1. Norway Stocks

  2. •

    Finance

  3. •

    Regional banks
Voss Veksel- og Landmandsbank ASA

Voss Veksel- og Landmandsbank ASA

OOSL:VVL
428.00
NOK
+4.00
(+0.94%)
36.48EPS
13.44P/E
1.06BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
41.02
49.08
37.11
46.38
43.55
52.6
55.61
48.04
48.04
57.47
74.74
87
89.63
84.34
Basic EPS, GAAP
12
17.86
8.84
15.07
10.7
20.23
23.35
14.98
19.53
23.6
33.04
40.98
40.22
35.87
Free Cash Flow per Basic Share
-31.54
82.42
-59.9
-190.71
-240.2
2.88
14.97
94.2
-3.19
54.19
73.27
40.87
6.28
-44.32
Dividend per Share
- -
- -
- -
3.5
4.75
3.4
7.12
- -
9.94
9.64
9.85
14.16
16.5
- -
Book Value per Share
173.06
183.3
190.36
200.77
211.01
257.82
257.08
272.07
282.01
314.74
328.58
351.97
381.33
378.94
Tangible Book Value per Share
164.63
176.98
186.14
198.66
211.01
257.82
257.08
272.07
282.01
314.74
328.58
351.97
381.33
378.94
Basic Weighted Avg Shares
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Sales/Revenue/Turnover
78
93
71
88
83
103
111
107
110
132
176
192
198
192
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
7
7
7
7
7
3
1
2
2
2
1
1
2
- -
Net Income, GAAP
23
34
17
29
20
40
47
33
45
54
78
90
89
82
Effective Tax Rate (%)
24.54
23.6
28.05
21.29
30.3
24.1
22.69
22.75
23.11
23.13
23.18
23.09
22.96
22.79
Profit Margin (%)
29.25
36.39
23.82
32.49
24.57
38.46
41.99
31.18
40.66
41.07
44.2
47.11
44.87
42.53
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
842
828
469
871
1,217
1,393
1,382
1,261
1,116
1,050
1,110
1,015
1,086
1,126
Total Equity
328
348
360
381
399
486
567
600
621
694
725
776
842
837
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
1.99
2.89
1.68
2.75
1.42
2.26
2.44
1.75
2.48
3.11
4.34
4.96
4.73
4.23
Return on Common Equity (%)
7.17
10.04
4.75
7.73
5.21
8.94
8.88
5.7
7.31
8.24
10.95
12.04
10.97
10.05

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
890
974
1,062

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
83
85
89
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9%
7.06%
8.42%
Free Cash Flow
-83.11%
-400.83%
-84.63%
Net Income, GAAP
23.88%
22.67%
-1.86%
Sales/Revenue/Turnover
11.57%
13.69%
3.03%
Total Cash Common Dividend
- -
- -
16.56%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44
48
50
49
192
2025
46
53
48
51
198
2026
44
50
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.96
10.03
10.54
9.46
40.98
2025
8.52
11.92
8.31
10.08
40.22
2026
6.96
10.69
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.06
14.16
2025
- -
- -
- -
- -
16.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Stig Gunnar Røthe
Full Time Employees
28
Sector
Finance
Industry
Regional banks
Address
Vangsgata 24 Voss HL Norway 5700
IPO Date
Apr 1, 1992
Website
vekselbanken.no
Similar Companies
ICICI Bank Limited (NSE:ICICIBANK)
State Bank of India (NSE:SBIN)
Nu Holdings Ltd. (NYSE:NU)
Sberbank (MOEX:SBER)
Akbank T.A.S. (BIST:AKBNK)
PT Bank Rakyat Indonesia (Persero) Tbk Class B (IDX:BBRI)
Business
Voss Veksel- og Landmandsbank ASA (VVL.OL), commonly known as Vekselbanken, operates as an independent Norwegian commercial bank headquartered in Voss with a branch in Eidfjord, providing comprehensive banking and insurance products to private individuals, businesses and the agricultural sector. Founded in 1843, the bank offers saving accounts; car, vehicle, home, small and construction loans; overdraft facilities; leasing services; bank guarantees; bank and payment cards; insurance products; pensions; and online and mobile banking services, primarily serving customers in Norway through its local presence and alliance with the Eika banking network for product diversity and mortgage financing via Eika Boligkreditt AS. Recent developments include quarterly reporting for the third quarter of 2025 with consolidated capital adequacy updates, interest rate adjustments such as reductions on loans and deposits in September 2025, and ongoing pillar 2 capital requirement decisions in October 2025, alongside a stable 'BBB+' long-term issuer rating affirmed in 2025 reflecting strong earnings and low risk appetite.