FilingReader Intelligence

SpareBank 1 Ringerike Hadeland benefits from strong Fremtind profits

July 11, 2025 at 05:40 AM UTCBy FilingReader AI

SpareBank 1 Ringerike Hadeland reported a significant increase in its share of profits from insurance joint venture Fremtind Holding.

Fremtind's profit before tax surged to 1.99 billion Norwegian kroner in the first half of 2025, up from 728 million kroner in the same period last year. Second quarter profit before tax reached 1.14 billion kroner, compared to 495 million kroner in Q2 2024.

The bank's indirect 3.23% stake generated 36 million kroner in profit share for the year-to-date, more than double the 15 million kroner recorded in the prior year.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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