SpareBank 1 SR-Bank ASA (srbank) A good result characterised by greater activity and lower losses
SpareBank 1 SR-Bank achieved a pre-tax profit of NOK 1,160 million for the first half of 2017, compared with NOK 973 million for the same period last year. The results were affected by greater activity throughout the group, which is reflected by both higher income and a moderate rise in operating costs. The return on equity after tax was 9.9% compared with 9.3% for the same period in 2016. Impairments to cover losses on loans and guarantees totalled NOK 299 million, compared with NOK 455 million in the same period last year. The pre-tax profit for the quarter seen in isolation was NOK