Richard Heiberg - SpareBank Chief Officer

SPOL Stock  NOK 150.34  1.12  0.74%   

Insider

Richard Heiberg is Chief Officer of SpareBank 1 stlandet
Age 67
Phone47 91 50 70 50
Webhttps://www.sparebank1.no/en/ostlandet/personal.ht

SpareBank 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 0.096 %, meaning that it generated $0.096 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 stlandet has accumulated 37.32 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 stlandet 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.

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SpareBank 1 stlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. SpareBank 1 stlandet was founded in 1845 and is headquartered in Hamar, Norway. SPAREBANK is traded on Oslo Stock Exchange in Norway. SpareBank 1 stlandet (SPOL) is traded on Oslo Stock Exchange in Norway and employs 1,120 people.

Management Performance

SpareBank 1 stlandet 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.
GeirEgil Bolstad, Chief Officer
Hans Wedvik, Head Banking
Kari Gisnas, Head Banking
Vidar Nordheim, Chief Officer
DagArne Hoberg, Head Devel
Richard Heiberg, Chief Officer
Liv Murud, Head Legal
Elin rbk, Chief Officer
Espen MejlnderLarsen, Head Markets
Siv Stenseth, Head Affairs

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.

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Other Information on Investing in SpareBank Stock

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.