SpareBank 1 SR-Bank ASA (SRBANK); Judgement handed down by Borgarting Court of Appeals now legally enforceable

Today SpareBank 1 SR-Bank received information that the Supreme Court’s appeals committee rejected the appeal forwarded by Kluge Advokatfirma AS and others, case number 19-083260SIV-HRET. The appeal concerned the judgement handed down by Borgarting Court of Appeals 12 March this year, case number 18-027239ASD-BORG/01.

The total sum of damages payable by Kluge Advokatfirma AS and others, including late payment interest, amounts to approximately NOK 90 million. This sum will be recognised in the result for Q2 of 2019. 

Stavanger, 17 June 2019

Inge Reinertsen, CFO, Tel. +47 909 95 033 
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173
Thor-Christian Haugland, Executive Vice President Communications, Tel. +47 480 31 633

This information is disclosed in compliance with section 5-12 of the Securities Trading Act.

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.