SpareBank 1 SR-Bank ASA: A strong result ensures continued good lending capacity
Greater efficiency and increased income strengthens the bank's core equity tier 1 capital to 11.1%. Continued low losses and good financial income mean SpareBank 1 SR-Bank is well-positioned for continued growth in an expanding region. SpareBank 1 SR-Bank achieved a pre-tax profit of NOK 2,347 million for 2013 compared with NOK 1,761 million for 2012. The return on equity after tax increased from 12.4% in 2012 to 14.0% in 2013. Pre-tax profit for the fourth quarter in isolation was NOK 674 million (NOK 458 million). This corresponds to a return on equity after tax of 16.2% (11.2%). "I