MyBank ASA reported a 2.1% ROE in Q1 2023 and an underlying ROE of 3.7% in the quarter. The net profit was MNOK 1.3 (MNOK 11.0 in Q1 2022) and the underlying net profit was MNOK 3.7 (MNOK 12.8 in Q1 2022). Net interest income for the quarter was MNOK 16.9, a decrease of 36.4% from MNOK 26.6 in Q1 2022. The bank reported a capital ratio of 23.6%, a decrease from 24.7% in Q1 2022, mainly due to increased loan loss provisions and non-recurring items.

MyBank carried out an equity share issue of MNOK  35 on April 26th. The shares are issued in April and ensure that the bank no longer will be in breach of its capital requirement as of April.