Sparebanken Møre : Financial Reporting Document

Sparebanken Møre Group

Presentation 4th quarter 2020

Runar Sandanger

12. February 2021

EVP

Contents

• • Introduction and highlights

• • Outlook and Main Targets

• • Results

• • Deposits and Loans

• • Liquidity and Capital

branch offices in our region Nordvestandet

346

man years

NOK 79,5

billion in total assets

Adaptation to regulatory authorities` expectations

• • The bank's dividend policy implies a cash dividend for 2020 of NOK 13.50 per equity certificate. Based on the current extraordinary situation and the authorities' expectations, the Board has found it appropriate to propose to the General Meeting a cash dividend per equity certificate of NOK 4.50 for the financial year 2020. The corresponding provision for dividends to the local community will amount to NOK 45 million. The total dividend for 2019 and 2020 will thus amount to 30% of the cumulative annual result for the years 2019 and 2020

• • The Board will also propose to the General Meeting that the Board is issued authorisation to make an additional payout up to NOK 9.00 per EC to be distributed as a cash dividend and up to NOK 91 million set aside as dividend funds for the local community for the financial year 2020. In the event of such a further distribution, the total dividend for the financial year 2020 will thus be in line with the bank's dividend policy

• • Based on the accounting distribution of equity in the Parent Bank between equity certificate capital and the primary capital fund, 49.6 per cent of the profit will be allocated to equity certificate holders and 50.4 per cent to the primary capital fund. The earnings per equity certificate in the Group were NOK 27.10 in 2020

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