| |
2012 |
2011 |
|
| From the profit and loss account |
NOKm |
% |
NOKm |
% |
|
| Net interest |
1,477 |
1.40 |
1,392 |
1.41 |
|
| Commission income and other income |
1,139 |
1.08 |
919 |
0.94 |
|
| Net return on financial investments including held for sale |
451 |
0.43 |
434 |
0.44 |
|
| Total income |
3,067 |
2.91 |
2,745 |
2.75 |
|
| Total operating expenses |
1,654 |
1.57 |
1,482 |
1.46 |
|
| Results |
1,414 |
1.34 |
1,263 |
1.29 |
|
| Loss on loans, guarantees etc |
58 |
0.06 |
27 |
0.03 |
|
| Results before tax |
1,355 |
1.29 |
1,236 |
1.29 |
|
| Tax charge |
295 |
0.28 |
255 |
0.27 |
|
| Result investment held for sale, after tax |
16 |
0.02 |
43 |
0.04 |
|
| Net profit |
1,077 |
1.02 |
1,024 |
1.02 |
|
| |
|
|
|
|
|
| Key figures |
2012 |
|
2011 |
|
|
| Profitability |
|
|
|
|
|
| Return on equity 1) |
11.7 % |
|
12.8 % |
|
|
| Cost-income ratio 2) |
54 % |
|
54 % |
|
|
| Balance sheet |
|
|
|
|
|
| Gross loans to customers |
74,943 |
|
73,105 |
|
|
| Gross loans to customers incl. SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt |
104,909 |
|
95,232 |
|
|
| Deposits from customers |
52,252 |
|
47,871 |
|
|
| Deposit-to-loan ratio excl. Boligkreditt |
70 % |
|
65 % |
|
|
| Growth in loans incl.Boligkreditt and Næringskreditt |
10.2 % |
|
8.6 % |
|
|
| Growth in deposits |
9.2 % |
|
11.9 % |
|
|
| Average total assets |
105,372 |
|
98,465 |
|
|
| Total assets |
107,919 |
|
101,455 |
|
|
| Losses and defaults in % of gross loans incl. Boligkreditt and Næringskreditt |
|
|
|
|
|
| Impairment losses ratio |
0.06 % |
|
0.03 % |
|
|
| Non-performing commitm. as a percentage of gross loans 3) |
0.36 % |
|
0.36 % |
|
|
| Other doubtful commitm. as a percentage of gross loans |
0.14 % |
|
0.21 % |
|
|
| Solidity |
|
|
|
|
|
| Capital adequacy ratio |
13.3 % |
|
12.0 % |
|
|
| Core capital ratio |
11.3 % |
|
10.4 % |
|
|
| Common equity tier 1 |
10.0 % |
|
8.9 % |
|
|
| Core capital |
9,357 |
|
7,856 |
|
|
| Net equity and related capital |
10,943 |
|
9,055 |
|
|
| Branches and staff |
|
|
|
|
|
| Number of branches |
51 |
|
54 |
|
|
| Number of full-time positions |
1,135 |
|
1,098 |
|
|
| |
|
|
|
|
|
| Key figures ECC 4) |
2012 |
2011 |
2010 |
2009 |
2008 |
| ECC ratio |
64.6 % |
60.6 % |
61.3 % |
54.8 % |
56.3 % |
| Number of certificates issued (millions) |
129.83 |
102.76 |
102.74 |
82.78 |
82.41 |
| ECC price |
34.80 |
36.31 |
49.89 |
45.06 |
21.00 |
| Stock value (NOKM) |
4,518 |
3,731 |
5,124 |
3,749 |
1,750 |
| Booked equity capital per ECC (including dividend) |
50.09 |
48.91 |
46.17 |
42.11 |
38.07 |
| Profit per ECC, majority |
5.21 |
6.06 |
5.94 |
6.37 |
4.16 |
| Dividend per ECC |
1.50 |
1.85 |
2.77 |
2.10 |
2.77 |
| Price-Earnings Ratio |
6.68 |
5.99 |
8.40 |
7.07 |
5.05 |
| Price-Book Value Ratio |
0.69 |
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 |
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