October 19, 2017 9:48 PM ET

Thrifts and Mortgage Finance

Company Overview of Gjensidige Bank Boligkreditt AS

Company Overview

Gjensidige Bank Boligkreditt AS provides residential mortgage loans to retail customers in Norway. It primarily finances the lending portfolio by issuing covered bonds. The company was founded in 2009 and is based in Oslo, Norway. Gjensidige Bank Boligkreditt AS operates as a subsidiary of Gjensidige Bank ASA.

Schweigaards gate 14

Oslo,  0185

Norway

Founded in 2009

1 Employees

Key Executives for Gjensidige Bank Boligkreditt AS

Chief Executive Officer
Compensation as of Fiscal Year 2017.

Gjensidige Bank Boligkreditt AS Key Developments

Gjensidige Bank Boligkreditt AS Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017

Gjensidige Bank Boligkreditt AS reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net interest income of NOK 32,975,000 against NOK 29,859,000 a year ago. Total income was NOK 33,662,000 against NOK 30,333,000 a year ago. Profit before tax expense was NOK 29,278,000 against NOK 26,983,000 a year ago. Profit was NOK 21,958,000 or NOK 168.9 per basic and diluted share against NOK 20,238,000 or NOK 155.7 per basic and diluted share a year ago. Net cash flow from operating activities was NOK 2,772,261,000 against NOK 2,058,277,000 a year ago. Return on equity, annualized 6.21% compared to 5.98% a year ago.

Gjensidige Bank Boligkreditt AS Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Gjensidige Bank Boligkreditt AS reported unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income of NOK 23,725,000 against NOK 35,507,000 a year ago. Total income was NOK 24,292,000 against NOK 36,429,000 a year ago. Profit before tax expense was NOK 21,121,000 against NOK 33,829,000 a year ago. Profit for the period was NOK 8,018,000 against NOK 29,083,000 a year ago. Basic and diluted earnings per share were NOK 61.7 against NOK 223.7 a year ago. Return on equity, annualized was 2.3% against 8.6% a year ago. For the year, the company reported net interest income of NOK 112,850,000 against NOK 148,371,000 a year ago. Total income was NOK 115,849,000 against NOK 151,148,000 a year ago. Profit before tax expense was NOK 99,813,000 against NOK 141,808,000 a year ago. Profit for the period was NOK 71,272,000 against NOK 107,904,000 a year ago. Basic and diluted earnings per share were NOK 548.2 against NOK 830.0 a year ago. Net cash flow used in operating activities was NOK 2,802,113,000 against NOK 4,687,184,000 a year ago. Return on equity, annualized was 5.14% against 10.06% a year ago.

Gjensidige Bank Boligkreditt AS Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Gjensidige Bank Boligkreditt AS announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of NOK 26,326,000 against NOK 36,692,000 a year ago. Total income was NOK 27,392,000 against NOK 37,186,000 a year ago. Profit before tax expense was NOK 23,440,000 against NOK 34,325,000 a year ago. Profit for the period was NOK 17,580,000 or NOK 135.2 per basic and diluted share against NOK 25,057,000 or NOK 192.7 per basic and diluted share a year ago For the nine months period, the company reported net interest income of NOK 89,125,000 against NOK 112,864,000 a year ago. Total income was NOK 91,556,000 against NOK 114,719,000 a year ago. Profit before tax expense was NOK 78,693,000 against NOK 107,979,000 a year ago. Profit for the period was NOK 63,253,000 or NOK 486.6per basic and diluted share against NOK 78,821,000 or NOK 606.3 per basic and diluted share a year ago. Net cash flow used in operating activities was NOK 3,488,743,000 against NOK 5,263,115,000 a year ago.

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Recent Private Companies Transactions

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