Brief: Sparebank 1 SR Bank Q2 Profit Before Tax Rises To NOK 1,472 Million

Sparebank 1 Sor-Norge ASA

08/08/2024 06:11

Aug 8 (Reuters) - Sparebank 1 SR Bank ASA  SRBNK.OL :
    * PROFIT BEFORE TAX OF NOK 1,472 MILLION FOR Q2 OF 2024
    * Q2 RETURN ON EQUITY AFTER TAX WAS 14.6%
    * CONTINUED TO SEE STRONG LENDING GROWTH, WITH TOTAL LENDING
GROWTH IN Q2 OF 2.3%
    * OPERATING COSTS AMOUNTED TO NOK 844 MILLION IN Q2,
COMPARED WITH
NOK 27 MILLION IN SAME PERIOD LAST YEAR
    * Q2 NET INTEREST INCOME: NOK 1,726 MILLION (NOK 1,424
MILLION)
    * GROUP’S COMMON EQUITY TIER 1 CAPITAL RATIO TARGET  IS AT
LEAST
16.40% AS AT 30.6.2024
    * COMMON EQUITY TIER 1 CAPITAL RATIO TARGET WILL INCREASE TO
17.40% IN THE THIRD QUARTER AND 17.57% IN  THE FOURTH QUARTER

Source text for Eikon:  ID:nObid8jGTa 
Further company coverage:  SRBNK.OL 

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