SpareBank 1 Nord-Norge reports a pre-tax result of3,273 million Norwegian kroner after 2023. The corresponding figure for 2022 was2,364 million kroner . - The numbers are strong, and we are performing well across all parameters by which banks are measured, says CEOHanne Karoline Kræmer . The CEO highlights significant growth in both the personal and corporate markets. - We have increased market shares in almost all areas. In a year where underlying credit growth has been weak, it's gratifying that the personal market has grown by 3.8 percent, and our corporate market has surged by an impressive 15.5 percent compared to 2022. This tells me thatSpareBank 1 Nord-Norge is competitive relative to other banks, and that the business landscape inNorthern Norway continues to thrive, with investments for the future. This is further supported by the low number of bankruptcies, and only a slight increase in delinquency. I am more than pleased with both aspects. High Dividends and Solid Returns The bank is well-capitalized, and 61.4 percent of the surplus is therefore distributed as dividends. - We propose a dividend of7 Norwegian kroner per equity certificate. We can do this without compromising our growth prospects, because we still maintain a very solid capital base. The dividend also contributes to a societal benefit of more than800 million kroner , which will be allocated in a way that ensures further development of the region, says Kræmer. Profitability is also strong. - Our group has a financial goal of achieving top equity return among comparable financial institutions. We are really satisfied with 16.4 percent, she adds. Main points, full year 2023: o Pre-tax profit: 3,273 MNOK (2,364) o Return on equity: 16.4 % (11.9 %) o C/I-ratio: 36 % (40.3 %) o Losses: 116 MNOK (63) o CET1 ratio: 17.1 % (17.3 %) o Proposed dividend:7 NOK per equity certificate (2022 in brackets) Contacts: o CEOHanne Karoline Kræmer , telephone (+47) 414 70 483 o CFOBengt Olsen , telephone (+47) 975 89 560 o CCO Stein Vidar Loftås, telephone (+47) 951 26 576 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published by Morten Tønder Albertsen, Head of Communications atSpareBank 1 Nord-Norge , onFebruary 8, 2024 at07:30 CET .
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