April 29, 2017 6:22 AM 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, lending, and insurance products, as well as payment services. Its 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; provision of investment and risk advice, and corporate services; and asset management. In addition, the company engages in real estate brokerage, leasing, accounting, online banking, and consumer financing operations. It operates through a network of 38 offices across 36 m...

Storgata 65

Tromsø,  9008

Norway

Founded in 1836

774 Employees

Key Executives for SpareBank 1 Nord-Norge

Chief Executive Officer
Age: 47
Total Annual Compensation: 4.1M NOK
Chief Financial Officer and Senior Group General Manager
Total Annual Compensation: 2.7M NOK
Chief Operating Officer and Senior Group General Manager
Total Annual Compensation: 2.0M NOK
Chief Executive Officer of Sparebank 1 Finans
Total Annual Compensation: 1.9M NOK
Chief Executive Officer of EiendomsMegler 1
Total Annual Compensation: 1.8M NOK
Compensation as of Fiscal Year 2016.

SpareBank 1 Nord-Norge Key Developments

SpareBank 1 Nord-Norge Reports Audited Group and Parent Earnings Results for the Year Ended December 31, 2016

SpareBank 1 Nord-Norge reported audited group and parent earnings results for the year ended December 31, 2016. For the year, on group basis, the company's net interest income was NOK 1,644 million compared with NOK 1,512 million a year ago. Result before losses was NOK 1,757 million compared with NOK 1,233 million a year ago. Result before tax was NOK 1,544 million compared with NOK 1,033 million a year ago. Result was NOK 1,253 million compared with NOK 872 million a year ago. Basic and diluted result per equity certificates was NOK 5.79 against NOK 4.11 a year ago. Cash provided from operations was NOK 1,245 million compared with NOK 725 million a year ago. Investment in fixed assets was NOK 80 million compared with NOK 52 million a year ago. For the year, on parent basis, the company's net interest income was NOK 1,452 million compared with NOK 1,320 million a year ago. Result before losses was NOK 1,872 million compared with NOK 1,072 million a year ago. Result before tax was NOK 1,714 million compared with NOK 856 million a year ago. Result was NOK 1,456 million compared with NOK 730 million a year ago. Basic and diluted result per equity certificates was NOK 6.72 compared with NOK 3.44 a year ago. Cash provided from operations was NOK 1,383 million compared with NOK 593 million a year ago. Investment in fixed assets was NOK 40 million compared with NOK 47 million a year ago.

Sparebank 1 Nord-Norge Approves Cash Dividend for 2016, Payable on 26 April 2017

The Supervisory Board of SpareBank 1 Nord-Norge has at their Annual General Meeting 28 March 2017 approved the cash dividend for 2016 per equity certificate (EC) shall be NOK 3.45, totaling NOK 346,373,155.20. Dividend will be paid to registered EC-holders as at 28 March 2017. The ECs will be quoted ex-dividend 29 March 2017. It is further informed that the cash dividend will be paid out 26 April 2017.

SpareBank 1 Nord-Norge Proposes Amendments to the Articles of Association

SpareBank 1 Nord-Norge proposed new financial institutions regulation - amendments to the Articles of Association and instructions for the supervisory election committee, at its Supervisory Board meeting to be held on March 28, 2017.

Similar Private Companies By Industry

Company Name Region
Andebu Sparebank Europe
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Askim & Spydeberg Sparebank Europe
Aurland Sparebank Europe
Bamble Sparebank Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 27, 2017
SpareBank 1 Nord-Norge Forvaltning ASA
Merger/Acquisition
May 5, 2016
Severo-Zapadny 1 Alyans Bank OAO, AKB
 

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