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. The results were marked by good operations, a higher influx of customers, low impairment losses, and a significant contribution from the bank’s financial investments. The return on equity after tax was 18.8%, compared with 11.4 % for the same period in 2018. With the effects of the Fremtind Forsikring AS merger taken into account, the return on equity after tax was 14.7%.
Impairment losses on loans and guarantees totalled NOK 30