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Håkon Astrup
- Håkon Astrup
The proven challenger
Skandiabanken continued to report profitable growth in Q2, with an ROE of 12.4% and 4.6% higher lending volumes QOQ. We expect margins to pick up in H2 2017 following the rate adjustment effective from mid-August. We have raised our 2018–2019e EPS by 2–4% after factoring in this rate increase. We reiterate our BUY recommendation and have raised our target price from NOK89 to NOK96.
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