Nordic Business Report-April 27, 2006-Modum SpareBank 1 reports Q1 pre-tax result of NOK11.07m
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The Norwegian bank Modum SpareBank 1 issued its first quarter figures on Thursday (27 April), reporting a pre-tax result of NOK11.07m, as compared to NOK8.84m in the first quarter of 2005.
Net interest and commission income amounted to NOK19.01m, up from NOK16.93m in the first quarter last year.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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