Sparebanken Møre Group
Presentation 1st quarter 2021
Runar Sandanger | 29. April 2021 |
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Contents
- Introduction and highlights
- Outlook and Main Targets
- Results
- Deposits and Loans
- Liquidity and Capital
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- 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
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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
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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.