Storebrand Bank ASA

Interim results for 4th quarter 2006
 
  • Storebrand Bank reported consolidated pre-tax profit of NOK 79 million for Q1
  • Loan losses and write-down represented a net write-back of NOK 45 million in Q1, of which an agreed settlement of legal proceedings contributed NOK 35 million
  • Lending increased by NOK 1.5 billion in Q1 - equivalent to growth of almost 5%
  • Inflow of new customers continues, with over 5,900 new accounts opened in Q1
  • Good level of customer satisfaction (Norsk Finansbarometer 2007)
 
For further information contact:
 
CEO Klaus-Anders Nysteen, phone +47 22 31 51 50, mobile +47 992 65 691
Director Business developement, Trond Fladvad, phone +47 22 31 55 71, mobile +47 928 97 173