Brief: Sparebank 1 BV Q2 Pre-Tax Profit More Than Doubles Yoy

Sparebank 1 Sorost-Norge

10/08/2018 06:11

Aug 10 (Reuters) - Sparebank 1 BV  SBVGV.OL :
    * VERY GOOD RESULT WITH POSITIVE ONE-TIME EFFECTS
    * GIVEN UNCHANGED CONDITIONS, BANK EXPECTS RELATIVELY SMALL
LOSSES
IN 2018
    * Q2 NET INTEREST INCOME NOK 146.1  MILLION VERSUS NOK 140.9
MILLION YEAR AGO
    * Q2 EARNINGS AFTER TAX: NOK 220.5 MILLION (92.6 MILLION).
    * Q2 LOAN LOSSES NOK  11.3 MILLION VERSUS NOK 1.6 MILLION
YEAR AGO
    * Q2 NET LOSSES ON LOANS AND GUARANTEES: NOK 11.3 MILLION
(1.6
MILLION)
    * Q2 PRE-TAX PROFIT NOK  271.2 MILLION VERSUS NOK 123.9
MILLION
YEAR AGO

Source text for Eikon:  ID:nObiTvMHCa 
Further company coverage:  SBVGV.OL 

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