Sparebank 1 Nord Norge operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sparebank 1 Nord Norge with three other
companies in this sector in Norway:
sales of 3.53 billion Norwegian Kroner [US$437.73 million]
of which 27%
Norwegian Finans Holding ASA
(3.16 billion Norwegian Kroner [US$392.30 million]
of which 51%
was Norway), and
(5.09 billion Norwegian Kroner [US$632.32 million]
of which 28%
was Retail Market).
During the year ended December of 2016, sales at
Sparebank 1 Nord Norge were NOK 4.07 billion (US$504.92 million).
increase of 2.7%
versus 2015, when the company's sales were NOK 3.96 billion.
Despite this increase, sales are still
below the level achieved in 2014, when Sparebank 1 Nord Norge
reported sales of NOK 4.64 billion.
Sales of Unallocated saw an increase
that was more than double the company's growth rate: sales were up
17.4% in 2016, from
NOK 149.00 million to NOK 175.00 million.
Sparebank 1 Nord Norge also saw significant increases in sales in
Retail Banking (up 9.3% to NOK 779.00 million)
Corporate (up 8.1% to NOK 493.00 million)
Leasing (up 3.7% to NOK 195.00 million)
Not all segments of Sparebank 1 Nord Norge experienced an increase in sales in 2016:
sales of Markets fell 66.7% to NOK 2.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).