2nd Quarter 2024 accounts

Man standing at waterfront of lake in the mountain landscape Eidfjord in Norway, looking into the fjord, clouds in the sky

English presentation for investors and analysts

CEO Benedicte Schilbred Fasmer and CFO Inge Reinertsen will present the results for the second quarter of 2024 in a presentation for analysts and investors on Thursday, August 8, from 1:00 p.m. to 1:30 p.m.

You can follow the presentation in this webcast.

Joint Presentation in Norwegian

SpareBank 1 SpareBank 1 SR-Bank and several other SpareBank 1 banks invite you to a joint presentation of the accounts from the second quarter of 2024.

Time: Thursday, August 8, 2024, at 2:00 p.m.
Location: Grand Hotel, Karl Johans gate 31, Oslo

We will broadcast the presentations here.


2:10 p.m. - 2:30 p.m: SpareBank 1 Nord-Norge
2:30 p.m. - 2:50 p.m.: SpareBank 1 Østlandet
2:50 p.m. - 3:10 p.m.: SpareBank 1 SMN
3:10 p.m. - 3:30 p.m.: SpareBank 1 Sørøst-Norge
3:30 p.m. - 3:50 p.m.: SpareBank 1 SR-Bank: CEO Benedicte Schilbred Fasmer and CFO Inge Reinertsen
3:50 p.m. - 4:10 p.m.: Fremtind Forsikring

Refreshments will be available from 1:30 p.m., and after the presentation, guests are invited to food and drinks on the rooftop terrace at the Grand Hotel.

Please send your registration to corporateaccess@sb1markets.no.

Key figures from Q1 2024

  • Profit before tax: NOK 1,498 million (NOK 1,131 million
  • Net profit: NOK 1,191 million (NOK 881 million)
  • Return on equity after tax: 14.6% (12.5%)
  • Earnings per share: NOK 4.26 (NOK 3.31)
  • Net interest income: NOK 1,729 million (NOK 1,402 million)
  • Operating costs: NOK 826 million (NOK 761 million)
  • Total lending growth over past 12 months: 7.7% (10.5%)
  • Common Equity Tier 1 capital: 17.62% (17.42%)

Q1 2023 in brackets.

Together we will create SpareBank 1 Sør-Norge

October 26th a joint press conference was held to announce that SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge will be forming SpareBank 1 Sør-Norge.

You will find the recorded press conference in the link below.

Read more about the merger here.

Covered bonds

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


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 SR-Bank group in the future.

Green bond framework

Sustainability in SpareBank 1 SR-Bank (pdf)

Sustainability Report 2023 (pdf)

ESG Factbook (xlsx)

Annual Report 2023

SpareBank 1 SR-Banks annual report for 2023 is now published. You will find the full report and all other relevant documents at Reports.


Inge Reinertsen
Konserndirektør økonomi og finans
+47 909 95 033
Morten Forgaard
+47 916 21 425
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