Sparebanken Vest’s Strong Q3 Performance and Future Plans

Sparebanken Vest (SPIZF) has released an update.

Sparebanken Vest reports a strong performance in Q3 2024, with a profit before tax of NOK 1,585 million and a return on equity of 21.4%, driven by good lending growth and higher interest rates. The bank also boasts high customer satisfaction, particularly among business clients, and maintains a robust capital position with a CET1 ratio of 18.0%. Additionally, the upcoming merger with Sparebanken Sør is set to create Sparebanken Norge, further enhancing its market position.

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