SUPERVISORY BOARD’S STATEMENT

Annual reports

TO THE ANNUAL SHAREHOLDERS’ MEETING OF KOMMUNALBANKEN AS

In accordance with §15 in Kommunalbanken’s Articles of Association, the annual accounts for 2017 have been examined by the Supervisory Board.

The Supervisory Board recommends that the General Meeting approve the Board of Directors’ proposals for the income statement and the statement of financial position, as well its proposal for the allocation of profit of NOK 1 429 103 015, of which NOK 443 000 000 is to be paid as a dividend to KBN’s owner and NOK 986 103 015 is to be transferred to other equity.

Oslo, 11 April 2018
Supervisory Board for Kommunalbanken AS

 

Berit Flåmo
Chair

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