Tormod Melnaes - Sparebank Vice Chairman of the Board
Chairman
Tormod Melnaes is Vice Chairman of the Board of Sparebank 1 Ostfold since 2016.
| Tenure | 8 years |
| Phone | 47 91 50 57 00 |
| Web | https://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.
Similar Executives
| Found 3 records | CHAIRMAN Age | ||
| Jan Kjerpeseth | Sparebanken Vest | 52 | |
| Kjell Bjordal | Sparebank 1 SMN | 66 | |
| Bard Benum | Sparebank 1 SMN | 57 | |
Management Performance
| Return On Equity | 0.0952 | |||
| Return On Asset | 0.0147 |
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
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 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.
| Return On Equity | 0.0952 | |||
| Return On Asset | 0.0147 | |||
| Profit Margin | 0.43 % | |||
| Operating Margin | 0.55 % | |||
| Current Valuation | 2.99 B | |||
| Shares Outstanding | 12.39 M | |||
| Shares Owned By Insiders | 77.90 % | |||
| Shares Owned By Institutions | 12.20 % | |||
| Price To Earning | 10.61 X | |||
| Price To Book | 0.90 X |
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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.