Sparebank 68 Grader Nord Q2 FY26 profit before tax rises 22.21% to NOK 117.2 million; net profit climbs 22.28% to NOK 87.8 million
Reuters2026/08/13 11:54Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Sparebank 68 Grader Nord posted pretax profit of NOK 117.2 million for Q2 2026, up 22.21% year over year.
- Net profit rose 22.28% to NOK 87.8 million, helped by reversals of earlier loss provisions.
- Net interest income slipped to NOK 148.9 million; net interest margin narrowed 13 bps to 2.28%.
- Cost-to-income ratio widened to 49.6% from 44.8% due to temporarily higher operating expenses tied to a core banking switch.
- Loan growth including intermediated loans climbed to 7.4% over the past 12 months; deposits increased 6.1%.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sparebank 68 Grader Nord published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.
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