SpareBank 1 Nord-Norge posts strong Q3, retail growth drives profit

SpareBank 1 Nord-Norge reported a pre-tax profit of NOK 3,296m for Q3 2025, with chief executive Hanne Karoline Kræmer expressing satisfaction with the results. The bank saw an annualized growth of 12.1% in the personal market and 3.6% in the corporate market. Traditional Northern Norwegian industries like fish and seafood performed strongly, alongside a thriving tourism sector and an improving retail market, boosting purchasing power.

The bank maintained strong cost control, with a cost-to-income ratio of 31.1%, well below its 40% target, reflecting successful simplification initiatives. Loan losses remained low at NOK 23m, attributed to a healthy macro-economic environment with low bankruptcies and full employment. The equity return for Q3 reached 19.3%, supported by sound capital discipline and a solid CET1 ratio of 16.2%, leaving room for further growth while adhering to a dividend policy of over 50% payout.