Brief: Sparebanken Vest Q4 Pre-Tax Profit Up At NOK 625 Million

Sparebanken Norge

30/01/2020 06:06

Jan 30 (Reuters) - Sparebanken Vest  SVEG.OL :
    * STRONG Q4 RESULT ENDS A RECORD YEAR CHARACTERISED BY
AMBITIOUS
STRATEGIC
    * Q4 NET INTEREST INCOME NOK 833 MILLION VERSUS NOK 719
MILLION
YEAR AGO
    * Q4 PRE-TAX PROFIT NOK 625 MILLION VERSUS NOK 530 MILLION
YEAR
AGO
    * Q4 LOAN LOSSES NOK 36 MILLION VERSUS NOK 0 MILLION YEAR
AGO
    * PROPOSED DIVIDEND: NOK 2.80 (2.30) PER EQUITY CERTIFICATE,
NOK
339 MILLION IN CUSTOMER DIVIDEND AND NOK 112 MILLION IN
DONATIONS
    * SPAREBANKEN VEST'S GOAL IS A RETURN ON EQUITY OF 12% AND A
DIVIDEND RATIO OF UP TO 50%
    * BANK HAS AMBITIONS OF ABOUT 6% GROWTH IN LENDING TO RETAIL
AND
CORPORATE MARKETS, IN ADDITION TO GROWTH AMBITIONS FOR BULDER
CONCEPT, FOR WHICH TARGET IS NOK 20 BILLION AT YEAR-END 2021

Source text for Eikon:  ID:nObi9XDjJa 
Further company coverage:  SVEG.OL 

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