Investor Relations
SpareBank 1 Østlandet is the leading savings bank in Eastern Norway. We are part of the SpareBank 1 alliance, which consists of independent savings bank across the country.
Presentation of 1st quarter 2024 accounts
The presentation will be held by Group CEO Klara-Lise Aasen (picture) and CFO Geir-Egil Bolstad.
SpareBank 1 Østlandet will be presenting 1st quarter 2024 financial accounts.
- Time: Wednesday 8 May 2024 at 11.15 a.m. CET
- Place: Live webcast here
The presentation will be held by Group CEO Klara-Lise Aasen and CFO Geir-Egil Bolstad. The presentation will be held in Norwegian. A recording of the webcast will be made available on our web pages afterwards.
Questions during the presentation can be sent to investor@sb1ostlandet.no.
The quarterly report including relevant materials will be published during the stock exchange's opening hours on Wednesday 8 May (prior to the presentation).
A recorded English language presentation will be made available on yhis site.
Contacts at SpareBank 1 Østlandet:
Klara-Lise Aasen, CEO, tel.: +47 476 35 583
Geir-Egil Bolstad, CFO, tel.: +47 918 82 071
Bjørn-Erik R. Orskaug, Head of Investor Relations, tel.: +47 922 39 185
Annual report 2023
Annual results for 2023
(Figures in brackets concern the corresponding period in 2022)
• Profit after tax: NOK 2 222 (1 948) million
• Return on equity: 11.3 (10.5) per cent
• Earnings per equity capital certificate: NOK 12.99 (11.37)
• Net interest income: NOK 3 655 (2 693) million.
• Net commissions and other operating income: NOK 1 455 (1 588) million
• Net income from financial assets and liabilities: NOK 233 (162) million
• Total operating expenses: NOK 2 191 (2 037) million
• Net loan loss provisions were NOK 307 (27) million.
• Lending growth in the past 12 months, including mortgages transferred to the covered bond companies: 5.3 (8.7) per cent
• Deposit growth in the past 12 months: 7.8 (7.2) per cent
• The Board of Directors is proposing to the Supervisory Board of the Bank a cash dividend of NOK 7.80 (6.80) per equity capital certificate, totalling NOK 903 (788) million. Customer dividends of NOK 381 (306) million and a provision of NOK 6 (31) million for gifts are also proposed.
Thursday 22 February 2024
Merger approved by the General Meeting of Totens Sparebank and the Supervisory Board of SpareBank 1 Østlandet.
– I am very pleased that we received a positive decision in both banks. I am convinced that this is a good solution for both employees, customers, owners, and the community that Totens Sparebank is a part of, says CEO Richard Heiberg, SpareBank 1 Østlandet.
The implementation of the merger is still conditional upon the necessary approvals from relevant supervisory authorities without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.
CEO Richard Heiberg, SpareBank 1 Østlandet and CEO Rolf Endre Delingsrud , Totens Sparebank.
Totens Sparebank and SpareBank 1 Østlandet signs letter of intent to merge
The boards of Totens Sparebank and SpareBank 1 Østlandet have signed a letter of intent to merge the two banks. The merger will contribute to an increased focus on the Inland region, with strengthened local presence, proximity to customers and growth capacity.
A quick overview
Contact
Geir-Egil Bolstad
CFO
+47 918 82 071
Cathrine Mordal
Head of Treasury
+47 480 02 537
Bjørn-Erik Orskaug
Head of Investor Relations
+47 922 39 185