Outlook and risks
Outlook for 2019
The continued low interest rate environment and decreased income from previously unwound interest-rate hedges (2012) will still have a negative impact on the total net interest income 2019. The uncertainty regarding the future economic development brings uncertainty to the prognosis, which may have a considerable effect especially on the income from wealth management and investment activities in the net commission income and net income from life-insurance.
Impairment of credits are expected to remain on a low level in 2019.
Despite the uncertainty of the economic development, the comparable operating profit 2019 is expected to be approximately on the same level as for 2018.
Financial objectives 2022
- Improve the comparable operating profit to approximately EUR 80 million
- Improve the comparable cost-to-income ratio to 0.61
- Improve Return on Equity (ROE) to 9.7 %
- Common Equity Tier 1 capital ratio (CET 1) 1.5–3 percentage points over regulatory requirements