Bloomberg the Company & Products

Bloomberg Anywhere Login

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


July 06, 2015 12:21 AM ET

Banks

Company Overview of Nordea Bank Norge ASA

Company Overview

Nordea Bank Norge ASA, together with its subsidiaries, provides banking products and services to household customers, corporate customers, and institutional and public companies in Norway. The company offers loans, deposits, cards, pension accounts, and insurance products; and capital markets products, including financial instruments, or arrangement for a financial instrument, that are available in the financial marketplace, including currencies, commodities, stocks, bonds, and existing arrangements. It also provides cash management; trade and project finance; leasing, hire purchase, and factoring; asset management; discretionary management; and netbank services. In addition, the company is ...

Middelthunsgt. 17

PO Box 1166

Sentrum

Oslo,  0107

Norway

2,696 Employees

Phone:

47 22 48 50 00

Fax:

47 22 48 47 09

Key Executives for Nordea Bank Norge ASA

Chief Executive Officer
Age: 60
Chief Executive Officer of Nordea Group and President of Nordea Group
Age: 60
Vice President of Group HR and Head of HR in Retail Banking
Age: 65
Executive Vice President
Executive Vice President
Compensation as of Fiscal Year 2015.

Nordea Bank Norge ASA Key Developments

Nordea Bank Norge ASA Reports Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015

Nordea Bank Norge ASA reported consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company's interest income was NOK 4,584 million compared to NOK 4,908 million a year ago. Net interest income was NOK 2,385 million compared to NOK 2,443 million a year ago. Total operating income was NOK 3,455 million compared to NOK 3,200 million a year ago. Operating profit was NOK 1,934 million compared to NOK 1,561 million a year ago. Net profit was NOK 1,477 million compared to NOK 1,122 million a year ago. Basic and diluted earnings per share were NOK 2.7 compared to NOK 2.0 a year ago. Cash flow from operating activities was NOK 18,438 million compared to NOK 9,504 million a year ago. Purchase of property and equipment was NOK 103 million compared to NOK 121 million a year ago. Purchase of intangible assets was NOK 6 million compared to NOK million a year ago. Return on equity was 12.9% compared to 10.9% a year ago. Return on assets was 0.2% compared to 0.2% a year ago. For the quarter, on parent basis, the company's interest income was NOK 3,539 million compared to NOK 3,780 million a year ago. Net interest income was NOK 1,729 million compared to NOK 1,719 million a year ago. Operating profit was NOK 1,351 million compared to NOK 929 million a year ago. Net profit was NOK 1,009 million compared to NOK 668 million a year ago.

Nordea Bank Norge ASA, Annual General Meeting, Mar 04, 2015

Nordea Bank Norge ASA, Annual General Meeting, Mar 04, 2015.

Nordea Bank Norge Reports Consolidated Earnings for the Fourth Quarter and Full Year of 2014 and Parent Earnings Results for the Full Year 2014

Nordea Bank Norge reported consolidated earnings for the fourth quarter and full year of 2014 and parent earnings results for the full year 2014. For the period, on consolidated basis, the company reported total operating income was NOK 13,173 million against NOK 12,685 million a year ago. Operating profit was NOK 6,854 million against NOK 6,559 million a year ago. Net profit was NOK 4,963 million against NOK 4,701 million a year ago. Earnings per share was NOK 9 against NOK 8.5 per share a year ago. Return on equity was 11.6% against 12.3% a year ago. Return on assets was 0.8% against 0.8% a year ago. The increase of 4% in total operation income, mainly driven by strong net interest income and greater results from net fee and commission income. Net interest income was NOK 9,808 million against NOK 9,391 million a year ago. Net fee and commission income was NOK 2,668 million against NOK 2,440 million a year ago. Profit before loan losses was NOK 7,675 million against NOK 7,960 million a year ago. Cash flow from operating activities was NOK 5,434 million against cash flow used in operating activities of NOK 7,048 million a year ago. Acquisition of property and equipment was NOK 679 million against NOK 154 million a year ago. For the quarter on consolidated basis, the company reported net interest income of NOK 2,471 million against NOK 2,478 million a year ago. Total operating income was NOK 3,451 million against NOK 3,358 million a year ago. Profit before loan losses was NOK 2,120 million against NOK 2,238 million a year ago. Operating profit was NOK 2,066 million against NOK 1,915 million a year ago. Net profit was NOK 1,462 million against NOK 1,360 million a year ago. Earnings per share was NOK 9 against NOK 8.5 per share a year ago. For the period, on parent basis, the company reported the net profit to NOK 3,762 million, up 36% from NOK 2,774 million last year. Net interest income was NOK 7,089 million against NOK 6,738 million a year ago. Net fee and commission income was NOK 2,507 million against NOK 2,269 million a year ago. Profit before loan losses was NOK 5,908 million against NOK 5,294 million a year ago. Total operating income was NOK 11,119 million against NOK 9,773 million a year ago. Operating profit was NOK 5,148 million against NOK 3,954 million a year ago. Net profit was NOK 3,762 million against NOK 2,774 million a year ago. Earnings per share was NOK 6.82 against NOK 5.03 per share a year ago. Cash flow from operating activities was NOK 5,933 million against cash flow used in operating activities of NOK 17,116 million a year ago. Acquisition of property and equipment was NOK 270 million against NOK 154 million a year ago.

Similar Private Companies By Industry

Company Name Region
Netfonds Bank ASA Europe
Sparebanken Sogn Og Fjordane Europe
Bamble Sparebank Europe
Marker Sparebank Europe
Bank2 ASA Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Nordea Bank Norge ASA, please visit www.nordea.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.