Today, the Board of Directors of SpareBank 1 Østlandet decided to exercise its
authorisation from the Supervisory Board to pay out the remaining dividends for
the financial year 2020. The decision was made in light of the Financial
Institutions Act § 10-6, section 1, and recent signals from national supervisory
authorities. In the Board's assessment, payment of remaining dividends is
prudent based on its assessment of macroeconomic developments and the Bank's
On 7 April, the Bank paid out total dividends of NOK 203 million to the equity
capital certificate holders, corresponding to NOK 1.75 per equity capital
certificate. Today, the Board of SpareBank 1 Østlandet approved a further payout
of NOK 352 million, corresponding to NOK 3.04 per equity capital certificate, in
accordance with the Supervisory Board's allocation of the profit for 2020. The
Bank refers to a separate company announcement regarding key information about
the cash dividend for equity capital certificate holders.
The Board also approved payout of up to NOK 231 million in customer dividends.
The customer dividends will be paid out to customers' accounts on about 19
November based on their level of borrowing and deposits in the Bank during 2020.
Richard Heiberg, CEO, tel.: +47 902 06 018
Geir-Egil Bolstad, tel.: +47 918 82 071
Bjørn-Erik R. Orskaug, Head of Investor Relations, tel.: +47 922 39 185
This information is subject of the disclosure requirements acc. to section 5-12
of the Norwegian Securities Trading Act.