Geir Andreassen - Sparebank Executive

NONG Stock  NOK 118.22  0.70  0.59%   

Executive

Mr. Geir Andreassen has served as Executive Vice President, Chief Technology Officer at SpareBank 1 NordNorge since 2017. He has previously been Executive Vice President, Chief Risk Officer at the Company. Prior to that, he held such roles at the Company as Senior Group General Manager, Finance Accounting, and Senior Group General Manager Risk. He has prior experience as Auditor from Noraudit Harstad, Director of Accounting from Tromso Sparebank and Internal Chief Auditor from Sparebanken Nord since 2017.
Tenure 7 years
Phone47 91 50 22 44
Webhttps://www.sparebank1.no
Andreassen holds a Bachelor degree in Auditing.

Sparebank Management Efficiency

The company has return on total asset (ROA) of 0.0153 % which means that it generated a profit of $0.0153 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1129 %, meaning that it generated $0.1129 on every $100 dollars invested by stockholders. Sparebank's management efficiency ratios could be used to measure how well Sparebank manages its routine affairs as well as how well it operates its assets and liabilities.
Sparebank 1 Nord Norge has accumulated 22.09 B in total debt. Debt can assist Sparebank until it has trouble settling it off, either with new capital or with free cash flow. So, Sparebank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sparebank 1 Nord sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sparebank to invest in growth at high rates of return. When we think about Sparebank's use of debt, we should always consider it together with cash and equity.

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SpareBank 1 Nord-Norge provides financial products and services to personal customers, companies, and organizations in Northern Norway. The company was founded in 1836 and is headquartered in Troms, Norway. SPAREBK 1 is traded on Oslo Stock Exchange in Norway. Sparebank 1 Nord Norge (NONG) is traded on Oslo Stock Exchange in Norway and employs 852 people.

Management Performance

Sparebank 1 Nord Leadership Team

Elected by the shareholders, the Sparebank's board of directors comprises two types of representatives: Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebank. The board's role is to monitor Sparebank's management team and ensure that shareholders' interests are well served. Sparebank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tor Oppheim, Elected Member
Stein Loftas, Chief Officer
AnnaLiisa Evensen, Head Compliance
Geir Andreassen, Senior Group General Manager, Risk Management and Compliance
Turid Aspenes, Executive Vice President Group Development
Trude Glad, Executive Vice President Salten Region
Lasse Hagerupsen, Executive Vice President Halogaland Region
Bengt Olsen, Chief Officer
Terje Nilsen, Chief Officer
Liv Ulriksen, Senior Group General Manager, Corporate and Retail Market

Sparebank Stock Performance Indicators

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Other Information on Investing in Sparebank Stock

Sparebank financial ratios help investors to determine whether Sparebank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sparebank with respect to the benefits of owning Sparebank security.