Sparebanken Møre Group
Presentation 4th quarter 2021
Runar Sandanger | 27. January 2022 |
Senior Economist (SVP) Finance |
Contents
- Introduction and highlights
- Outlook and Main Targets
- Results
- Deposits and Loans
- Liquidity and Capital
2
2021 - highlights
- The bank continues to grow with good development in both lending and deposits
- Net interest income has strengthened throughout the year
- Profitability has improved although cost efficiency is somewhat lower compared to 2020
- Low losses and low risk in the bank's portfolios
- The bank's capital is strong and liquidity remains good
Balance growth
Lending growth was 4.6 per cent over the last 12 months. Growth in deposits was 7.3 per cent
Efficiency
Cost/Income ratio at 42.2 per cent in 2021
Strong liquidity and solidity
Deposit-to-loan ratio at 59.6 per cent, LCR at 122 and CET1 at
17.2 per cent. Leverage Ratio at 7.7 per cent
Net Interest Income
In NOK: | 1.266 million |
In per cent: | 1.56 |
Losses
NOK 49 million (0.06 per cent) in losses on loans and guarantees
Return on
Equity
Return on Equity ended at
9.5 per cent for the full year 2021
3
Strong results in Q4
Profit after tax | Return on Equity (ROE) |
- in per cent | |
- NOK million | |
• | The bank continues the positive |
development and delivers a strong fourth | |
quarter | |
• | Profit after tax ended at MNOK 153 in Q4 |
170
176
153
2021 |
• Return on Equity was 9.0 per cent in the |
quarter compared to 9.1 per cent in Q4 |
2020 |
147
143
10,4 | 10,5 | |||||||||||||
9,1 | 8,5 | |||||||||||||
9,0 | ||||||||||||||
Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 |
4
Results 2021
Profit after tax | ROE |
- NOK million | - in per cent |
• A good Q4 strengthens the result | 711 | |||||||||
for 2021 | 642 | |||||||||
• Profit after tax at the end of the | 601 | 567 | 11,7 | |||||||
year was NOK 642 million, | 557 | 10,6 | ||||||||
10,4 | ||||||||||
corresponding to an improvement | ||||||||||
9,5 | ||||||||||
in profit of 13.2 % compared with | ||||||||||
last year | 8,6 | |||||||||
• The activity in the bank is good and | ||||||||||
we have a good momentum into | ||||||||||
the new year | ||||||||||
2017 | 2018 | 2019 | 2020 | 2021 | 2017 | 2018 | 2019 | 2020 | 2021 |
5
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Sparebanken Møre published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 06:18:06 UTC.