Voss Veksel- og Landmandsbank
ISIN: NO0003025009 | Ticker: VVL | LEI: 5967007LIEEXZX4N9429
Country: Norway
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.
1899
Served areaNorway
HeadquartersPostboks 10, 5701 Voss – Norway
| 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/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|
| 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.
NO0003025009
LEI5967007LIEEXZX4N9429
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