Helgeland Boligkreditt reports strong Q3 2025 earnings

Helgeland Boligkreditt AS, a wholly-owned subsidiary of SpareBank 1 Helgeland, reported a pre-tax profit of NOK 8.5 million for the third quarter of 2025, an increase of NOK 0.6 million compared to the same period last year. This positive development was primarily attributed to reduced impairment losses and lower operating expenses. For the year-to-date, pre-tax profit reached NOK 26.7 million, yielding an equity return of 5.0%.

The company’s loan portfolio grew, with total assets amounting to NOK 4,936 million as of September 30, 2025, an increase of NOK 227 million year-over-year. Loans to customers totaled NOK 4,367 million, with 81.2% extended to customers in Helgeland. The loan-to-value (LTV) ratio stood at 51%, and the capital adequacy ratio was strong at 42.7%.

Despite a slight decrease in net interest income, Helgeland Boligkreditt maintains a positive outlook, supported by low unemployment, significant infrastructure projects, and stable housing market conditions in Helgeland. The company's liquidity position remains robust, bolstered by revolving credit facilities with its parent bank.