Sparebanken Vest (0G67) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome everyone to the forecast presentation for the fourth quarter of 2024 for Sparbank Invest. This is the last year. We want to announce the annual figures for Sparbank Invest. We are looking forward to what will be our next chapter, which is to build Sparbank Norway together with good people in Sparbank Sør. If you have any questions, send them to this email address and we will try to answer as many of them as possible after this first round of our annual talks for 2024. If we start by looking at the overall financial goals for the bank for 2024. One-capital spending of over 13%, dividend rate of around 50%, a net net capital of 16.05% and a cost percentage of under 30%, we deliver in 2024 on all these goals and partly on some of the goals with good margin. We have a one-capital spending of 20.1% in 2024. We have a division rate of a little over 50%. We have a solid capital position of 17.7% and we delivered a very good cost of income in 2024 at 24.8%. This means that over time we are at the forefront of Norwegian banks when it comes to one-capital transfer. Here we have taken the figures from 2012 to the third quarter of 2024, since we do not have all the figures for all banks yet for the fourth quarter. But as you can see, we are at the forefront when it comes to one-capital transfer in the Norwegian market throughout this period, if you see this period as one. We have a statement from the board. When it comes to the allocation of the fiscal year 2024, as you can see in this picture, the exchange rate is at just under 4.5 billion kroner. We have an equity break of 40.7 and 59.3. It was 40.6 before the merger with Etne. A little up on the equity capital to 40.7 with that merger. You can see that the equity capital has 1.8 billion, slightly above that, of...