Aasen Sparebank (AASB) Q4 2024 earnings summary

Executive summary

• Result after tax reached 79 MNOK for 2024, reflecting solid growth and profitability.

• Return on equity (ROE) was 10.1% as of 31.12.2024, supported by portfolio growth and strategic investments.

• The bank maintains a strong local presence and continues to gain market share in a growing region.

• Stable credit risk and low loan losses contributed to positive results.

• Strategic alliances and sustainability initiatives underpin long-term development.

Financial highlights

• Net income after tax: 79 MNOK for 2024.

• ROE: 10.1% as of 31.12.2024.

• Cost/income ratio: 44.6% at year-end.

• Lending growth (incl. mortgage credit): 9.6% year-over-year.

• Business capital: 8.6 BNOK.

Outlook and guidance

• Continued focus on sustainable growth and strengthening market position.

• Ongoing investments in staff and digital solutions to meet regulatory and customer demands.

• Board proposes a dividend payout ratio of 79% for equity certificate holders.

• 51 MNOK allocated for future growth and development.