Brief: Morrow Bank Q1 Profit Before Tax Up At NOK 83.1 Mln
08/05/2025 06:44
May 8 (Reuters) - Morrow Bank ASA MOBAM.OL: Q1 PROFIT BEFORE TAX OF NOK 83.1 MILLION, UP 43% Y/Y WE ARE RAISING OUR MID-TERM RETURN ON TARGET EQUITY (ROTE) TARGET FROM 12-14% TO 15-17% BY END OF 2026 LONGER TERM, WE SEE POTENTIAL FOR ROTE TO EXCEED 20% AS PLATFORM SCALES WE TARGET ABOUT 5% ANNUALISED LOAN GROWTH AND ABOUT 23% COST/INCOME RATIO BY END-2026 PREPARING TO LAUNCH A REFINANCING PRODUCT IN NORWAY AND AN UPSELL SOLUTION IN SWEDEN DURING Q2 Source text: ID:nObiydGNba Further company coverage: MOBAM.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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