4th quarter 2013

Preliminary annual accounts 2013

(Consolidated figures. Figures in parentheses refer to 2012 unless otherwise stated)

Profit of NOK 1,400m after tax

  • Profit before tax and assets held for sale: NOK 1,758m (1,355m)
  • Net profit: NOK 1,400 m (1,077m)
  • Return on equity: 13.3 per cent (11.7 per cent)
  • CET1 ratio: 11.1 per cent (10.0 per cent)
  • Growth in lending 6.8 per cent (10.2 per cent) and deposits 7.3 per cent (9.2 per cent) over past 12 months
  • Loan losses: NOK 101m (58m)
  • Earnings per equity certificate (EC): NOK 6.92 (5.21). Book value per EC, incl. recommended dividend for 2013: NOK 55.69 (50.09)
  • Recommended dividend: NOK 1.75 per EC. Allocation to non-profit causes: NOK 124m

Fourth quarter 2013

  • Profit before tax and assets held for sale: NOK 476m (302m)
  • Net profit: NOK 361m (260m)
  • Return on equity: 13.1 per cent (10.5 per cent)
  • Loan losses: NOK 32m (17m)
  • Earnings per EC: NOK 1.79 (1.29)
  • Improved financial position; CET1 ratio: 11.1 per cent (10.0 per cent)
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