Sparebanken Ost Boligkreditt profit rises to NOK 47.6m

Sparebanken Ost Boligkreditt AS reported pre-tax profit of NOK 47.6 million in the second quarter, up from NOK 43.7 million a year earlier. Net profit after tax rose NOK 3.0 million to NOK 37.1 million.

Total assets increased NOK 907.6 million to NOK 20,783.2 million as of June 30. Net interest income rose NOK 3.5 million to NOK 56.9 million. The company maintained a capital adequacy ratio of 29.48%.