Investor Relations
SpareBank 1 Sør-Norge ASA was established on October 1st 2024. We are part of the SpareBank 1-alliance, a nationwide cooperation between independent savings banks.
SpareBank 1 Sør-Norge ASA's Q4 accounts
Selected key figures Q4 2024
- Profit after tax: NOK 1.741 million (NOK 2.209 million)
- Return on equity after tax: 10.9 percent (16.5 percent)
- Earnings per share: NOK 3.48 (NOK 4.64)
- Net interest income: NOK 2.293 million (NOK 2.258 million)
- Operating costs: NOK 1.376 million (NOK 1.321 million)
Q4 2023 in parentheses.
Selected key figures 2024
- Profit after tax: NOK 6.439 million (NOK 5.784 million)
- Return on equity after tax: 13.4 percent (13.5 percent)
- Earnings per share: NOK 16.34 (NOK 14.87)
- Net interest income: NOK 9.119 million (NOK 8.176 million)
- Operating costs: NOK 4.997 million (NOK 4.634 million)
Q4 2023 in parentheses.
Our financial targets
SpareBank 1 Sør-Norge overriding target is to deliver above 14 per cent return on equity (ROE).
At the same time, SpareBank 1 Sør-Norge shall maintain a cost/income ratio below 40 per cent and a common equity Tier 1 capital (CET1) ratio above 17.6 percent.
The group’s dividend policy is to distribute around 50 percent of the profit for the year. Consideration must be given to financial needs, including capital adequacy requirements, and the group’s targets and strategic plans.
- Being cost and capital effective
- Customer growth in South Norway
- Growth in other income
- Joint effort in the SpareBank 1 alliance
- Diversed portfolio
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.
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.
Sustainability in SpareBank 1 SR-Bank (pdf)
