PARETO BANK

Financial Results - Second Quarter 2021

1

TABLE OF CONTENTS

Highlights

Financials

Business Areas

Outlook & Ambitions

2

SECOND QUARTER 2021

Highlights

  • Profit after tax NOK 131.3m (NOK 127.9m).
  • Return on equity after tax 14.7 % (15.7 %).
  • Activity in all areas. Profitable lending growth. High credit quality.
  • Net interest income NOK 213.3m (NOK 183.8m). Healthy lending margins and lending-related fee income.
  • Lending to customers climbed NOK 221m to NOK 15,310m (NOK 14,235m).
  • Reversal of impairments NOK 3.4m (NOK 0.1m). Partially reversing Covid-related impairments made in Q1-20. Stage 3 impairments remained stable.
  • Outlook is more positive than in previous quarters. Gradual reopening with lower infection rates and vaccination.

3

KEY FIGURES

Profit after tax (NOKm)

127.9

119.4

131.3

Q2-20

Q1-21

Q2-21

Net interest income (NOKm)

200.2

213.3

183.8

Q2-20

Q1-21

Q2-21

Return on Equity *

15.7 %

13.8 %

14.7 %

Q2-20

Q1-21

Q2-21

Cost/Income ratio

18.4%

19.9%

19.4%

Q2-20

Q1-21

Q2-21

CET1 ratio

17.5 %

16.8 %

16.9 %

30.06.2020

31.03.2021

30.06.2021

Loss ratio **

0.04%

0.00%-0.02%

Q2-20Q1-21Q2-21

4*) Excluding AT1 hybrid bonds and corresponing interest costs **) Quarterly impairments and losses over average net loans

TABLE OF CONTENTS

Highlights

Financials

Business Areas

Outlook & Ambitions

5

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Pareto Bank ASA published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 06:03:09 UTC.