April 16, 2014 4:33 AM ET

Banks

Company Overview of SpareBank 1 SR-Bank

Company Overview

SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides a range of financial products and services for personal and corporate customers in Norway. The company offers its products and services in the areas of loans, savings, advice, insurance, and pensions. It is involved in trading interest rate instruments, foreign exchange, and equities; and the provision of advisory and administrative securities services, as well as facilitates debt and equity funding. In addition, it sells real estate properties, including commercial real estate, holiday homes, new builds, and existing homes; provides car, boat, and personal loans to retail customers, as well as lease financing services; and of...

Bjergsted Terrasse 1

PO Box 250

Stavanger,  4066

Norway

Founded in 1839

1,214 Employees

Fax:

47 51 57 12 60

Key Executives for SpareBank 1 SR-Bank

Chief Executive Officer
Age: 57
Total Annual Compensation: $3.8M
Chief Financial Officer
Total Annual Compensation: $2.2M
Executive Vice President of Capital Market
Total Annual Compensation: $2.5M
Executive Vice President of Retail Market
Total Annual Compensation: $2.1M
Executive Vice President of Communications
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

SpareBank 1 SR-Bank Key Developments

SpareBank 1 SR-Bank Proposes Amendments to Articles of Association

SpareBank 1 SR-Bank announced that AGM will be held on April 29, 2014, to propose the amendments to the articles of association.

Gjensidige Forsikring Cancels Sale Plans Of SpareBank

Gjensidige Forsikring ASA (OB:GJF) has revoked the sale of its stake in SpareBank 1 SR-Bank (OB:SRBANK). Gjensidige did not meet the requirements of a sale of at least 14 million share for NOK 63 per share and hence has put the sale on hold. Øystein Thoresen, Communications Director of Gjensidige, said that Gjensidige will retry the market again at a later stage.

SpareBank 1 SR-Bank ASA Proposes Dividend for 2013

SpareBank 1 SR-Bank ASA’s board proposed to pay a dividend of NOK 1.60 per share for the full year of 2013, up from NOK 1.50 per share for the full year of 2012.

Similar Private Companies By Industry

Company Name Region
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 12, 2013
SpareBank 1 Markets
Buyback
April 26, 2013
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