Lea bank ASA reports Q4 profit before tax of NOK 29.7 million

13 Feb 2025 07:30 CET

Lea bank ASA reported a profit before tax of NOK 29.7 million for Q4 2024. Gross
loans amounted to NOK 7,656 million, compared to NOK 6,913 million last year.
Equity at the end of the quarter was NOK 1,490 million.

This will be the last quarter reporting as a Norwegian bank. According to CEO
Oddbjørn Berentsen, the team of Lea Bank is exited to build Lea Bank 2.0 as a
digital niche bank with headquarters in Sweden. We look forward to explore new
strategic opportunities, says Berentsen.

Highlights of Q4 2024:

Profit before tax NOK 29.7 million (after tax NOK 22.3 million)

Net interest income of NOK 136.8 million

Gross loan portfolio of NOK 7.7 billion

Cost-income ratio (C/I) of 35.3%

Book equity per share of NOK 15.02

Targets going forward for Lea Bank AB:

· Return on equity > 15%
· Cost / income < 30%
· Attractive dividend payments

Lea Bank will present the results for the 4[th] quarter of 2024 today at 09:30
AM.

The presentation will be held through a Webcast with CEO Oddbjørn Berentsen, CFO
Gard Haugen and Chief of Credit Risk Christian Svendsen. It will be possible to
submit questions during the presentation.

To participate in the Webcast, please click on the following link:

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Contact information:

Oddbjørn Berentsen, CEO

Tel: +46 8 509 285 00

Email: ir@leabank.se

More information:
Access the news on Oslo Bors NewsWeb site

638528_Q4_2024_Results_Presentation.pdf
638528_Q4_2024_Report.pdf