Brief: Sparebanken Vest Q1 Pre-Tax Profit Of NOK 328 Million

Sparebanken Norge

07/05/2020 06:08

May 7 (Reuters) - Sparebanken Vest  SVEG.OL :
    * SPAREBANKEN VEST RECORDED A PRE-TAX PROFIT OF NOK 328
(531)
MILLION IN Q1 2020
    * NET INTEREST INCOME IN Q1 AMOUNTED TO NOK 838 (724)
MILLION
    * PROFIT FOR QUARTER IS OTHERWISE AFFECTED BY CHALLENGES
FACING
ECONOMY AS A RESULT OF COVID-19 AND DOWNTURN IN OIL-RELATED
ACTIVITIES
    * PROFIT PER EQUITY CERTIFICATE WAS NOK 1.12 (1.48) IN Q1 OF
YEAR.
    * Q1 TOTAL LOSSES ON LOANS AND GUARANTEES AMOUNTED TO NOK
125
MILLION

Source text for Eikon:  ID:nObiDPdvha 
Further company coverage:  SVEG.OL 

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