Bifogade filer
Norion Bank AB Interim Report January September 2023
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Finans |
| Industri | Nischbank |
Norion Bank AB publishes the interim report for the period January-September 2023.
THIRD QUARTER OF 2023 (COMPARED TO THE THIRD QUARTER OF 2022)
- The loan portfolio amounted to SEK 44,139 million (41,514)
- Total income amounted to SEK 906 million (811)
- The C/I ratio amounted to 24.5% (24.7)
- The credit loss level amounted to 2.6% (2.3)
- Operating profit amounted to SEK 405 million (373)
- Net profit amounted to SEK 321 million (295) and earnings per share amounted to SEK 1.49 (1.38)
- Return on equity amounted to 16.6% (18.7)
- The CET1 ratio amounted to 15.1% (13.5) and the total capital ratio amounted to 16.2% (14.6)
JANUARY-SEPTEMBER 2023 (COMPARED TO JANUARY-SEPTEMBER 2022)
- The loan portfolio amounted to SEK 44,139 million (41,514)
- Total income amounted to SEK 2,714 million (2,284)
- The C/I ratio amounted to 25.1% (26.3)
- The credit loss level amounted to 2.5% (2.3)
- Operating profit amounted to SEK 1,223 million (1,005)
- Net profit amounted to SEK 968 million (795) and earnings per share amounted to SEK 4.50 (3.72)
- Return on equity amounted to 17.5% (17.5)
- The CET1 ratio amounted to 15.1% (13.5) and the total capital ratio amounted to 16.2% (14.6)
SIGNIFICANT EVENTS DURING THE PERIOD
On 5 September 2023 Collector Bank AB formally changed its corporate name to Norion Bank AB.
The Swedish Financial Supervisory Authority (“Swedish FSA”) has carried out a review and evaluation of Norion Bank AB and decided upon special capital base requirements and Pillar 2 Guidance. The bank’s previous internally calculated capital requirements have been confirmed and the Swedish FSA has decided upon a Pillar 2 Guidance of 0% of the total risk exposure amount and 0.5% of the leverage ratio-based requirement.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
The Swedish FSA has granted Norion Bank AB permission to use the alternative standardised approach for calculating the own funds requirement for operational risk. The permission will strengthen the bank’s capital position. Based on Norion Bank’s figures as of 30 September 2023, the Common Equity Tier 1 ratio would have increased from 15.1% to 15.9%, compared with the regulatory requirement of 9.1%. The Tier 1 ratio and Total Capital ratio would have increased from 16.2% to 17.0%, compared with regulatory requirements of 10.8% and 13.1%, respectively. The alternative standardised approach will be applied from the fourth quarter of 2023.
CONFERENCE CALL
A conference call will be held in Swedish on 20 October 2023 at 09:00 CET, during which CEO Martin Nossman and CFO Peter Olsson will present the report. The presentation will be followed by a Q&A session. The webcast is available on the following link: https://ir.financialhearings.com/norion-bank-q3-2023. For those who whish to participate in the conference call, please register on the following link: https://conference.financialhearings.com/teleconference/?id=5009776. After registration, you will be provided a phone number and a conference ID to access the conference call.
The presentation material will be available in English and published in connection with the conference call on www.norionbank.se/en-se/investor-relations-en/financial-information/reports-and-presentations, where the recorded version of the webcast will be available afterwards.