A stronger result with growth and good underlying operations
SpareBank 1 SR-Bank ASA (SRBANK) achieved a pre-tax profit of NOK 603 million for the third quarter of 2020, compared with NOK 759 million for the same quarter last year. The quarter’s results were characterised by growth, good underlying operations and a lower level of impairment losses compared with the previous two quarters this year. The return on equity after tax for the quarter was 8.2% compared with 10.5% for the same quarter last year, and represents a significant improvement from the previous quarter. Impairment losses on loans and guarantees amounted to NOK 369 million in