Pareto Bank Posts Solid Growth in Q2 2024
Company Announcements

Pareto Bank Posts Solid Growth in Q2 2024

Pareto Bank ASA (DE:8PB) has released an update.

Pareto Bank ASA reported a strong financial performance in the second quarter of 2024, with a post-tax result of NOK 178.2 million, marking an increase from the previous year’s NOK 154.4 million. The bank’s net interest income also showed growth, contributing to a total income of NOK 315.5 million for the quarter. The first half of the year saw robust loan growth, particularly in housing development, business, and offshore financing, with customer deposits also increasing significantly.

For further insights into DE:8PB stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskPareto Bank Reports Strong Third Quarter Profits
TipRanks European Auto-Generated NewsdeskPareto Bank Reduces Bond Holdings, Complies with Regulations
TipRanks European Auto-Generated NewsdeskPareto Bank Sets New Bond Interest Rate
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App