Sparebanken Vest operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sparebanken Vest with three other
companies in this sector in Norway:
Sparebank 1 Nord Norge
sales of 4.24 billion Norwegian Kroner [US$501.55 million]
of which 21%
was Retail Banking),
Norwegian Finans Holding ASA
(4.58 billion Norwegian Kroner [US$541.78 million]
of which 43%
was Norway), and
SpareBank 1 SMN
(6.32 billion Norwegian Kroner [US$747.59 million]
of which 16%
During the year ended December of 2017, sales at
Sparebanken Vest were NOK 5.10 billion (US$603.75 million).
a very small
increase of 0.2%
versus 2016, when the company's sales were NOK 5.09 billion.
Despite this increase, sales are still
below the level achieved in 2015, when Sparebanken Vest
reported sales of NOK 5.26 billion.
The sales level in 2017 was fairly close to the level five years ago: in 2012, Sparebanken Vest had sales
of NOK 5.64 billion.
Sales of Retail Market saw an increase
that was more than double the company's growth rate: sales were up
13.6% in 2017, from
NOK 1.45 billion to NOK 1.64 billion.
Sparebanken Vest also saw significant increases in sales in
Corporate Market (up 3.3% to NOK 871.00 million)
Not all segments of Sparebanken Vest experienced an increase in sales in 2017:
sales of Treasury fell 53.7% to NOK 50.00 million.
(However, this segment's sales were only a very small portion of the company's overall sales).