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BankNordik

BankNordik

DKKm 2020 2021e 2022e
Total Income 387 401 437
Total operating costs -238 -238 -232
Operating profit 152 268 228
EPS Adj 16,81 15,82 19,44
EPS adj growth (%) -25,6 -5,8 22,9
BVPS 237,94 208,34 218,75
NAVPS 237,69 208,08 218,46
DPS 5 58,73 9,67
ROE (%) 7,6 10,4 9,4
RONAV (%) 7,4 7,2 9,2
C/I (%) 63 61,2 52,9
Loan losses (%) -0,07 -0,38 -0,19
CET1 ratio (%) 22,6 27 25,4
P/E Adj (x) 9 11,2 9,1
P/BV (x) 0,64 0,85 0,81
P/NAV (x) 0,64 0,85 0,81
Dividend yield (%) 3,3 33,3 5,5
DKKm 2020 2021e 2022e
Net interest income 258 269 278
Net commission income 60 72 75
Trading income 0 0 0
Insurance income 45 33 58
Other operating income 24 27 26
Total income 387 401 437
Personnel costs -238 -238 -232
Other operating costs -1 0 0
Total operating costs -238 -238 -232
Profit before loan losses 149 163 205
Loan losses 5,24 29 15
Investment portfolio -2 -6 8
Other items 0 82 0
Operating profit 152 268 228
Tax -40 -56 -43
Other items after tax 54 9 0
Net profit 166 221 185
Tax rate (%) -26,4 -21 -19
EPS 17,44 23,16 20,1
Net Profit Adj 161 152 180
EPS Adj 16,81 15,82 19,44
Key balance sheet data 2020 0 0
Net lending 7608 7700 7982
Goodwill and intangibles 2 2 2
Total assets 17290 12099 12382
Shareholders equity 2271 1988 1932
Net asset value 2269 1986 1929
Capital adequacy 2020 0 0
Tier 1 Capital, excl.hybrids 2206 1873 1834
Tier 1 Capital, reported 2357 2027 1988
Capital base 2581 2126 2088
Risk exposure amount (BIS II) 9774 6961 7233
Asset quality 2020 0 0
Problem loans, gross 671 527 537
Provisions for problem loans -469 -322 -316
Problem loans, net 202 205 222
Key figures N/A N/A N/A
Profitability 2020 2021 2022
Net interest margin (%) 1,5 1,8 2,3
ROE (%) 7,6 10,4 9,4
RONAV (%) 7,4 7,2 9,2
ROREA (%) 1,6 2,6 2,6
Cost efficiency 2020 0 0
Cost / income Core (%) 63 61,2 52,9
Costs / assets Core (%) 1,34 1,62 1,9
Financial position 2020 0 0
Net lending / deposits (%) 98,4 100,7 104,4
REA / assets (%) 56,5 57,5 58,4
Common equity tier 1 ratio (%) 22,6 27 25,4
Tier 1 ratio, reported (%) 24,1 29,1 27,5
Capital adequacy (%) 26,4 30,5 28,9
Equity ratio Core (%) 12,8 15,5 14,8
Asset quality 2019 0 0
Problem loans, gross / lending (%) 7,9 6,2 6,1
Problem loans, net / lending (%) 2,7 2,7 2,8
Provision ratio (%) 69,9 61,2 58,8
Loan losses, net / lending (%) -0,1 -0,4 -0,2