Skudenes & Aakra Sparebank posts solid Q3 net profit, asset growth

Skudenes & Aakra Sparebank’s Q3 2025 report shows a net profit after tax of 129.6 million kroner, an increase from 124.8 million kroner in Q3 2024. The bank's total assets under management reached 13,433 million kroner, reflecting an 11.7% growth over the last 12 months. Net interest income for the period was 194.7 million kroner, with total lending, including portfolios transferred to Verd Boligkreditt AS, amounting to 13,786 million kroner.

The bank's capital adequacy remains strong, with a consolidated Common Equity Tier 1 (CET1) ratio of 21.19% and a total capital ratio of 24.28%. Skudenes & Aakra Sparebank is undergoing a strategic shift in 2025, transitioning from Lokalbank/Frendegruppen to Eika Alliansen, a process expected to be finalized by November 2025. This transition involved the sale of shares in Frende Holding AS and acquisition of shares in Eika Gruppen AS.

Despite reducing the key policy rate by 0.50 percentage points in June and September 2025, which may pressure interest margins, the bank maintains a positive outlook. The market area is characterized by stable population growth, low unemployment, and a healthy housing market, providing a solid foundation for future operations.