Sparebanken Vest (0G67) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.161 A warm welcome everyone to the forecast presentation for the fourth quarter of 2024 for 00:00:05.161 -- 00:00:10.090 Sparbank Invest. This is the last year. We want to announce the annual figures for Sparbank 00:00:10.090 -- 00:00:14.458 Invest. We are looking forward to what will be our next chapter, which is to build Sparbank 00:00:14.458 -- 00:00:18.762 Norway together with good people in Sparbank Sør. 00:00:18.762 -- 00:00:23.175 If you have any questions, send them to this email address and we will try to answer 00:00:23.175 -- 00:00:28.430 as many of them as possible after this first round of our annual 00:00:28.430 -- 00:00:31.995 talks for 2024. 00:00:33.022 -- 00:00:38.288 If we start by looking at the overall financial goals for the bank for 2024. 00:00:38.288 -- 00:00:43.335 One-capital spending of over 13%, dividend rate of around 50%, 00:00:43.335 -- 00:00:48.441 a net net capital of 16.05% and a cost percentage of under 00:00:48.441 -- 00:00:53.407 30%, we deliver in 2024 on all these goals and partly on some of the goals with good 00:00:53.407 -- 00:00:57.592 margin. We have a one-capital spending of 20.1% in 2024. 00:00:57.592 -- 00:01:00.940 We have a division rate of a little over 50%. 00:01:00.940 -- 00:01:05.971 We have a solid capital position of 17.7% and we delivered a very good 00:01:05.971 -- 00:01:11.981 cost of income in 2024 at 24.8%. 00:01:13.032 -- 00:01:17.618 This means that over time we are at the forefront of Norwegian banks when it comes to 00:01:17.618 -- 00:01:21.743 one-capital transfer. Here we have taken the figures from 2012 to the third quarter of 00:01:21.743 -- 00:01:27.169 2024, since we do not have all the figures for all banks yet for the fourth quarter. 00:01:27.169 -- 00:01:31.034 Bu...