Sparebank 1 SR Bank ASA (GB:0Q57) has released an update.
SpareBank 1 SR-Bank ASA reported a pre-tax profit of NOK 1,472 million for Q2 2024, a 14.6% return on equity, and strong loan growth of 2.3% for the quarter and 7.5% over the last year. Net interest income saw a significant increase of 21% to NOK 1,726 million, bolstered by the bank’s effective customer advisory in both physical and digital realms. Despite a slight increase in loan impairments, the bank experienced overall solid results, effective cost control, and strategic acquisitions in the real estate market.
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