Brief: Sparebank 1 BV Q3 Pre-Tax Profit Rises To NOK 158.6 Million

Sparebank 1 Sorost-Norge

02/11/2018 06:04

Nov 2 (Reuters) - Sparebank 1 BV  SBVGV.OL :
    * VERY GOOD RESULT FROM THE CORE BUSINESS
    * FROM 2018 FULL PHASING-IN OF TRANSITIONAL PROVISIONS UNDER
CRD
IV WILL BE COMPLETED
    * Q3 NET INTEREST INCOME NOK 150.5 MILLION VERSUS NOK 142.2
MILLION YEAR AGO
    * Q3 REVERSAL OF LOAN LOSSES NOK 8.1 MILLION VERSUS LOAN
LOSSES
NOK 1.8 MILLION YEAR AGO
    * Q3 PRE-TAX PROFIT NOK 158.6 MILLION VERSUS NOK 140.6
MILLION
YEAR AGO
    * EXPECTS RELATIVELY SMALL LOSSES IN 2018, VERY GOOD RESULT
IS
EXPECTED IN 2018

Source text for Eikon:  ID:nObi86NyFa 
Further company coverage:  SBVGV.OL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))