SpareBank 1 SR-Bank ASA; A good result with efficient operations and increased financial income
SpareBank 1 SR-Bank achieved a pre-tax profit of NOK 1,633 million for the first three quarters of the year, compared with NOK 1,669 million for the same period last year. The result was characterised by further improvements in efficiency via increased operating income and lower operating costs. At the same time, the bank also significantly increased its income from financial investments. Its common equity tier 1 capital ratio as at 30 September 2016 was 13.8%. The return on equity after tax was 10.2%. The net profit for the quarter seen in isolation was NOK 660 million, compared with NOK