Norion Bank’s results for the first quarter of 2025 exceeds market expectations

MAR

(Figures within parentheses refer to the first quarter of 2024)
 
Norion Bank AB (“Norion Bank”) does not recognize interest income from loans where borrowers have been placed in Stage 3 until actual payments have been received. Such payments amounting to approximately SEK 140 million, which are attributable to Norion Bank’s Real Estate segment, have been received during the first quarter of 2025.
 
- I am pleased that our real estate clients, who historically have experienced payment challenges and therefore been placed in Stage 3, now have been able to pay their accrued interest, says Martin Nossman, CEO, Norion Bank.
 
Total income is estimated to amount to approximately SEK 1,010-1,020 million (933) and operating profit to approximately SEK 510-520 million (417) for the first quarter of 2025.
 
The report for the first quarter of 2025 will be published on 24 April 2025.

Datum 2025-04-10, kl 10:15
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