SpareBank 1 SR-Bank ASA: Solid start for 2012
SpareBank 1 SR-Bank reported a pre-tax profit of NOK 393 million for the first quarter of 2012, an increase of 17 per cent over NOK 336 million for the same periode previous year. Our earnings improvement is attributed primarily to robust operations, positive securities markets and low losses.Our return on equity after tax increased from 11.2 per cent in the first quarter of 2011 to 12.9 per cent in the first quarter of 2012.- Our banking operations are robust, our losses are low, our product contribution is increasing, and we are improving our overall earnings from our deposit and