1st quarter 2013

(Consolidated figures. Figures in parentheses refer to the same period of 2012 unless otherwise stated)  

  • Profit before tax: NOK 390m (331m)
  • Net profit first quarter: NOK 321m (271m)
  • Return on equity: 12.5 per cent (13.0 per cent)
  • 12-month growth in lending: 9.7 per cent (9.9 per cent)
  • 12-month growth in deposits: 9.9 per cent (14.2 per cent)
  • Common equity tier 1 ratio: 10.3 per cent (8.9 per cent)
  • Earnings per EC: NOK 1.55 (1.41) 

Good result for first quarter 2013


  • Profit growth of NOK 50m compared with first quarter 2012
  • Increased lending margins
  • Strong income trend in core business, good return on financial investments and a positive trend at SpareBank 1 Gruppen
  • Low loan losses
  • Strengthened financial position in keeping with the Group’s capital plan
  • Dampened growth in lending to the corporate sector
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