Brief: Kvika Banki FY Profit Before Taxes Down At ISK 5,621 Mln

Kvika banki

15/02/2023 16:05

Feb 15 (Reuters) - Kvika banki hf  KVIKA.IC :
    * FINANCIAL RESULTS FOR THE YEAR 2022 AND EARNINGS OUTLOOK FOR THE NEXT FOUR QUARTERS
    * PROPOSES A DIVIDEND PAYMENT OF ISK 0.4 PER SHARE
    * FY NET INTEREST INCOME AMOUNTED TO ISK 7,675 MILLION, INCREASING BY 65% COMPARED TO YEAR
BEFORE
    * EARNINGS OUTLOOK FOR NEXT FOUR QUARTERS ASSUMES PRE-TAX PROFIT OF ISK 9.4 BILLION WHICH
EQUATES
TO 21.6% RETURN ON TANGIBLE EQUITY
    * FY PROFIT BEFORE TAXES ISK 5,621 MILLION VERSUS ISK 10,487 MILLION YEAR AGO
    * ON MERGER DISCUSSIONS WITH ÍSLANDSBANKI: DISCUSSION HAD RECENTLY COMMENCED AND HAD
THEREFORE NOT
YET YIELDED ANY RESULTS

Source text for Eikon:  ID:nGNE77RGGc 
Further company coverage:  KVIKA.IC 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))