SpareBank 1 Sør-Norge ASA (SB1NO.OL) Thursday reported profit before tax of NOK 2.050 million for the second quarter, higher than NOK 1.927 million in the same quarter a year ago.
Profit after tax increased to NOK 1.668 million or NOK 4.23 per share from NOK 1.510 million or NOK 3.86 per share last year.
Net interest income grew to NOK 2.310 million from NOK 2.262 million in the prior year.
Net commission and other income rose to NOK 858 million from NOK 782 million last year.
"SpareBank 1 Sør-Norge was only recently established, and we are now preparing for the technical merger. Already, we see that the merger is having a positive impact on the group's operations. This is reflected in growth, efficiency, and access to capital," said group CEO Inge Reinertsen.
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