1st quarter 2018

Good profits from banking operations, subsidiaries and product companies
Profit was NOK 466m, and NOK 99m better than in the first quarter of 2017. The improvement is mainly due to increased operating income, improved return on financial assets and reduced loan losses
CET1 capital ratio as at 31. december 17 has been corrected from 14.9 per cent to 14.6 per cent, CET1 capital in first quarter remain unchanged
Strong financial position
Considerable increase in customers and high growth in all product areas

Pre-tax profit: NOK 596m (466m)
Post-tax profit: NOK 466m (367m)
Return on equity: 11.2 per cent (9.4 per cent)
CET1 capital ratio: 14.6 per cent (14.7 per cent)
Growth in lending: 7.9 per cent (8.1 per cent) and in deposits: 8.2 per cent (9.9 per cent)
Retail loans account for 66 per cent (65 per cent) of total lending
Losses on loans and guarantees: NOK 48m (89m)
Earnings per equity certificate (EC): NOK 2.21 (1.74). Book value per EC: NOK 76.53 (72.31)