Stock

Pareto Bank ASA

PARB.OL
44
Banks - Regional · Financial Services
Also trades as: 0RI3.L GBP 0.51 (+0.40%)
Price
kr 50.80
+0.50 (+0.99%)
Market Cap
kr 3.90B
Exchange
Oslo Stock Exchange
Winston Score
44
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 12, 2026 · filings through Jun 30, 2026

§How the score breaks down

Bank Quality
Not counted
n/a
Growth
Weak
2/20
Capital Strength
Not counted
n/a
Asset Quality
Not counted
n/a
Valuation
Good
5/10
Ownership
Good
10/15
Dividends
Exceptional
5/5

22 of 50 counted points = Winston Score 44. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+10.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 69.9M (2021) → 76.9M (2025)

§Winston Score History

The full picture

Pareto Bank ASA is a Norwegian bank based in Oslo that focuses on lending to businesses and wealthy individuals rather than everyday retail customers. Its main products are corporate loans, real estate financing, and securities-backed lending, with customers typically being small and mid-sized companies, property developers, and high-net-worth clients. It is part of the broader Pareto financial group, one of Norway's most recognized names in investment and financial services.

The bank earns money primarily through net interest income — the difference between what it charges borrowers and what it pays depositors. It operates almost entirely within Norway, making it a small, domestically focused lender with a relatively concentrated loan book. Its connection to the Pareto brand provides some reputational advantage in attracting business clients, but that concentration in Norwegian real estate and corporate lending is also its main risk, as a downturn in Norwegian property markets or a rise in loan defaults could meaningfully hurt earnings.

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
-7.8%
Shrinking sales (-7.8% YoY)
Profit growth
EPS YoY
-45.5%
Earnings shrinking (-45.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
10.9x
Attractive valuation — P/E 10.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-7.8
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
14.06%
Healthy income — 14.06% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+116.4%
Dividend growing fast (116.4% YoY)
Payout Ratio
163%
no trend
Paying out more than the last 12 months of profit. The dividend is being funded from cash or borrowing, not this year’s earnings.

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