A good result driven by growth, good underlying operations and low losses
SpareBank 1 SR-Bank (SRBNK) posted a pre-tax profit of NOK 1,131 million for the first quarter of 2023. Return on equity after tax was 12.3%. Growth amounted to NOK 24,6 billion in the past 12 months, corresponding to 10.5%. Retail Market lending grew by 7.0%, Corporate Market by 18.1% and SME & Agriculture by 15.2%. “We want to be competitive, to follow up our customers closely and to provide good advice because we know this means a lot when your personal finances are tighter. Paying greater attention to these areas in the first quarter contributed to positive development in the bank’