3rd quarter 2018

Accounts for first nine months of 2018

(Consolidated figures. Figures in parenthesis refer to the same period of 2017 unless otherwise stated).

Good profits from banking operations, subsidiaries and product companies
Post-tax profit was NOK 1,689m, NOK 413m better than in the same period of 2017. The improvement is due to increased operating income, improved return on financial assets and reduced loan losses
Common equity tier 1 (CET1) ratio at 30 September 2018 was 14.9 per cent
Considerable increase in customer base and high growth in all product areas, especially in the retail segment
SpareBank 1 Gruppen and DNB signed on 24 September 2018 an agreement to merge their insurance businesses, thereby creating one of the country’s largest insurers

Pre-tax profit: NOK 1,937m (1,601m)
Post-tax profit: NOK 1,689m (1,275m)
Return on equity: 13.3 per cent (10.8 per cent)
CET1 ratio: 14.9 per cent (14.6 per cent)
Growth in lending: 7.3 per cent (9.4 per cent) and in deposits: 6.1 per cent (10.3 per cent) in the last 12 months
Growth in lending to retail borrowers: 10.7 per cent in the last 12 months (10.3 per cent). Retail loans account for 68 per cent (66 per cent) of total lending
Growth in lending to corporate borrowers: 0.8 per cent in the last 12 months (7.9 per cent)
Losses on loans and guarantees: NOK 196m (263m), measuring 0.17 per cent (0.25 per cent) of gross lending
Earnings per equity certificate (EC): NOK 8.07 (6.08). Book value per EC: NOK 82.57 (79.18)