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Sparebanken Vest (SVEG.OL)

SVEG.OL on Oslo Stock Exchange

54.60NOK
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Sparebanken Vest Q3 NII up at NOK ‍650​ mln
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - SPAREBANKEN VEST ::Q3 NET INTEREST INCOME NOK ‍650​ MILLION VERSUS NOK 592 MILLION YOY.‍Q3 PRE-TAX PROFIT OF NOK 513 MILLION (NOK 453 MILLION)​.Q3 LOAN LOSSES NOK 21 MILLION VERSUS NOK 16 MILLION YEAR AGO.  Full Article

BRIEF-Sparebanken Vest Q2 pre-tax profit soars to NOK 504 million, beats estimates
Thursday, 18 Aug 2016 

Sparebanken Vest : Q2 net interest income 601 million Norwegian crowns (Reuters poll 605 million crowns) . Q2 pre-tax profit 504 million crowns (Reuters poll 377 million crowns) . Q2 loan losses 16 million crowns (Reuters poll 69.7 million crowns) . Expects flat cost development excluding restructuring in 2016 and 2017 . Says development with respect to losses and write-downs has been more positive than expected so far this year .Says will further reduce its expected write-downs for 2016 to 150–200 million crowns.  Full Article

Sparebanken Vest announces successful issue of NOK 300 million bond
Tuesday, 3 May 2016 

Sparebanken Vest:Successful issue of 300 million Norwegian crowns bond.Coupon in bond issue is 3M NIBOR + 2.80 pp.Bond maturity is May 12, 2021.  Full Article

Sparebanken Vest clarifies FY 2016 guidance
Thursday, 28 Apr 2016 

Sparebanken Vest:Says previous expectation of write-downs somewhere in region of 250 million-300 million crowns in 2016 still applies, but withpre-ponderance of probability that figure will be in lower part of interval.A slightly lower return on equity is expected in 2016.Bank is on schedule with measures to ensure a flat cost development in 2016 and 2017.Bank’s capital accumulation plan assumes that dividend for 2016 will in the lower part of the interval.Dividend policy prescribes a 50–80 pct cash dividend of the equity certificate holders’ share of profits.  Full Article