SpareBank 1 Gruppen's consolidated net profit after tax for the 4th quarter and
the year 2023 were NOK 60 (518) million and NOK 246 (1,428) million,
respectively. The majority's share of the consolidated net profit after tax for
the 4th quarter and the year 2023 were NOK -260 (467) million and NOK -174
(1,020) million, respectively. 

SpareBank 1 Nord-Norge holds an ownership stake of 19.5 % in SpareBank 1 Gruppen
AS. SpareBank 1 Nord-Norge's share of SpareBank 1 Gruppen's net profit after tax
for the 4th quarter was NOK -51 (128) million. SpareBank 1 Nord-Norge's share of
net profit for the year 2023 was NOK -41 (175) million. 

Fremtind, owned 65% by SpareBank 1 Gruppen AS, reported a pre-tax profit of NOK
794 (205) million in the 4th quarter and NOK 1,160 (1,570) million for the year
2023. 

SpareBank 1 Gruppen AS has conducted a valuation of the jointly controlled
company, Kredinor AS. The updated valuation results in an impairment of the
ownership stake and has a negative impact on SpareBank 1 Gruppen's parent and
consolidated net profit of NOK 769 million in the 4th quarter of 2023 and for
the year 2023. 

Figures in parentheses indicate the amounts for the corresponding period in
2022, restated for IFRS 17. 

This information is subject to disclosure requirements pursuant to the
Securities Trading Act §5-12. 
 

Tromsø, 31 January, 2024 
 

For further information, please contact: 

Bengt Olsen, CFO, tel. (+47) 975 89 560

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