Brief: Sparebank 1 Ostlandet Q2 Profit After Tax Falls To NOK 350 Mln

Sparebank 1 Ostlandet

11/08/2022 08:32

Aug 11 (Reuters) - Sparebank 1 Ostlandet  SPOLS.OL :
    * SPAREBANK 1 ØSTLANDET (SPOL): STRONG VOLUME GROWTH AND
RECORD
CUSTOMER SATISFACTION
    * Q2 PROFIT AFTER TAX: NOK 350 (516) MILLION
    * Q2 NET INTEREST INCOME INCLUSIVE OF COMMISSIONS FROM
COVERED
BOND COMPANIES: NOK 728 (655) MILLION
    * Q2 IMPAIRMENT LOSSES ON LOANS AND GUARANTEES: NET REVERSAL
OF
NOK 59 MILLION (LOSS OF NOK 11 MILLION)
    * BANK EXPECTS CONTINUED GOOD DEMAND FOR CREDIT IN CORPORATE
MARKET GOING FORWARD, WHILE GROWTH IN HOUSEHOLD DEMAND FOR
MORTGAGES IS EXPECTED TO SLOW SOMEWHAT IN LINE WITH SLOWING
HOUSE PRICE INFLATION.

Source text for Eikon:  ID:nObiHcnzHa 
Further company coverage:  SPOLS.OL 

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