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Last 54.25 NOK
Change Today -1.00 / -1.81%
Volume 1.8K
SVEG On Other Exchanges
Symbol
Exchange
OTC US
As of 10:25 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sparebanken vest (SVEG) Snapshot

Open
54.00 NOK
Previous Close
55.25 NOK
Day High
54.25 NOK
Day Low
54.00 NOK
52 Week High
04/30/15 - 65.50 NOK
52 Week Low
12/17/14 - 42.60 NOK
Market Cap
1.7B
Average Volume 10 Days
6.0K
EPS TTM
27.46 NOK
Shares Outstanding
31.8M
EX-Date
03/19/15
P/E TM
2.0x
Dividend
4.00 NOK
Dividend Yield
7.37%
Current Stock Chart for SPAREBANKEN VEST (SVEG)

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sparebanken vest (SVEG) Details

Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Hordaland, Rogaland, and Sogn og Fjordane, Norway. It operates through Corporate Market, Retail Market, Treasury, and Estate Agency Activities segments. The company operates through 48 points of sale outlets. It is also involved in estate agency, home mortgages, and property management activities, as well as renting out premises to external tenants. The company was founded in 1823 and is headquartered in Bergen, Norway.

799 Employees
Last Reported Date: 08/13/15
Founded in 1823

sparebanken vest (SVEG) Top Compensated Officers

Managing Director and Chairman of Validation ...
Total Annual Compensation: 3.3M NOK
Director of HR and Corporate Communication
Total Annual Compensation: 1.9M NOK
Director of Business Support and Development
Total Annual Compensation: 1.8M NOK
Director of Retail Market and Member of Valid...
Total Annual Compensation: 2.1M NOK
Director of Finance & Risk and Member of Vali...
Total Annual Compensation: 2.1M NOK
Compensation as of Fiscal Year 2014.

sparebanken vest (SVEG) Key Developments

Sparebanken Vest Reports Group Earnings Results for the Second Quarter and Six Months and Parent Earnings Results for the Six Months Ended June 30, 2015

Sparebanken Vest reported group earnings results for the second quarter and six months and parent earnings results for the six months ended June 30, 2015. For the quarter, the company announced net interest and credit commission income of NOK 584 million compared to NOK 575 million a year ago. Net operating income was NOK 753 million compared to NOK 778 million a year ago. Profit before write-downs and tax was NOK 386 million compared to NOK 413 million a year ago. Pre-tax profit was NOK 348 million compared to NOK 433 million a year ago. Profit for the period was NOK 260 million or NOK 1.59 per diluted share compared to NOK 360 million or NOK 2.32 per diluted share a year ago. Return on equity after tax was 11.1% compared to 16.8% a year ago. The NOK 9 million increase in net interest income is primarily a result of lower interest expenses and higher volume. For the six months, the company announced net interest and credit commission income of NOK 1,170 million compared to NOK 1,141 million a year ago. Net operating income was NOK 1,555 million compared to NOK 1,715 million a year ago. Profit before write-downs and tax was NOK 832 million compared to NOK 986 million a year ago. Pre-tax profit was NOK 755 million compared to NOK 959 million a year ago. Profit for the period was NOK 567 million or NOK 3.47 per diluted share compared to NOK 772 million or NOK 4.98 per diluted share a year ago. Net cash flow from operations was NOK 933 million compared to NOK 1,163 million a year ago. Payments made on purchases of operating assets etc. was NOK 183 million compared to NOK 140 million a year ago. Return on equity after tax was 12.3% compared to 18.3% a year ago. For the six months, on parent basis, the company announced net interest and credit commission income of NOK 829 million compared to NOK 755 million a year ago. Net operating income was NOK 1,036 million compared to NOK 1,203 million a year ago. Profit before write-downs and tax was NOK 428 million compared to NOK 576 million a year ago. Pre-tax profit was NOK 352 million compared to NOK 395 million a year ago. Profit for the period was NOK 265 million or NOK 1.62 per diluted share compared to NOK 314 million or NOK 2.03 per diluted share a year ago.

Sparebanken Vest, Q2 2015 Earnings Call, Aug 13, 2015

Sparebanken Vest, Q2 2015 Earnings Call, Aug 13, 2015

Sparebanken Vest, Q1 2015 Earnings Call, Apr 29, 2015

Sparebanken Vest, Q1 2015 Earnings Call, Apr 29, 2015

 

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SVEG:NO 54.25 NOK -1.00

SVEG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Danske Bank A/S kr207.30 DKK -0.80
DNB ASA 117.80 NOK 0.00
Sandnes Sparebank 88.50 NOK 0.00
SpareBank 1 SR-Bank ASA 44.50 NOK +0.40
Svenska Handelsbanken AB kr127.60 SEK +1.30
View Industry Companies
 

Industry Analysis

SVEG

Industry Average

Valuation SVEG Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 1.7x
TEV/Sales NM Not Meaningful
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