Oystein Lovbakke - Totens Sparebank Director, Employee Representative

TOTG Stock  NOK 241.00  1.00  0.42%   

Director

Oystein Lovbakke is Director, Employee Representative of Totens Sparebank since 2019.
Tenure 5 years
Phone47 61 14 12 00
Webhttps://www.totenbanken.no

Totens Sparebank Management Efficiency

The company has return on total asset (ROA) of 0.0114 % which means that it generated a profit of $0.0114 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1047 %, meaning that it generated $0.1047 on every $100 dollars invested by stockholders. Totens Sparebank's management efficiency ratios could be used to measure how well Totens Sparebank manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 8.57 B in total debt. Debt can assist Totens Sparebank until it has trouble settling it off, either with new capital or with free cash flow. So, Totens Sparebank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Totens Sparebank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Totens to invest in growth at high rates of return. When we think about Totens Sparebank's use of debt, we should always consider it together with cash and equity.

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Totens Sparebank provides various banking and financial products and services in Norway. Totens Sparebank was founded in 1854 and is headquartered in Lena, Norway. TOTENS SPAREBANK operates under BanksRegional classification in Norway and is traded on Oslo Stock Exchange. It employs 88 people. Totens Sparebank (TOTG) is traded on Oslo Stock Exchange in Norway and employs 90 people.

Management Performance

Totens Sparebank Leadership Team

Elected by the shareholders, the Totens Sparebank's board of directors comprises two types of representatives: Totens Sparebank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Totens. The board's role is to monitor Totens Sparebank's management team and ensure that shareholders' interests are well served. Totens Sparebank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Totens Sparebank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Oystein Lovbakke, Director, Employee Representative
Hakon Kvam, Risk & Compliance Manager
Kjell Nyhus, Director, Employee Representative
Asmund Eidskrem, Eidsvoll Branch Manager
Steinar Nordengen, Vice Chairman of the Board
Jan Seierstad, Director, Employee Representative
Torleif Lilloy, Credit Manager
Hkon Kvam, Bank Compliance
JonMagnus Helganger, Head Investment
Jorn Wroldsen, Director
Ase Oye, Vestre Toten Branch Manager
Paul Stenberg, General Manager Bus. Devel.
Arnt Skjelstad, Ostre Toten Branch Manager
Torunn Gihleengen, Head Control
Stig Blikseth, Deputy Managing Director, Deputy Bank Manager and Bank Manager of Corporate Support
Geir Stenseth, Chairman of the Board
Ole Lund, Chairman of the Board
Anne Syljuasen, Director
Svein Lkkebakken, Head Staff
Johan Rostoen, Finance Manager
Anne Onsrud, Director
Geir Nyborg, Business Support Manager
Berit Persson, Hamar Branch Manager
Rolf Delingsrud, Chief Executive Officer
Erland Opsahl, Director
Erik Evensen, Chief Officer
Odd Fjellby, General Manager of Markets
Johnny Nyborg, Gjovik Branch Manager
Nina Dyste, Director, Employee Representative
Gunn Rusten, Director
Heidi Ekrem, Director

Totens Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Totens Sparebank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Totens Sparebank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Totens Sparebank's short interest history, or implied volatility extrapolated from Totens Sparebank options trading.

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Please note, there is a significant difference between Totens Sparebank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Totens Sparebank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Totens Sparebank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.