Sparebanken Norge Boligkreditt posts strong Q3 profit, driven by merger

Sparebanken Norge Boligkreditt AS, formed through the merger of Sparebanken Vest Boligkreditt AS and Sparebanken Sør Boligkreditt AS on May 2, 2025, announced a robust profit for the period of NOK 502 million in Q3 2025. This marks a substantial increase from NOK 160 million reported in Q3 2024. The company's total assets reached NOK 245,312 million as of September 30, 2025.

Net interest income for Q3 2025 also saw a significant rise to NOK 556 million, up from NOK 337 million in Q3 2024. The Common Equity Tier 1 (CET1) capital ratio stood at 22.1% at the end of the quarter. Despite the higher risk-weight floor for residential mortgages taking effect from July 1, 2025, which led to a 1.14 percentage point decline in the CET1 capital ratio during the quarter, the company maintains a strong capital position.

The merger established Sparebanken Norge as Norway's leading savings bank, with its wholly-owned mortgage credit institutions now operating as Sparebanken Norge Boligkreditt AS. The share capital as of September 30, 2025, is NOK 14,394 million, divided into 14,394,308 shares, all owned by Sparebanken Norge. John Hopp, chief executive, is available for contact regarding the report.