SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge are merging

October 26th a joint press conference was held to announce that the two banks together will be forming SpareBank 1 Sør-Norge.

The press conference was led by CEO of SpareBank 1 SR-Bank, Benedicte Schilbred Fasmer, and CEO of SpareBank 1 Sørøst-Norge, Per Halvorsen. They were joined by Finn Haugan, chair of board at SpareBank 1 Sørøst-Norge and Dag Mejdell, chair of board at SpareBank 1 SR-Bank.

You will find the recorded press conference in the Webcast to the left.

Read more about the merger here.

Presentation of third quarter 2023 accounts

Key figures third quarter 2023

  • Operating profit before tax: NOK 1.396 million (NOK 1,044 million)
  • Return on equity: 14,5% (12.4%)
  • Net interest income: NOK 1.596 million (NOK 1,115 million)
  • Operating costs: NOK 786 million (NOK 677 million)
  • Total lending growth over past 12 months: 8,6% (9.4%)
  • Common Equity Tier 1 capital ratio: 17,9% (17.8%)

Q3 2022 in brackets

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.

Annual report 2022

  • Pre-tax profit: NOK 4,211 million (3,838)
  • Return on equity: 12,6 % (12,6)
  • Cost/income ratio: 40,1 % (40,2)
  • Common Equity Tier 1 capital ratio: 17,4 % (17,4)
  • Earnings per share: NOK 12,88 (12,08)
  • Dividend per share: NOK 7,00 (6,00)

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 SR-Bank group in the future.

Green bond framework

Sustainability in SpareBank 1 SR-Bank (pdf)

Sustainability Report 2022 (pdf)

ESG Factbook (xlsx)

Contacts

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