Aankondiging • May 04
EQB Inc. to Report Q2, 2026 Results on May 27, 2026 EQB Inc. announced that they will report Q2, 2026 results After-Market on May 27, 2026 Aankondiging • Apr 09
Eqb Inc. Announces Board Appointments EQB Inc. announced the election of Joanne Ferstman and John Sullivan as directors in the management information circular dated February 25, 2026, as directors of EQB at the annual general meeting (the "Meeting") of shareholders held on April 8, 2026. Aankondiging • Mar 27
Eqb Inc. Announces Executive Changes EQB Inc. announces Daniel Rethazy's appointment as Executive Vice President, Personal Banking. Mr. Rethazy brings deep experience in Canadian Banking to EQB that will accelerate momentum and unlock a new era of growth for the company's Personal Banking franchise, delivering a more competitive and rewarding banking experience, and a stronger and more resilient banking industry for all Canadians. In his new role effective April 6, 2026, Mr. Rethazy will shape a unified and integrated Personal Banking business. It will bring together residential lending, featuring single-family residential lending and reverse mortgages – one of EQB's largest drivers of growth, retail and broker deposits – and its award-winning EQ Bank digital platform that has transformed how Canadian families and small businesses save, spend and earn. Subject to EQB's announced agreement* to acquire PC Financial securing required regulatory approvals, he will also oversee these incoming products, distribution channels and loyalty strategy as it becomes a cornerstone of EQ Bank Personal Banking. This includes managing the long-term strategic relationship with Loblaw Companies Limited for EQ Bank to be the exclusive banking partner for the PC Optimum™ program. Mr. Rethazy brings nearly twenty years of leadership experience across two of Canada's largest financial institutions, with a proven track record of building and leading successful businesses as well as large distribution and operational teams. He is joining EQB from CIBC where he served as Executive Vice President, Enterprise Capabilities and Organizational Agility. Prior to that role, Mr. Rethazy served as Senior Vice President of CIBC's Personal Lending and Insurance businesses in Canada, one of the largest consumer lending operations in the country, where he steered their residential mortgage business and growth strategy. His track record reflects an ability to scale core businesses and execute multi-year transformation agendas with deep operational rigor. Earlier in his career, Mr. Rethazy held progressively senior leadership roles at TD Bank across Wealth, Canadian Banking and Direct Channels. He also served as Associate Principal at McKinsey & Company prior to joining TD Bank, advising global institutions on strategy, operational turnarounds and new business building. Mr. Rethazy holds an MBA from Harvard Business School. Mr. Rethazy's appointment is complemented by key enhancements to EQB's executive leadership team that further reflect the company's growing scale and ambition. Anilisa Sainani will step into the elevated role of EVP and CFO, expanding her mandate to include leadership of the Treasury function – a critical pillar as EQB accelerates its funding capabilities. Darren Lorimer will be elevated to the role of EVP, Commercial Banking, Marlene Lenarduzzi as EVP and Chief Risk Officer, and Gavin Stanley as EVP and Chief Human Resources Officer. Dipti Patel, Senior Vice President and Chief Credit Officer, will join the broader executive leadership team, underscoring the growing importance of strong, independent risk oversight as the organization continues to scale and increase in complexity. Aankondiging • Feb 26
EQB Inc. Declares Dividend for First Quarter of 2026, Payable on March 31, 2026 EQB Inc. declared a dividend of $0.59 per common share for first quarter of 2026 payable on March 31, 2026, to shareholders of record as of March 13, 2026, representing 4% and 16% increases from the dividends paid in December 2025 and March 2025, respectively. Aankondiging • Feb 04
EQB Inc. to Report Q1, 2026 Results on Feb 25, 2026 EQB Inc. announced that they will report Q1, 2026 results After-Market on Feb 25, 2026 Aankondiging • Jan 20
EQB Inc., Annual General Meeting, Apr 08, 2026 EQB Inc., Annual General Meeting, Apr 08, 2026. Aankondiging • Dec 05
EQB Inc. (TSX:EQB) have entered into a definitive agreement to acquire President's Choice Bank from Loblaw Companies Limited (TSX:L) for estimated CAD 800 million. EQB Inc. (TSX:EQB) have entered into a definitive agreement to acquire President's Choice Bank from Loblaw Companies Limited (TSX:L) for estimated CAD 800 million on December 3, 2025. The consideration will be satisfied by the issuance to one or more subsidiaries of Loblaw of 7.2 million common shares of EQB, representing approximately 16% of EQB’s issued and outstanding common shares as at the date hereof on a pro-forma basis, and the remainder in cash. In addition, prior to the closing of the transaction and subject to regulatory approval, Loblaw will release and receive approximately CAD 500 million of excess capital and other value from PC Bank, for estimated total value of CAD 1.3 billion to Loblaw. EQB intends to finance the cash consideration with its current balance sheet resources. In case of termination of transaction, EQB Inc. will pay a termination fee of CAD 40 million.
The transaction is subject to certain conditions set forth in the Transaction Agreement, including, among others, receipt of approval from the Minister of Finance, clearance under the Competition Act (Canada) and execution and delivery of the Program Participation Agreement and an investor rights agreement. The expected completion of the transaction is in calendar year 2026.
RBC Capital Markets Inc. acted as financial advisor for EQB Inc. Blake, Cassels & Graydon LLP acted as legal advisor for EQB Inc. CIBC World Markets, Inc. acted as financial advisor for Loblaw Companies Limited. Torys LLP acted as legal advisor for Loblaw Companies Limited. Aankondiging • Dec 04
EQB Inc. Declares a Dividend, Payable on December 31, 2025 EQB Inc. declared a dividend of $0.57 per common share payable on December 31, 2025, to shareholders of record as of December 15, 2025, representing a 16% increase from the dividend paid in December 2024 and a 4% increase from the dividend paid in September 2025. Aankondiging • Nov 06
EQB Inc. to Report Q4, 2025 Results on Dec 03, 2025 EQB Inc. announced that they will report Q4, 2025 results After-Market on Dec 03, 2025 Aankondiging • Aug 06
EQB Inc. to Report Q3, 2025 Results on Aug 27, 2025 EQB Inc. announced that they will report Q3, 2025 results After-Market on Aug 27, 2025 Aankondiging • Jul 10
EQB Inc. Announces President Changes, Effective August 25, 2025 The Board of Directors of EQB Inc. announced that Chadwick Westlake will be appointed President of EQB, effective August 25, 2025, culminating years-long planning for an accomplished leader to succeed the late Andrew Moor. Mr. Westlake will also serve on the Board of Directors. Marlene Lenarduzzi will remain interim President of EQB until Mr. Westlake joins the company. Mr. Westlake is a dynamic and accomplished bank executive with a proven ability to drive exceptional performance in large, complex organizations, having amassed deep experience in various senior roles. As the former CFO of EQB, his leadership and action helped drive the acquisition and integration of Concentra Bank, the addition of alternative asset manager ACM Advisors and the significant expansion of Equitable Bank's capital markets capabilities and platform, including the development of its now $3.1 billion European covered bond program and its inaugural limited recourse capital note. From 2020 to March 2025 – a formative period in the company's growth trajectory – Mr. Westlake was responsible for EQB's corporate strategy and development, treasury and securitization activities, investor relations, all core finance functions and legal affairs, preparing him to seamlessly assume the CEO role. Prior to EQB, Mr. Westlake held progressively senior roles at Scotiabank over an 18-year period across Canadian Banking, Wealth Management, International Banking, Global Banking & Markets and corporate functions including global risk management, operations and finance, where he last served as Executive Vice President of Enterprise Productivity and Canadian Banking Finance. He was recently named one of Canada's 2025 Best Executives by The Globe and Mail, and will rejoin EQB from OpenText Corporation, where he has served as Executive Vice President & CFO. The Board's unanimous decision to select Mr. Westlake concludes a thoughtful and deliberate process that began several years ago with support from Mr. Moor. A special committee led by Susan Ericksen, Board Director, guided the selection process, which included extensive internal and external candidate assessments with assistance from a global recruitment firm. Aankondiging • Jul 09
EQB Inc. Announces CEO Changes, Effective August 25, 2025 The Board of Directors of EQB Inc. announced that Chadwick Westlake will be appointed CEO of EQB, effective August 25, 2025, culminating years-long planning for an accomplished leader to succeed the late Andrew Moor. Mr. Westlake will also serve on the Board of Directors. Marlene Lenarduzzi will remain interim CEO of EQB until Mr. Westlake joins the company. Mr. Westlake is a dynamic and accomplished bank executive with a proven ability to drive exceptional performance in large, complex organizations, having amassed deep experience in various senior roles. As the former CFO of EQB, his leadership and action helped drive the acquisition and integration of Concentra Bank, the addition of alternative asset manager ACM Advisors and the significant expansion of Equitable Bank's capital markets capabilities and platform, including the development of its now $3.1 billion European covered bond program and its inaugural limited recourse capital note. From 2020 to March 2025 – a formative period in the company's growth trajectory – Mr. Westlake was responsible for EQB's corporate strategy and development, treasury and securitization activities, investor relations, all core finance functions and legal affairs, preparing him to seamlessly assume the CEO role. Prior to EQB, Mr. Westlake held progressively senior roles at Scotiabank over an 18-year period across Canadian Banking, Wealth Management, International Banking, Global Banking & Markets and corporate functions including global risk management, operations and finance, where he last served as Executive Vice President of Enterprise Productivity and Canadian Banking Finance. He was recently named one of Canada's 2025 Best Executives by The Globe and Mail, and will rejoin EQB from OpenText Corporation, where he has served as Executive Vice President & CFO. The Board's unanimous decision to select Mr. Westlake concludes a thoughtful and deliberate process that began several years ago with support from Mr. Moor. A special committee led by Susan Ericksen, Board Director, guided the selection process, which included extensive internal and external candidate assessments with assistance from a global recruitment firm. Aankondiging • May 29
EQB Inc. Announces Dividend, Payable on June 30, 2025 EQB Inc. Board of Directors declared a dividend of $0.53 per common share payable on June 30, 2025, to shareholders of record as of June 13, 2025, representing a 4% increase from the dividend paid in March 2025 and 18% above the payment made in June 2024. Aankondiging • May 02
EQB Inc. to Report Q2, 2025 Results on May 28, 2025 EQB Inc. announced that they will report Q2, 2025 results After-Market on May 28, 2025 Aankondiging • Feb 27
EQB Inc. announces Quarterly dividend, payable on March 31, 2025 EQB Inc. announced Quarterly dividend of CAD 0.5100 per share payable on March 31, 2025, ex-date on March 14, 2025 and record date on March 14, 2025. Aankondiging • Feb 07
EQB Inc. to Report Q1, 2025 Results on Feb 25, 2025 EQB Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 25, 2025 Aankondiging • Jan 21
EQB Inc., Annual General Meeting, Apr 09, 2025 EQB Inc., Annual General Meeting, Apr 09, 2025. Aankondiging • Oct 22
EQB Inc. to Report Q4, 2024 Results on Dec 04, 2024 EQB Inc. announced that they will report Q4, 2024 results After-Market on Dec 04, 2024 Recent Insider Transactions • Oct 15
President recently sold €561k worth of stock On the 9th of October, Andrew R. Moor sold around 8k shares on-market at roughly €70.10 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.0m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €11m. Recent Insider Transactions • Oct 07
President recently sold €1.1m worth of stock On the 30th of September, Andrew R. Moor sold around 16k shares on-market at roughly €69.25 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.0m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €10m. Recent Insider Transactions • Sep 25
President recently sold €2.0m worth of stock On the 20th of September, Andrew R. Moor sold around 29k shares on-market at roughly €67.72 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €9.4m. Declared Dividend • Sep 02
Fourth quarter dividend of CA$0.47 announced Shareholders will receive a dividend of CA$0.47. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (18% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 29
EQB Inc. to Report Q3, 2024 Results on Aug 28, 2024 EQB Inc. announced that they will report Q3, 2024 results After-Market on Aug 28, 2024 Declared Dividend • Jun 07
Fourth quarter dividend of CA$0.45 announced Shareholders will receive a dividend of CA$0.45. Ex-date: 14th June 2024 Payment date: 18th June 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (19% forecast payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 27
EQB Inc. to Report Q2, 2024 Results on May 29, 2024 EQB Inc. announced that they will report Q2, 2024 results After-Market on May 29, 2024 Recent Insider Transactions • Apr 24
President recently sold €444k worth of stock On the 23rd of April, Andrew R. Moor sold around 8k shares on-market at roughly €58.39 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €7.4m. Recent Insider Transactions • Apr 11
President recently sold €304k worth of stock On the 8th of April, Andrew R. Moor sold around 5k shares on-market at roughly €60.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €7.0m. Declared Dividend • Mar 07
Fourth quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 14th March 2024 Payment date: 18th March 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (18% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 01
EQB Inc. Declares Dividend, Payable on March 28, 2024 EQB's Board of Directors declared a dividend of $0.42 per common share payable on March 28, 2024, to shareholders of record as of March 15, 2024, representing a 5% increase from the dividend paid in December 2023 and 20% above the payment made in February 2023. Aankondiging • Jan 26
EQB Inc. to Report Q1, 2024 Results on Feb 28, 2024 EQB Inc. announced that they will report Q1, 2024 results After-Market on Feb 28, 2024 Aankondiging • Jan 20
EQB Inc., Annual General Meeting, Apr 10, 2024 EQB Inc., Annual General Meeting, Apr 10, 2024. Recent Insider Transactions • Jan 14
President recently sold €411k worth of stock On the 8th of January, Andrew R. Moor sold around 7k shares on-market at roughly €62.34 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.7m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €6.1m. Recent Insider Transactions • Jan 01
President recently sold €755k worth of stock On the 27th of December, Andrew R. Moor sold around 13k shares on-market at roughly €59.43 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.7m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €5.4m. Recent Insider Transactions • Dec 21
President recently sold €991k worth of stock On the 14th of December, Andrew R. Moor sold around 17k shares on-market at roughly €58.96 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.7m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €3.8m. Aankondiging • Dec 16
EQB Inc. (TSX:EQB) completed the acquisition of 75% stake in ACM Advisors Ltd. EQB Inc. (TSX:EQB) entered into a definitive agreement to acquire 75% stake in ACM Advisors Ltd. on October 3, 2023. The consideration includes payment in cash and stock. EQB anticipates the acquisition will close before the end of 2023, subject to the receipt of regulatory approvals. ACM will operate as an independent subsidiary of EQB. Employees and Management continue including president and CEO Chad Mallow and COO Chad Mercer. The acquisition has been unanimously approved by the Boards of Directors of EQB, ACM and all shareholders of ACM. McCarthy Tétrault LLP acted ad legal advisor to EQB Inc., Borden Ladner Gervais LLP acted as legal advisor and Fort Capital Partners acted financial advisor to ACM Advisors Ltd.
EQB Inc. (TSX:EQB) completed the acquisition of 75% stake in ACM Advisors Ltd. on December 14, 2023. Recent Insider Transactions • Dec 15
President recently sold €1.7m worth of stock On the 11th of December, Andrew R. Moor sold around 30k shares on-market at roughly €55.62 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Aankondiging • Dec 08
EQB Inc. Declares Dividend, Payable on December 29, 2023 EQB Inc.'s Board of Directors declared a dividend of $0.40 per common share payable on December 29, 2023 to shareholders of record as of December 20, 2023, representing a 5% increase from the dividend paid on September 29, 2023 and 21% above the payment made on December 30, 2022 consistent with guidance of 20 to 25% annual growth. New Risk • Nov 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €689k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Nov 09
President recently sold €464k worth of stock On the 3rd of November, Andrew R. Moor sold around 10k shares on-market at roughly €48.33 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €1.4m. Aankondiging • Oct 07
EQB Inc. to Report Q4, 2023 Results on Dec 07, 2023 EQB Inc. announced that they will report Q4, 2023 results on Dec 07, 2023 Aankondiging • Oct 05
EQB Inc. (TSX:EQB) entered into a definitive agreement to acquire 75% stake in ACM Advisors Ltd. EQB Inc. (TSX:EQB) entered into a definitive agreement to acquire 75% stake in ACM Advisors Ltd. on October 3, 2023. The consideration includes payment in cash and stock. EQB anticipates the acquisition will close before the end of 2023, subject to the receipt of regulatory approvals. The acquisition has been unanimously approved by the Boards of Directors of EQB, ACM and all shareholders of ACM. McCarthy Tétrault LLP acted ad legal advisor to EQB Inc., Borden Ladner Gervais LLP acted as legal advisor and Fort Capital Partners acted financial advisor to ACM Advisors Ltd. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.38 per share at 2.0% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.3%). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CA$3.41 (vs CA$1.69 in 2Q 2022) Second quarter 2023 results: EPS: CA$3.41 (up from CA$1.69 in 2Q 2022). Revenue: CA$299.5m (up 89% from 2Q 2022). Net income: CA$128.6m (up 123% from 2Q 2022). Profit margin: 43% (up from 36% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Aankondiging • Jun 29
EQB Inc. to Report Q2, 2023 Results on Aug 01, 2023 EQB Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 01, 2023 Recent Insider Transactions • Jun 09
President recently sold €227k worth of stock On the 6th of June, Andrew R. Moor sold around 5k shares on-market at roughly €47.36 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Andrew R. has been a net seller over the last 12 months, reducing personal holdings by €663k. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.37 per share at 2.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.3%). Aankondiging • May 18
EQB Inc. Announces Management Changes EQB Inc. at its annual meeting of shareholders held on May 17, 2023 appointed Michael Hanley as Chair. He succeeds David LeGresley, who retired after reaching his 12-year term limit. Mr. Hanley has extensive leadership and governance experience and with his stewardship, the Board is confident that EQB will continue to advance its best practice environmental, social and governance approach. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: CA$2.58 (vs CA$2.55 in 1Q 2022) First quarter 2023 results: EPS: CA$2.58 (up from CA$2.55 in 1Q 2022). Revenue: CA$261.6m (up 39% from 1Q 2022). Net income: CA$97.2m (up 12% from 1Q 2022). Profit margin: 37% (down from 46% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Recent Insider Transactions • Mar 11
Insider recently sold €78k worth of stock On the 2nd of March, John Simoes sold around 2k shares on-market at roughly €43.44 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €303k. Insiders have been net sellers, collectively disposing of €81k more than they bought in the last 12 months. Aankondiging • Feb 18
EQB Inc. Declares Common Share Dividend for the First Quarter of 2023, Payable on March 31, 2023 EQB Inc. declared a common share dividend of $0.35 per common share or $1.40 annualized for the first quarter of 2023, payable on March 31, 2023 to shareholders of record as of March 15, 2023. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: CA$7.63 (vs CA$8.49 in FY 2021) Full year 2022 results: EPS: CA$7.63 (down from CA$8.49 in FY 2021). Revenue: CA$744.9m (up 14% from FY 2021). Net income: CA$264.6m (down 8.2% from FY 2021). Profit margin: 36% (down from 44% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 1.87% (up from 1.81% in FY 2021). Cost-to-income ratio: 41.6% (up from 40.4% in FY 2021). Non-performing loans: 0.30% (up from 0.28% in FY 2021). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Mortgage industry in Europe.