| SVEG Stock | | | NOK 124.26 1.66 1.32% |
Chairman
Mr. Jan Erik Kjerpeseth was Chief Executive Officer of Sparebanken Vest since October 31, 2013. Before that, he has served as Deputy Managing Director of the Company since June 19, 2006. He was with the Company since 1999. He is also Chairman of the Board of Directors of Frende Liv, Frende Skade, Bergen Havn and Brage Finans, as well as Finans Norge, Vipps and Finance Innovation. He is former Chair of the Board as well as Deputy Chairman of Bergen Chamber of Commerce and Board Member of Nets. Between 2003 and June 19, 2006, he held the position of Chief Marketing Officer of the Company. His previous experience as Marketing Manager also includes Sparebanken Sogn og Fjordane since 2013.
| Age | 52 |
| Tenure | 11 years |
| Professional Marks | MBA |
| Phone | 47 91 50 55 55 |
| Web | https://www.spv.no |
Kjerpeseth holds a degree in Marketing from the Norwegian School of Marketing, as well as a MBA degree from HeriotWatt University and an Executive MBA degree in Brand Management from the Norwegian School of Economics and Business Administration .
Sparebanken Vest Management Efficiency
The company has return on total asset
(ROA) of
0.0113 % which means that it generated a profit of $0.0113 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
0.1351 %, meaning that it generated $0.1351 on every $100 dollars invested by stockholders. Sparebanken Vest's management efficiency ratios could be used to measure how well Sparebanken Vest manages its routine affairs as well as how well it operates its assets and liabilities.
Sparebanken Vest has accumulated 119.81
B in total debt. Debt can assist Sparebanken Vest until it has trouble settling it off, either with new capital or with free cash flow. So, Sparebanken Vest'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 Sparebanken Vest sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sparebanken to invest in growth at high rates of return. When we think about Sparebanken Vest's use of debt, we should always consider it together with cash and equity.
Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Hordaland, Rogaland, and Sogn og Fjordane, Norway. The company was founded in 1823 and is headquartered in Bergen, Norway. SPAREBANKEN VEST is traded on Oslo Stock Exchange in Norway. Sparebanken Vest (SVEG) is traded on Oslo Stock Exchange in Norway and employs 755 people.
Management Performance
Sparebanken Vest Leadership Team
Elected by the shareholders, the Sparebanken Vest's board of directors comprises two types of representatives: Sparebanken Vest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sparebanken. The board's role is to monitor Sparebanken Vest's management team and ensure that shareholders' interests are well served. Sparebanken Vest'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, Sparebanken Vest's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henrik Tnnessen, Compliance Officer | |
| Siren Sundland, Director of Operational Services | |
| Frank Johannesen, Director of Risk Management and Member of Validation Committee | |
| Jan Kjerpeseth, CEO and Chairman of Validation Committee | |
| Monica Dsvig, Head Legal | |
| Johannes Dobson, Head Communications | |
| Therese Arentsen, Ex Organization | |
| Lars Breivik, Chief Communication | |
| Terje Mjelde, Head Accounting | |
| Brede Kristiansen, Director Relations | |
Sparebanken Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sparebanken Vest 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.
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Other Information on Investing in Sparebanken Stock
Sparebanken Vest financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Vest security.