Brief: SRBNK Q4 Net Profit Rises To NOK 608 Million

Sparebank 1 Sor-Norge ASA

11/02/2021 06:51

Feb 11 (Reuters) - Sparebank 1 SR Bank ASA  SRBANK.OL :
    * SRBNK: A STRONGER QUARTERLY RESULT WITH HIGHER INCOME AND
LOWER
IMPAIRMENT LOSSES
    * Q4 NET PROFIT NOK 608 MILLION VERSUS NOK 485 MILLION
    * SPAREBANK 1 SR-BANK ASA (SRBANK) ACHIEVED A PRE-TAX PROFIT
OF
NOK 705 MILLION FOR Q4 OF 2020, COMPARED WITH NOK 626 MILLION
FOR SAME QUARTER LAST YEAR.
    * Q4 NET INTEREST INCOME NOK 994 MILLION VERSUS NOK 1.06
BILLION
YEAR AGO
    * DECIDED A DIVIDEND OF NOK 5.50 PER SHARE BASED ON 2019
FINANCIAL
YEAR.
    * IMPAIRMENT LOSSES ON LOANS AND GUARANTEES AMOUNTED TO NOK
270
MILLION IN Q4 OF 2020, COMPARED WITH NOK 139 MILLION IN SAME
QUARTER

Source text for Eikon:  ID:nWkr69CYrq 
Further company coverage:  SRBANK.OL 

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