SpareBank 1 SR-Bank - Very good results - net recoveries on losses and continued high return on financial investments
· Group profit before tax: NOK 812 million (NOK 569 million). · Return on equity capital after tax: 23.8% (19.4%). · Growth in lending: +12.3% (+9.5%) over last 12 months. · Growth in deposits: +18.7% (+17.4%) over last 12 months. · Net losses: NOK -33 million (NOK +81 million). · Net return on financial investments: NOK 252 million (NOK 137 million). · Net commission income: NOK 274 million (NOK 246 million). · Earnings per primary capital certificate: NOK 14.8 (NOK 10.2). Results The SpareBank 1 SR-Bank Group posted a profit before tax of NOK 812