Aasen Sparebank (AASB) Q3 2025 earnings summary

Executive summary

• Achieved net profit after tax of NOK 61 million for Q3 2025, up from NOK 60 million year-over-year, with a return on equity of 9.7% compared to 10.3% last year.

• Strong, demand-driven loan growth of 9.4% over the last 12 months, with high demand across all business areas.

• Strategic partnerships, investments, and collaborations within the second-largest Norwegian banking group contributed positively to performance and competitiveness.

• The bank continues to strengthen its local market position and has expanded its workforce to meet regulatory and customer demands.

Financial highlights

• Net profit after tax reached NOK 61 million for Q3 2025.

• Net interest income for the first nine months was NOK 117 million, up from NOK 116 million year-over-year.

• Cost/income ratio improved to 44.49% as of Q3 2025, up from 42.7% last year.

• Business volume/total assets under management reached NOK 9.3 billion.

• Net loan losses were NOK 2.4 million, down from NOK 3.6 million year-over-year.

Outlook and guidance

• Continued focus on capital efficiency, leveraging growth opportunities in the local market, and profitable growth in the region.

• Liquidity strategy emphasizes access to multiple capital sources and maintaining strong deposit coverage.

• Norges Bank reduced the policy rate from 4.5% to 4.0% during 2025, impacting lending and deposit rates from Q3 and Q4.