SpareBank 1 Nord-Norge

NONG

Equity

ISIN NO0006000801 / Valor 350549

Oslo Stock Exchange (2025-11-21)

NOK 139.02-0.24%

SpareBank 1 Nord-Norge
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About company

SpareBank 1 Nord-Norge is a Norwegian financial services group that provides a wide range of banking products and services, including loans, savings, advisory services, insurance, and pension products, primarily to customers in Northern Norway.

Summarized from source with an LLMView SourceSector: Finance

Return on Equity

SNN reported a return on equity of 17.2% for 1Q25, aligning well with the Group’s targets and demonstrating effective capital utilization.

Lending Growth

The bank experienced an overall lending growth of 3.8%, with retail loans growing by 3.3% and corporate loans increasing by 1.0%. Annualized lending growth reached 5.3%, contributing to a 12-month growth rate of 6.5%.

Cost Efficiency

The cost/income ratio improved to 33.2% in 1Q25, representing a 1.6 percentage point decrease compared to the previous quarter, highlighting enhanced operational efficiency.

Capital Adequacy

SNN maintained a Common Equity Tier 1 Capital Ratio of 16.6%, ensuring a strong capital base and financial stability.

Loss Provisions

Loss provisions increased by NOK 38 million in 1Q25 due to adjustments in macroeconomic scenarios. Nonetheless, losses remain historically low, supported by the bank’s solid loan portfolio and proactive risk management.

Summarized from source with an LLMView Source

Key figures

17.9%1Y

57.8%3Y

90.7%5Y

Performance

21.2%1Y

18.6%3Y

19.7%5Y

Volatility