Brief: Sparebanken Vest Q2 Pre-Tax Profit Falls To NOK 611 Million

Sparebanken Norge

13/08/2020 06:14

Aug 13 (Reuters) - Sparebanken Vest  SVEG.OL :
    * Q2 PRE-TAX PROFIT NOK 611 MILLION VERSUS NOK 795 MILLION
YEAR
AGO
    * Q2 NET INTEREST INCOME NOK 737 MILLION VERSUS NOK 753
MILLION
YEAR AGO
    * Q2 LOAN LOSSES NOK 143 MILLION VERSUS NOK 4 MILLION YEAR
AGO
    * BANK’S OVERALL GROWTH AMBITIONS FOR 2020 REMAIN UNCHANGED,
ALTHOUGH ACHIEVING GOOD GROWTH IN THE RETAIL MARKET WILL BE MORE
DEMANDING
    * THE BOARD OF SPAREBANKEN VEST EXPECTS CONTINUED PRESSURE
ON
INTEREST MARGINS AND HIGHER LOSSES THAN HAVE BEEN THE CASE IN
RECENT YEARS

Source text for Eikon:  ID:nObi383pna 
Further company coverage:  SVEG.OL 

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