September 24, 2016 10:54 PM ET

Banks

Company Overview of Sparebanken Sogn Og Fjordane

Company Overview

Sparebanken Sogn og Fjordane provides banking products and services to small and medium-sized enterprises, the public and financial sector, and retail customers primarily in the county of Sogn og Fjordane Norway. The company offers various deposit products, financing, investment, insurance, and foreign currency services, as well as pension and payment services; and interest rate instruments. It also manages various properties; and provides estate agency services. The company has 23 branches and 23 bank-in-shop outlets in 21 municipalities in the county of Sogn og Fjordane. Sparebanken Sogn og Fjordane is headquartered in Førde, Norway.Sparebanken Sogn Og Fjordane operates as a subsidiary of ...

Langebruvegen 12

Førde,  6801

Norway

258 Employees

Phone:

47 57 82 97 00

Key Executives for Sparebanken Sogn Og Fjordane

Chief Executive Officer and Managing Director
Chief Financial Officer
Director of Human Resources
Director of Strategy & Business Development
Corporate Banking Director
Compensation as of Fiscal Year 2016.

Sparebanken Sogn Og Fjordane Key Developments

Parebanken Sogn Og Fjordane Announces Earnings Results for the Second Quarter Ended June 30, 2016; Announces Loan Impairment Charges for the Second Quarter Ended June 30, 2016

Sparebanken Sogn Og Fjordane announced earnings results for the second quarter ended June 30, 2016. For the quarter, the company reported net interest income of NOK 369 million compared to NOK 371 million a year ago. profit before taxation was NOK 209 million compared to NOK 218 million a year ago. profit after taxation of NOK 159 million compared NOK 155 million a year ago. Return on equity was 7.03% compared to 10.23% a year ago. The company announced loan impairment charges for the second quarter ended June 30, 2016 For the quarter, the company reported loan impairment charges of NOK 62 million compared to NOK 12 million a year ago.

Sparebanken Sogn Og Fjordane Announces Earnings Results for First Quarter Ended March 31, 2016

Sparebanken Sogn Og Fjordane announced earnings results for first quarter ended March 31, 2016. For the quarter, the company reported net interest income of NOK 172 million, profit before taxation of NOK 72 million, profit after taxation of NOK 49 million, return on equity of 7.09% compared to the net interest income of NOK 188 million, profit before taxation of NOK 95 million, profit after taxation of NOK 68 million, return on equity of 9.13% for the same quarter a year ago.

Sparebanken Sogn Og Fjordane Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended and Parent Earnings Results for the Year Ended December 31, 2015

Sparebanken Sogn Og Fjordane announced unaudited consolidated earnings results for the fourth quarter and year ended and parent earnings results for the year ended December 31, 2015. For the quarter, on consolidated basis, the company's net interest income was NOK 193 million compared with NOK 189 million a year ago. Total revenues were NOK 168 million compared with NOK 223 million a year ago. Profit before taxation was NOK 63 million compared with NOK 67 million a year ago. Profit for the period was NOK 51 million compared with NOK 55 million a year ago. For the year, on consolidated basis, the company's net interest income was NOK 754 million compared with NOK 726 million a year ago. Total revenues were NOK 812 million compared with NOK 911 million a year ago. Profit before taxation was NOK 331 million compared with NOK 474 million a year ago. Profit for the period was NOK 245 million compared with NOK 363 million a year ago. Net cash flow from operating activities was NOK 462 million compared with NOK 274 million a year ago. Investments in fixed assets, intangible assets and goodwill were NOK 20 million compared with NOK 35 million a year ago. Return on equity was 10.77% compared with 10.61% a year ago. For the year, on parent basis, the company's net interest income was NOK 604 million compared with NOK 570 million a year ago. Total revenues were NOK 749 million compared with NOK 837 million a year ago. Profit before taxation was NOK 286 million compared with NOK 410 million a year ago. Profit for the period was NOK 238 million compared with NOK 344 million a year ago.

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