Brief: Voss Veksel Og Landmandsbank Q1 Pre-Tax Profit Down At NOK 11,0 Mln

Voss Veksel og Landmandsbank ASA

11/05/2022 06:53

May 11 (Reuters) - Voss Veksel og Landmandsbank ASA
 VVL.OL :
    * Q1 PRE-TAX PROFIT NOK 11,0 MILLION VERSUS NOK 14.O MILLION
YEAR
AGO
    * Q1 LOAN LOSSES NOK 0.8 MILLION VERSUS LOSSES NOK 0.4
MILLION
YEAR AGO
    * Q1 NET INTEREST INCOME NOK 24,8 MILLION VERSUS NOK 21.9
MILLION
YEAR AGO
    * OUTLOOK: NORGES BANK SIGNALS FASTER RISE IN INTEREST RATES
AND
TO HIGHER LEVEL THAN PREVIOUSLY EXPECTED. THIS HAS LED TO RISE
IN LONG-TERM INTEREST RATES IN Q1. HIGHER INTEREST RATES WILL
AFFECT ACTIVITY AND INVESTMENTS GOING FORWARD.

Source text for Eikon:  ID:nObiDQ442a 
Further company coverage:  VVL.OL 

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