Investor Relations

SR-Bank Green Bonds

SR-Bank has set up a programme which enables us to issue green bonds. Green bonds are backed by a pool of green assets, including both retail and commercial loans. Finance Norway recommends in “Roadmap for green competitiveness in Norwegian Financial Sector” that the banks work to contribute to making the bond market greener. This will make the banks more focused on lending to green projects and thereby contribute to the green transition. SR-Banks’ programme includes lending to green residential and commercial buildings as well as clean energy and clean transportation.

Read more about SR-Bank Green Bonds

Strong ESG rating

In August 2019, Sustainalytics rated SpareBank 1 SR-Bank's ESG Risk, ranked in 8th position within the Regional Banks subindustry, 87th position within the Banks industry group and 2806th within the global universe.Sustainalytics considers SpareBank 1 SR-Bank to be at medium risk of experiencing material financial impacts from ESG factors due to its medium exposure and average management of material ESG issues.

Results for first half of 2019

SpareBank 1 SR-Bank achieved a pre-tax profit of NOK 2,432 million in the first half of 2019, compared with NOK 1,422 million in the same period last year.

Key figures H1 2019

Pre-tax profit: NOK 2,432 million (NOK 1,422 million)

Net interest income: NOK 1,906 million (NOK 1,642 million)

Net commissions and other operating income: NOK 725 million (NOK 738 million)

Net income from financial investments: NOK 1,016 million (NOK 326 million)

Operating costs: NOK 1,185 million (NOK 1,111 million)

Impairment losses on loans: NOK 30 million (NOK 173 million)

Earnings per share: Earnings per share: NOK 8.00 (NOK 4.44)

(H1 2019 figures in brackets)

A very good result marked by good operations, low losses, and significant financial income

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Contacts

Inge Reinertsen
Konserndirektør økonomi og finans
+47 909 95 033
Stian Helgøy
Direktør Investor Relations
+47 906 52 173