Nov 01, 2024 / 09:30AM GMT
Klara-Lise Aasen - Sparebank 1 Ostlandet - Group Chief Executive Officer
Welcome, ladies and gentlemen for the third quarter presentation for Sparebank 1 Ostlandet.
In addition to our figures today, I will also present some highlights related to the merger that we are announcing today with Sparebank from -- which is part of our group as of today. But let's first go into the highlights of the quarter.
This quarter, we have a very high profitability, 20.4%, including also the positive one-off effect from the merger from [Fremtind] Eika that contributed with NOK287 million in the quarter. But also despite this effect, we have a return on equity of 14.8% in the quarter, and that's mainly related to solid business core banking. And the net interest income is just a little bit up. Geir-Egil, our CFO, will get into more details later, but underlying we have a healthy growth. In our macroeconomic environment, we have still more negative and pessimistic outlook, but it's slightly improving in our region.
This quarter is quite strong on commission income. It's more than
Q3 2024 Sparebank 1 Ostlandet Earnings Call Transcript
Nov 01, 2024
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