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
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
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.