SpareBank 1 SR-Bank ASA (SRBANK); A good result characterised by solid operations and lower losses
SpareBank 1 SR-Bank posted a pre-tax profit of NOK 668 million at the end of the first quarter, compared with NOK 512 million for the same period last year. The result was characterized by increased income, a moderate rise in costs and significantly lower impairment losses on loans compared with the same period last year. Its return on equity after tax was 10.3%, compared with 8.7% for the same period in 2017. The bank's common equity tier 1 capital ratio was 15.0% as at 31 March 2018. "I am very satisfied with the result. The markets for our core activities have improved. We are