Bank Norwegian reports a profit after tax of 258.3 million earned in Q2 2016, up from 131.0 million in Q3.
The result before tax was 344.5 million million, compared to 179.5 million kroner the previous quarter.
the records for loans increased from 46.0 to 109.5 million kroner.
Net interest income amounted to 587, NOK 8 million, compared with 338.2 million earned in Q2 2015.
esultatfremgangen, which are “strong in all markets,” explained by strong loan growth, stable margins, good cost control and stable credit quality.
the strong customer and lending growth continued through Q2, with lending growth of NOK 2,380 million.
deposits rose 3.713 million.
Bank Norwegian has a strong capital position, with a pure core capital ratio of 14.0 percent.
the bank maintained its strong liquidity position in Q2 by good growth in deposits, writing board in the report.
Bank Norwegian at the end of Q2 a customer base of 757,900 customers, spread over 113,300 borrowers, 101,600 deposit customers and 543,000 credit card customers.
you can find the report and presentation.
the largest shareholder in Bank Norwegian (Norwegian Finance Holding) is Norwegian, which Kjos is boss and biggest shareholder, with a direct and indirect shareholding totaling 20.7 percent.
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