Since the end of 2019 the bank has executed on a number of strategic changes in order to streamline and focus on core business. The changes imply that Norion Bank today is a company with a clear focus on profitability over volume growth to ensure long-term customer benefits and thereby shareholder value. Norion Bank’s strategy is to maintain good risk adjusted profitability. In line with this strategy, the Board of Norion Bank has adopted the following financial targets:

Profitability
Norion Bank aims to achieve a sustainable return on equity above 15% over time.

Capital adequacy
Norion Bank’s aim is that all capital ratios shall exceed the regulatory requirement by 200-400 basis points.

Dividend policy
Norion Bank’s policy is to distribute potential surplus capital in relation to the capital adequacy target, subject to the bank’s future outlook and capital planning, to its shareholders.

– It is crucial to maintain good profitability in order to further develop a stable bank. Our new financial targets reflect the strategic transformation that Norion Bank has carried out during recent years where we have streamlined the business and changed focus from growth to profitability within all our business areas, says Martin Nossman, CEO of Norion Bank.

CEO Martin Nossman and CFO Peter Olsson will go through the new financial targets during the conference call in connection with the year-end report for 2023 which will be held at 10:30 CET on 7 February 2024.