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BRIEF-Skandiabanken Q4 net income jumps to NOK 149.7 mln
February 9, 2017 / 6:17 AM / 10 months ago

BRIEF-Skandiabanken Q4 net income jumps to NOK 149.7 mln

Feb 9 (Reuters) - Skandiabanken ASA:

* Q4 net interest income 309.3 million Norwegian crown versus 260.3 million crown year ago

* Q4 loan losses 13.6 million crown versus 9.1 million crown year ago

* Proposed dividend of 1.50 crown per share for 2016

* Q4 net income 149.7 million crown versus 106.0 million crown year ago

* Updated targets 2017-2019: return on equity of 14 per cent

* Updated targets for 2017-19: pay-out ratio of up to 30 per cent

* Updated targets for 2017-19: CET1 ratio of 13.5 per cent

* Updated targets for 2017-19: cost-to-income ratio of 35 per cent

* Updated targets 2017-2019: annual loan growth above 10 per cent

* Positive volume growth experienced in 2016 is expected to continue into the first quarter of 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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