Owner and investor policy

Our aim is to provide PCC holders and other investors in the market with information which will improve their knowledge of the bank and its marketing areas.

Good, accurate and timely information will help ensure that the basis for pricing SpareBank 1 Nord-Norge’s PCCs is as good as possible. 

Forward-looking information
The Bank will attempt to make the same information available simultaneously to all investors in the market. SpareBank 1 Nord-Norge’s information policy aims at giving the financial markets as much information about the bank’s future operations as possible, so that owners and investors are given an opportunity to understand the bank’s development potential.

Frequent communication
The bank will communicate frequently with PCC holders and financial analysts, for instance through presentations given in connection with the publication of annual and quarterly reports. Furthermore, in its communication with financial markets, the bank will seek to provide complete and up-to-date information in accordance with good and generally accepted business practice. SpareBank 1 Nord-Norge follows the Oslo Stock Exchange’s Code of Practice for IR and the Norwegian Code of Practice for Corporate Governance.

Please refer to the chapter in the annual report on corporate governance principles.

Dividend policy

The profit for the individual years will be divided proportionately between the ownership groups in accordance with their relative share of the bank’s equity. Dividends will be adopted to the greatest possible extent so that each ownership group receives an equal relative share of the profit as dividends.

Dividends will consist of cash dividends for equity certificate holders and funds for publicly beneficial purposes. Taking into account the bank’s financial strength, the bank aims to distribute up to 50% of the overall profit for the year as dividends.