Q2 Earnings per EC of NOK 4.1 vs ARCe/Cons 4.6/4.0. Q2 reported ROE 14.2%Revenues in line with ARCe, 6% above cons. Opex growth on the high side againIncreases ROE target to >13% (>12%), dividend policy revised to at least 50% pay-outQ2 result in isolation a bit soft in our view, but new targets should be well received
