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May 24, 2015 8:15 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, 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

918 Employees

Phone:

47 9 15 22 44

Key Executives for SpareBank 1 Nord-Norge

Chief Executive Officer
Age: 45
Total Annual Compensation: $2.9M
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 2013.

SpareBank 1 Nord-Norge Key Developments

SpareBank 1 Nord-Norge Reports Unaudited Group and Parent Earnings Results for the First Quarter Ended March 31, 2015

SpareBank 1 Nord-Norge reported unaudited group and parent earnings results for the first quarter ended March 31, 2015. For the quarter, the group reported net interest income of NOK 369 million against NOK 328 million a year ago. Profit before tax was NOK 356 million against NOK 473 million a year ago. Profit after tax was NOK 290 million against NOK 401 million a year ago. Profit after tax attributable to majority interest was NOK 292 million against NOK 401 million a year ago. Basic and diluted result per equity certificate was NOK 1.38 against NOK 1.89 a year ago. Cash used in operations was NOK 67 million against cash provided from operations of NOK 284 million a year ago. Investment in fixed assets was NOK 8 million against NOK 43 million a year ago. Return on equity capital was 12.2% against 13.0% a year ago. Return on equity after tax was 12.5% compared to 18.6% a year ago. For the quarter, the parent reported net interest income of NOK 321 million against NOK 280 million a year ago. Profit before tax was NOK 305 million against NOK 433 million a year ago. Profit after tax was NOK 251 million against NOK 370 million a year ago. Basic and diluted result per equity certificate was NOK 1.18 against NOK 1.74 a year ago. Cash used in operations was NOK 107 million against cash provided from operations of NOK 246 million a year ago. Investment in fixed assets was NOK 8 million against NOK 5 million a year ago.

Sparebank 1 Nord-Norge Reports Group and Parent Earnings Results for the Year Ended December 31, 2014

SpareBank 1 Nord-Norge reported group and parent earnings results for the year ended December 31, 2014. For the period, the group reported net interest income of NOK 1,426 million against NOK 1,285 million a year ago. Result below tax was NO 1,345 million against NOK 1,181 million a year ago. Result for the year was NOK 1,095 million against NOK 967 million a year ago. Diluted result per Equity Certificates was NOK 5.17 against NOK 4.60 a year ago. Cash provided from operations was NOK 1,355 million against NOK 1,086 million a year ago. Investment in fixed assets was NOK 131 million against NOK 136 million a year ago. Return on equity capital was 12.2% against 13.0% a year ago. For the period, the parent company reported net interest income of NOK 1,712 million against NOK 1,242 million a year ago. Result below tax was NO 1,107 million against NOK 918 million a year ago. Result for the year was NOK 915 million against NOK 743 million a year ago. Diluted result per Equity Certificates was NOK 4.36 against NOK 3.50 a year ago. Cash provided from operations was NOK 1,002 million against NOK 925 million a year ago. Investment in fixed assets was NOK 35 million against NOK 25 million a year ago.

SpareBank 1 Nord-Norge to Report Fiscal Year 2014 Results on Mar 24, 2015

SpareBank 1 Nord-Norge announced that they will report fiscal year 2014 results on Mar 24, 2015

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