Brief: Komplett Bank Q4 Result Swings To Loss Of NOK 88.7 Million

Morrow Bank ASA

14/02/2023 06:12

Feb 14 (Reuters) - Komplett Bank ASA  KOMPK.OL :
    * Q4 NET INTEREST INCOME NOK 208.1 MILLION VERSUS NOK 222.4
MILLION YEAR AGO
    * Q4 LOSS AFTER TAX NOK 88.7 MILLION VERSUS PROFIT  NOK 34.3
MILLION YEAR AGO
    * Q4 LOSSES ON LOANS NOK 135.8 MILLION VERSUS NOK 70.3
MILLION
YEAR AGO
    * GIVEN THE STRONG GROWTH AND FLAT RESULT IN 2023, THE BANK
DOES
NOT FORESEE TO DISTRIBUTE DIVIDENDS
    * OUTLOOK: BY END 2023 EXPECTS TO INCREASE ITS LOAN BALANCE
BY
MORE THAN 60% VERSUS. TURN-AROUND LEVEL IN Q2 2022
    * OUTLOOK: BY END 2023 EXPECTS TO ACHIEVE COST/INCOME RATIO
OF
AROUND 30% AND A RETURN ON TARGET EQUITY OF AROUND 10%

Source text for Eikon:  ID:nObi5gTb4a 
Further company coverage:  KOMPK.OL 
 (Gdansk Newsroom)
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