Brief: Sparebank 1 BV Q4 Pre-Tax Profit Falls To NOK 108.9 Million

Sparebank 1 Sorost-Norge

08/02/2019 06:07

Feb 8 (Reuters) - Sparebank 1 BV  SBVGV.OL :
    * VERY GOOD ANNUAL RESULT
    * Q4 NET INTEREST INCOME NOK  155.9 MILLION VERSUS NOK 144.2
MILLION YEAR AGO
    * GROUP'S TARGET COMMON EQUITY TIER 1 CAPITAL RATIO IS A
MINIMUM
OF 15%.
    * RECOMMENDS A CASH DIVIDEND FOR 2018 OF NOK 2.95 PER EQUITY
CERTIFICATE AND PROVISIONS FOR RISK EQUALIZATION FUND
CORRESPONDING TO NOK 2.03 PER EQUITY CERTIFICATE
    * Q4 PRE-TAX PROFIT NOK  108.9 MILLION VERSUS NOK 139.4
MILLION
YEAR AGO
    * LOSSES ARE EXPECTED TO BE RELATIVELY LOW IN 2019.
    * Q4 REVERSAL OF LOAN LOSSES NOK 9.4 MILLION VERSUS REVERSAL
OF
LOAN LOSSES NOK 7.4 MILLION YEAR AGO

Source text for Eikon:  ID:nObiclt0Na 
Further company coverage:  SBVGV.OL 

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