4th quarter 2014

Preliminary annual accounts 2014

Consolidated figures. Figures in parentheses refer to 2013 unless otherwise stated

Profit of NOK 1,782m after tax

• Profit before tax and assets held for sale: NOK 2,143m (1,758m)
• Net profit: NOK 1,782m (1,400m)
• Return on equity: 15.1 per cent (13.3 per cent)
• CET1 ratio: 11.2 per cent (11.1 per cent)
• Growth in lending 7.3 per cent (6.8 per cent) and in deposits 10.9 per cent (7.3 per cent)
• Loan losses: NOK 89m (101m)
• Earnings per equity certificate (EC): NOK 8.82 (6.92). Book value per EC, incl. recommended dividend for 2014: NOK 62.04 (55.69)
• Recommended dividend: NOK 2.25 per EC. Allocation to non-profit causes: NOK 160m

Fourth quarter 2014

• Profit before tax: NOK 434m (476m)
• Net profit: NOK 375m (361m)
• Return on equity: 12.1 per cent (13.1 per cent)
• Loan losses: NOK 34m (32m)
• Earnings per EC: NOK 1.85 (NOK 1.79)