Q4 Earnings per EC of NOK 3.7 vs ARCe/Cons 3.8/3.7. Q4 reported ROE 11.5%Proposes a FY24 DPS of NOK 10.3 vs ARCe/Cons 9.5CET 1 ratio 16.8% (70 bps headroom) which is sligthly below ARCe/Cons at 17.0%Stronger NII offset by higher costs and loan lossesOverall a decent report, but not enough to lift the share today in our view
