Brief: Sparebank 1 Nord-Norge Gets Notice Of Correction Order

Sparebank 1 Nord-Norge

23/01/2025 08:05

Jan 23 (Reuters) - Sparebank 1 Nord-Norge  NONG.OL :
    * NOTICE OF CORRECTION ORDER FROM FINANCIAL SUPERVISORY
AUTHORITY
    * REGULATOR'S PRELIMINARY ASSESSMENT IS THAT BANK HAS
HANDLED
DONATION FUNDS INCORRECTLY
    * INCORRECT HANDLING OF DONATION FUNDS REGARDS CALCULATING
OWNERSHIP RATIO USED FOR DISTRIBUTION OF RESULTS FOR 2022, 2023
    * REGULATOR ORDERS BANK TO MAKE RENEWED CALCULATION OF
OWNERSHIP
RATIO
    * DISAGREES WITH FINANCIAL SUPERVISORY AUTHORITY'S
ASSESSMENTS IN
NOTICE
    * IF FINANCIAL SUPERVISORY AUTHORITY'S INTERPRETATION IS
FOLLOWED,
OWNERSHIP RATIO WOULD NEED TO BE ADJUSTED TO 45.12% AS OF DEC.
31, 2022, 45.07% AS OF DEC. 31, 2023
    * ADJUSTMENT WOULD HAVE AFFECTED DISTRIBUTION OF DIVIDENDS
BY
TOTAL OF 54 MILLION KRONER, FOR BOTH YEARS ALTOGETHER

Source text:  ID:nObiYrvWja 
Further company coverage:  NONG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))