SpareBank 1 SR-Bank announced unaudited group and bank earnings results for the first quarter ended March 31, 2013. For the quarter, on group basis, the company reported interest income of NOK 1,321 million compared to NOK 1,327 million a year ago. Net interest income was NOK 451 million compared to NOK 401 million a year ago. Net commission and other income was NOK 404 million compared to NOK 302 million a year ago. Total income was NOK 1,016 million compared to NOK 905 million a year ago. Operating profit before losses was NOK 526 million compared to NOK 427 million a year ago. Pre-tax profit was NOK 501 million compared to NOK 393 million a year ago. Profit after tax was NOK 394 million compared to NOK 316 million a year ago. Earnings per share were NOK 1.54 compared to NOK 1.58 a year ago. Negative net change in liquidity from operations was NOK 2,151 million compared to NOK 1,084 million a year ago. Investments in tangible fixed assets was NOK 16 million compared to NOK 7 million a year ago. Return on equity after tax was 12.3% compared to 12.9% a year ago. The reduction in net interest income compared with the fourth quarter of 2012 is mainly due to the introduction of the Norwegian Banks Guarantee Fund charge in 2013 and fewer interest accruing days in the first quarter. For the quarter, the bank reported interest income of NOK 1,272 million compared to NOK 1,286 million a year ago. Net interest income was NOK 401 million compared to NOK 357 million a year ago. Net commission and other income was NOK 297 million compared to NOK 192 million a year ago. Total income was NOK 751 million compared to NOK 679 million a year ago. Operating profit before losses was NOK 372 million compared to NOK 309 million a year ago. Pre-tax profit was NOK 345 million compared to NOK 277 million a year ago. Profit after tax was NOK 252 million compared to NOK 212 million a year ago. Negative net change in liquidity from operations was NOK 2,154 million compared to NOK 1,078 million a year ago. Investments in tangible fixed assets was NOK 14 million compared to NOK 6 million a year ago. For the quarter, the company reported impairment losses on loans of NOK 25 million compared to NOK 34 million a year ago.

The Annual General Meeting of SpareBank 1 SR-Bank was held on April 25, 2013. The AGM approved the Board of Directors proposed amendment to the articles of association.

SpareBank 1 SR-Bank announced that its annual general meeting held on April 25, 2013 approved the payment of a dividend for 2012 of NOK 1.50 per share for those who are shareholders as of April 25, 2013, with payment on May 07, 2013. The shares of SpareBank 1 SR-Bank ASA will be traded ex-dividend from April 26, 2013.