Main figures

  30 Sept 2012 30 Sept 2011 2011
From the profit and loss account NOKm % NOKm % NOKm %
Net interest  1,079 1.37 1,053 1.44 1,392 1.88
Commission income and other income 818 1.04 687 0.94 919 0.93
Net return on financial investments 403 0.51 276 0.38 478 0.65
Total income 2,300 2.93 2,017 2.75 2,789 2.83
Total operating expenses 1,217 1.55 1,070 1.46 1,482 1.51
Results 1,084 1.38 947 1.29 1,306 1.33
Loss on loans, guarantees etc 42 0.05 1 0.00 27 0.03
Results before tax 1,042 1.33 946 1.29 1,279 1.30
Tax charge 225 0.29 201 0.27 255 0.26
Net profit 816 1.04 745 1.02 1,024 1.04
             
Key figures  30 Sept 2012   30 Sept 2011   2011  
Profitability            
Return on equity 1) 12.1 %   12.6 %   12.8 %  
Cost-income ratio 2) 53 %   53 %   53 %  
Balance sheet            
Gross loans to customers  75,357   71,570   73,105  
Gross loans to customers incl. Boligkreditt and Næringskreditt 103,274   92,671   95,232  
Deposits from customers 50,836   46,023   47,871  
Deposit-to-loan ratio exc. Boligkreditt 67 %   64 %   65 %  
Growth in loans incl.Boligkreditt and Næringskreditt 11.4 %   7.7 %   8.6 %  
Growth in deposits 10.5 %   19.1 %   11.9 %  
Average total assets 104,735   97,718   98,465  
Total assets 110,640   100,007   101,455  
Losses and defaults in % of gross loans incl. Boligkreditt and Næringskreditt            
Impairment losses ratio  0.06 %   0.00 %   0.03 %  
Non-performing commitm. as a percentage of gross loans 3) 0.39 %   0.36 %   0.36 %  
Other doubtful commitm. as a percentage of gross loans 0.16 %   0.24 %   0.21 %  
Solidity            
Capital adequacy ratio 11.9 %   12.1 %   12.0 %  
Core capital ratio 10.6 %   10.4 %   10.4 %  
Core capital 8,826   7,504   7,856  
Net equity and related capital 9,891   8,675   9,055  
Branches and staff            
Number of branches 51   54   54  
No. Of full-time positions 1,148   1,085   1,109  
             
Key figures ECC  4) 30 Sept 2012 30 Sept 2011 2011 2010 2009 2008
ECC ratio 65.5 % 61.3 % 60.6 % 61.3 % 54.8 % 56.3 %
Number of certificates issued, millions 129.83 102.76 102.76 102.74 82.78 82.41
ECC price  37.00 36.31 36.31 49.89 45.06 21.00
Stock value (NOKM) 4,804 4,039 3,731 5,124 3,749 1,750
Booked equity capital per ECC (including dividend) 49.00 47.65 48.91 46.17 42.11 38.07
Profit per ECC, majority 3.99 4.41 6.06 5.94 6.37 4.16
Dividend per ECC -  -  1.85 2.77 2.10 2.77
Price-Earnings Ratio 6.96 6.68 5.99 8.40 7.07 5.05
Price-Book Value Ratio 0.76 0.76 0.74 1.08 1.07 0.55

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, including loans transferred to SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt, and guarantees drawn

4) The key figures are corrected for issues 
© SpareBank 1 SMN