Brief: Sparebank 1 SR Bank Q2 Net Profit Down At NOK 256 Mln

Sparebank 1 Sor-Norge ASA

06/08/2020 06:40

Aug 6 (Reuters) - Sparebank 1 SR Bank ASA  SRBANK.OL :
    * SPAREBANK 1 SR-BANK ASA (SRBANK): A RESULT MARKED BY GOOD
OPERATIONS BUT HIGH IMPAIRMENTS
    * H1 IMPAIRMENTS ON LOANS AND GUARANTEES TOTALLED NOK 1,391
MILLION, COMPARED WITH NOK 30 MILLION IN SAME PERIOD LAST YEAR.
    * Q2 NET INTEREST INCOME NOK 1,026 MILLION VERSUS NOK 968
MILLION
YEAR AGO
    * Q2 NET PROFIT NOK 256 MILLION VERSUS NOK 900 MILLION
    * Q2  NET COMMISSIONS AND OTHER OPERATING INCOME: NOK 344
MILLION
(NOK 384 MILLION)
    * Q2  IMPAIRMENTS ON LOANS AND FINANCIAL LIABILITIES: NOK
831
MILLION (NOK -19 MILLION)
    * GROUP’S RESULTS FOR 2020 ARE EXPECTED TO BE HEAVILY
AFFECTED BY
THE ECONOMIC SITUATION
    * THE GROUP’S RESULTS FOR 2020 ARE EXPECTED TO BE HEAVILY
AFFECTED
BY THE ECONOMIC SITUATION

Source text for Eikon:  ID:nWkrbSgskd 
Further company coverage:  SRBANK.OL 

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