Pareto Bank Q3 2026 profit after tax drops 84% year over year to NOK 27.65 million
Bitget2026/10/29 06:54- Pareto Bank’s third-quarter 2026 profit attributable to shareholders fell 91% year over year to NOK 14.49 million.
- Net interest income declined 6% year over year to NOK 285.17 million due mainly to lower lending volumes and activity-driven fees.
- Loan impairments and losses rose year over year to NOK 195.83 million, reflecting continued challenges in residential development exposures.
- Net customer loans fell 7.6% from the previous quarter to NOK 17.93 billion.
- The bank expects further lending declines in the fourth quarter, with Norwegian property financing contracting while Swedish exposure grows.
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