Per Schiong - Pareto Bank Director of Credit and Legal

PARB Stock  NOK 64.60  0.90  1.37%   

Director

Mr. Per Oyvind Schiong serves as Director of Credit and Legal at Pareto Bank ASA. He has a M.Sc. in Law from the University of Oslo. He has worked as a business lawyer for many years among others with Wiersholm. Later, he was head of legal at Finansbanken ASA and Storebrand Bank ASA. Schiong has broad experience from banking and was employed at Pareto Bank since 2008.
Phone47 24 02 81 20
Webhttps://www.paretobank.no

Pareto Bank Management Efficiency

The company has return on total asset (ROA) of 0.0243 % which means that it generated a profit of $0.0243 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.128 %, meaning that it generated $0.128 on every $100 dollars invested by stockholders. Pareto Bank's management efficiency ratios could be used to measure how well Pareto Bank manages its routine affairs as well as how well it operates its assets and liabilities.
Pareto Bank ASA has accumulated 6.31 B in total debt. Debt can assist Pareto Bank until it has trouble settling it off, either with new capital or with free cash flow. So, Pareto Bank'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 Pareto Bank ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pareto to invest in growth at high rates of return. When we think about Pareto Bank's use of debt, we should always consider it together with cash and equity.

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Pareto Bank ASA provides various financial products and services in Norway. The company was incorporated in 2007 and is based in Oslo, Norway. PARETO BANK operates under Financial Services classification in Norway and is traded on Oslo Stock Exchange. Pareto Bank ASA (PARB) is traded on Oslo Stock Exchange in Norway and employs 57 people.

Management Performance

Pareto Bank ASA Management Team

Elected by the shareholders, the Pareto Bank's board of directors comprises two types of representatives: Pareto Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pareto. The board's role is to monitor Pareto Bank's management team and ensure that shareholders' interests are well served. Pareto Bank'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, Pareto Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erling Mork, CFO Accounting
Per Schiong, Director of Credit and Legal
Tiril Villum, Chief Officer

Pareto Stock Performance Indicators

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Other Information on Investing in Pareto Stock

Pareto Bank financial ratios help investors to determine whether Pareto 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 Pareto with respect to the benefits of owning Pareto Bank security.