SpareBank 1 Nord-Norge (SPXXF) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
SpareBank 1 Nord-Norge reports a pre-tax profit of 1,889 million NOK for the first half of 2024, marking a 248 million increase from the previous year. The bank has experienced solid growth in both corporate and personal banking, signaling economic vitality in Northern Norway despite higher interest rates and price increases. CEO Hanne Karoline Kræmer highlights the bank’s strong core business and anticipates greater contributions from the SpareBank 1 Alliance in the future.
For further insights into SPXXF stock, check out TipRanks’ Stock Analysis page.
