First quarter accounts

Key figures
  • 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.

Young tourist couple in a street known for its typical Scandinavian white houses in Stavanger, Norway.

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.

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.

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 2023 (pdf)

ESG Factbook (xlsx)

Contacts

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