Jon Solum - Grong Sparebank CEO GM

GRONG Stock  NOK 149.98  0.02  0.01%   

CEO

Jon Solum is CEO GM of Grong Sparebank
Age 57
Phone47 74 31 28 60
Webhttps://www.grong-sparebank.no

Grong Sparebank Management Efficiency

The company has return on total asset (ROA) of 0.0167 % which means that it generated a profit of $0.0167 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1373 %, meaning that it generated $0.1373 on every $100 dollars invested by stockholders. Grong Sparebank's management efficiency ratios could be used to measure how well Grong Sparebank manages its routine affairs as well as how well it operates its assets and liabilities.
Grong Sparebank has accumulated 1.42 B in total debt. Debt can assist Grong Sparebank until it has trouble settling it off, either with new capital or with free cash flow. So, Grong 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 Grong Sparebank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Grong to invest in growth at high rates of return. When we think about Grong Sparebank's use of debt, we should always consider it together with cash and equity.

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Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. Grong Sparebank was founded in 1862 and is based in Grong, Norway. GRONG SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 58 people. Grong Sparebank (GRONG) is traded on Oslo Stock Exchange in Norway and employs 63 people.

Management Performance

Grong Sparebank Leadership Team

Elected by the shareholders, the Grong Sparebank's board of directors comprises two types of representatives: Grong Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grong. The board's role is to monitor Grong Sparebank's management team and ensure that shareholders' interests are well served. Grong 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, Grong Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Johan Trapnes, Chief Officer
Torgeir Hanssen, Head Namsos
Ann Klinkenberg, Head Digital
Kjerstin Skistad, Sustainability Mang
Jon Solum, CEO GM
Fredrik Hagen, Head Mosjen
Odd Myrvold, Mang Banking
Karhild Berg, Bank Market

Grong 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 Grong 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.

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Other Information on Investing in Grong Stock

Grong Sparebank financial ratios help investors to determine whether Grong 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 Grong with respect to the benefits of owning Grong Sparebank security.