Main figures
| 31 Mar 2012 | 31 Mar 2011 | 2011 | ||||
| From the profit and loss account | NOKm | % | NOKm | % | NOKm | % |
| Net interest | 351 | 1.40 | 356 | 1.48 | 1,392 | 5.65 |
| Commission income and other income | 235 | 0.94 | 221 | 0.92 | 919 | 0.93 |
| Net return on financial investments | 160 | 0.64 | 89 | 0.37 | 478 | 1.94 |
| Total income | 746 | 2.98 | 666 | 2.77 | 2,789 | 2.83 |
| Total operating expenses | 398 | 1.59 | 348 | 1.45 | 1,482 | 1.51 |
| Results | 349 | 1.39 | 318 | 1.32 | 1,306 | 1.33 |
| Loss on loans, guarantees etc | 8 | 0.03 | -6 | -0.03 | 27 | 0.03 |
| Results before tax | 340 | 1.36 | 325 | 1.35 | 1,279 | 1.30 |
| Tax charge | 68 | 0.27 | 70 | 0.29 | 255 | 0.26 |
| Net profit | 272 | 1.09 | 255 | 1.06 | 1,024 | 1.04 |
| Key figures | 31 Mar 2012 | 31 Mar 2011 | 2011 | |||
| Profitability | ||||||
| Return on equity 1) | 13.0 % | 13.2 % | 12.8 % | |||
| Cost-income ratio 2) | 53 % | 52 % | 53 % | |||
| Balance sheet | ||||||
| Gross loans to customers | 71,681 | 68,553 | 73,105 | |||
| Gross loans to customers incl. SpareBank 1 Boligkreditt and SparBank 1 Næringskreditt | 97,387 | 88,606 | 95,232 | |||
| Deposits from customers | 48,974 | 42,900 | 47,871 | |||
| Deposit-to-loan ratio | 68 % | 63 % | 65 % | |||
| Growth in loans incl.Boligkreditt and Næringskreditt | 9.9 % | 11.4 % | 8.6 % | |||
| Growth in deposits | 14.2 % | 14.1 % | 11.9 % | |||
| Average total assets | 100,242 | 96,224 | 98,465 | |||
| Total assets | 99,030 | 94,486 | 101,455 | |||
| Losses and defaults in % of gross loans incl. Boligkreditt | ||||||
| Impairment losses ratio | 0.04 % | -0.03 % | 0.03 % | |||
| Non-performing commitm. as a percentage of gross loans 3) | 0.33 % | 0.54 % | 0.36 % | |||
| Other doubtful commitm. as a percentage of gross loans | 0.19 % | 0.23 % | 0.21 % | |||
| Solidity | ||||||
| Capital adequacy ratio | 11.8 % | 12.5 % | 12.0 % | |||
| Core capital ratio | 10.3 % | 10.6 % | 10.4 % | |||
| Core capital | 7,902 | 7,330 | 7,856 | |||
| Net equity and related capital | 9,008 | 8,638 | 9,055 | |||
| Branches and staff | ||||||
| Number of branches | 54 | 54 | 54 | |||
| No. Of full-time positions | 1,097 | 1,057 | 1,109 | |||
| Key figures ECC 4) | 31 Mar 2012 | 31 Mar 2011 | 2011 | 2010 | 2009 | 2008 |
| ECC ratio | 64.6 % | 61.3 % | 60.6 % | 61.3% | 54.8 % | 56.3% |
| Number of certificates issued, millions | 124.21 | 102.74 | 102.77 | 102.74 | 82.78 | 82.41 |
| ECC price | 36.60 | 46.19 | 36.31 | 49.89 | 45.06 | 21.00 |
| Stock value (NOKM) | 4,546 | 4,745 | 3,731 | 5,124 | 3,749 | 1,750 |
| Booked equity capital per ECC (including dividend) | 46.93 | 44.92 | 48.91 | 46.07 | 42.11 | 38.07 |
| Profit per ECC | 1.42 | 1.52 | 6.04 | 5.94 | 6.37 | 4.16 |
| Dividend per ECC | 1.85 | 2.77 | 2.10 | 2.77 | ||
| Price-Earnings Ratio | 6.46 | 7.60 | 6.01 | 8.40 | 7.07 | 5.05 |
| Price-Book Value Ratio | 0.78 | 1.03 | 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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