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SPOL Sparebank 1 Ostlandet News Story

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Brief: SpareBank 1 Østlandet Reports Q4 Profit After Tax At NOK 889 Million

Feb 13 (Reuters) - Sparebank 1 Ostlandet SPOLS.OL:

Q4 PROFIT AFTER TAX: NOK 889 (701) MILLION

Q4 NET LOAN LOSS PROVISIONS WERE NOK 128 (122) MILLION

Q4 NET INTEREST INCOME: NOK 1,186 (1,179) MILLION

PROPOSES TO SUPERVISORY BOARD CUSTOMER DIVIDEND OF NOK 582 (470) MILLION AND ALLOCATION OF NOK 51 (42) MILLION TO GIFTS

EXPECTS THAT GROUP'S COSTS IN 2027 WILL NOT EXCEED COSTS OF 2025,AGAIN EXCLUDING MERGER COSTS.

TARGET OF A LONG-TERM COST RATIOBELOW 40 PERCENT FOR GROUP, EXCLUDING MERGER COSTS

BANK AIMS TO REDUCE STAFFING LEVELS BY 70 FROM TODAY'S LEVEL, NO LATER THAN DURING 2027

Source text: [source]

Further company coverage: SPOLS.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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