Highlights 2023:

  • Profit before tax of 140.1 MNOK
  • Dividend 52.4 MNOK (NOK 0.55 per share)
  • Successful launch of lending product in Spain and savings products in Sweden
  • Loan growth of 626 MNOK
  • Cost to income ratio of 28.9%

Financial figures for 2023:

  • Profit before tax of 140.1 MNOK, after tax 106.2 MNOK
  • Gross loans of 6 913 MNOK
  • Customer deposits of 6 239 MNOK
  • Equity of 1 404 MNOK (after dividend accrual)
  • CET1 ratio of 20.18% (after dividend accrual)
  • Book value per share of 14.17 NOK

Focus areas 2024:

  • Continuing to navigate through an uncertain macroeconomic environment
  • Close monitoring of customer behaviour and continued support of customers through temporary challenges
  • Utilize the bank's market presence, within 4 markets, to optimize capital allocation and develop more diversified funding capabilities
  • Prepare redomiciliation of the bank
  • Prepare for listing on Nasdaq Stockholm  

The bank has delivered positive results every quarter since Q1 2017 and has generated a pre-tax profit in this period of around 750 MNOK. Over the past three years, Lea Bank has paid out 186 MNOK in dividends to shareholders (NOK 1.96 per share) with a dividend yield of 6.7%, 9.2% and 7.1% in 2021, 2022 and 2023, respectively (2023 depending on approval from the General Meeting), says CEO Oddbjørn Berentsen.

Contact information:

Oddbjørn Berentsen, CEO

Phone: +47 22 99 14 00

Emai: ir@leabank.no

https://news.cision.com/lea-bank-asa/r/lea-bank-asa-reports-2023-profit-before-tax-of-140-1-mnok-and-proposes-a-dividend-of-52-4-mnok,c3928968

https://mb.cision.com/Main/17386/3928968/2605890.pdf

(c) 2024 Cision. All rights reserved., source Press Releases - English