Sparebanken Vest ( (SPIZF) ) just unveiled an announcement.
The Norwegian Financial Supervisory Authority has advised that Sparebanken Norge, resulting from the merger of Sparebanken Sør and Sparebanken Vest, should be deemed systemically important, necessitating an additional capital requirement of 1 percentage point. This requirement is set to take effect after January 1, 2027, pending final confirmation from the Ministry of Finance expected in the second half of 2025, which could impact the bank’s operational and financial strategies.
More about Sparebanken Vest
YTD Price Performance: 14.52%
Technical Sentiment Signal: Sell
Current Market Cap: $1.43B
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