SpareBank 1 Sør-Norge Q2 FY26 pretax profit rises 1.56% to NOK 2.08 billion

Reuters2026/08/13 05:07

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Sparebank 1 Sor-Norge posted Q2 2026 pre-tax profit of NOK 2.08 billion, up NOK 32 million year on year.
Net income edged up to NOK 1.68 billion, while return on equity eased 0.2 percentage points to 12.7%.
Net interest income fell to NOK 2.15 billion on margin pressure from tougher competition.
Operating expenses dropped to NOK 1.3 billion, as headcount cuts helped offset inflation and wage growth.
Loan growth over the past 12 months reached 5.3%, while deposits climbed 14.5%; CEO Inge Reinertsen cited post-merger efficiency gains and market-share wins.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sparebank 1 Sor-Norge ASA published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SpareBank 1 Sør-Norge Q2 FY26 pretax profit rises 1.56% to NOK 2.08 billion

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