Sparebanken Narvik reports record Q3 growth driven by strong loan portfolio

Sparebanken Narvik delivered a record-breaking Q3 2025, with pre-tax profit reaching NOK 145.2 million year-to-date, up from NOK 134.9 million in the same period last year. Net interest income for the year stands at NOK 165.5 million. The total loan portfolio, including loans transferred to Eika Boligkreditt, grew by 12.1% over the last 12 months to NOK 10,691 million. Business capital increased by 10.1% to NOK 12,687 million.

The bank maintained strong capital adequacy, with consolidated capital coverage at 25.7% (22.8% in 2024), demonstrating robust financial health. Deposits saw a 4.6% increase over the last 12 months, reaching NOK 5,993 million, with a deposit coverage ratio of 89.5%. The return on equity for the year was 12.52%, reflecting efficient operations.

The strong performance is attributed to high activity in both private and corporate markets, with the bank's loan portfolio characterized by low risk. Total operating costs were NOK 84.3 million, with a cost-to-income ratio of 36.7%. Credit losses remain low at NOK 0.2 million for the year.