Lea bank ASA reports 2023 profit before tax of 140.1 MNOK and proposes a dividend of 52.4 MNOK
Highlights 2023:
- Profit before tax of 140.1 MNOK
- Dividend 52.4 MNOK (NOK 0.55 per share)
- Successful launch of lending product in Spain and savings products in Sweden
- Loan growth of 626 MNOK
- Cost to income ratio of 28.9%
Financial figures for 2023:
- Profit before tax of 140.1 MNOK, after tax 106.2 MNOK
- Gross loans of 6 913 MNOK
- Customer deposits of 6 239 MNOK
- Equity of 1 404 MNOK (after dividend accrual)
- CET1 ratio of 20.18% (after dividend accrual)
- Book value per share of 14.17 NOK
Focus areas 2024:
- Continuing to navigate through an uncertain macroeconomic environment
- Close monitoring of customer behaviour and continued support of customers through temporary challenges
- Utilize the bank’s market presence, within 4 markets, to optimize capital allocation and develop more diversified funding capabilities
- Prepare redomiciliation of the bank
- Prepare for listing on Nasdaq Stockholm
The bank has delivered positive results every quarter since Q1 2017 and has generated a pre-tax profit in this period of around 750 MNOK. Over the past three years, Lea Bank has paid out 186 MNOK in dividends to shareholders (NOK 1.96 per share) with a dividend yield of 6.7%, 9.2% and 7.1% in 2021, 2022 and 2023, respectively (2023 depending on approval from the General Meeting), says CEO Oddbjørn Berentsen.
Contact information:
Oddbjørn Berentsen, CEO
Phone: +47 22 99 14 00
Emai: [email protected]
