M
Chief Executive Officer of EiendomsMegler 1
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2014.

SpareBank 1 Nord-Norge Key Developments

SpareBank 1 Nord-Norge Announces Preliminary Unaudited Group and Parent Company Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Announces Preliminary Unaudited Individual Write-Downs for the Fourth Quarter Ended December 31, 2015

SpareBank 1 Nord-Norge announced preliminary unaudited group and parent company earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, parent net interest income was NOK 340 million against NOK 335 million year ago. Loss before tax was NOK 66 million against NOK 139 million year ago. Loss after tax was NOK 50 million or NOK 0.24 per diluted equity certificate against NOK 135 million or NOK 0.64 per diluted equity certificate a year ago. ROE was 9.1% against 12.2% a year ago. For the full year, parent net interest income was NOK 1,320 million against NOK 1,242 million year ago. Profit before tax was NOK 856 million against NOK 918 million year ago. Profit after tax was NOK 730 million or NOK 3.44 per diluted equity certificate against NOK 743 million or NOK 3.50 per diluted equity certificate a year ago. Cash provided from the year's operations was NOK 593 million against NOK 925 million a year ago. For the quarter, group net interest income was NOK 390 million against NOK 378 million year ago. Profit before tax was NOK 115 million against NOK 76 million year ago. Profit after tax was NOK 133 million or NOK 0.63 per diluted equity certificate against NOK 34 million or NOK 0.16 per diluted equity certificate a year ago. For the full year, Group net interest income was NOK 1,512 million against NOK 1,426 million year ago. Profit before tax was NOK 1,033 million against NOK 1,345 million year ago. Profit after tax was NOK 872 million or NOK 4.11 per diluted equity certificate against NOK 1,096 million or NOK 5.17 per diluted equity certificate a year ago. Return on equity after tax as of 31 December 2015 was 9.1 % against 12.2 % a year ago. Cash provided from the year's operations was NOK 725 million against NOK 1,355 million a year ago. For the quarter, the company's total individual write-downs was NOK 27 million against NOK 107 million a year ago. The total write down on loans and guarantees was NOK 92 million compared to NOK 79 million a year ago.

SpareBank 1 Nord-Norge to Report Fiscal Year 2015 Results on Feb 09, 2016

SpareBank 1 Nord-Norge announced that they will report fiscal year 2015 results at 5:00 PM, Central European Standard Time on Feb 09, 2016

SpareBank 1 Nord-Norge, 2015 Earnings Call, Feb 09, 2016

SpareBank 1 Nord-Norge, 2015 Earnings Call, Feb 09, 2016

Similar Private Companies By Industry

Company Name Region
Tolga-Os Sparebank Europe
Lillesands Sparebank Europe
Tinn Sparebank Europe
Fornebu Sparebank Europe
Sparebanken Bien Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 5, 2016
North-West 1 Alliance Bank
Merger/Acquisition
December 14, 2015
Bank 1 Oslo Akershus AS
Merger/Acquisition
October 15, 2015
mCASH Norge AS
 

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
Bertelsmann AG Europe
NYC2012, Inc. United States
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 SpareBank 1 Nord-Norge, please visit www.snn.no. 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.