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Pareto Bank ASA Achieves Record Profit in 2024 Amid Strong Loan Growth

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Pareto Bank ASA Achieves Record Profit in 2024 Amid Strong Loan Growth

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Pareto Bank ASA ( (DE:8PB) ) just unveiled an announcement.

Pareto Bank ASA reported a record net profit after tax of NOK 687.3 million for 2024, with a significant boost in loan growth, particularly in corporate loans and housing development. While the bank experienced increased impairments and loan losses, it maintained high operational efficiency and a strong loss-absorbing capacity, proposing a dividend of NOK 4.15 per share.

More about Pareto Bank ASA

Pareto Bank ASA operates in the financial services industry, primarily focusing on providing banking services such as loans and financial instruments. The bank has a strong market presence in corporate loans and housing development finance.

YTD Price Performance: 2.45%

Average Trading Volume: 444

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €458.2M

See more data about 8PB stock on TipRanks’ Stock Analysis page.

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