ThorHenning Brathen - Sparebanken Ost Director Fin

SPOG Stock  NOK 67.00  0.24  0.36%   

Director

Mr. ThorHenning Brathen was appointed Chief Financial Officer of Sparebanken Ost, effective as of August 2017. He joins the Company from the position of Senior Manager at Ernst Young AS, where has worked since 2005. He holds a degree in Economics and Business Administration from Handelshoyskolen BI and is Chartered Accountant. since 2017.
Age 42
Tenure 7 years
Phone47 33 51 38 55
Webhttps://www.oest.no

Sparebanken Ost Management Efficiency

Sparebanken Ost's management efficiency ratios could be used to measure how well Sparebanken Ost manages its routine affairs as well as how well it operates its assets and liabilities.
Sparebanken Ost has accumulated 25.13 B in total debt. Debt can assist Sparebanken Ost until it has trouble settling it off, either with new capital or with free cash flow. So, Sparebanken Ost'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 Ost 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 Ost's use of debt, we should always consider it together with cash and equity.

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Sparebanken st operates as a savings bank in Eastern Norway. The company was founded in 1843 and is headquartered in Drammen, Norway. SPAREBANKEN OST is traded on Oslo Stock Exchange in Norway. Sparebanken Ost (SPOG) is traded on Oslo Stock Exchange in Norway and employs 28 people.

Management Performance

Sparebanken Ost Leadership Team

Elected by the shareholders, the Sparebanken Ost's board of directors comprises two types of representatives: Sparebanken Ost 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 Ost's management team and ensure that shareholders' interests are well served. Sparebanken Ost'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 Ost's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kirsten stbyDeglum, Director Legal
Frode Lindbeck, Chief Trustee
ThorHenning Brathen, Director Fin
Ole Sivertsen, Director Sales
Pal Strand, CEO and Managing Director
Arne Stokke, Director
Kristoffer Volden, Chief Office
Kjell Engen, Deputy CEO of Fin. and Internal Operations
Arnljot Lien, Information Technology Manager and Head of Business Support
Kjartan Reve, Customer Director

Sparebanken 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 Sparebanken Ost 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 Sparebanken Stock

Sparebanken Ost financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Ost security.