Grong Sparebank reports higher net profit in the third quarter compared with the same period of the previous year.
Interest income amounted to NOK 171.4 million (162.9), an increase of 5.3 percent.
Net interest income amounted to NOK 62.2 million (63.5), a decrease of 2.0 percent.
Net commission income amounted to NOK 24.7 million (25.9).
Operating profit before credit losses amounted to NOK 83.2 million (64.0).
Credit losses amounted to NOK -4.1 million (-1.4).
Profit before tax was NOK 79.1 million (62.6).
Net profit increased to NOK 71.1 million (52.0).
The bank highlights that the improvement in results so far this year has to a large extent been affected by income from financial instruments and does not solely reflect stronger underlying earnings. At the same time, costs have increased and net interest income has decreased, although the latter improved compared with the second quarter.
Going forward, the bank is prioritizing increased profitability in ongoing operations, cost control and better utilization of existing capacity. Credit risk is generally assessed as low to moderate.
No forecast is provided.
Key figures, NOK millionQ3 2026Q3 2025ChangeInterest income171.4162.9+5.3%Net interest income62.263.5-2.0%Net commission income24.725.9-4.7%Operating profit before credit losses83.264.0+30.1%Credit losses-4.1-1.4Profit before tax79.162.6+26.4%Net profit71.152.0+36.8%
