Sparebank 1 Nord-norge · OSL:NONG
Sparebank 1 Nord-norge — Q2 2017 Earnings Presentation
77 slides from Sparebank 1 Nord-norge's earnings presentation, Aug 9, 2017
Slide 1: Quarterly presentation Q2 2017
Quarterly presentation Q2 2017 Tromsø/Oslo, August 9, 2017
Slide 2: Interim report for 1H 2017 – Group
Interim report for 1H 2017 – Group PRE-TAX PROFIT NOK 831 mill (NOK 768 mill) RETURN ON EQUITY 12.2 % (12.4 %). 2Q ISO: 13.0 % REDUCED COSTS - 0,5 % compared with average quarterly costs 2016 ex. restructuring costs MODERATE LOAN LOSSES NOK 88 mill (NOK 88 mill) CET-1 RATIO 15.4 % (14.2 %) 2
Slide 3: Strategic measures have been effective
Strategic measures have been effective Core business cultivated Streamlined and renewed staffing Adjustment of physical presence New digitized services and processes New models for innovation Ambitious market and sales measures for profitable growth 3
Slide 4: Good and profitable growth within core banking
Good and profitable growth within core banking Retail banking Corporate banking Lending: + 10,8 % (7,6 %)* Lending: + 5,2 % (1,8 %) Deposit: + 6.4 % (6.5 %)* Deposit: + 11.6 % (1.8 %) Sales other products: + 73 %** Sales other products: + 40 %** * 12 months growth 4 ** Increased sales vs. last year
Slide 5: Good development within subsidiaries
Good development within subsidaries Eiendomsmegler 1 Nord-Norge: Pre-tax profit NOK 10,8 mill (NOK 16,5 mill) Market leader in North Norway Strong synergies with the bank SpareBank 1 Finans Nord-Norge: Pre-tax profit NOK 51,4 mill (NOK 39,4 mill) Considerable future potential. Complementary business
Slide 6: Strong results from jointly owned companies in SpareBank 1
Strong results from jointly owned companies in SpareBank 1 Product companies: Forsikring (Insurance), Odin, Conecto, Finans, Medlemskort SpareBank 1 Gruppen As of Q2 2017: Pre-tax profit MNOK 904 (MNOK 912) Significant underlying values and high innovation rate Other joint Kredittkort, Boligkreditt,
Slide 7: Number 1 position in northern Norway
Number 1 position in northern Norway 50 BN Bank Which bank do you prefer? DNB 40 Danske Bank 34 35 34 Gjensidige 33 31 30 Handelsbanken 30 30 29 29 29 Nordea 26 26 25 23 Skandiabanken 20 SpareBank 1 Storebrand 15 13 13 13 Annen spb 12 11 11 10 10 9 9 9 Annen bank 7 7 6 Vet ikke 5 5 5 5 4 4 3 4 3 2 2
Slide 8: Strengthened position in a growth region
Strengthened position in a growth region Relatively small oil sector. Increased Higher GDP-growth compared to estimates for oil and gas resources in Norway as a whole the Barents sea. Regional house prices lower than Seafood export continues to grow the Norwegian average, but the (3.8 %). Increased
Slide 9: Broad ownership of equity certificates by management and employees
Broad ownership of equity certificates by management and employees 116.876 78.917 72.292 77.724 35.198 More than 90 % Number of EC certificates as of 31 July 2017 of all employees in The Group owns EC certificates 63.788 84.537 79.793 102.563 63.159 9
Slide 10: Solidity is built – rate of return sustained
Solidity is built – rate of return sustained Return on Return on equity / Common equity Equity Tier I % incl share of result 13,9 % 15,0 % 15,4 % 12,5 % 12,3 % 10,3 % 13,1 % 12,0 % 12,2 % 12,2 % 9,0 % 9,1 % 2012 2013 2014 2015 2016 2017 Common Equity Tier I % incl share of result Return on equity ca
Slide 11: Quarterly summary – Profit and loss account figures
Quarterly summary – Profit and loss account figures (Amounts in NOK million) 2Q17 1Q17 4Q16 3Q16 2Q16 Net interest income 437 422 434 423 401 Net fee-, commision and other operating income 248 224 234 228 249 Net income from financial investments 124 115 116 157 156 Total net income 809 761 784 808
Slide 12: Changes in P & L last quarter
Changes in P & L last quarter -1 1 0 15 9 25 (Amounts in NOK million) 440 391 1Q17 NII incl NCI excl Investment Other operating Costs Losses 2Q17 provision from provision from income income SB1 BK SB1 BK
Slide 13: Moderate losses on loans and guarantees
Moderate losses on loans and guarantees Mill kr 0,22 % 321 0,23 % 0,19 % 0,17 % 213 200 88 2014 2015 2016 30.06.17 Net losses Net losses in % of gross lending incl Boligkreditt
Slide 14: Dividend: Target and historical figures
Dividend: Target and historical figures • Targeted equal treatment of ownership groups • Limitation on dividend rate of max. 50% is removed • Dividend payout ratio of 60% for 2016 was considered to be extraordinary high • Future yields will depend on solidity and prospects for profitable growth 4,00
Slide 15: Financial targets and future outlook
Financial targets and future outlook Future prospects: • Good growth in all product areas ROE: CET-1 ratio: • Increased net interest income. Top international level 14.5 % Assuming stable capital markets, reduced borrowing costs are expected to contribute positively over the next Cost increase: <= 0
Slide 16: Contact information
Contact information: SpareBank 1 Nord-Norge P o Box 6800 N-9298 Tromsø CEO Jan-Frode Janson CFO Rolf Eigil Bygdnes Tel + 47 909 75 183 Tel +47 905 19 774 Homepage and internet bank: www.snn.no Equity capital certificates in general: www.egenkapitalbevis.no
Slide 17: Appendix
Appendix 1. About SpareBank 1 Nord-Norge 2. Main financial figures 3. Credit area 4. Liquidity 5. Macro and economic trends 6. SpareBank 1 Group and Alliance 17
Slide 18: SpareBank Nord-Norge at a glance
SpareBank 1 Nord-Norge 354 900 retail customers Established in 1836 25 336 corporate customers Sparebanken Nord-Norge since 1989 14 844 Clubs and associations Listed on Oslo Stock Exchange since 1994 Lending volume NOK 99,9 bill Financial group offering a complete SpareBank 1 Alliance since 1996 pro
Slide 19: Facts about Northern Norway
Facts about Northern Norway 34.9% of Norway’s area 3 counties, 87 municipalities • Nordland: 242 866 residents • Troms: 163 453 residents • Finnmark: 75 605 residents Key industries: Seafood, tourism, agriculture, industry, energy, oil Annual economic growth 2008-2013: Nearly one percentage point hi
Slide 20: Company structure
Company structure SpareBank 1 Nord-Norge Joint ventures Subsidiaries SpareBank 1 Gruppen AS SpareBank 1 Finans Nord-Norge AS 19,5 % | Financial services 100 % | Loan/consumer finance/leasing SpareBank 1 Boligkreditt AS Eiendomsmegler 1 Nord-Norge AS 14,45 % | Housing finance 100 % | Real estate Spar
Slide 21: Equity Certificates (EC) – holder structure
Equity Certificates (EC) – holder structure 10,3 13,8 13,8 20,3 28,6 32,0 33,0 64,1 65,6 65,5 61,1 53,2 49,1 48,1 25,5 19,0 20,6 20,7 18,6 18,2 18,9 2012 2013 2014 2015 2016 1Q17 2Q17 Holders residing in Northern Norway Other Norwegian holders Foreign holders 21
Slide 22: The 20 largest EC holders
The 20 largest EC holders Number of Share of total Equity Certificate holders Equity Certificates Equity Certificate capital PARETO AKSJE NORGE 3.119.081 3,11 % VERDIPAPIRFONDET DNB NORGE (IV) 2.821.219 2,81 % MP PENSJON PK 2.697.811 2,69 % THE NORTHERN TRUST COMP, NON-TREATY ACCOUNT 2.597.236 2,59
Slide 23: The 20 largest EC holders residing in Northern Norway
The 20 largest EC holders residing in Northern Norway Number of Share of total Equity Certificate holders Equity Certificates Equity Certificate capital SPAREBANKSTIFTELSEN SPAREBANK 1 NORD-NORGE 1.411.606 1,41 % KARL DITLEFSEN 547.543 0,55 % NORGES RÅFISKLAG 423.175 0,42 % DAHL FISKERI AS 374.883 0
Slide 24: Financial figures – additional information
Financial figures – additional information 24
Slide 25: Key figures
Key figures Cost/income ratioCost/income (Group) ratio 54,23 % Return on equity 47,19 % Return on equity / Common Equity Tier I % incl share of result 44,36 % 42,90 % 41,46 % 13,9 % 15,0 % 15,4 % 12,5 % 12,3 % 13,1 % 2013 2014 2015 2016 2017 10,3 % 12,0 % 12,2 % 12,2 % Loans in default and other pro
Slide 26: Capital adequacy ratio - Group
Capital adequacy ratio - Group CET 1 incl floor Minimum regulatory CET 1 level 15,1 % 15,0 % 15,3 % 15,4 % 31.12.17 13,8 % 14,2 % 13,5 % 1,5 % Lower limit Pillar 2 2,5 % Capital conservation buffer 2,0 % Counter cyclical buffer 3,0 % Systemic risk buffer 4,5 % 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 26
Slide 27: Profit and loss account - Group
Profit and loss account - Group (Amounts i n NOK mi l l i on) 30.06.17 30.06.16 31.12.16 Net interest income 859 787 1 644 Net fee-, commision and other operating income 472 462 924 Net income from financial investments 239 236 509 Total net income 1 570 1 485 3 077 Total costs 651 629 1 320 Result
Slide 28: Net interest income - Group
Net interest income - Group NOK mill 494 474 469 465 448 57 434 40 42 47 47 48 423 434 422 437 386 401 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Net interest income Commissions from Boligkreditt 28
Slide 29: Quarterly results – net interest income
Quarterly results – net interest income (Amounts i n NOK mi l l i on) 2Q17 1Q17 4Q16 3Q16 2Q16 Interest and similar income from loans to and claims on credit institutions 2 2 -2 4 2 Interest and similar income from loans to and claims on customers 602 600 616 593 584 Interest and similar income from
Slide 30: Changes in net interest income
Changes in net interest income 12 4 -8 6 0 17 -6 Mill NOK 494 469 NII 1Q17 Deposits margin Deposits margin Lending margin Lending margin Volume Days Other NII 2Q17 corporate retail corporate retail Including commisions from Boligkreditt. Measured against average funding cost
Slide 31: Profitable lending growth
Profitable lending growth Retail incl. SpareBank 1 Boligkreditt 27 % Retail incl. SpareBank 1 Boligkreditt 72 822 Business/ 65 731 73 % Public 61 760 10,8 % 6,4 % 30.06.15 30.06.16 30.06.17 Retail excl. Business/public market 37 % SpareBank 1 Boligkreditt 63 % 27 114 Business/ Public 25 316 25 766 1
Slide 32: …and good growth in deposits
…and good growth in deposits Business Retail banking market 32 952 30 984 29 101 6,5 % 6,4 % 16 107 14 177 1,8 % 14 428 11,6 % 30.06.15 30.06.16 30.06.17 30.06.15 30.06.16 30.06.17 Public Business 27,5 % 10 254 9 575 6 968 47,2 % -6,6 % Retail 56,2 % Public 16,3 % 30.06.15 30.06.16 30.06.17
Slide 33: Lending margin, Parent bank
Lending margin, Parent bank The interest margin is defined as the difference between the customer lending interest rate and average 3 month NIBOR
Slide 34: Deposit margin, parent bank
Deposit margin, parent bank The interest margin is defined as the difference between average 3 month NIBOR and the customer deposit interest rate
Slide 35: Net fee-, commission- and other operating income
Net fee-, commission- and other operating income (excl. income from loans transferred to Boligkreditt) NOK mill 202 194 192 186 177 165 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17
Slide 36: Net fee- and other operating income
Net fee- and other operating income 2Q17 1Q17 4Q16 3Q16 2Q16 (Amounts i n NOK mi l l i on) Payment facilities 64 63 63 76 63 Insurance products 42 41 44 37 37 Guarantee commissions 4 4 4 5 5 Real estate broking 34 26 33 35 39 Portefolio commission 12 14 13 12 11 Other commissions 22 16 16 21 24 Comm
Slide 37: Income from financial investments
Income from financial investments (Amounts in NOK million) 2Q17 1Q17 4Q16 3Q16 Dividends 4 0 1 0 Income from joint ventures 78 65 76 94 Gains/losses and net value changes on shares 38 13 14 20 Net value changes on bonds, foreign exchange and fin.derivatives 4 35 26 46 Gains/losses and net value chan
Slide 38: Group operating costs
Group operating costs NOK mill. Total costs 375 318 326 325 311 316 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17
Slide 39: Group operating costs
Group operating costs (Amounts i n NOK mi l l i on) 30.06.17 30.06.16 Change Wages and salaries 259 265 -6 Pension costs 26 17 9 Social costs 56 42 14 Total personnel costs 341 324 17 Administration costs 192 191 1 Total personnel- and general administration costs 533 515 18 Depreciation and write-d
Slide 40: Operating expenses
Operating expenses (Amounts in NOK million) 2Q17 1Q17 4Q16 3Q16 2Q16 Wages and salaries 127 133 136 139 133 Pension costs 14 12 24 12 10 Social costs 28 27 35 19 19 Total personnel costs 169 172 195 170 161 Development costs 31 32 25 31 31 Electronic data processing costs 19 19 18 19 19 Marketing co
Slide 41: Core banking operations
Core banking operations- (excl. income from financial investments) Group (Amounts i n NOK mi l l i on) 2Q17 1Q17 4Q16 3Q16 2Q16 Net interest income 437 422 434 423 401 Net fee- and commission income 215 190 191 206 204 Other operating income 33 34 43 22 45 Total costs excl restructuring and financia
Slide 42: Group companies result before tax
Group companies result before tax (Amounts i n NOK 1000) 30.06.17 30.06.16 SpareBank 1 Finans Nord-Norge AS 51 412 39 369 SpareBank 1 Regnskapshuset Nord-Norge AS 13 443 9 834 EiendomsMegler 1 Nord-Norge AS 10 819 16 502 SpareBank 1 Nord-Norge Forvaltning ASA 1 656 1 270 Subsidiaries core operations
Slide 43: Key figures balance sheet
Key figures balance sheet (Amounts in NOK million) 30.06.17 30.06.16 Change Change % Total assets 95 822 92 038 3 784 4,1% Gross lending 73 471 67 861 5 610 8,3% Loans and advances to 99 936 91 497 8 439 9,2% customers incl SpareBank 1 Deposits from customers 58 634 55 666 2 968 5,3%
Slide 44: Credit area
44 Credit area SpareBank NORD-NORGE
Slide 45: Lending portfolio - comments
Lending portfolio - comments o Good growth in retail lending, with focus on commitments qualifying for SpareBank 1 Boligkreditt (covered bond company) o Moderate growth in corporate market lending last 12 months o The portfolio and new commitments in corporate sector lending are diversified o Unchan
Slide 46: Distribution on segments shows good diversification
Distribution on segments shows good diversification Loan portfolio including Boligkreditt SpareBank 1 Transportation 4 % Real Boligkreditt 27 % estate 9 % Fishing and aquaculture 4 % Manufacturing 2 % Annet 18 % Power and water supply and construction 2 % Service industries 2 % Retail banking market
Slide 47: Portfolio - exposure as of 30.06.17, parent bank
Portfolio - exposure as of 30.06.17, parent bank 50.000 44.298 45.000 40.000 35.000 30.000 27.586 NOK mill 25.000 23.451 20.000 15.000 10.000 8.363 5.000 1.158 1.850 570 141 423 0 Næringskreditt Boligkreditt Low risk Medium risk High risk Default/impaired 47 Retail market Corporate market SB1 Boligk
Slide 48: Portfolio – changes last 12 months, parent bank
Portfolio – changes last 12 months, parent bank 4.500 4.254 4.000 3.500 3.000 2.500 NOK mill 2.000 1.613 1.500 1.216 1.000 477 500 8 0 Næringskreditt Boligkreditt Low risk Medium risk High risk Default/impaired -140 -174 -165 -77 -500 SB1 Boligkreditt Retail market Corporate market SB1 Næringskredit
Slide 49: Portfolio - exposure distributed by size
Portfolio - exposure distributed by size Loans distributed by size of exposure and share of total exposure Share of loanexposure Jun 2017 Share of loanexposure Jun 2016 80,2 % 78,4 % 10,3 % 10,6 % 4,6 % 6,3 % 4,9 % 4,7 % Below 10 mnok 10 - 100 mnok 100 - 250 mnok Above 250 mnok Numbers include SB 1
Slide 50: Portfolio – LTV mortgage loans
Portfolio – LTV mortgage loans 100,0 % 92,7 % 92,0 % • 97.5 % of exposures are 90,0 % within 85 % of the 80,0 % collaterals market value 70,0 % 60,0 % 50,0 % • Exposures above 85 % are 40,0 % 2.5 % 30,0 % 20,0 % 10,0 % 4,8 % 5,1 % 1,2 % 1,4 % 1,3 % 1,5 % 0,0 % Below 70 % 70 - 85% 85 - 100 % Above 10
Slide 51: Loan approvals – mortgage regulation
Loan approvals – mortgage regulation • Within the mortgage 15,0 % regulation limit of 10 % for 13,0 % Norway excl. Oslo and 8 % for Oslo 11,0 % 9,3 % 9,2 % 9,0 % 8,1 % • New regulations from 6,8 % 7,3 % 7,0 % 01.01.2017 has resulted in a tightening of the loan 5,0 % approval process 3,0 % 1,0 % -1,0
Slide 52: Portfolio – Commercial Real Estate
Portfolio – Commercial Real Estate Housing Ass.; 4,6 % Above 250 MNOK; 10,6 % 0 - 5 MNOK; Others (small Residential 15,0 % commitments); Development / 27,6 % Investment; 14,6 % 100 - 250 MNOK; 13,0 % Shops / shopping centres; 14,4 % Combination- buildings; 9,9 % 5 - 30 MNOK; 31,4 % Hotels; 6,3 % Ind
Slide 53: Portfolio – Oil related exposure
Portfolio – Oil related exposure • Oil related exposure amounts to NOK 1,366 Other; 3,6 % Supply base; mill Industry; 9,8 % 25,6 % • The exposure represents 1.4 % of total lending incl. Næring- and Boligkreditt • Average weighted probability of default 1.38 % • A total of NOK 80.3 mill are non-perfo
Slide 54: Portfolio – Offshore Supply Vessels (OSV)
Portfolio – Offshore Supply Vessels (OSV) AHTS; 5,5 % • OSV amounts to NOK 834 mill • Average weighted probability of default 1.08 % Standby/area contingency; 42,6 % • Total amount of 8 vessels* • Weighted age 6.9 years* • Average weighted contract length 5.5 years* incl. one vessel laid up PSV; 51,
Slide 55: Portfolio – Supply bases
Portfolio – Supply bases • Supply base exposure amounts to NOK 350 Other; 3,6 % Supply base; mill Industry; 9,8 % 25,6 % • Average weighted probability of default 2.03 % • Customers with long term contracts with solid and strong partners bring about good cash flows in the short and long term Offshor
Slide 56: Portfolio – Industry and Other
Portfolio – Industry and Other • The sector “Industry and Other” amounts Other; 3,6 % Supply base; to NOK 183 mill, divided into Industry NOK Industry; 9,8 % 25,6 % 134 mill and Other NOK 49 mill • Average weighted probability of default: Industry 1.37 % and Other 3.66 % • A total of NOK 80.3 mill n
Slide 57: Loan losses: The Group's write-downs
Loan losses: The Group's write-downs Write-downs 1st half 1st half 2nd quarter 2016 2017 2016 2017 Individual write-downs Retail market -1 2 0 4 Corporate market 20 13 5 32 SpareBank 1 Finans Nord-Norge 24 34 24 53 Other group units - - 0 0 Total individual write-downs 43 48 29 89 Collective write d
Slide 58: Liquidity
58 Liquidity SpareBank NORD-NORGE
Slide 59: Funding instruments 30.06.2017
Funding instruments 30.06.2017 T1 HYBRID, NOK 3 % OTHER LIABILITIES, NOK 0% SUB. LOAN CAPITAL, NOK NOK BONDS 4% 58 % SEK BONDS 4% USD BONDS 2% CHF BONDS 10 % EUR BONDS 19 % 59
Slide 60: Maturity profile 30.06.2017
Maturity profile 30.06.2017 Capital markets funding (excl. SPABOL) • Good diversification in terms of maturities 4.500 4.000 • NOK 22 676 mill in capital market funding exclusive of 3.500 SB1 Boligkreditt 3.000 2.500 • SpareBank 1 Boligkreditt is an Mill NOK 2.000 important funding source. Mortgage
Slide 61: Liquidity portfolio as of 30.06.2017
Liquidity portfolio as of 30.06.2017 61
Slide 62: Macro and Economic trends
62 Macro and Economic trends SpareBank NORD-NORGE
Slide 63: Stable, low unemployment
Stable, low unemployment 63 Source: NAV, «Hovedtall for arbeidsmarkedet»
Slide 64: Seafood – export growth
Seafood – export growth • Cpntinued growth in seafood export value from northern Norway first half of 2017 – 3.8 % growth vs. same period in 2016. • Salmon contribute for around 70 % of total seafood export. Higher prices, however, less volume. • God development for white fish, both prices and volum
Slide 65: Tourism – growth in overnight stays
Tourism – growth in overnight stays • Total number of overnight stays is increasing, and Northern Norway take a larger part of the total overnight stays in Norway. • Firm growth in foreign overnight stays, and strong contribution from winter tourism. Growth has been especially strong in Troms county
Slide 66: Oil and gas – new fields increase activity
Oil and gas – new fields increase activity • Four fields in production: Norne, Snøhvit, Skarv and Goliat Demand from oil companies ‒ First oilfield open in the Barents Sea. Repurchases will further • Aasta Hansteen og Polarled increase the total demand ‒ Polarled – pipeline completed in 2015 ‒ Produ
Slide 67: Activity in construction is solid, but growth is lower
The activity in construction is solid, but growth is lower. Higher backlog 67 Source: Statistics Norway, «Omsetning i bygge- og anleggsvirksomhet og Ordreindeks for bygge- og anleggsvirksomhet»
Slide 68: Higher retail sales growth in northern Norway
Higher retail sales growth in northern Norway Kilde: SSB, retail sales 68
Slide 69: Regional house prices lower than Norwegian average
Regional house prices are lower than the Norwegian average, but growth is higher 69 Source: Eiendom Norge, Finn.no and Eiendomsverdi AS, «Boligprisstatistikk»
Slide 70: Credit growth corporates
70 Credit growth corporates % Credit growth corporates. 12 mth growth 5,2% 3% 2014Q2 201404 2015Q2 201504 2016K2 2016K4 2017K2 ——=SNN, Corporate clients —— Norway, Corporates SpareBank NORD-NORGE O
Slide 71: Credit growth households
71 Credit growth households % Credit growth households. 12 mth growth 10,8 % 6,7 % 2014Q2 201404 2015Q2 201504 ——SNN, Retail clients 2016K2 2016K4 2017K2 —— Norway, Households SpareBank NORD-NORGE O
Slide 72: Deposit growth corporates
Deposit growth corporates 72
Slide 73: Deposit growth households
Deposit growth households 73
Slide 74: SpareBank 1 Group and Alliance
SpareBank 1 Group and Alliance 74
Slide 75: The idea behind the SpareBank 1 Alliance
The idea behind the SpareBank 1 Alliance The banks in the alliance want to: Achieve Share Achieve Retain their own Still be able to exploit critical level development economies name and continue each bank’s proximity to of costs of scale as independent their local market competence legal entities 75
Slide 76: The SpareBank 1 Alliance
The SpareBank 1 Alliance SAM-SPAR SpareBank 1 Mobilbetaling AS SpareBank 1 Gruppen AS (SB1G) Banksamarbeidet DA (BS) (mCASH) SpareBank 1 Forsikring AS EiendomsMegler 1 SpareBank 1 Kredittkort AS (Life insurance) Norge AS (Credit card) SpareBank 1 Skadeforsikring AS SpareBank 1 SpareBank 1 Boligkredi
Slide 77: A solid first half of 2017 for SpareBank 1 Gruppen
A solid first half of 2017 for SpareBank 1 Gruppen Pre-tax operating profit as per 30.06 (MNOK) • Profitable growth in most companies and business areas. • Pre-tax operating profit of MNOK 322 (320) in SpareBank 1 Forsikring (life insurance company). 1009 Further growth in the pension area. 845 912
SpareBank 1 Nord-Norge — Q2 2017 Earnings Presentation on 6ix