Investor Relations
SpareBank 1 Østlandet is the leading savings bank in Eastern Norway. We are part of the SpareBank 1 alliance, which consists of independent savings bank across the country.
High profitability and completed merger
3Q 2024
(Consolidated figures. Figures in brackets concern the corresponding period in 2023)
• Profit after tax: NOK 1 080 (417) million
• Return on equity: 20.4 (8.3) per cent
• Earnings per equity capital certificate: NOK 6.24 (2.50)
• Net interest income: NOK 1 021 (941) million
• Net commissions and other operating income: NOK 443 (358) million
• Net income from financial assets and liabilities: NOK 530 (-63) million
• Total operating expenses: NOK 596 (533) million
• Net loan loss provisions were NOK 106 (134) million.
• Lending growth in the last quarter, including mortgages transferred to the covered bond companies: 1.1 (1.4) per cent
• Deposit growth in the last quarter: -1.0 (-1.9) per cent
• CET1 capital ratio: 16.9 (17.7) per cent
• The Bank's green loans (incl. loans transferred to the covered bond companies) amounted to NOK 43 (39) billion at the end of the third quarter
Group CEO Klara-Lise Aasen (picture)
Webcast Q3 2024
Annual report 2023
Annual results for 2023
(Figures in brackets concern the corresponding period in 2022)
- Profit after tax: NOK 2 222 (1 948) million
- Return on equity: 11.3 (10.5) per cent
- Earnings per equity capital certificate: NOK 12.99 (11.37)
- Net interest income: NOK 3 655 (2 693) million.
- Net commissions and other operating income: NOK 1 455 (1 588) million
- Net income from financial assets and liabilities: NOK 233 (162) million
- Total operating expenses: NOK 2 191 (2 037) million
- Net loan loss provisions were NOK 307 (27) million.
- Lending growth in the past 12 months, including mortgages transferred to the covered bond companies: 5.3 (8.7) per cent
- Deposit growth in the past 12 months: 7.8 (7.2) per cent
- The Board of Directors is proposing to the Supervisory Board of the Bank a cash dividend of NOK 7.80 (6.80) per equity capital certificate, totalling NOK 903 (788) million. Customer dividends of NOK 381 (306) million and a provision of NOK 6 (31) million for gifts are also proposed.
Thursday 22 February 2024
Merger approved by the General Meeting of Totens Sparebank and the Supervisory Board of SpareBank 1 Østlandet.
– I am very pleased that we received a positive decision in both banks. I am convinced that this is a good solution for both employees, customers, owners, and the community that Totens Sparebank is a part of, says CEO Richard Heiberg, SpareBank 1 Østlandet.
The implementation of the merger is still conditional upon the necessary approvals from relevant supervisory authorities without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.
CEO Richard Heiberg, SpareBank 1 Østlandet and CEO Rolf Endre Delingsrud , Totens Sparebank.
Totens Sparebank and SpareBank 1 Østlandet signs letter of intent to merge
The boards of Totens Sparebank and SpareBank 1 Østlandet have signed a letter of intent to merge the two banks. The merger will contribute to an increased focus on the Inland region, with strengthened local presence, proximity to customers and growth capacity.
A quick overview
Contact
Geir-Egil Bolstad
CFO
+47 918 82 071
Cathrine Mordal
Head of Treasury
+47 480 02 537
Bjørn-Erik Orskaug
Head of Investor Relations
+47 922 39 185