Main figures

 

  2013 2012  
From the profit and loss account NOKm % NOKm %    
Net interest  1,616 1.44 1,477 1.40    
Commission income and other income 1,463 1.31 1,139 1.08    
Net return on financial investments  502 0.45 451 0.43    
Total income 3,580 3.20 3,067 2.91    
Total operating expenses 1,722 1.54 1,654 1.57    
Results 1,859 1.66 1,414 1.34    
Loss on loans, guarantees etc 101 0.09 58 0.06    
Results before tax 1,758 1.57 1,355 1.29    
Tax charge 388 0.35 295 0.28    
Result investment held for sale, after tax 30 0.03 16 0.02    
Net profit 1,400 1.25 1,077 1.02    
             
Key figures  2013   2012      
Profitability            
Return on equity 1) 13.3 %   11.7 %      
Cost-income ratio 2) 48 %   54 %      
Balance sheet            
Gross loans to customers  80,303   74,943      
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 112,038   104,909      
Deposits from customers 56,074   52,252      
Deposit-to-loan ratio ex. SB1 Boligkreditt 70 %   70 %      
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt 6.8 %   10.2 %      
Growth in deposits 7.3 %   9.2 %      
Average total assets 111,843   105,372      
Total assets 115,360   107,919      
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.09 %   0.06 %      
Non-performing commitm. as a percentage of gross loans 3) 0.34 %   0.36 %      
Other doubtful commitm. as a percentage of gross loans 0.14 %   0.14 %      
Solidity            
Capital adequacy ratio 14.7 %   13.3 %      
Core capital ratio 13.0 %   11.3 %      
Common equity tier 1 11.1 %   10.0 %      
Core capital 10,989   9,357      
Net equity and related capital 12,417   10,943      
Branches and staff            
Number of branches 50   51      
No. Of full-time positions 1,159   1,135      
             
Key figures ECC  4) 2013 2012 2011 2010 2009  
ECC ratio 64.6 % 64.6 % 60.6 % 61.3 % 54.8 %  
Number of certificates issued, millions 129.83 129.83 102.76 102.74 82.78  
ECC price  55.00 34.80 36.31 49.89 45.06  
Stock value (NOKM) 7,141 4,518 3,731 5,124 3,749  
Booked equity capital per ECC (including dividend) 55.69 50.09 48.91 46.17 42.11  
Profit per ECC, majority 6.92 5.21 6.06 5.94 6.37  
Dividend per ECC 1.75 1.50 1.85 2.77 2.10  
Price-Earnings Ratio 7.95 6.68 5.99 8.40 7.07  
Price-Book Value Ratio 0.99 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 sold to SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt, and guarantees drawn
4) The key figures are corrected for issues

© SpareBank 1 SMN