SpareBank 1 Ostlandet

SPOL

Equity

ISIN NO0010751910 / Valor 36965873

Oslo Stock Exchange (2025-03-17)

NOK 171.26+0.15%

SpareBank 1 Ostlandet
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

SpareBank 1 Østlandet is a financial institution that offers a wide range of services including financing for investments and operations, money transfer services, interest rate and currency hedging, investment of surplus liquidity, and insurance cover for individuals and commercial properties. The bank's Corporate Division works closely with the Retail Division and subsidiaries to provide leasing, factoring, accounting, and advisory services. Additionally, the Capital Market Division serves high-net-worth individuals and companies, offering advice and solutions for risk-adjusted returns on free capital. The bank also has a presence in the Organisation Market Division, serving the Norwegian Confederation of Trade Unions and affiliated associations. With headquarters in Hamar and branch offices across Innlandet, Akershus, and Oslo, SpareBank 1 Østlandet is listed on Oslo Børs and is part-owner of SpareBank 1 Gruppen AS and SpareBank 1 Utvikling. With a history of nearly 180 years, the bank has a strong presence in Østlandet and is the fourth largest savings bank in Norway, employing 1,100 proficient and engaged employees.

Summarized from source with an LLMView SourceSector: Finance

Profit After Tax

SpareBank 1 Østlandet reported a profit after tax of NOK 2,222 million for the year 2023. This reflects a strong financial performance amidst challenging global conditions, with a return on equity of 11.3%.

Net Interest Income

For 2023, SpareBank 1 Østlandet achieved a net interest income of NOK 3,655 million. This figure highlights the bank's ability to generate income from its core lending activities, contributing significantly to its overall financial results.

Operating Expenses

The total operating expenses for SpareBank 1 Østlandet in 2023 amounted to NOK 2,191 million. This represents a disciplined approach to cost management, ensuring that the bank remains efficient in its operations.

Loan Growth

SpareBank 1 Østlandet experienced a growth in gross loans to customers, reaching NOK 133,681 million by the end of 2023. This growth underscores the bank's expanding customer base and its ability to meet increasing demand for loans.

Dividend Distribution

In 2023, SpareBank 1 Østlandet maintained a dividend share of 10.2%, reflecting its commitment to providing returns to its shareholders. This decision aligns with the bank's strategy to balance reinvestment in growth opportunities with rewarding its investors.

Summarized from source with an LLMView Source

Key figures

26.9%1Y

20.6%3Y

130%5Y

Performance

20.1%1Y

19.9%3Y

21.2%5Y

Volatility