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August 02, 2015 3:34 AM ET


Company Overview of SpareBank 1 SR-Bank

Company Overview

SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides a range of financial services for personal and corporate customers in Southern and Western Norway. The company offers its products and services in the areas, such as loans, savings, advice, insurance, and pensions. It‘s activities also include own account and customer trading in interest rate instruments, foreign exchange, and equities; and provides advice and facilitates debt and equity funding, as well as administrative securities services. In addition, the company sells real estate properties comprising commercial real estate, holiday homes, new builds, and existing homes, as well as provides brokerage services; offers leas...

Bjergsted Terrasse 1

PO Box 250

Stavanger,  4066


Founded in 1839

1,135 Employees


47 51 57 12 60

Key Executives for SpareBank 1 SR-Bank

Chief Executive Officer
Age: 59
Total Annual Compensation: $4.3M
Chief Financial Officer
Total Annual Compensation: $2.5M
Executive Vice President of Corporate Market
Total Annual Compensation: $2.5M
Executive Vice President of Retail Market
Total Annual Compensation: $2.4M
Executive Vice President of Communications
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2014.

SpareBank 1 SR-Bank Key Developments

SpareBank 1 SR-Bank ASA Elects Kate Henriksen and Bergen as New Board Members

On June 4, 2015, the Supervisory Board of SpareBank 1 SR-Bank ASA elected Kate Henriksen and Bergen as a new board members of the company.

SpareBank 1 SR-Bank ASA Approves Dividend for 2014, Payable on May 7, 2015

SpareBank 1 SR-Bank ASA announced that at the AGM held on April 28, 2015, the company approved the payment of a dividend for 2014 of NOK 2.00 per share for those who are shareholders as of 28 April 2015, with payment on May 7, 2015. The shares of SpareBank 1 SR-Bank ASA will be traded ex-dividend from April 29, 2015.

SpareBank 1 SR-Bank ASA Reports Group Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for the First Quarter Ended March 31, 2015

SpareBank 1 SR-Bank ASA reported group earnings results for the first quarter ended march 31, 2015. For the quarter, the bank reported net interest income of NOK 627 million against NOK 547 million a year ago. Total income was NOK 1,246 million against NOK 1,346 million a year ago. Operating profit before losses was NOK 628 million against NOK 787 million a year ago. Profit after tax from continuing operations was NOK 496 million against NOK 659 million a year ago. Return on equity was 12.7% against 18.4% a year ago. Earnings per share were NOK 1.94 against NOK 2.58 a year ago. Impairment losses on loans and guarantees for the quarter were NOK 88 million against NOK 54 million of first quarter 2014.

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