Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Finans |
Industri | Nischbank |
2023-08-10 07:00:00
Morrow Bank continues to strengthen its operational efficiency and delivered
solid results in the second quarter. To maintain a healthy balance between
growth and credit risk, the Bank will reduce the growth pace in the near term
and continue to adjust credit policies in response to a more challenging
macroeconomic environment. The outlook for Nordic consumer finance remains
favourable in the medium- to long-term, and the Bank continues to deliver on its
improvement efforts targeting to produce an annual growth rate of around 10% and
a return on target equity above 12%.
Highlights of the quarter:
Solid growth and stable net yield
3% loan balance growth vs. Q1 (15% growth YTD)
Stable net yield