Arild Hansen - Sparebank Chief Executive Officer

SOAG Stock  NOK 375.00  1.00  0.27%   

CEO

Mr. Arild Bjorn Hansen was appointed Chief Executive Officer of Sparebank 1 Ostfold Akershus, effective as of August 1, 2013. He was previously Deputy Chief Executive Officer of the Company. He served as Executive Vice President at Halden Sparebank before the merger between RyggeVaaler Sparebank and Halden Sparebank in 2011. He has experience from Nordea, where has worked as Senior Business Consultant, Deputy General Manager and General Manager. He also worked for Bergen municipality and DnB. He is Chairman of the Boards of Nekor Gardselskap AS, EiendomsMegler 1 Ostfold Akershus AS, SpareBank 1 Kundesenter AS and Valer Park AS, as well as Board Member of Mosseporten Nringspark AS, Fasett Eiendom AS and Mosseporten Frysehotell AS. He holds MBA degree from University of Stirling . since 2013.
Age 54
Tenure 11 years
Professional MarksMBA
Phone47 91 50 57 00
Webhttps://www.sparebank1.no/nb/ostfold-akershus/priv

Sparebank Management Efficiency

The company has return on total asset (ROA) of 0.0147 % which means that it generated a profit of $0.0147 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0952 %, meaning that it generated $0.0952 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 Ostfold has accumulated 4.29 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 Ostfold 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 stfold Akershus, a savings bank, provides various banking products and services in stfold and the southern part of Akershus. The company was founded in 1835 and is headquartered in Moss, Norway. SPAREBANK is traded on Oslo Stock Exchange in Norway. Sparebank 1 Ostfold (SOAG) is traded on Oslo Stock Exchange in Norway and employs 216 people.

Management Performance

Sparebank 1 Ostfold 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.
Geir Haugan, Director of Business Development / Marketing
Lillian Lundberg, Deputy Chief Executive Officer, Chief Financial Officer
Arild Hansen, Chief Executive Officer
Tom Prangerd, Acting Market
Thorleif Hersleth, Director
Per Lilleng, Chairman of the Board
Tormod Melnaes, Vice Chairman of the Board
Tobias Ekstrm, Financial Controller
Ivar Christoffersen, Director of Communications
Per Skauen, Director of Segment - Retail Market
Hakon Fossvik, General Manager of EiendomsMegler 1 Ostfold Akershus AS
Elin Hagen, Director
Einar Aas, General Manager of Nekor Gaardselskap AS
Vidar Lofshus, Director
Tom Grip, Director
JanneGerd Kanebog, Director, Employee Representative
Jon Tormoen, Director of Corporate Market
Oystein Larsen, Director, Employee Representative
Magne Kristoffersen, Controller
Jorunn Ellingsen, Director of Human Resources / Business Support

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.