3rd quarter 2024

  • Pre-tax profit NOK 1,693m (996m)
  • Net profit NOK 1,441m (740m)
  • Return on equity 21.0 per cent (11.1 per cent)
  • A gain of NOK 452m related to the merger between Fremtind and Eika Forsikring was recognised in the third quarter.
  • CET1 ratio 18.2 per cent (19.7 per cent)
  • Growth in group lending 2.2 per cent (1.0 per cent) in the third quarter
  • Reduction in deposits of 1.2 per cent (reduction of 1.4 per cent) in the third quarter
  • The net result of ownership interests was NOK 685m (minus NOK 2m), including the gain from the merger between Fremtind and Eika Forsikring
  • The net result of financial instruments (incl. dividends) was minus NOK 14m (64m)
  • Losses on loans and guarantees: NOK 75m (35m)
  • Earnings per equity certificate (EC): NOK 6.42 (3.28)
  • Book value per EC was NOK 124.05 (116.39) and the price of the bank’s EC (MING) was NOK 153.46 (137.20) at the end of the quarter
Collage-2024

Return on equity

21.0 %

Net profit

1441 mill

Core capital ratio

18.2 %

30.09.24

19.7 %

30.09.23

Growth in lending

last 12 months

5.5 %

30.09.24

12.2 %

30.09.23

Growth in deposits

last 12 months

-0.1 %

30.09.24

14.7 %

30.09.23

© SpareBank 1 SMN