Brief: Sparebanken Sor Q1 net income down at NOK 150 million

Sparebanken Sor

29/04/2016 06:57

April 29 (Reuters) - Sparebanken Sor  SORR.OL : 
    * Q1 net interest income 362 million Norwegian crowns ($44.59 million) versus 367 million 
crowns year ago 
    * Q1 net income 150 million crowns versus 185 million crowns year ago 
    * Q1 loan losses 13 million crowns versus 14 million crowns year ago 
    * Finanstilsynet has expressed expectation that the bank must have a pure core capital ratio 
of 14.5 percent by the end of 2016 
    * Developments in risk-weighted assets and income, as well as issue of equity share capital 
of 600 million crowns is in line with plans laid to meet Finanstilsynet expectations 
    * Expects net losses for 2016 to be moderate 
 
     
Source text for Eikon:  ID:nObiWPzJqa  
     
Further company coverage:  SORR.OL  
 
($1 = 8.1180 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))