macro

SPOG: lower net interest income pulled third-quarter ROE down to 6.9%

According to TradingView, SPOG posted NOK 85m net profit in Q3 with 6.9% ROE, deposits up 7.7% YoY while lending stayed nearly flat.

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what happened

According to TradingView, SPOG's third-quarter net profit came in at NOK 85 million, with annualized return on equity at 6.9%. A drop in net interest income outweighed steady costs and low credit losses.

Deposits rose 7.7% over the year, while the loan book barely changed. The source notes that sales of Frende shares could boost fourth-quarter earnings and the basis for the 2026 dividend.

why it matters

For investors, the key point is the trend in interest margins: with weak loan growth, the bank leans on deposits and one-off items. The source text is AI-generated, so key figures should be checked against the company's own reporting.

market impact

SPOG shares: weaker interest income weighs on profit, while deposit growth and the Frende sales support results

tags

instruments

SPOGNOK

sources

  1. SPOG: Lower net interest income pulled Q3 ROE to 6.9%, while deposits grew and credit losses stayed low — TradingView, 28 October 2026 at 06:57 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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