Main figures

 

  30 Jun 2013 30 Jun 2012 2012
From the profit and loss account NOKm % NOKm % NOKm %
Net interest  746 1.35 720 1.40 1,477 5.61
Commission income and other income 713 1.29 524 1.02 1,139 4.32
Net return on financial investments including held for sale 211 0.38 238 0.46 451 1.71
Total income 1,670 3.02 1,482 2.88 3,067 11.64
Total operating expenses 850 1.54 795 1.55 1,654 6.28
Results 820 1.48 686 1.34 1,414 5.37
Loss on loans, guarantees etc 38 0.07 25 0.05 58 0.22
Results before tax 782 1.41 661 1.29 1,355 5.14
Tax charge 179 0.32 149 0.29 295 1.12
Result investment held for sale, after tax 3 0.01 -2 0.00 16 0.06
Net profit 606 1.09 510 0.99 1,077 4.09
             
Key figures  30 Jun 2013   30 Jun 2012   2012  
Profitability            
Return on equity 1) 11.9 %   11.7 %   11.7 %  
Cost-income ratio 2) 51 %   54 %   54 %  
Balance sheet            
Gross loans to customers  78,976   73,595   74,943  
Gross loans to customers incl. SB1 1 Boligkreditt and SB1 Næringskreditt 108,968   100,552   104,909  
Deposits from customers 55,268   51,504   52,252  
Deposit-to-loan ratio 70 %   70 %   70 %  
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt 8.4 %   10.6 %   10.2 %  
Growth in deposits 7.3 %   12.0 %   9.2 %  
Average total assets 110,626   102,766   105,372  
Total assets 113,190   107,780   107,975  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1   Næringskreditt            
Impairment losses ratio  0.07 %   0.05 %   0.06 %  
Non-performing commitm. as a percentage of gross loans 3) 0.38 %   0.34 %   0.36 %  
Other doubtful commitm. as a percentage of gross loans 0.13 %   0.20 %   0.14 %  
Solidity            
Common equity tier 1 13.8 %   12.4 %   13.3 %  
Core capital ratio 12.2 %   11.0 %   11.3 %  
Capital adequacy ratio 10.3 %   9.5 %   10.0 %  
Core capital 10,508   8,722   9,357  
Net equity and related capital 11,894   9,900   10,943  
Branches and staff            
Number of branches 50   52   51  
No. Of full-time positions 1,164   1,144   1,135  
             
Key figures ECC  4) 30 Jun 2013 30 Jun 2012 2012 2011 2010 2009
ECC ratio 64.6 % 64.6 % 64.6 % 60.6 % 61.3 % 54.8 %
Number of certificates issued, millions 129.83 124.21 129.83 102.76 102.74 82.78
ECC price  46.50 32.10 34.80 36.31 49.89 45.06
Stock value (NOKM) 6,037 3,987 4,518 3,731 5,124 3,749
Booked equity capital per ECC (including dividend) 51.66 47.97 50.09 48.91 46.17 42.11
Profit per ECC, majority 2.99 2.63 5.21 6.06 5.94 6.37
Dividend per ECC     1.50 1.85 2.77 2.10
Price-Earnings Ratio 7.79 6.10 6.68 5.99 8.40 7.07
Price-Book Value Ratio 0.90 0.67 0.69 0.74 1.08 1.07
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