Source: Cision

SpareBank 1: SpareBank 1 SR-Bank ASA (SRBANK): A good result marked by good operations, increased market activity and growth

SpareBank 1 SR-Bank posted a pre-tax profit of NOK 3,191 million as at 30 September 2019, compared with NOK 2,216 million for the same period last year. The result was characterised by good operations, increased activity in Southern and Western Norway, and marked customer growth compared with the same period last year. The return on equity after tax was 16.0%, compared with 11.7% at the end of the third quarter of 2018. With the effects of the Fremtind Forsikring AS merger taken into account, the return on equity after tax was 13.4%. Impairments on loans and guarantees totalled NOK 96

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Petter Hoiseth's photo - CEO of SpareBank 1

CEO

Petter Hoiseth

CEO Approval Rating

79/100

SpareBank 1 offers loans, mortgage, insurance, pension funds and savings bank accounts for individuals and businesses.

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