Brief: Morrow Bank Q2 Profit Before Tax Up At NOK 67.4 Mln

Morrow Bank ASA

14/08/2024 06:24

Aug 14 (Reuters) - Morrow Bank ASA  MOBAM.OL :
    * YEAR-END ORGANIC 2025 TARGETS MAINTAINED AT AROUND 10% ANNUALISED LOAN GROWTH, COST/INCOME
RATIO
OF AROUND 26% AND ROTE OF 10-12%
    * Q2 NET INTEREST INCOME NOK 287.4 MILLION
    * Q2 NET COMMISSIONS AND FEES NOK 7.2 MILLION
    * Q2 PROFIT BEFORE TAX NOK 67.4 MILLION VERSUS NOK 55.0 MILLION YEAR AGO
    * Q2 LOSSES ON LOANS NOK 157.6 MILLION

Source text for Eikon:  ID:nObilMWXka 
Further company coverage:  MOBAM.OL 

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