Financial targets

Resurs Holding’s mid-term financial targets are:

  • Annual lending growth of more than 10%
  • Risk-adjusted NBI margin in line with recent years, about 10-12%
  • C/I before credit losses, excluding Insurance and adjusted for nonrecurring costs, of under 40%
  • Return on tangible equity RoTE adjusted for nonrecurring costs, given a 12.5% Common Equity Tier 1 ratio, of about 30%.
  • Common Equity Tier 1 ratio of more than 12.5% and a total capital ratio of more than 15%
  • Payout ratio – a dividend of at least 50% of the Group’s net profit for the year

These targets do not include any effects of IFRS 9 since the implementation of the rules is as yet uncertain.

However, this will not result in any changes in the key ratios reported by the company, for example credit losses.