Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, earned a 5.7% return in the first half of 2025, translating into roughly $68 billion of profit. Equities, which account for the bulk of the US$1.9 trillion portfolio, gained 6.7% as financial stocks led the advance, while fixed-income and real-estate holdings provided smaller contributions. A stronger Norwegian krone trimmed 0.8 percentage point from the fund’s overall value. The performance fell just five basis points short of the benchmark set by Norway’s finance ministry. The fund, which holds about 1.5% of all listed stocks worldwide, has been broadening its mandate to include more private-market and renewable-energy assets. Separately, BNP Paribas Bank Polska reported a second-quarter net profit of 733.8 million zloty ($200 million), comfortably ahead of the 642 million-zloty consensus. Higher net interest income and tight cost control offset increased provisions tied to legacy Swiss-franc mortgages.