Resurs : to hold Capital Market Day and present new financial targets. The subsidiary Resurs Bank will also dissolve the extra credit provision of SEK 75 million.

0
81

Resurs Holding today presents new financial targets for the Group. At the Capital Market Day tomorrow, some of the members of Resurs Holding’s management team will provide greater insight into the company’s operations, strategy and new financial targets.

Resurs Holding’s new financial targets from 2022 are:

  • Growth in earnings per share of at least 10 per cent per year. Growth in earnings per share is the overall financial target because Resurs believes that strong profit growth per share is the best measure of creating shareholder value over time
  • A C/I ratio before credit losses under 35 per cent excluding Insurance in the mid-term
  • Maintain a Common Equity Tier 1 ratio and total capital ratio that exceed the statutory requirement (including Pillar 2 and buffer requirement) by 150 – 300 points
  • Annually distribute 50 per cent of net profit to shareholders through dividends and/or repurchase of shares

“By establishing an overall target for…

Read more…