Norion Bank AB (OSTO:NORION) Tax Rate % : 21.05% (As of Mar. 2024)

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What is Norion Bank AB Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Norion Bank AB's Tax Expense for the three months ended in Mar. 2024 was kr88 Mil. Norion Bank AB's Pre-Tax Income for the three months ended in Mar. 2024 was kr418 Mil. Therefore, Norion Bank AB's Tax Rate % for the quarter that ended in Mar. 2024 was 21.05%.

Norion Bank AB Tax Rate % Historical Data

The historical data trend for Norion Bank AB's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Norion Bank AB Tax Rate % Chart

Norion Bank AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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19.26

25.37

21.27

20.94

20.89

Norion Bank AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															20.83	20.83	20.74	21.01	21.05

Norion Bank AB Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Norion Bank AB's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	342	/	1637
	=	20.89 %

Norion Bank AB's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	88	/	418
	=	21.05 %

Norion Bank AB Tax Rate % Related Terms

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Norion Bank AB (OSTO:NORION) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Norion Bank AB (OSTO:NORION) » Definitions » Tax Rate %

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Traded in Other Exchanges

N/A

Address

Lilla Bommens Torg 11, Goteborg, SWE, 411 04

Website

https://www.collector.se

Norion Bank AB, formerly Collector Bank AB specializes in financing solutions for corporate and private individuals, with particular focus on small and medium-sized companies. The main business is conducted through four segments namely Corporate, Real estate, Consumer and Payments. The Corporate segment includes corporate loans and factoring directed mainly at small and medium-sized companies in a wide range of industries in Sweden, Norway and Finland. The Real estate segment comprises real estate loans focusing on metropolitan areas and university cities in the Nordic region and the Consumer segment offers unsecured loans to private individuals The Payments segment offers payment and checkout solutions for e-commerce and retail chains.

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