Very good result with positive one-time effects
(WorldNews Norway)

The SpareBank 1 BV group had a net profit from ordinary operations before losses of NOK 482.6 million (338.6 million). Profit after tax was NOK 385.0 million (275.5 million), which represents 2.22% (1.72%) of average total assets. The group`s annualised return on equity was 18.2% (14.5%). The return on equity in the group was heavily affected in the first half of 2018 by gains from the sale of the bank`s 4 business premises for NOK 90.7 million and revenue recognition from winding up defined-benefit pension schemes worth NOK 92.2 million. In the first half of 2017 recognised negative goodwill related to the merger amounted to NOK 88.6 million and costs associated with the technical merger...