Aug 08, 2024 / 11:00AM GMT
Benedicte Schilbred Fasmer - Sparebank 1 SR Bank ASA - Chief Executive Officer
Good afternoon, and heartly welcome to the very short presentation of SpareBank 1 SR-Bank's results for the second quarter of 2024.
We have, over time, worked consistently, both structurally and organically, in order to strengthen SR-Bank's position both in the market as well as contribute to a stronger SpareBank 1 alliance over time. And this is what we actually now see some results from -- in the present quarter.
In the first half of 2024, we had a good underlying growth in the group. We had increased loan growth, growth in other income and low loan losses. In addition, we have worked in order to prepare for the merger with SpareBank 1 Sørøst-Norge, which will take place from October 1.
When we merged the seventh largest and the largest -- these two banks, number seven and number one, both SpareBank 1 banks, we will by far become the largest savings bank in Norway. And we will have a loan book close to NOK400 billion. And if you look at our retail and offices distribution, we will have 65 offices
Q2 2024 Sparebank 1 SR Bank ASA Earnings Call Transcript
Aug 08, 2024
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