Resurs Bank Interim Report January-June 2023
The first half year of 2023 involved a number of significant events. We delivered the first customer release of our new banking system, we initiated and extended important partner business and credit losses declined compared with the first months of the year. We continue to see healthy demand for our products and lending increased 15 per cent, or 12 per cent in constant currencies. At the same time, the NBI margin was stable compared with last year. Nils Carlsson, CEO Resurs Bank AB
1 january – 30 june 2023*
· Lending to the public rose 15% to SEK 39,604 million, up 12% in constant currencies.
· Operating income increased 12% to SEK 1,720 million.
· C/I before credit losses amounted to 40.6% (44.8%, excluding nonrecurring cost 2022 41.5%).
· Profit before credit losses and excluding nonrecurring cost 2022 increased 13% to SEK 1,022 million (902).
· The credit loss ratio amounted to 2.9% (2.1%).
· Operating profit fell 5% to SEK 473 million, excluding nonrecurring cost 2022 the decrease was 13%.
* Certain performance measures provided in this section have not been prepared in accordance with IFRS or the capital adequacy rules, meaning that they are alternative performance measures. Calculations and reconciliation against information in the financial statements of these performance measures are provided on the website under “Financial reports.” Definitions of performance measures are provided on page 31.
