We are SpareBank 1 SR-Bank
Based on the SpareBank 1 SR-Bank’s roots, history and solid position in Western Norway, we aim to become a leading financial group in Norway. Find more information about us in the menu.
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.
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.
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.
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)