Brief: Komplett Bank says Q4 lending growth lower than forecast

Morrow Bank ASA

16/01/2019 05:31

Jan 16 (Reuters) - Komplett Bank ASA  KOMPBK.OL :
    * WILL REPORT HIGHER PROFITABILITY, LOWER LOSSES ON LOANS
AND
LOWER NET LOAN GROWTH THAN IN PREVIOUS QUARTER
    * KOMPLETT BANK: NET LOANS NOK 7.85 BILLION END-DECEMBER
2018 (NOK
7.73 BILLION ADJUSTED FOR CURRENCY EFFECTS), THIS IS BELOW
GUIDANCE PREVIOUSLY ISSUED FOR NET LOANS OF NOK 8.0-8.3 BILLION
AT END-2018
    * LOSSES ON LOANS IN Q4 DECREASED AS A RESULT OF TARGETED
ACTIONS
IMMEDIATELY TAKEN TO ADDRESS HIGH LOSS LEVELS REPORTED FOR Q3
    * TOTAL Q4 INCOME WAS NOK 296 MILLION, UP 10% COMPARED TO
NOK 270
MILLION IN Q3
    * BETTER POSITIONED FOR CONTINUED DIVERSIFIED GROWTH AND
VALUE
CREATION IN 2019 AND BEYOND
    * WILL RELEASE ITS FULL Q4 RESULTS ON 13 FEBRUARY

Source text for Eikon:  urn:newsml:reuters.com:*:nObij8HbSa
Further company coverage:  KOMPBK.OL 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))