April 18, 2014 2:55 AM ET

Banks

Company Overview of SpareBank 1 Nord-Norge

Company Overview

SpareBank 1 Nord-Norge provides financial products and services to retail market customers, smaller companies, and Nordic companies and persons operating businesses in Russia. It offers deposit products and lending products, including leasing and vendor’s fixed charge financing, commercial real estate financing, mortgage housing loans, corporate and consumer finance, and commercial real estate loans. The company also offers insurance, online banking, investment management, and real estate brokerage services. In addition, it is involved in various activities, such as currency hedging and spot trading, currency trading and financing, interest rate hedging instruments trading, and interest-bear...

Postboks 6800

Tromsø,  9298

Norway

Founded in 1836

922 Employees

Phone:

47 77 62 22 44

Fax:

47 77 62 25 71

Key Executives for SpareBank 1 Nord-Norge

Chief Executive Officer
Age: 44
Total Annual Compensation: $2.9M
Chief Financial Officer and Senior Group General Manager
Total Annual Compensation: $2.0M
Chief Executive Officer of Sparebank 1 Finans
Total Annual Compensation: $1.6M
Chief Executive Officer of Eiendomsmegler 1
Total Annual Compensation: $1.5M
Chief Executive Officer of Snn Invest As
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2013.

SpareBank 1 Nord-Norge Key Developments

SpareBank 1 Nord-Norge Announces Cash Dividend for the Year 2013

SpareBank 1 Nord-Norge announced a cash dividend for 2013 per equity certificate of NOK 1.10, totaling NOK 110,437,817.60. Dividend will be paid to registered EC-holders as at 25 March 2014. The ECs will be quoted ex-dividend 26 March 2014.

SpareBank 1 Nord-Norge, Board Meeting, Mar 25, 2014

SpareBank 1 Nord-Norge, Board Meeting, Mar 25, 2014. Agenda: To consider election of supervisory board.

Sparebank 1 Nord-Norge Announces Preliminary Unaudited Group and Parent Company Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

SpareBank 1 Nord-Norge announced preliminary unaudited group and parent company earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, parent net interest income was NOK 309 million, result before tax was NOK 225 million and results after tax was NOK 173 million or NOK 1.00 per diluted equity certificate against net interest income of NOK 264 million, result before tax of NOK 178 million and result after tax of NOK 178 million or NOK 0.84 per diluted equity certificate for the same period a year ago. For the full year, group net interest income was NOK 1,113 million, result before tax was NOK 1,107 million and results after tax was NOK 915 million or NOK 3.91 per diluted equity certificate against net interest income of NOK 1,034 million, result before tax of NOK 668 million and result after tax of NOK 515 million or NOK 3.27 per diluted equity certificate for the same period a year ago. For the quarter, group net interest income was NOK 360 million, result before tax was NOK 323 million and results after tax was NOK 272 million or NOK 1.16 per diluted equity certificate against net interest income of NOK 307 million, result before tax was NOK 212 million and results after tax was NOK 158 million or NOK 1.00 per diluted equity certificate for the same period a year ago. For the full year, group net interest income was NOK 1,290 million, result before tax was NOK 1,179 million and results after tax was NOK 964 million or NOK 4.12 per diluted equity certificate against net interest income was NOK 1,166 million, result before tax was NOK 767 million and results after tax was NOK 595 million or NOK 3.78 per diluted equity certificate for the same period a year ago. Return on equity was 13.0% against 9.0% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 12, 2013
SpareBank 1 Markets
 

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