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Sparebanken Vest (SVEG.OL)

SVEG.OL on Oslo Stock Exchange

53.75NOK
15 Dec 2017
Change (% chg)

kr-0.25 (-0.46%)
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kr54.00
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kr53.75
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Volume
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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

Sparebanken Vest proposes 2015 dividend of NOK 1.10/equity certificate
Wednesday, 24 Feb 2016 

Sparebanken Vest:Proposes dividend of 1.10 Norwegian crown per equity certificate.Payment date is as of April 4, 2016.  Full Article

Sparebanken Vest will reduce number of full-time equivalents by about 100
Tuesday, 2 Feb 2016 

Sparebanken Vest:‍Will reduce number of branch offices from 44 to 35​.‍Is announcing offensive measures aimed at ensuring an even more customer-oriented and efficient organisation​ ‍.Will reduce number of full-time equivalents by about 100 by end of 2016​ ‍.Says in some parts of organisation, there is also a need to recruit new expertise​.  Full Article

Norway keeps countercyclical capital buffer for banks unchanged

OSLO, Dec 14 Norway will not make additional changes to its countercyclical capital buffer requirement for banks, the finance ministry said in a statement on Thursday.