Q2/20 EPS came in at NOK 3.06, 275%/125% above ARCe/consensus
Impairments roughly half our estimate at NOK 2.1bn in Q2
Stage 3 provisions within the oil, gas and offshore segment primary driver
CET1 of 18.2% versus our 17.4% estimate (19.4% including ‘19 DPS)
13 Jul 2020
A solid Q2 report that should support recovery
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A solid Q2 report that should support recovery
Q2/20 EPS came in at NOK 3.06, 275%/125% above ARCe/consensus
Impairments roughly half our estimate at NOK 2.1bn in Q2
Stage 3 provisions within the oil, gas and offshore segment primary driver
CET1 of 18.2% versus our 17.4% estimate (19.4% including ‘19 DPS)