4th quarter 2012

Preliminary annual accounts 2012

Consolidated figures. Figures in parentheses refer to the same period of 2011 unless otherwise stated.

Profit of NOK 1,077m after tax

• Profit before tax: NOK 1,355m (1,236m)
• Net profit: NOK 1,077m (1,024m)
• Return on equity: 11.7 percent (12.8 percent)
• Tier 1 capital ratio: 11.3 percent (10.4 percent), common equity tier 1 ratio 10.0 percent (8.9 percent)
• Growth in lending 10.2 percent (8.6 percent) and deposits 9.2 percent (11.9 percent) over past 12 months
• Loan losses: NOK 58m (27m)
• Earnings per equity certificate (EC): NOK 5.21 (6.06). Book value per EC, incl. recommended dividend for 2012: NOK 50.09 (48.91)
• Recommended dividend: NOK 1.50 per EC. Allocation to non-profit causes: NOK 30m

Fourth quarter 2012

• Profit before tax: NOK 302m (285m)
• Net profit: NOK 260m (279m)
• Return on equity: 10.5 percent (13.6 percent)
• Loan losses: NOK 17m (26m)
• Earnings per EC: NOK 1.29 (1.65)
• Improved financial position; common tier 1 ratio 10.0 percent
• Increased lending margins