SpareBank 1 SR-Bank (srbank); A good result in a still demanding market
SpareBank 1 SR-Bank posted a pre-tax profit of NOK 512 million at the end of the first quarter, compared with NOK 487 million for the same period last year. The results are characterised by higher net interest income, increased income from the subsidiaries EiendomsMegler 1 and Regnskapshuset, and write-downs on loans on a par with the level in previous quarters. The bank's common equity tier 1 capital ratio was 14.7% as at 31 March 2017. Its return on equity after tax was 8.7% compared with 9.0% for the same period in 2016. "The results are good, although write-downs on the bank's loans