Frank Johannesen - Sparebanken Vest Executive Vice President

SPIZFDelisted Stock  USD 9.23  0.00  0.00%   

President

Mr. Frank Johannesen was Director Risk Management at Sparebanken Vest since December 21 2015. Prior to that he was Executive Vice President at SPAREBANKEN VEST from November 27 2013 until December 21 2015. He was previously Member of the Management Board of the Company until 2003. He was with the bank since 1985. Has a very wideranging banking background and has held various management positions in the bank. He was Director of Risk Management in Sparebanken Vest since 2002. Has a law degree from the University of Bergen as well as an Executive MBA in Strategic Management from the Norwegian School of Economics . He has also completed the AFF Solstrand leadership program. since 2015.
Age 64
Tenure 9 years
Professional MarksMBA
Phone47 91 50 55 55
Webhttps://www.spv.no

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 112.62 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.

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Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway. The company was founded in 1823 and is headquartered in Bergen, Norway. Sparebanken Vest is traded on OTC Exchange in the United States. Sparebanken Vest [SPIZF] is a Pink Sheet which is traded between brokers as part of OTC trading.

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 Corporate Communication
Frank Johannesen, Executive Vice President
Jan Kjerpeseth, Managing Director
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 pink sheet 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 Consideration for investing in Sparebanken Pink Sheet

If you are still planning to invest in Sparebanken Vest check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sparebanken Vest's history and understand the potential risks before investing.
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