SpareBank 1 SR-Bank ASA (SRBANK): Notification of positive result

SpareBank 1 Gruppen AS has notified its shareholders that the preliminary result for the second quarter of 2019 is significantly better than expected, including such as a result of a non-recurring effect in the company SpareBank 1 Forsikring AS.

The overall result for majority’s share of SpareBank 1 Gruppen AS amounts to NOK 954 million for the second quarter.

SpareBank 1 SR-Bank’s share of this result make up to a total of NOK 186 million and will be recognised in the second quarter accounts.

Further details will be communicated and commented upon in connection with the presentation of the group’s half-year result on 8 August.

Stavanger, 11 July 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.