First quarter 2025 accounts

SN-Inge_Reinertsen_kvadr.jpg

Selected key figures

  • Profit after tax: NOK 1.737 million (NOK 1.580 million) 
  • Return on equity after tax: 13.5 percent (13.8 percent)  
  • Return on equity, adjusted for goodwill after merger and merger costs: 14.7 percent 
  • Net interest income: NOK 2.310 million (NOK 2.256 million) 
  • Operating costs: NOK 1.282 million (NOK 1.161 million) 
  • Lending growth last 12 months: 6.5 percent (5.8 percent) 
  • Common Equity Tier 1 ratio: 18.3 percent 


Proforma Q1 2024 in parentheses

 

Annual Report for 2024

SpareBank 1 Sør-Norge has published the annual report for 2024.

In the report, you will find key figures and information about the group's development during the historic year when SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge merged to become one group.

SB1NO_IngeReinertsen_Aarsrapport2024

Sustainability

We will create value and profitability and concurrently consider climate, environment and social conditions. Stopping climate change and contributing to the transition to a more sustainable business community will have a special focus for the SpareBank 1 Sør-Norge group in the future.

Covered bonds

SR-Boligkreditt AS was established in March 2015. It is a wholly owned special bank subsidiary of SpareBank 1 Sør-Norge ASA. Its objective is to purchase mortgages from the owner and to finance these by issuing covered bonds.

Our financial targets

SpareBank 1 Sør-Norge’s IR policy

Contacts

Eirik Børve Monsen
CFO
+47 916 39 831
Morten Forgaard
Finance Director
+47 916 21 425
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