Sparebanken Norge posts strong Q3 profit, high equity return

Sparebanken Norge reported a pre-tax profit of NOK 2,303 million in Q3 2025, with a return on equity of 14.5%, exceeding targets. Adjusted for merger effects, the return on equity was 16.5%. The bank experienced strong gross lending growth, reaching NOK 474.2 billion, up 71.1% year-on-year. Retail lending stood at NOK 331.2 billion and corporate lending at NOK 143.0 billion. Customer deposits also saw significant growth, totaling NOK 221.8 billion.

Despite approximately NOK 19 million in merger-related costs, the bank maintained a low cost-to-income ratio of 29.4%. The loan portfolio continued to exhibit low risk, with non-performing and impaired loans at 0.71% of total gross lending. The consolidated Common Equity Tier 1 (CET1) capital ratio stood at 18.1%, comfortably above the 14.9% requirement and 16.0% target.

Chief executive Jan Erik Kjerpeseth expressed satisfaction, highlighting the successful integration of two large banks while achieving top-tier lending growth. The bank aims to deploy its surplus capital for continued growth and competitive dividends.