Sparebanken More (MORG.OL) Thursday reported pre-tax profit of NOK 317 million for the second quarter, lower than NOK 394 million in the same quarter a year ago.
Profit before impairment on loans was NOK 351 million, slightly down from NOK 359 million.
Profit after tax declined to NOK 243 million from NOK 301 million last year.
Net interest income was NOK 503 million, 2.9% down from NOK 518 million int the previous year.
At the end of the second quarter, provisions for expected credit losses totalled NOK 307 million, 0.33% of gross loans and guarantee commitments.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.