Storebrand Bank ASA 3rd quarter 2007
Interim results for 3rd quarter 2007
- Storebrand Bank reported consolidated pre-tax profit of NOK 54 million for Q3
- Net interest income as a percentage of average total assets was 1.08% in Q3 and 1.07% for the first nine months (annualised figures)
- Net fee and commission income amounted to NOK 15 million in Q3 - reflecting good sales of savings products
- Continuing growth in lending to the retail market - up by 21% for the first nine months
- Measures to improve efficiency continue to deliver benefits - cost ratio at 65.9% for the first nine months
For further information contact:
CEO Klaus-Anders Nysteen, mobile +47 992 65 691
Head of Business development, Trond Fladvad, mobile +47 928 97 173