tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sparebanken Norge Designated as Systemically Important Financial Institution

Story Highlights
Sparebanken Norge Designated as Systemically Important Financial Institution

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Sparebanken Vest ( (SPIZF) ) has provided an announcement.

The Ministry of Finance in Norway has notified relevant EU/EEA authorities about the companies considered systemically important, which includes Sparebanken Norge. As a result, Sparebanken Norge must meet a 1 percent buffer requirement for systemically important financial institutions by March 31, 2027. This decision is part of the CRR/CRD framework and will be finalized within three months, impacting the company’s regulatory obligations and potentially its market positioning.

The most recent analyst rating on (SPIZF) stock is a Buy with a NOK135.00 price target. To see the full list of analyst forecasts on Sparebanken Vest stock, see the SPIZF Stock Forecast page.

More about Sparebanken Vest

Average Trading Volume: 142,474

Current Market Cap: NOK27.93B

Find detailed analytics on SPIZF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1