Brief: Sparebank 1 Ostfold Akershus Q1 net income up at NOK 73.5 mln

Sparebank 1 Ostfold Akershus

06/05/2015 10:11

May 6 (Reuters) - Sparebank 1 Ostfold Akershus  SOAG.OL : 
    * Q1 net income 73.5 million Norwegian crowns ($9.77 million) versus 33.8 million crowns 
year ago 
    * Q1 loan losses 3.2 million crowns versus 17.6 million crowns year ago 
    * Q1 net interest income 76.1 million crowns versus 70.3 million crowns year ago 
    * New office and staffing structure as well as other internal measures should result in a 
reduction in annual operating costs of 40 million crowns by the end of 2016 
 
 
     
    Source text for Eikon:  ID:nObirmg0za  
 
    Further company coverage:  SOAG.OL  
 
($1 = 7.5198 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))