Norwegian Finans Holding has nearly doubled its operating profit before tax in the second quarter from the same period last year. The company stands behind Bank Norwegian, which is experiencing strong customer growth.
The result before tax was 350 million million in the period from april to July, up from 180 million. Meanwhile, revenues increased from 360 million to 687 million kroner, according to the quarterly report, which was presented on Friday.
The bank received more than 81,000 new customers in the second quarter. The figure is now totally 757,900 customers, divided into 543,000 credit card customers, 113,300 borrowers and 101,600 deposit customers.
Norwegian Bank was established in 2007 and owns the company was listed in June this year. With the exchange rate on Friday morning at 87 million, the company’s market value 15.7 billion, well above 4 billion more than the airline that has the same name and owner just over 20 percent. (© NTB)
Fact:
| Key figures from the Norwegian Finance Holdings income statement for the second quarter of 2016. Figures for the second quarter of 2015 in parentheses. * Revenue: NOK 687 million (NOK 360 million) * Operating profit before tax: NOK 350 million ( 180 million) |
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