Main figures

  30 June 2011 30 June 2010 2010
From the profit and loss account NOKm % NOKm % NOKm %
Net interest  645 1.33 597 1.36 1,210 1.33
Commission income and other income 453 0.94 423 0.96 855 0.94
Net return on financial investments 243 0.50 167 0.38 490 0.54
Total income 1,341 2.77 1,187 2.70 2,555 2.80
Total operating expenses 708 1.46 509 1.16 1,140 1.25
Results 633 1.31 678 1.54 1,414 1.55
Loss on loans, guarantees etc -7 -0.01 96 0.22 132 0.15
Results before tax 640 1.32 582 1.33 1,282 1.40
Tax charge 135 0.28 133 0.30 260 0.28
Net profit 505 1.04 449 1.02 1,022 1.12
             
Key figures  30 June 2011   30 June 2010   2010  
Profitability            
Return on equity 1) 13.0 %   13.7 %   14.6 %  
Cost-income ratio 2) 53 %   43 %   45 %  
Balance sheet            
Gross loans to customers  68,559   64,390   69,847  
Gross loans to customers incl. SpareBank 1 Boligkreditt 90,939   83,767   87,665  
Deposits from customers 45,990   41,273   42,786  
Deposit-to-loan ratio 67 %   64 %   61 %  
Growth in loans incl.Boligkreditt 8.6 %   12.6 %   13.2 %  
Growth in deposits 11.4 %   7.8 %   14.9 %  
Average total assets 96,954   87,774   91,317  
Total assets 98,415   93,823   97,992  
Losses and defaults in % of gross loans incl. Boligkreditt            
Impairment losses ratio  -0.02 %   0.24 %   0.16 %  
Non-performing commitm. as a percentage of gross loans 3) 0.40 %   0.41 %   0.57 %  
Other doubtful commitm. as a percentage of gross loans 0.20 %   0.81 %   0.24 %  
Solidity            
Capital adequacy ratio 12.3 %   13.2 %   13.0 %  
Core capital ratio 10.7 %   10.8 %   10.9 %  
Core capital 7,394   6,960   7,286  
Net equity and related capital 8,496   8,537   8,646  
Branches and staff            
Number of branches 54   55   54  
No. Of full-time positions 1,047   1,019   1,035  

 

Key figures ECC  4) 30 June 2011 30 June 2010 2010 2009 2008 2007
ECC ratio 61.3 % 61.3 % 61.3 % 54.8 % 56.3 % 54.2 %
Number of certificates issued, millions 94.90 94.90 94.90 69.43 57.86 53.98
ECC price  48.90 42.30 54.00 49.02 22.85 54.65
Stock value (NOKM) 4,640 4,014 5,124 3,749 1,750 3,900
Booked equity capital per ECC (including dividend) 51.05 46.65 50.60 44.89 40.03 38.35
Profit per ECC 3.26 2.82 6.43 6.73 4.49 6.16
Dividend per ECC     3.00 2.27 1.51 4.24
Price-Earnings Ratio 7.50 7.49 8.40 7.29 5.09 8.87
Price-Book Value Ratio 0.96 0.91 1.07 1.09 0.57 1.43

 

1) Net profit as a percentage of average equity
2) Total operating expenses as a percentage of total operating income
3) Defaults and doubtful loans are reported on the basis of gross lending an guarantees drawn 
4) The key figures are corrected for issues. No change in the number of ECCs 
© SpareBank 1 SMN