The latest update is out from SpareBank 1 Nord-Norge ( (SPXXF) ).
SpareBank 1 Nord-Norge has been directed by the Financial Supervisory Authority of Norway to correct its accounting practices regarding unpaid donations, which may impact the bank’s equity capital and dividend distribution. The bank plans to appeal the decision, but if upheld, it will adjust its ownership ratio and dividend allocations for 2022 and 2023, potentially affecting stakeholders with a NOK 62 million impact.
More about SpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge operates in the financial services industry, providing banking solutions primarily in Northern Norway. The company focuses on offering a range of financial products and services including loans, savings, and investment opportunities to individuals and businesses in the region.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.18B
For an in-depth examination of SPXXF stock, go to TipRanks’ Stock Analysis page.