Brief: Kvika Banki Approved Bank's Earnings Forecast For Year 2020

Kvika banki

30/01/2020 13:23

Jan 30 (Reuters) - Kvika banki hf  KVIKA.IC :
    * HAS APPROVED BANK'S EARNINGS FORECAST FOR YEAR 2020
    * ACCORDING TO FORECAST, PROFIT BEFORE TAXES WILL AMOUNT TO
ISK
2,300 - 2,700 MILLION AND RETURN ON EQUITY BEFORE TAXES WILL BE
15% - 18%
    * BANK'S LONG TERM TARGET IS 15% RETURN ON EQUITY BEFORE
TAXES
    * IT IS ESTIMATED THAT TOTAL ASSETS WILL AMOUNT TO ISK 101
BILLION
AT YEAR END 2020
    * IT IS ESTIMATED THAT NET FEE AND COMMISSION INCOME WILL BE
65%
OF NET OPERATING INCOME
    * IT IS ESTIMATED THAT  NET INTEREST INCOME WILL BE 27% AND
OTHER
INCOME 8%

Source text for Eikon:  ID:nGNE3NWhrG 
Further company coverage:  KVIKA.IC 

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