Good result and growth in retail market
(WorldNews Norway)

Good result and growth in retail market 13.08.2019 07:15 The SpareBank 1 BV Group had a net profit from ordinary operations before losses of NOK 376.8 million (482.6 million). Earnings after tax were NOK 314.7 million (385.0 million), which represents 1.69% (2.22%) of average total assets. The Group`s annualised return on equity was 13.6% (18.2%). The Group`s annualised return on equity was heavily affected in the first half of 2019 by gains the from the insurance merger (Fremtind) of NOK 71.9 million, while the corresponding period last year was affected by the sale of own commercial buildings for NOK 90.7 million and a one-time effect from winding up defined-benefit pension schemes of NOK...