Helping people keep their commitments

Per Anders Fasth, CEO

CEO Comments

For Hoist Finance, 2021 was a year of refocusing on core business and transformation.  
Covid-19 effects and lock-downs continued to considerably impact our markets and operations.  

Read CEO comments

I had a very nice, hands on heart person who was willing to help. If we could have people like this in all situations, the world would be beautiful.

Key quarterly events 

First quarter
  • Italian portfolio acquired in the securitisation programme
  • Forward-looking negative impairment of unsecured portfolios of SEK -351m
Second quarter
  • Review of total tax provision resulted in additional provisions of SEK -97 in net effect
  • Per Anders Fasth appointed acting CEO
  • Lars Wollung leaves the board to become advisor to management
  • Christian Wallentin appointed CFO
Third quarter
  • Performance review completed
  • Transformation programme initated to right size company, improve productivity and increase growth
  • NPL portfolio volumes bottoming out
  • Investment grade rating and stable outlook from Moody’s


Fourth quarter
  • Several attractive portfolio acquisitions late in the year
  • Transformation programme starting to pay-off
  • Strengthened leadership by appointing new CIO and COO

Key  figures of 2021

Portfolio acquisitions (MSEK)
C/I ratio
Profit before tax (MSEK)
Return on equity

Financial targets



EPS Growth[B]

 15 % CAGR[C]

Cost-to-income Ratio

<65% by 2023

CET1 Ratio


above regulatory requirements

Dividend policy

Dividend will in the long-term correspond to 25-30% of annual net profit, and will be determined annually, with respect to the company’s capital target and the outlook for profitable growth

A) Net profit for the period adjusted for accrued unpaid interest on AT1 capital calculated on annualised basis, divided by equity adjusted for AT1 capital reported in equity, calculated as an average for the financial year based on a quarterly basis.
B) Adjusted for AT1 costs
C) When comparing 2023 vs. 2019 and excluding items affecting comparability (IAC)

Do you have questions?

Get in touch with our IR contact to get answers on your questions.

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- Annual Report 2021 -
- Årsredovisning 2021 -