Month: February 2021

Bergen, 11 February 2021. The Sbanken group generated a profit before tax of NOK 282.7 million in the fourth quarter of 2020, compared to NOK 214.1 million in the fourth quarter of 2019. Net interest income decreased by NOK 21.7 million, while net fee and commission decreased by NOK 4.0 million. Non-recurring items, relating to the part sale of Visa shares owned by VN Norge and severance pay, had a net positive effect of NOK 13.0 million. Return on equity was 12.5 per cent in the quarter.At quarter-end, customer lending totalled NOK 83.4 billion, corresponding to an annual lending growth rate of 2.4 per cent. Mortgage lending was flat from the previous quarter as healthy inflow of new customers was countered by elevated churn in lower yielding mortgages. Funds under management (FuM) increased to NOK 23.2 billion, supported by record high...

Bergen, 11. februar 2021: Sbanken fikk et resultat før skatt på 282,7 millioner kroner i fjerde kvartal 2020, sammenlignet med 214,1 millioner kroner i fjerde kvartal 2019. Netto renteinntekter ble redusert med 21,7 millioner kroner, mens netto provisjonsinntekter ble redusert med 4,0 millioner kroner. Engangseffekter relatert til salg av Visa-aksjer eiet av VN Norge og restruktureringskostnader relatert til sluttvederlag hadde en netto positiv effekt på 13,0 millioner kroner. Egenkapitalavkastningen i kvartalet ble 12,5 prosent.Ved utgangen av kvartalet utgjorde totale utlån 83,4 milliarder kroner, tilsvarende en årlig utlånsvekst på 2,4 prosent. Volumet av utlån til bolig var uendret fra forrige kvartal da god tilstrømming av nye kunder ble motvirket av et høyere enn normalt avgangsnivå for utlån med lav margin. Fondssparing økte til...

Sales from continuing operations decreased by 5 % in local currency to CHF 3.860 billionEBITDA margin preserved at 15.0 % in a challenging environment compared to a comparable EBITDA margin of 15.7 % in 2019Net result for the total Group at CHF 799 millionStrong cash conversion to an operating cash flow of CHF 369 millionProposed nonrecurring regular distribution of CHF 0.70 per share, taking into consideration the performance of 2019 and 2020Outlook: Q1 2021 will still be negatively impacted by the COVID-19 pandemic; focus on pandemic mitigation and transformation of portfolio to achieve above-market growth and higher profitability            “In 2020, Clariant has successfully weathered the effects of the COVID-19 pandemic due to our resilient portfolio and successful execution of our performance improvement programs,” said Conrad Keijzer,...

Please find the fourth quarter report for Sbanken Boligkreditt AS enclosed.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActAttachmentSbanken Boligkreditt AS – Q4 2020 Report

COMMENTARY FROM MANAGEMENTMerko Ehitus posted revenue of approximately EUR 106 million for the fourth quarter of 2020, while total revenue for the whole year was EUR 316 million. The group’s fourth quarter 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management board proposes to pay shareholders one euro per share in dividends.The management is satisfied with the results of 2020 and thanks all the group’s employees for their good work, especially considering the restrictions due to the pandemic. The group earned more than half of the profit outside Estonia and primarily from apartment development. The sale of many apartment developments that had previously been launched was realized in 2020, and as a result a total...

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