Voss Veksel- og Landmandsbank reports strong loan growth, solid capital in Q3

Voss Veksel- og Landmandsbank ASA reported a Q3-2025 profit before tax of NOK 88.0 million, a slight decrease from NOK 91.7 million in Q3-2024. Total comprehensive income increased to NOK 76.1 million from NOK 64.9 million. Net interest income grew to NOK 102.6 million (Q3-2024: NOK 102.0 million), supported by a 9.3% increase in gross loans including EBK, reaching NOK 6,910 million. Customer deposits also saw significant growth, rising to NOK 4,938 million.

Despite positive volume growth, the net interest margin decreased to 2.07% from 2.15% in the prior year. Operating costs rose to NOK 59.6 million (Q3-2024: NOK 50.9 million), influenced by increased IT investments and planned staffing expansion. However, loan impairments remained low at -NOK 0.6 million.

The bank maintained a strong capital position with an unconsolidated Common Equity Tier 1 (CET1) ratio of 22.20% and a total capital ratio of 26.55%. Equity adjusted for hybrid capital showed a return of 11.19% after tax.