New financial targets for Resurs Holding
The Board of Resurs Holding has decided on new medium term capital and financial targets for the company.
The Financial targets include:
- Maintain a Core Tier 1 ratio of above 12.5% and a Total Capital Ratio of above 14.5%
- Maintain annual loan growth of around 10%
- Decrease the Bank’s Cost Income Ratio towards 40%
- Achieve a Return on Tangible Equity of around 30%
For more information, please contact;
Gunilla Wikman, Investor Relations manager, email@example.com; +46707638125
About Resurs Holding
The Resurs Group, which operates through its subsidiaries Resurs Bank and Solid Insurance, is the leading retail finance bank in the Nordic region, providing payment solutions, consumer loans and niche insurance products. Resurs has, since the foundation in 1977, established a base of more than 1,000 retail partners with more than 30,000 stores. As a result, Resurs has created a customer base of approximately 5 million customers in the Nordic region. Resurs Bank has had a banking license since 2001 and is subject to the supervision of the Swedish Financial Supervisory Authority. The Resurs Group has operations in Sweden, Denmark, Norway and Finland. At the end of 2014, the Resurs Group had approximately 680 employees and a total loan portfolio of approximately SEK 14 billion.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, such as no changes in existing political, legal, fiscal, market or economic conditions or in applicable legislation, regulations or rules (including, but not limited to, accounting policies, accounting treatments and tax policies), which, individually or in the aggregate, would be material to the results of operations of the Resurs Group or its ability to operate its banking and insurance businesses. Although Resurs Holding believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. In addition, the information, opinions and forward-looking statements contained in this announcement are not guarantees of future financial performance and the actual results of Resurs Holding could differ materially from those expressed or implied by these forward-looking statements. Accordingly, Resurs Holding urges readers not to place undue reliance on any of the statements set forth above. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.