Brief: Komplett Bank Q1 Profit After Tax At NOK 45.9 Mln

Morrow Bank ASA

13/05/2020 06:05

May 13 (Reuters) - Komplett Bank ASA  KOMPBK.OL :
    * Q1 2020 RESULTS - LOWER LOAN LOSSES AND IMPROVED PROFITABILITY
    * Q1 NET LOANS GREW BY NOK 326 MILLION IN Q1 2020, BUT DECREASED BY NOK 189 MILLION ADJUSTED
FOR
CURRENCY EFFECTS
    * Q1 LOSSES ON LOANS WERE NOK 132.2 MILLION, INCLUDING NOK 50 MILLION IN AN ADDITIONAL LOAN
LOSS
PROVISION DUE TO MACROECONOMIC UNCERTAINTY RELATED TO COVID-19
    * Q1 PROFIT AFTER TAX WAS NOK 45.9 MILLION, UP FROM NOK -15.4 MILLION IN Q4 2019
    * Q1 NET INTEREST INCOME AMOUNTED TO NOK 285.9 MILLION, DOWN FROM NOK 293.8 MILLION IN Q4
2019

Source text for Eikon:  ID:nObisRNqKa 
Further company coverage:  KOMPBK.OL 

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