SpareBank 1 Nord-Norge - Financial results for 2010
(Thomson Reuters ONE) -
Very good results with a profit of NOK 1 billion
The accounts that are presented today show a profit before tax of NOK 1,002
million.
SpareBank 1 Nord-Norge strengthened its market position in Northern Norway and
its market share for retail market lending throughout 2009 and 2010. There has
been significant growth in deposits of 12.9 per cent over the last 12 months.
Despite a very large customer base of 280,500 customers, the bank had a net
increase of 4,766 customers during 2010.
The bank's focus on the public sector has also shown good results. Several large
new customers have contributed to extremely high growth in deposits in the
public sector of 22.3 per cent. The Brønnøysund Register Centre, Norwegian
National Collection Agency, University of Nordland and Norwegian Defence Estates
Agency are some of the government agencies the bank has won through competitive
tendering.
- Competence, good solutions and good terms have been decisive for the bank's
ability to strengthen its position in the market, says CEO Hans Olav Karde.
The group's core operations remain strong and show a profit before losses of NOK
685 million, which is an improvement of NOK 22 million over 2009. The losses are
at a low level, with net losses of NOK 87 million, which is NOK 98 million lower
than the previous year.
The bank is financially sound with a core capital adequacy ratio of 10.9 per
cent.
The combined profit attributable to the group's subsidiaries was NOK 82 million
before tax, which is a significant improvement compared with 2009.
- We are very satisfied and our employees have reason to be proud of the results
we are presenting today. Our advisers have been more active in the market and
met with more retail and corporate customers than ever before. In addition, our
advisers are in the final phase of a demanding competence boost that will
further improve the customers' perception of SpareBank1 Nord-Norge as an adviser
bank, says Karde.
In September 2010 SpareBank 1 Nord-Norge started banking operations in Russia
through the North-West 1 Alliance Bank with branch offices in Murmansk and St.
Petersburg.
The bank's Main Board of Directors proposes the payment of a dividend of NOK
5.75 per equity certificate to the Supervisory Board. In addition, the transfer
of NOK 300 million from the bank's equalisation reserve to the equity
certificate capital is proposed. This entails the issuance of 5,970,691 new
equity certificates with a nominal value of NOK 50, with 3 old equity
certificates giving entitlement to one new equity certificate. A split of the
bank's equity certificates is also proposed after the bonus issue so that the
new nominal value will be NOK 25.
SpareBank 1 Nord-Norge can point out with its vision of "For Northern Norway"
that around 90 per cent of its profits remain in the region. The bank has 74
branch offices in Northern Norway and Svalbard.
Key accounting figures (see page 1 of the enclosed memorandum). Any questions
may be directed to CEO Hans Olav Karde, tel. +47 901 51 981 or Deputy CEO
Oddmund Åsen, tel. +47 906 72 757. See also the bank's website at www.snn.no.
Tromsø, 9 February 2011
for SpareBank 1 Nord-Norge
Stig-Arne Engen
Director of Communications
About SpareBank 1 Nord-Norge:
SpareBank 1 Nord-Norge is a leading provider of financial products and services
within the retail banking and corporate banking markets and public sector
throughout the region. The Bank has a total customer base of around 244,000
retail banking customers, around 36,500 corporate customers, including public
sector agencies, clubs and associations, and around 101,000 insurance customers.
The Bank has 74 branch offices in Finnmark, Troms, Nordland and Svalbard.
In September 2010, SpareBank 1 Nord-Norge established banking operations in
Russia through North-West 1 Alliance Bank. SpareBank 1 Nord-Norge holds a 75
per cent ownership interest in the bank, while the remaining 25 per cent of the
shares is owned by SpareBank 1 Nord-Norge's Russian partner Bank Tavrichesky in
St. Petersburg. The new bank is headquartered in St. Petersburg and has a
branch office in Murmansk.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
4th quarter 2010:
http://hugin.info/147/R/1486760/422147.pdf
Presentation of 4th quarter 2010:
http://hugin.info/147/R/1486760/422149.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SpareBank 1 Nord-Norge via Thomson Reuters ONE
[HUG#1486760]
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2011 - 08:03 Uhr
Sprache: Deutsch
News-ID 51248
Anzahl Zeichen: 5517
contact information:
Town:
Tromsø
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 258 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SpareBank 1 Nord-Norge - Financial results for 2010"
steht unter der journalistisch-redaktionellen Verantwortung von
SpareBank 1 Nord-Norge (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
