Voss Veksel- og Landmandsbank Logo

Voss Veksel- og Landmandsbank

ISIN: NO0003025009 | Ticker: VVL | LEI: 5967007LIEEXZX4N9429
Sector: FinancialsSub-Industry: Regional Banks
Country: Norway

About Voss Veksel- og Landmandsbank

Company Description

Voss Veksel- og Landmandsbank or Vekselbanken is a Norwegian commercial bank located in Voss, Hordaland. It is the only remaining independent commercial bank that had not merged into DnB NOR, Nordea, Fokus Bank or a sparebank. The bank is listed on the Oslo Stock Exchange and was founded in 1899 to provide services to the labourers working on building the Bergensbanen Railway that went through Voss.

The Company is engaged in the provision of banking products and services to local customers through its two branches located in Voss, western Norway. Its services include checking accounts, savings accounts, long-term investments, high interest investment savings accounts (ISAs), payment mediation services, credit cards, loans and an online banking service.

Year founded


Served area



Postboks 10, 5701 Voss – Norway

Financial statements

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Line item in (nok) 01.01.2021 01.01.2022 01.01.2023
Assets N/A 5,747,159,000.00 5,860,553,000.00
Property Plant And Equipment N/A 17,663,000.00 17,006,000.00
Cash and cash equivalents 350,395,000.00 213,415,000.00 225,826,000.00
Cash N/A 80,377,000.00 76,809,000.00
Equity And Liabilities N/A 5,747,159,000.00 5,860,553,000.00
Equity 599,559,000.00 621,464,000.00 693,698,000.00
Issued Capital N/A 11,103,000.00 11,103,000.00
Share Premium N/A 46,995,000.00 46,995,000.00
Treasury Shares N/A 84,000.00 84,000.00
Noncontrolling Interests N/A 0.00 93,000.00
Liabilities N/A 5,125,694,000.00 5,166,855,000.00
Line item in (nok) 01.01.2021/
Other Income 17,598,000.00 22,630,000.00
Employee Benefits Expense 22,757,000.00 24,245,000.00
Other Expense By Nature 26,927,000.00 33,957,000.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 224,000.00 1,731,000.00
Profit Loss Before Tax 58,004,000.00 70,505,000.00
Income Tax Expense Continuing Operations 13,403,000.00 16,310,000.00
Profit (loss) 44,601,000.00 54,195,000.00
Profit Loss Attributable To Owners Of Parent 43,040,000.00 52,012,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 -51,000.00
Line item in (nok) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 44,601,000.00 54,195,000.00
Adjustments For Provisions N/A 13,282,000.00 15,251,000.00
Adjustments For Fair Value Gains Losses N/A 0.00 568,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 13,875,000.00 15,381,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities N/A -41,168,000.00 -61,884,000.00
Cash Flows From Used In Operating Activities N/A -7,291,000.00 124,640,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 0.00 871,000.00
Dividends Received Classified As Investing Activities N/A 1,720,000.00 4,571,000.00
Cash Flows From Used In Investing Activities N/A 4,378,000.00 -30,120,000.00
Proceeds From Issuing Shares N/A 0.00 0.00
Dividends Paid Classified As Financing Activities N/A 22,698,000.00 22,147,000.00
Cash Flows From Used In Financing Activities N/A -134,067,000.00 -82,108,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A -136,980,000.00 12,412,000.00
Cash and cash equivalents 350,395,000.00 213,415,000.00 225,826,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Industry Group





Regional Banks

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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