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Sandnes Sparebank (SADG.OL)

SADG.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sandnes Sparebank Q4 net interest income up at NOK 113.9 million
Wednesday, 15 Feb 2017 02:23am EST 

Sandnes Sparebank : Q4 net interest income 113.9 million Norwegian crowns ($13.5 million) versus 111.9 million crowns year ago . Q4 net profit 26.3 million crowns versus loss 104.4 million crowns year ago .Proposes a dividend of 1.25 crown per equity certificate.  Full Article

Sandnes Sparebank names Trine Stangeland new CEO
Friday, 25 Nov 2016 02:11am EST 

Sandnes Sparebank : Announces Trine Stangeland new CEO as of March 1, 2017 . Stangeland joins company from Lyse Dialog AS, where she holds CEO position .Sune Svela Madland will continue as interim CEO until Stangeland takes over.  Full Article

Sandnes Sparebank Q3 pre-tax result swings to profit NOK 76.4 mln
Friday, 4 Nov 2016 03:00am EDT 

Sandnes Sparebank : Q3 net interest income 112.7 million Norwegian crowns ($13.8 million) versus 108.5 million crowns year ago . Q3 loan losses 20.2 million crowns versus 22.5 million crowns year ago .Q3 pre-tax profit 76.4 million crowns versus loss 3.0 million crowns year ago.  Full Article

Sandnes sparebank: Svein Ivar Førland resigns as CEO
Monday, 29 Aug 2016 02:15am EDT 

Sandnes Sparebank : Svein Ivar Førland resigns as CEO with effect from Aug. 29 2016 .Sune Svela Madland been appointed acting CEO from Aug. 29 and until a successor is appointed.  Full Article

Board of Oslo Børs imposes violation charge on Sandnes Sparebank
Wednesday, 24 Aug 2016 09:26am EDT 

Oslo Børs: Oslo Børs says resolved to impose a violation charge on Sandnes Sparebank of 658,400 Norwegian crowns ($80,262.34) for a breach of the duty to disclose inside information to the market .Sandnes Sparebank did not publicly disclose inside information regarding losses on customer commitments sufficiently promptly.  Full Article

Sandnes Sparebank Q2 pre-tax profit grows to NOK 106.9 million
Thursday, 11 Aug 2016 01:00am EDT 

Sandnes Sparebank : Q2 pre-tax profit 106.9 million Norwegian crowns ($12.91 million) versus 3.0 million crowns year ago . Q2 loan losses 19.9 million crowns versus 15.5 million crowns year ago . Q2 net interest income 116.4 million crowns versus 111.0 million crowns year ago .Objective of total group costs for 2016 of 290 million crowns, is maintained.  Full Article

Sandnes Sparebank announces final results of rights issue
Monday, 13 Jun 2016 05:15am EDT 

Sandnes Sparebank : Says the company's rights issue has been oversubscribed by about 18.2 pct .Will as a result of rights issue receive gross proceeds of about 350 million Norwegian crowns ($42.37 million), before deduction of transaction costs.  Full Article

Sandnes Sparebank rights issue oversubscribed
Thursday, 9 Jun 2016 02:00am EDT 

Sandnes Sparebank : Says according to preliminary results, the company's rights issue has been oversubscribed by about 18.1 pct . Had received subscriptions for a total of 18.8 million new equity certificates . Subscription price was 22.00 Norwegian crowns ($2.72) per equity certificate .Offering consisted on 15.9 million shares.  Full Article

Sandnes Sparebank proposes terms of rights issue
Thursday, 19 May 2016 03:00am EDT 

Sandnes Sparebank : Said on Wednesday resolved the terms for the proposal to the Supervisory Board to resolve the fully underwritten rights issue in Sandnes Sparebank . Proposed to reduce the statutory equity certificate capital to 71,058,110 Norwegian crowns ($8.6 million) by a transfer of 639,522,990 crowns from the statutory equity certificate capital to the premium reserve .Proposes a subscription price of 22.0 crowns per equity certificate.  Full Article

Sandnes Sparebank proposes rights issue with gross proceeds of NOK 350 million
Thursday, 21 Apr 2016 02:15am EDT 

Sandnes Sparebank:Proposes to Supervisory Board to carry out a rights issue with gross proceeds of 350 million Norwegian crowns.Proposed equity issue will increase group's CET1 ratio by 2.1 percentage point, from 12.1 pct to 14.2 pct.Equity issue will ensure that bank meets its capital requirements and has capacity for moderate and profitable growth, and a potential distribution of dividend.  Full Article

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BRIEF-Sandnes Sparebank Q4 net interest income up at NOK 113.9 million

* Q4 net interest income 113.9 million Norwegian crowns ($13.5 million) versus 111.9 million crowns year ago