Morrow Bank Management
Management criteria checks 3/4
Morrow Bank's CEO is Oyvind Oanes, appointed in Oct 2021, has a tenure of 3.17 years. total yearly compensation is NOK4.20M, comprised of 97.6% salary and 2.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth €338.99K. The average tenure of the management team and the board of directors is 2.9 years and 0.7 years respectively.
Key information
Oyvind Oanes
Chief executive officer
NOK 4.2m
Total compensation
| CEO salary percentage | 97.6% |
| CEO tenure | 3.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.9yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | NOK 165m |
| Jun 30 2024 | n/a | n/a | NOK 147m |
| Mar 31 2024 | n/a | n/a | NOK 138m |
| Dec 31 2023 | NOK 4m | NOK 4m | NOK 134m |
| Sep 30 2023 | n/a | n/a | NOK 13m |
| Jun 30 2023 | n/a | n/a | -NOK 4m |
| Mar 31 2023 | n/a | n/a | -NOK 9m |
| Dec 31 2022 | NOK 4m | NOK 4m | -NOK 14m |
| Sep 30 2022 | n/a | n/a | NOK 111m |
| Jun 30 2022 | n/a | n/a | -NOK 263m |
| Mar 31 2022 | n/a | n/a | -NOK 249m |
| Dec 31 2021 | NOK 1m | NOK 1m | -NOK 222m |
Compensation vs Market: Oyvind's total compensation ($USD370.74K) is below average for companies of similar size in the German market ($USD902.55K).
Compensation vs Earnings: Oyvind's compensation has been consistent with company performance over the past year.
CEO
Oyvind Oanes
3.2yrs
Tenure
NOK 4,200,000
Compensation
Mr. Oyvind Oanes serves as Chief Executive Officer at Morrow Bank ASA (formerly known as Komplett Bank ASA) since 1 October 2021. He had been Group Chief Executive Officer and Member of Management Board at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 3.2yrs | NOK 4.20m | 0.20% € 339.0k | |
| Chief Financial Officer | 2.8yrs | NOK 2.70m | 1.15% € 2.0m | |
| Chief Operating Officer | 2.9yrs | NOK 2.90m | 0.92% € 1.6m | |
| Interim Chief Technology Officer | 2.8yrs | no data | 0.081% € 139.7k | |
| Chief Credit Risk Officer | 2.9yrs | NOK 2.70m | 0.074% € 128.0k | |
| Chief Commercial Officer | no data | NOK 2.40m | no data | |
| Head of Finance & Employee Elected Board Member | 2.9yrs | NOK 6.20m | 0.26% € 439.9k |
2.9yrs
Average Tenure
Experienced Management: KBN's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Head of Finance & Employee Elected Board Member | less than a year | NOK 6.20m | 0.26% € 439.9k | |
| Independent Chairman | 6.8yrs | NOK 900.00k | no data | |
| Director | less than a year | no data | no data | |
| Independent Deputy Chairman of the Board | 10.8yrs | NOK 600.00k | 0.035% € 60.9k | |
| Independent Director | 2.7yrs | NOK 400.00k | no data | |
| Director | less than a year | no data | no data | |
| Employee Elected Deputy Board Member | less than a year | NOK 100.00k | 0.0043% € 7.5k | |
| Employee Elected Board Member | less than a year | no data | no data | |
| Employee Elected Deputy Board Member | less than a year | no data | no data |
0.7yrs
Average Tenure
65yo
Average Age
Experienced Board: KBN's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 13:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Morrow Bank ASA is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jan Gjerland | ABG Sundal Collier |
| Ulrik Zürcher | Beringer Finance AB |
| Vegard Toverud | Pareto Securities |