Sparebanken Vest adjusts ROE target to 13 % and revises dividend policy

22 Feb 2023 14:01 CET

Issuer

Sparebanken Vest

Based on changes in the capital adequacy regulations in addition to the bank’s
expressed ambition to be among the two best savings banks in Norway on return on
equity (ROE) over time, the Board of Directors of Sparebanken Vest has today
adopted a new target for return on equity after tax, increasing this target from
12 to 13 per cent.

The Board of Directors has also adopted a new dividend policy for the bank,
where the expressed target dividend level is changed from “up to 50 per cent” to
“approximately 50 per cent” of the equity capital certificate owners’ share of
the result.

For further information, please contact:
Jan Erik Kjerpeseth, CEO, tel.: (+47) 951 98 430
Frank Johannesen, EVP CFO, tel.: (+47) 952 65 971
Brede Borgen Kristiansen, Director Finance and Investor Relations, tel.: (+47)
479 06 402

This information is subject to a duty of disclosure pursuant to the Securities
Trading Act Section 5-12.


Source

Sparebanken Vest

Provider

Oslo Børs Newspoint

Company Name

SPAREBANKEN VEST, Spb Vest 18/PERP FRN C HYBRID, Spb Vest 18/28 FRN C SUB, Spb Vest 18/23 2,35%, Spb Vest 19/29 FRN C SUB, Spb Vest 19/24 FRN, Spb Vest 19/24 2,07%, Spb Vest 19/25 2,42%, Spb Vest 19/25 FRN, Spb Vest 20/PERP FRN C HYBRID, Spb Vest 20/26 ADJ C, Spb Vest 20/26 FRN C, Spb Vest 21/27 FRN C, Spb Vest 21/31 FRN C SUB, Spb Vest 21/PERP FRN C HYBRID, Spb Vest 21/24 FRN, Spb Vest 21/25 1.84pct NOK, Spb Vest 22/26 FRN, Spb Vest 22/26 3.515pct, Spb Vest 22/25 FRN, Spb Vest 22/25 3.60 pct, Spb Vest 22/PERP ADJ C HYBRID

ISIN

NO0006000900, NO0010819683, NO0010820228, NO0010823743, NO0010831530, NO0010837099, NO0010852221, NO0010861743, NO0010864093, NO0010872252, NO0010871270, NO0010882400, NO0010887268, NO0010890114, NO0010917107, NO0010936768, NO0011008401, NO0011032328, NO0011109597, XS2393937300, NO0011130221, NO0012490053, NO0012490061, NO0012539107, NO0012539115, NO0011204133, NO0012747106

Symbol

SVEG

Market

Oslo Børs Nordic Alternative Bond Market