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SpareBank 1 Nord-Norge ( (SPXXF) ) has provided an update.
SpareBank 1 Nord-Norge has received a correction notice from the Financial Supervisory Authority regarding its accounting practices for undistributed donations. The authority asserts that these funds should be recorded as part of the gift fund, affecting the bank’s equity capital and ownership ratio. The bank disputes these findings, citing compliance with established practices and plans to respond before the given deadline.
More about SpareBank 1 Nord-Norge
YTD Price Performance: 59.51%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.15B
Learn more about SPXXF stock on TipRanks’ Stock Analysis page.
