Key figures from quarterly accounts

Group in NOKm 1Q Q4 Q3 Q2 Q1 4Q 3Q 2Q 1Q
  2014 2013 2013 2013 2013 2012 2012 2012 2012
Profitability                  
Return on equity per quarter 17.7% 13.1% 16.3% 11.1% 12.7% 10.5% 12.8% 10.7% 13.0%
Cost-income ratio 42 % 48% 43% 51% 50% 58% 51% 54% 53%
                   
Balance sheet                  
Gross loans to customers  79,366 80,303 79,842 78,976 76,425 74,943 75,357 73,595 71,681
Gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt 111,560 112,038 110,237 108,968 106,830 104,909 103,274 100,552 97,387
Deposits from customers 54,736 56,074 53,423 55,268 52,603 52,252 50,836 51,504 48,974
Total assets 111,609 115,360 111,977 113,190 110,790 107,919 110,605 107,780 99,031
Average total assets 113,485 113,668 112,583 111,979 109,344 109,279 109,227 103,422 100,242
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskredtt last 12 months  4.4 % 6.8 % 6.7 % 8.4 % 9.7 % 10.2 % 11.4 % 10.6 % 9.9 %
Growth in deposits last 12 months 4.1 % 7.3 % 5.1 % 7.3 % 7.4 % 9.2 % 10.5 % 12.0 % 14.2 %
                   
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt                  
Impairment losses ratio 0.06 % 0.12 % 0.11 % 0.08 % 0.06 % 0.06 % 0.06 % 0.07 % 0.04 %
Non-performing commitm. as a percentage of gross loans 0.24 % 0.34 % 0.35 % 0.38 % 0.36 % 0.36 % 0.39 % 0.34 % 0.33 %
Other doubtful commitm. as a percentage of gross loans 0.21 % 0.14 % 0.19 % 0.13 % 0.15 % 0.14 % 0.16 % 0.20 % 0.19 %
                   
Solidity                  
Common equity tier 1 11.1 % 11.1 % 10.7 % 10.3 % 10.4 % 10.0 % 9.3 % 9.5 % 8.8 %
Core capital ratio 12.9 % 13.0 % 12.6 % 12.2 % 11.7 % 11.3 % 10.6 % 11.0 % 10.3 %
Capital adequacy ratio 14.8 % 14.7 % 14.2 % 13.8 % 13.3 % 13.3 % 11.9 % 12.4 % 11.8 %
Core capital 11,303 10,989 10,707 10,508 9,686 9,357 8,826 8,722 7,902
Net equity and related capital 12,893 12,417 12,053 11,894 10,971 10,943 9,891 9,900 9,008
                   
Key figures ECC *)                  
ECC price  53.75 55.00 45.70 46.50 46.90 34.80 37.00 32.10 36.60
Number of certificates issued, millions 129.83 129.83 129.83 129.83 129.83 129.83 129.83 124.21 124.21
Booked equity capital per ECC (including dividend) 56.39 55.69 53.76 51.66 50.32 50.09 49.00 47.97 46.82
Profit per ECC, majority 2.48 1.79 2.18 1.43 1.55 1.29 1.54 1.22 1.41
Price-Earnings Ratio 5.42 7.68 5.23 8.13 7.55 6.74 6.09 6.58 6.49
Price-Book Value Ratio 0.95 0.99 0.85 0.90 0.93 0.69 0.76 0.67 0.78

 *) The key figures are corrected for issues

Report and notes

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