Reply To: Sogn Sparebank (Ticker: Sogn)
Great analysis!
Really enjoyed the ” Main risks chapter”!
A comment to the part where you write:
“However, profitability has been miserable, much due naturally to the high capital reserves and small scale of the operations. And need for many physical offices because of the geography in the region with large distances.”
Do you see this changing in the future or is it still cheap considering no change in profitability?