SpareBank 1 Sør-Norge is one of the largest savings banks in Norway, with employees and offices throughout the region. The main office is located in Stavanger.
We are part of the SpareBank 1 alliance, a nationwide cooperation between independent savings banks.
SpareBank 1 Sør-Norges' objective is to manage the bank's resources in such a manner that shareholders receive a yield in the form of dividends and a value increase which is competitive in relation to comparable investments.
Dividend policy
The financial objective of SpareBank 1 Sør-Norge's operations is to achieve earnings that yield adequate, stable returns on the bank’s equity, thereby creating value for owners through competitive returns in the form of dividends and share appreciation.
In determining the size of the annual dividend, considerations will be made toward the group's capital, including capital adequacy requirements and the group's goals and strategic plans. Unless capital requirements otherwise dictate, the goal of the board is that approximately half of the annual profit after tax is distributed.
Disclosure of acquisition or disposal of major holdings
The Securities Trading Act section 4-2 regulates disclosure requirements of major shareholdings, rights etc. for companies listed on the Oslo Stock Exchange.
The threshold for reporting the acquisition of larger share and equity certificate holdings and rights to shares/equity certificates is detailed regulated in the Securities Trading Act, which was amended in 2008. The Act applies correspondingly to reductions to or crossing of the mentioned thresholds. Any disclosure notifications for SpareBank 1 Sør-Norge in the last 12 months can be found on the reporting system of the Oslo Stock Exchange.
Contact:
Jan Kristian Byberg
Phone: +47 51 50 93 68
jan.kristian.byberg@sr-bank.no
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