Sparebank 1 Nord-norge · OSL:NONG

Sparebank 1 Nord-norge — Q4 2024 Earnings Presentation

54 slides from Sparebank 1 Nord-norge's earnings presentation, Feb 13, 2025

  1. Slide 1: Quarterly Report 4Q 2024

    Quarterly Report 4Q 2024 February 13th 2025 CEO Hanne Karoline Kræmer CFO Bengt Olsen

  2. Slide 2: Outlook, Financial status, Appendix

    2 Outlook 3 Financial status 4 Appendix SpareBank NORD-NORGE

  3. Slide 3: The Obvious Choice for People and Businesses!

    The Obvious Choice for People and Businesses!

  4. Slide 4: Highlights 2024

    Highlights 2024 Pre-tax profitt ROE 4 512 MNOK (3 273) 21.8 % (16.4) CET1 ratio C/l ratio Losses 16.8 % (17.1) 30.2 % (35.0) 110 MNOK (116) SpareBank NORD-NORGE

  5. Slide 5: Financial Results

    Financial Results CET1 ratio Return on equity capital Cost/income Group 187% 2021 175% 17.2% | 73% 171% sg gw 2019 ©2020 2022 2023 «3112.24 18.8% 181% 12.6% 2020 2021 164% 119% 2022 ©2023 218% 3112.24 39.8% 40.0% 406% 403% 35.0% 30.2% 2019 2020 2021 2022 © 2023 31.12.24 SpareBank NORD-NORGE

  6. Slide 6: Subsidiaries – Earnings Before Tax

    Subsidiaries – Earnings Before Tax

  7. Slide 7: Highlights Outlook Financial status Appendix

    1 Highlights 6 Outlook 3 Financial status 4 Appendix SpareBank 4. NORD-NORGE

  8. Slide 8: Norway’s best customer service is found here with us!

    Norway’s best customer service is found here with us!

  9. Slide 9: Strong lending growth over time

    Strong lending growth over time Lending growth SNN 12 months Norwegian credit growth 12 months Difference

  10. Slide 10: Composition of the Group’s income

    Composition of the Group’s income SNN SB1 Gruppen

  11. Slide 11: Strong households and solid corporates

    Strong households and solid corporates Norway 2024 Northern 2023 Norway 2022 2021 2020

  12. Slide 12: Status and Outlook in Northern Norway

    Status and Outlook in Northern Norway

  13. Slide 13: Reorganization in the management

    Reorganization in the management CEO Hanne Karoline Kræmer CFO CRO Bengt Olsen Marius Nilsen Organisation and CIO Business Support Birgitte Nygård Vibe Stein Vidar Loftås Corporate Banking Personal Banking Trude Glad Bjørn Bardal (acting)

  14. Slide 14: Best average ROE in the Nordics over the last 10 years!

    Best average ROE in the Nordics over the last 10 years!

  15. Slide 15: Ambitions for Lending Growth and Market Share

    Ambitions for Lending Growth and Market Share Expected lending growth for SpareBank 1 Nord-Norge in 2025 Retail market: 5-8 % Corporate market: 4-7 % The Group is well capitalized. Underlying market growth is lower than in many years, but the region is well positioned compared to the rest of the cou

  16. Slide 16: Highlights Outlook Financial status Appendix

    1 Highlights 2 Outlook e Financial status 4 Appendix SpareBank 4. NORD-NORGE

  17. Slide 17: Group Financial Highlights and Key Figures

    Group Financial Highlights and Key Figures

  18. Slide 18: Quarterly Development

    Quarterly Development CET1 ratio Return on equity capital Cost/income Group 321% 176% 174% 173% 166% 70% 168% 368% 36.2% 352% 33.2% 318% 18.8% 18.9% 18.9% 78% 23.0% [ : 3Q23 4Q23,- 1924 «2024 «3024 AQ24 3Q23 4Q23.- 1924 «= 2024. 3Q24.4Q24 3Q23-4Q23.- 1024-2024 «= 3Q24 AQ 24 SpareBank NORD-NORGE

  19. Slide 19: Strong Capital Base

    Strong Capital Base CET1 Pillar 1 P2R Buffer req P2G min.requirement

  20. Slide 20: Earnings Before Tax - Last Quarter

    Earnings Before Tax - Last Quarter (Amounts in NOK million)

  21. Slide 21: Net Interest Income

    (Amounts in NOK million) Net Interest Income

  22. Slide 22: Low Losses

    Low Losses Net losses in % of gross Net losses lending incl. interm. loans (Amount in NOK million) Corporate Retail

  23. Slide 23: Development in Net Interest Income

    Development in Net Interest Income Net interest in % of average assets NII

  24. Slide 24: Lending Growth

    Lending Growth Retail Corporate

  25. Slide 25: Retail Market

    Retail Market Retail (excl. Commission loans Com.loans

  26. Slide 26: Corporate Banking

    Corporate Banking Lending growth Development in lending margin (iso) (ox) 25% 25% 25% 26% 43.6% . 3923 4923 1924 2Q24 3Q24 4024 50,615 51.415 52,699 Lending growth (12 mth) 15.5% 3923 4Q23 1924 2Q24 3Q24 4Q24 38% 2923 3Q23 4Q23 1924 2924 3Q24 4Q24 SpareBank NORD-NORGE

  27. Slide 27: Deposit Growth

    Deposit Growth Retail Market Corporate Banking Public sector Ponen 43,438 46,020 2esi2 31,037 (am) 12/31/2022 12/31/2023 12/31/2024 12/31/2022 12/31/2023 12/31/2024 12/31/2022 12/31/2023 12/31/2024 Gross deposits SpareBank NORD-NORGE

  28. Slide 28: Development in Deposit Margins

    Development in Deposit Margins Retail Corporate

  29. Slide 29: Notice of correction order from the FSA

    Notice of correction order from the FSA • The Financial Supervisory Authority of Norway has issued a notice to SNN regarding the correction of the financial statements for 2022 and 2023. • SNN disagrees with the Financial Supervisory Authority's assessment of the legal basis for such an order and ha

  30. Slide 30: Solid operations yields results – proposed dividend

    Solid operations yields results – proposed dividend CET1 Capital target Dividend (NOK) Div.yield

  31. Slide 31: Long Term Financial Targets

    Long Term Financial Targets < 40 % C/I ratio > 13 % > 50 % ROE Dividend payout ratio 15,8 % CET1 ratio

  32. Slide 32: Financial Outlook

    Financial Outlook CET1 Ratio Cost/income Pay out ratio The fact that Norges Bank's key policy rate has remained stable throughout 2024 has contributed to Sparebank 1 Nord-Norge (SNN) maintaining its deposit margin and net interest income despite increasingly tough price competition on mortgages.A co

  33. Slide 33: Why Invest in SpareBank 1 Nord-Norge

    Why Invest in SpareBank 1 Nord-Norge

  34. Slide 34: Contacts

    Contacts Management Hanne Karoline Kræmer CEO +47 414 70 483 Hanne.karoline.kramer@sn n.no Bengt Olsen CFO +47 975 89 560 bengt.olsen@snn.no Investor Relations Terje Karlstad Investor Relations +47 411 22 220 terje.karlstad@snn.no

  35. Slide 35: Highlights Outlook Financial status Appendix

    1 Highlights 2 Outlook 3 Financial status 4) Appendix SpareBank 4. NORD-NORGE

  36. Slide 36: A Solid Bank For Northern Norway

    A Solid Bank For Northern Norway

  37. Slide 37: Development in Lending Margins

    Development in Lending Margins Corporate Retail

  38. Slide 38: Company Structure

    Company Structure SpareBank 1 SpareBank 1 Finans Nord- EiendomsMegler 1 Nord- SpareBank 1 Gruppen AS SpareBank 1 Boligkreditt AS 19.50 % | Financial services 16.21 % | Covered bond company Næringskreditt AS Norge AS Norge AS 0.58 % | Covered bond company 85 % | Loan/consumer finance/leasing 85 % | R

  39. Slide 39: Geographical Distribution of Ownership

    Geographical Distribution of Ownership Foreign holders Other Norwegian holders Holders residing in Northern Norway

  40. Slide 40: The 20 Largest EC Holders

    The 20 Largest EC Holders EC Holders Number of ECs ~ Share of EC Capital ‘Skandinaviska Enskilda Banken AB 5.3M 5.2% Pareto Aksje Norge Verdipapirfond 48M 48% Verdipapirfond Eika Egenkapitalbevis 43% Geveran Trading Company Ltd 3.8% Kommunal Landspensjonskasse Gjensidige 34% MP Pensjonskasse 24% Bro

  41. Slide 41: Cost Development

    Cost Development Cost/income Group Group operating costs (Amounts in NOK million)

  42. Slide 42: Operating Expenses

    (Amounts in NOK million) Operating Expenses

  43. Slide 43: Net Fee- and Other Operating Income

    Net Fee- and Other Operating Income

  44. Slide 44: Risk Exposure

    Risk Exposure 1,8% Non- performing /impaired High risk Medium risk Low risk

  45. Slide 45: Changes in Exposure last 12 Months

    Changes in Exposure last 12 Months Non- (Beløp i mill kroner) performing /impaired High risk Medium risk Low risk

  46. Slide 46: Exposure Distributed by Size

    Exposure Distributed by Size* 31.12.2023 31.12.2024 *) Incl. parent bank, SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt

  47. Slide 47: LTV Mortgage Loans

    LTV Mortgage Loans 31.12.2023 31.12.2024

  48. Slide 48: Diversified Portfolio in Commercial Real Estate

    Diversified Portfolio in Commercial Real Estate

  49. Slide 49: Loan Losses

    Loan Losses G ’ bond companies Commitments in step 3: 1.54 % of total exposure. Expected loss share: 21.43 % Commitments in step 2: 13.80 % of total exposure. Expected loss share: 2.22 % Commitments in step 1: 84.66 % of total exposure. Expected loss share: 0.13 %

  50. Slide 50: The Lending Portfolio

    The Lending Portfolio* *) Incl. SpareBank 1 Boligkreditt

  51. Slide 51: Funding

    Funding NOK 23,066 mill in capital market funding exclusive of SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt is important funding sources. In total NOK 47,840 mill had been transferred as of 31.12.24 Amount of gross maturities of capi

  52. Slide 52: SpareBank 1 Alliance

    SpareBank 1 Alliance • The SpareBank 1-alliance consists of 13 banks SpareBank 1 Nord-Norge • Operate exclusively in Norway (Tromsø) • ’ most extensive branch network with approx. 350 branches SpareBank 1 Helgeland • The alliance is in the forefront of (Mo i Rana) incorporating technological innovat

  53. Slide 53: SpareBank 1 Alliance companies

    SpareBank 1 Alliance SpareBank 1 SMN SpareBank 1 SR-Bank SpareBank 1 Samspar SpareBank 1 LO Nord-Norge Østlandet SpareBank 1 BN Bank SpareBank 1 SpareBank 1 Gruppen SpareBank 1 Alliance Markets Boligkreditt SpareBank 1 Kredittbanken AS SpareBank 1 SpareBank 1 Fremtind Kredinor Mobilitet Næringskredi

  54. Slide 54: Slide 54

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