Aasen Sparebank (AASB) Q1 2026 earnings summary

Executive summary

• Achieved net profit after tax of NOK 17.9 million for Q1 2026, up from 17.4 million year-over-year.

• Strengthened market position and product offering in the core region.

• Entered as owner in Kredittbanken and Frende Kapitalforvaltning.

• Stable underlying banking operations with low credit losses.

Financial highlights

• Net interest income was 36.8 MNOK, with a net interest margin of 2.05%.

• Net commission income increased to 8.4 MNOK from 6.0 MNOK year-over-year.

• Cost/income ratio at 55.3%; adjusted for IT provisions, 47.9%.

• Business capital at NOK 9.8 billion.

• Net loan losses remained low at 0.5 MNOK, with net loss ratio at 0.01%.

Outlook and guidance

• Continued focus on capital efficiency and maintaining strong liquidity.

• Ongoing investments and IT platform transition expected to impact short-term capital ratios.

• Norges Bank's policy rate is expected to rise to 4.25–4.50% by year-end, impacting lending and deposit rates.