Table of contents
SUMMARY AND VALUATION 3
ROUGE PROSPECTS FOR THE NORWEGIAN ECONOMY 7
INCREASING LOSSES 9
SOLIDITY WITHIN REGULATORY REQUIREMENTS 12
DECLINING VOLUME GROWTH 14
MORE STABILE SENIOR BONDS AND INTER-BANK SPREADS 16
INCREASEING MARGINS 18
OTHER INCOME ADJUSTED STABEL, BUT WITH A DECREASING TREND 20
STABLE COSTS 21
THE NORWEGIAN BANK AND CREDIT PACKAGE 22
LAW DRAFT ON CAPITAL AND ORGANIZATIONAL FORMS 24
HELGELAND SPAREBANK 26
SPAREBANK1 NORD-NORGE 35
SPAREBANK1SMN 44
SPAREBANK1 SR 53
SPAREBANKEN MØRE 62
SPAREBANKEN VEST 71