Nordic Business Report-April 27, 2006-SpareBank 1 SR-Bank posts Q1 pre-tax result of NOK251m
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The Norwegian bank SpareBank 1 SR-Bank issued its first quarter report on Thursday (27 April), posting a pre-tax result of NOK251m, as compared to NOK220m in the first quarter of 2005.
Revenues amounted to NOK525m, up from NOK454m in the first quarter last year. Net interest revenues declined from NOK278m to NOK268m, but net other revenues improved from NOK176m to NOK257m.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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