Rogaland Sparebank Company Profile

Author

Reads 1.5K

Breathtaking sunset over rugged coastal landscape in Norway with snow-capped mountains.
Credit: pexels.com, Breathtaking sunset over rugged coastal landscape in Norway with snow-capped mountains.

Rogaland Sparebank is a Norwegian bank that was founded in 1825, making it one of the oldest banks in the country.

It has a long history of serving the Rogaland region, which is located in the southwest of Norway.

Rogaland Sparebank has a strong presence in the local community, with a wide range of banking services available to its customers.

The bank has a reputation for being a stable and reliable financial institution.

A unique perspective: SpareBank 1 Nord-Norge

Bank Information

Rogaland Sparebank has reported its earnings results for the third quarter and nine months ended September 30, 2024.

On November 6, the bank released its earnings results for the third quarter and nine months ended September 30, 2024.

Rogaland Sparebank also reported its earnings results for the second quarter and six months ended June 30, 2024 on August 14.

The bank's financial reports are available for public viewing.

Financial Performance

Rogaland Sparebank has delivered a historical good first half-year in 2024, with a result of 226 million kroner after tax. This is an increase of 57.3 million kroner compared to the same period last year.

Person Paying Using a Bank Card
Credit: pexels.com, Person Paying Using a Bank Card

The bank's egenkapitalavkastningen after tax was 12.8 percent from January to June. This is a significant improvement from the previous year.

Sandnes Sparebank, one of the banks that merged to form Rogaland Sparebank, had a result of 226 million kroner after tax for the first half-year of 2024. This is an increase of 57.3 million kroner compared to the same period last year.

The bank's total driftskostnader were 169.6 million kroner for the first half-year of 2024, a reduction of 17.4 million kroner compared to the same period in 2023.

Here are some key financial performance indicators for Sandnes Sparebank:

  • Resultat etter skatt: 226 (168.7) millioner kroner.
  • Rentemargin: 1.94 % (1.75 %).
  • Rentenetto: 337.7 (285.5) millioner kroner.
  • Andre driftsinntekter: 109.3 (100.5) millioner kroner.
  • Driftskostnader: 169.6 (187.0) millioner kroner.

The bank's kostnadsgrad was 37.9 % (48.4 %) for the first half-year of 2024.

Latest News

Rogaland Sparebank has reported its earnings results for the third quarter and nine months ended September 30, 2024. This was announced on November 6, 2024.

The bank's financial performance has been a topic of interest among investors. In the second quarter, Rogaland Sparebank reported its earnings results for the six months ended June 30, 2024, on August 14, 2024.

Brick building in Oslo with large reflective windows and clear blue sky reflections.
Credit: pexels.com, Brick building in Oslo with large reflective windows and clear blue sky reflections.

One notable development in the Rogaland Sparebank universe is the acquisition of Hjelmeland Sparebank by Sandnes Sparebank. This deal was completed on July 31, 2024.

Rogaland Sparebank's earnings results for the first quarter ended March 31, 2024, were announced on May 8, 2024.

Here are the key dates for Rogaland Sparebank's earnings announcements:

Company Focus

Rogaland Sparebank has a strong focus on its customers, with a history dating back to 1864.

The bank has a long history of serving the people of Rogaland, Norway, and has been a part of the community for nearly 160 years.

Rogaland Sparebank is committed to providing excellent customer service and has a team of experienced and knowledgeable employees who are dedicated to helping customers achieve their financial goals.

Managers and Directors

The company Rogaland Sparebank has a diverse team of managers and directors, each with their own unique role.

Tomas Nordbø Middelthon is the Director of Finance/CFO, taking on this position on August 20, 2024.

A sleek modern glass banking building in an urban city setting, showcasing reflective architecture.
Credit: pexels.com, A sleek modern glass banking building in an urban city setting, showcasing reflective architecture.

Lars Kristiansen is responsible for Sales & Marketing, but the exact date of his appointment is not specified.

Stein Haga works as the Human Resources Officer, although the start date of his position is unknown.

Frode Svaboe, a 55-year-old, has been a Director/Board Member since December 31, 2009.

Harald Espedal, 53 years old, has served as Chairman since February 28, 2015.

Johan Wigestrand is also a Director/Board Member, but his age is not mentioned, and he took on this role on December 31, 2015.

Fokus på Ungdom

Our company focuses on supporting the younger generation, and we're proud to offer them favorable loan terms for their first home and mortgage loans.

We have a special program called Boliglån Ung, which provides young people with a more affordable way to own their first home.

Our Bate BSU account is a unique savings account designed specifically for individuals between 18 and 34 years old, with a very attractive savings rate.

Change and Stress

Crop unrecognizable coworkers in formal wear standing at table with laptop and documents while greeting each other before meeting
Credit: pexels.com, Crop unrecognizable coworkers in formal wear standing at table with laptop and documents while greeting each other before meeting

You'll be relieved to know that switching to Rogaland Sparebank is stress-free, especially for Bate members who want to transfer their loan.

Their dedicated team is professionally skilled and will guide you through the process, making the bank switch less overwhelming.

Rogaland Sparebank waives the establishment fee for Bate members who move their loan to their bank.

This means you won't have to worry about any extra costs when changing banks.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.