A strong result characterised by growth, increased income and significantly lower impairment provisions
SpareBank 1 SR-Bank ASA (SRBNK) achieved a pre-tax profit of NOK 959 million for the second quarter of 2021, compared with NOK 266 million for the same quarter last year. The result is characterised by growth, increased income, and significantly lower impairment losses compared with previous quarters. The return on equity after tax was 13.2% for the quarter, compared with 4.0% for the same quarter last year and 11.6% for the previous quarter.Impairment provisions on loans and guarantees amounted to NOK 58 million, compared with NOK 831 million in the same quarter last year and NOK