Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Storebrand ASA (OSL:STB) Interim results for 1st half year 2008
* Storebrand Bank achieved group profit of NOK 37 million before tax in Q2 and NOK 81 million for the first six months of 2008. * Storebrand Bank ASA's profit before tax was NOK 52 million in Q2 and NOK 94 million for the first six months of 2008. * Ring Eiendomsmegling's profit was affected by the weak development in the real estate market. * Reduced sales of alternative savings products, including the real estate investment fund, and the continued instability in the credit market had a negative effect on the result. * Storebrand Kredittforetak AS issued their first covered bonds. The lending volume at the close of Q2 amounted to NOK 7,400 million.
For further information contact:
CEO Klaus-Anders Nysteen, mobile +47 992 65 691 Finance director, Trond Fladvad, mobile +47 928 97 173
