Third quarter 2024 accounts for SpareBank 1 Sør-Norge

SpareBank 1 SR-Bank Q3 2024

Selected key figures: 

  • Profit before tax: NOK 1.704 million (NOK 1.396 million)
  • Return on equity after tax: 17.5 percent (14.5 percent)
  • Net interest income: NOK 1.768 million (NOK 1,596 million)
  • Net commission and other income: NOK 473 million (NOK 496 million)
  • Operating costs: NOK 891 million (NOK 786 million)
  • Impairments provisions on loans and financial liabilities: NOK 160 million (NOK -78 million)
  • Lending growth last 12 months: 7.3 percent (8.6 percent)
  • Common Equity Tier 1 ratio: 17.8 percent (17.9 percent)

(Third quarter 2023 in parentheses)

SpareBank 1 Sør-Norge Q3 2024

Selected key figures (pro forma):

  • Profit before tax: NOK 2.312 million
  • Return on equity after tax: 16.2 percent
  • Earnings per share: NOK 4.99
  • Operating costs: NOK 1.268 million
  • Common Equity Tier 1 ratio: 18.3 percent

 

Man standing at waterfront of lake in the mountain landscape Eidfjord in Norway, looking into the fjord, clouds in the sky

Covered bonds

SR-Boligkreditt AS was established in March 2015. It is a wholly owned special bank subsidiary of SpareBank 1 Sør-Norge ASA. Its objective is to purchase mortgages from the owner and to finance these by issuing covered bonds.

Sustainability

We will create value and profitability and concurrently consider climate, environment and social conditions. Stopping climate change and contributing to the transition to a more sustainable business community will have a special focus for the SpareBank 1 SR-Bank group in the future.

Green bond framework

Sustainability in SpareBank 1 SR-Bank (pdf)

Sustainability Report 2023 (pdf)

ESG Factbook (xlsx)

Contacts

Morten Forgaard
Økonomidirektør
+47 916 21 425
Roar Snippen
Konstituert CFO
+47 976 10 360
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