Bard Benum - SpareBank Deputy Chairman of the Board

SRMGF Stock  USD 11.50  0.00  0.00%   

Chairman

Mr. Bard Benum has served as Deputy Chairman of the Board of Directors at SpareBank 1 SMN since March 21, 2013. He was previously Member of the Board of Directors at the Company since March 2009. He is also Member of the internal audit committee since 2009 and member of the risk committee since 2013 at the Company. He has also been Group Chief Executive Officer at Powel. He has held senior positions at Norsk Hydro, Statoil and Reitan Group. He served as Chief Executive Officer of Cresco between 1998 and 2000, and of Vital Forsikring between 2001 and 2007. He holds MS degree from Norges TekniskNaturvitenskapelige Universitet NTNU from 1987. since 2013.
Age 54
Tenure 11 years
Phone47 91 50 73 00
Webhttps://www.sparebank1.no/nb/smn

SpareBank Management Efficiency

The company has return on total asset (ROA) of 0.0132 % which means that it generated a profit of $0.0132 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1154 %, meaning that it generated $0.1154 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.
The company has accumulated 46.53 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 SMN 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 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway. Sparebank operates under BanksRegional classification in the United States and is traded on OTC Exchange. It employs 1556 people. SpareBank 1 SMN [SRMGF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

SpareBank 1 SMN 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.
Kjell Fordal, CFO and Executive Director of Fin. Division
Janne Thomsen, Director
Christina Straub, Director, Employee Representative
Trond Soraas, Exec CFO
Wenche Seljeseth, Executive Director of Product, Processes and Production
Rolf Broske, Executive Director
Inge Lindseth, Director, Employee Representative
Svein Samdal, Executive Director – Retail
Bard Benum, Deputy Chairman of the Board
Aud Skrudland, Member of the Board
JohanPetter Winsnes, Acting Executive Director - Organisation and Development
Arnhild Holstad, Member of the Board
Trond Barikmo, Treasury MangIR
Hans Tronstad, Head Communications
Oddny Lysberg, Director, Employee Representative
Erik Gunnes, Director, Employee Representative
Tonje Foss, Director
Petter Lange, Chief Economist
Nelly Maske, Executive Director, Organization and Development
Morten Loktu, Director
Paul HjelmHansen, Member of the Board
Venche Johnsen, Director, Employee Representative
Ola Nerasen, Head of Risk Management and Compliance
Astrid Undheim, Ex Devel
Kjell Bjordal, Chairman of the Board
Mette Kamsvag, Director
Finn Haugen, Group CEO, Managing Director, Chairman of Eiendomsmegler 1 Midt-Norge AS, Member of Supervisory Board of Sparebanken Nord-Norge and Member of Supervisory Board of Sparebanken Rogaland
Finn Haugan, Group CEO, Managing Director, Chairman of Eiendomsmegler 1 Midt-Norge AS, Member of Supervisory Board of Sparebanken Nord-Norge and Member of Supervisory Board of Sparebanken Rogaland
Christian Stav, Director
Vegard Helland, Executive Director of Corporate Market Division
Tina Sund, Executive Director of HR, Performance Devel. and E-Bus.
JanFrode Janson, Group Officer

SpareBank Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is SpareBank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SpareBank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SpareBank's short interest history, or implied volatility extrapolated from SpareBank options trading.

Currently Active Assets on Macroaxis

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SpareBank 1 SMN. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the SpareBank 1 SMN information on this page should be used as a complementary analysis to other SpareBank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running SpareBank's price analysis, check to measure SpareBank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SpareBank is operating at the current time. Most of SpareBank's value examination focuses on studying past and present price action to predict the probability of SpareBank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SpareBank's price. Additionally, you may evaluate how the addition of SpareBank to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between SpareBank's value and its price as these two are different measures arrived at by different means. Investors typically determine if SpareBank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SpareBank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.