SpareBank 1 SR-Bank ASA (SRBANK); A very good result characterised by strong underlying operations
SpareBank 1 SR-Bank is posting a pre-tax profit of NOK 1,910 million for the year-to-date at the end of the third quarter of 2017, compared with NOK 1,633 million for the same period last year. The result is characterised by a significant increase in ordinary operating income and a moderate increase in the group's operating costs. The return on equity after tax was 10.9%, compared with 10.2% for the same period in 2016. The pre-tax profit for the quarter seen in isolation was NOK 750 million, compared with NOK 660 million for the same period last year, which is equivalent to a return