Sparebanken Møre Group

Presentation 1st quarter 2021

Runar Sandanger

29. April 2021

1

Contents

  • Introduction and highlights
  • Outlook and Main Targets
  • Results
  • Deposits and Loans
  • Liquidity and Capital

2

  • More than 200 authorized advisors
  • 5 industry teams
  • Large specialist environment
  • 27 branch offices
  • 343 man years

High availability and strong local knowledge

Strong dedication for small and large communities

The leading bank in

our region

Nordvestlandet

NOK

81.1 billion

in Total Assets

A driving force for a sustainable region

We provide both financial support and expertise in the transition.

Inter alia::

  • Pilot project with the goal of increasing the interaction between the public sector, academia and the business community in the county in order to accelerate sustainable development
  • Sustainability measurement of municipalities: All municipalities in the county have been measured on a number of sustainability indicators in line with the UN program for smart and sustainable regional development. The result is available at the end of May
  • Center for sustainable development within land management and biodiversity at Tingvoll Ecopark received support for a three-year project to stimulate sustainable transition and development
  • Collaborative project between the bank, BRISK (work training center) and AaFK (football club) with the aim of helping young people who are not working or in education

4

Q1 2021

  • High activity gave a good start to the year
  • Stable Net Interest income and higher Other Income in the quarter
  • NOK 14 million was booked in losses in the quarter - the lowest level since before the pandemic
  • The bank is solid and has good liquidity
  • We can summarize the first quarter with increased profitability and cost efficiency

Balance growth

Lending growth was 3.9 per cent over the last 12 months. Growth in deposits was 7.7 per cent

Efficiency

Cost/Income ratio at 40.5 per cent in the quarter

Strong liquidity and solidity

Deposit to Loan ratio at 59.3 per cent, LCR at 138 and CET1 at 16.9 per cent. Leverage Ratio at 7.7 per cent

Net Interest Income

In NOK: 305 million

In per cent: 1.51

Losses

NOK 14 million in losses on loans and guarantees in Q1

Return on

Equity

Return on Equity ended at

10.4 per cent for the first quarter of 2021

5

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Disclaimer

Sparebanken Møre published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 05:10:01 UTC.