FilingReader Intelligence

Odal Sparebank reports strong Q2 profit above budget

August 15, 2025 at 02:06 PM UTCBy FilingReader AI

Odal Sparebank delivered pre-tax profit of NOK 83.5 million for Q2 2025, surpassing budget despite rent margin falling to 2.11% from 2.30% a year earlier.

The bank achieved robust 12-month loan growth of 14.7% and deposit growth of 9.9%. Loan losses were moderate at NOK 5.1 million.

Core capital increased to 22.07%. The bank issued green bonds worth NOK 825 million and expanded staffing for its Råholt/Eidsvoll initiative.

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

OSL:ODALOslo Stock Exchange

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