November 24, 2017 4:41 PM ET

Banks

Company Overview of SpareBank 1 Østlandet

Company Overview

SpareBank 1 Østlandet provides various financial and banking products and services to individuals, companies, and public sector in Hedmark, Oppland, and Akershus counties in Norway. The company offers retail and corporate banking, property brokerage, financing, leasing, accounting, and other services. It also provides deposits, loans, insurance, payment, and pension services. The company has 26 branches. SpareBank 1 Østlandet was founded in 1845 and is headquartered in Hamar, Norway.

Strandgata 15

Hamar,  

Norway

Founded in 1845

1,173 Employees

Phone:

47 91 50 29 99

Fax:

47 91 50 29 93

Key Executives for SpareBank 1 Østlandet

Chief Executive Officer
Age: 61
Total Annual Compensation: 3.0M NOK
Chief Financial Officer
Age: 50
Total Annual Compensation: 300.0K NOK
Chief Operating Officer
Total Annual Compensation: 1.3M NOK
Managing Director of Sparebank 1 Regnskapshuset Østlandet AS
Total Annual Compensation: 1.5M NOK
Managing Director of EiendomsMegler 1 Hedmark Eiendom AS
Total Annual Compensation: 1.1M NOK
Compensation as of Fiscal Year 2016.

SpareBank 1 Østlandet Key Developments

SpareBank 1 Østlandet Announces Group and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017

SpareBank 1 Østlandet announced group and parent earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, group basis, the company reported interest income was NOK 809 million against NOK 765 million a year ago. Net interest income was NOK 498 million against NOK 442 million a year ago. Total net income was NOK 923 million against NOK 804 million a year ago. Profit/loss before tax was NOK 476 million against NOK 587 million a year ago. Profit after tax was NOK 377 million against NOK 424 million a year ago. For the nine months, on group basis, the company reported interest income was NOK 2,419 million against NOK 1,708 million a year ago. Net interest income was NOK 1,454 million against NOK 1,038 million a year ago. Total net income was NOK 2,537 million against NOK 1,836 million a year ago. Profit/loss before tax was NOK 1,196 million against NOK 1,077 million a year ago. Profit after tax was NOK 926 million against NOK 819 million a year ago. Earnings per equity certificate were NOK 5.83 million against NOK 5.21 million a year ago. Net outflow in liquidity from operations was of NOK 1,925 million compared to net inflow in liquidity from operations of NOK 899 million a year ago. Investments in tangible fixed assets were of NOK 57 million compared to NOK 24 million a year ago. For the quarter, on parent basis, the company reported interest income was NOK 425 million against NOK 729 million a year ago. Net interest income was NOK 255 million against NOK 417 million a year ago. Total net income was NOK 341 million against NOK 667 million a year ago. Profit/loss before tax was NOK 376 million against NOK 351 million a year ago. Profit after tax was NOK 252 million against NOK 263 million a year ago. For the nine months, on parent basis, the company reported interest income was NOK 1,258 million against NOK 1,903 million a year ago. Net interest income was NOK 741 million against NOK 1,085 million a year ago. Total net income was NOK 1,227 million against NOK 1,879 million a year ago. Profit/loss before tax was NOK 885 million against NOK 1,019 million a year ago. Profit after tax was NOK 685 million against NOK 826 million a year ago. Net outflow in liquidity from operations was of NOK 453 million compared to net inflow in liquidity from operations of NOK 450 million a year ago. Investments in tangible fixed assets were of NOK 27 million compared to NOK 16 million a year ago.

SpareBank 1 Nord-Norge, SpareBank 1 Østlandet, SpareBank 1 SMN, Q3 2017 Earnings Call, Oct 27, 2017

SpareBank 1 Nord-Norge, SpareBank 1 Østlandet, SpareBank 1 SMN, Q3 2017 Earnings Call, Oct 27, 2017

SpareBank 1 Nord-Norge, SpareBank 1 SMN, SpareBank 1 SR-Bank ASA, Sparebanken Hedmark, SpareBank 1 Gruppen AS, Q2 2017 Earnings Call, Aug 09, 2017

SpareBank 1 Nord-Norge, SpareBank 1 SMN, SpareBank 1 SR-Bank ASA, Sparebanken Hedmark, SpareBank 1 Gruppen AS, Q2 2017 Earnings Call, Aug 09, 2017

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Recent Private Companies Transactions

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