Storebrand Bank ASA - Interim results for 2nd quarter 2007
- Storebrand Bank reported consolidated pre-tax profit of NOK 55 million for Q2
- Continuing strong growth in lending - lending to the retail market up by over 15% for the first six months
- Net fee and commission income of NOK 17 million for Q2 - reflecting good sales for real estate investment funds
- Reduction in cost ratio - 62% in Q2
- Q2 net interest margin calculated on average total assets of 1.05% on an annualised basis
For further information contact:
CEO Klaus-Anders Nysteen, mobile +47 992 65 691
Director Business developement, Trond Fladvad, mobile +47 928 97 173