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2020-07-17

SpareBank 1 SR-Bank ASA (SRBANK): Increased loan impairments impact on results for second quarter 2020

Return on equity after tax for the second quarter is then expected to end at a level around 4%.

The level of impairments on loans and financial liabilities is expected to be much lower going forward, but there at still uncertainty in the market conditions.

The final results, updated targets and estimates, and further details will be published in connection with the presentation of the results for the second quarter on 6 August at 07:30 AM.

Stavanger, 17 July 2020
 

Contact persons:
Inge Reinertsen, CFO, Tel. +47 909 95 033
Arne Austreid, CEO, Tel. + 47 900 77334
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173

This information is disclosed in compliance with section 5-1 of the Securities Trading Act.

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