Understanding Voss Veksel- og Landmandsbank in Norway

Voss Veksel- og Landmandsbank was a bank in Norway that played a significant role in the country's financial history.

The bank was established in 1825 in Voss, a municipality in western Norway.

Founded by a group of local businessmen, the bank's primary goal was to provide financial services to the rural population.

The bank's name translates to Voss Exchange and Agricultural Bank in English, reflecting its focus on facilitating transactions and supporting the local agricultural industry.

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Voss Veksel- og Landmandsbank ASA reported its earnings results for the third quarter and nine months ended September 30, 2024.

This was announced on October 30.

The bank released a statement on August 26, providing today's stock recommendations at a glance.

Let's take a look at the managers at Voss Veksel- og Landmandsbank ASA. The CEO of the bank is Stig Gunnar Røthe, who has been in the role since September 28, 2017, at the age of 56.

Stig Gunnar Røthe's title is Chief Executive Officer, and he's been leading the bank for several years. He's a seasoned professional with a wealth of experience in the industry.

The Director of Finance/CFO is Bård Gjerde, who is 60 years old. Unfortunately, we don't have information on when he started in this role.

Here's a brief overview of the bank's top managers:

Voss Veksel- og Landmandsbank ASA has reported its earnings results for the third quarter and nine months ended September 30, 2024.

The bank has a strong earnings position, which is expected to continue through 2026.

Voss Veksel- og Landmandsbank ASA has been assigned a 'BBB+' long-term issuer rating by Nordic Credit Rating, with a stable outlook.

Here are the bank's ratings:

The bank's ratings are constrained by its geographic concentration in the relatively rural local economy of the Voss region and a high proportion of real-estate collateral in its core markets.

You'll need a SWIFT code for international transfers with Voss Veksel-og Landmandsbank Asa.

A SWIFT code is crucial for routing funds to the correct bank and branch, ensuring a secure and efficient transfer process.

You can find your Voss Veksel-og Landmandsbank Asa SWIFT code on your bank statement, by logging into your online banking account, or by contacting the bank directly.

The SWIFT code is often listed on the official Voss Veksel-og Landmandsbank Asa website under banking information or help sections.

Traditional banks often process international transfers slowly and at a higher cost, but there are alternative solutions available, such as the Qonto business account for international transactions.

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The sales and valuation of Voss Veksel- og Landmandsbank ASA are quite impressive. The company's market capitalization has fluctuated between 51.5M and 9.81B over the years.

One notable trend is the increase in market capitalization, with a high of 9.81B. This significant growth is likely to have a positive impact on the company's overall valuation.

Valuation is a crucial aspect of understanding a company's worth.

The capitalization of Voss Veksel- og Landmandsbank ASA can fluctuate, ranging from 51.5M to 9.81B.

Enterprise value is another key metric, which can also vary, from 51.5M to 9.81B.

A company's P/E ratio can give us insight into its valuation. In 2024, Voss Veksel- og Landmandsbank ASA has a P/E ratio of 7.74x.

Similarly, the P/E ratio for 2025 is 8.12x.

The EV/Sales ratio can also be a useful tool in evaluating a company's valuation. In 2024, Voss Veksel- og Landmandsbank ASA has an EV/Sales ratio of 4.58x.

In 2025, the EV/Sales ratio is expected to be 4.41x.

Here's a summary of the capitalization and enterprise value of Voss Veksel- og Landmandsbank ASA:

The yield for Voss Veksel- og Landmandsbank ASA is also worth noting, with a 2024 yield of 5.18% and a 2025 yield of 4.88%.

Sales by Activity is a crucial aspect of a company's financial performance, and Voss Veksel- og Landmandsbank ASA is no exception. The company's sales in the retail market have been steadily increasing, reaching 118M in 2023.

The corporate market has also seen significant growth, with sales reaching 56.62M in 2023. This is a notable increase from 2022, when sales were 44.02M. In contrast, undistributed sales have been declining, from -6.81M in 2020 to -3.41M in 2023.

Retail market sales have consistently surpassed corporate market sales, with the exception of 2020. This highlights the importance of diversifying sales channels to reduce reliance on a single market. Banking sales, however, are not consistently reported in the provided data.

Here's a breakdown of the company's sales by activity for the years 2020-2023:

This data highlights the company's growth in the retail and corporate markets, as well as the decline in undistributed sales.

Sales geography is an essential aspect of understanding a company's sales performance.

The geographical breakdown of sales for Voss Veksel- og Landmandsbank ASA shows a significant increase in sales over the years.

In 2019, the company's sales in Norway were 109M.

The sales in Norway continued to fluctuate, reaching 99.12M in 2020 and then increasing to 109M in 2021.

However, the sales in Norway saw a more substantial increase in 2022, reaching 130M.

By 2023, the sales in Norway had jumped to 171M, a notable increase from the previous year.

Check this out: List of Banks in Norway

Voss Veksel- og Landmandsbank ASA has reported its earnings results for the third quarter and nine months ended September 30, 2024.

The bank's earnings results were announced on October 30, 2024, and were reported in a news article.

Norne Securities has raised its target price for Voss Veksel- og Landmandsbank to NOK 304, from NOK 294, and reiterated its Buy recommendation.

Here's a list of the bank's earnings results for the past few years:

The bank's earnings results for 2023 and 2022 were also reported in news articles, highlighting the company's financial performance over the past two years.