| |
30 Sep 2014 |
30 Sep 2013 |
2013 |
| From the profit and loss account |
NOKm |
% |
NOKm |
% |
NOKm |
% |
| Net interest |
1,305 |
1.50 |
1,180 |
1.42 |
1,616 |
1.44 |
| Commission income and other income |
1,140 |
1.31 |
1,081 |
1.30 |
1,463 |
1.31 |
| Net return on financial investments |
629 |
0.72 |
346 |
0.42 |
502 |
0.45 |
| Total income |
3,074 |
3.54 |
2,607 |
3.13 |
3,580 |
3.20 |
| Total operating expenses |
1,310 |
1.51 |
1,256 |
1.51 |
1,722 |
1.54 |
| Results |
1,765 |
2.03 |
1,350 |
1.62 |
1,859 |
1.66 |
| Loss on loans, guarantees etc |
55 |
0.06 |
68 |
0.08 |
101 |
0.09 |
| Results before tax |
1,709 |
1.97 |
1,282 |
1.54 |
1,758 |
1.57 |
| Tax charge |
302 |
0.35 |
278 |
0.33 |
388 |
0.35 |
| Result investment held for sale, after tax |
0 |
0.00 |
34 |
0.04 |
30 |
0.03 |
| Net profit |
1,407 |
1.62 |
1,038 |
1.25 |
1,400 |
1.25 |
| |
|
|
|
|
|
|
| Key figures |
30 Sep 2014 |
|
30 Sep 2013 |
|
2013 |
|
| Profitability |
|
|
|
|
|
|
| Return on equity 1) |
16.1 % |
|
13.3 % |
|
13.3 % |
|
| Cost-income ratio 2) |
43 % |
|
48 % |
|
48 % |
|
| Balance sheet |
|
|
|
|
|
|
| Gross loans to customers |
86,485 |
|
79,842 |
|
80,303 |
|
| Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt |
116,225 |
|
110,237 |
|
112,038 |
|
| Deposits from customers |
58,000 |
|
53,474 |
|
56,074 |
|
| Deposit-to-loan ratio |
67 % |
|
67 % |
|
70 % |
|
| Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt |
5.4 % |
|
6.7 % |
|
6.8 % |
|
| Growth in deposits |
8.5 % |
|
5.1 % |
|
7.3 % |
|
| Average total assets |
115,730 |
|
110,963 |
|
111,843 |
|
| Total assets |
117,194 |
|
111,977 |
|
115,360 |
|
| Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt |
|
|
|
|
|
|
| Impairment losses ratio |
0.06 % |
|
0.08 % |
|
0.09 % |
|
| Non-performing commitm. as a percentage of gross loans 3) |
0.29 % |
|
0.35 % |
|
0.34 % |
|
| Other doubtful commitm. as a percentage of gross loans |
0.18 % |
|
0.19 % |
|
0.14 % |
|
| Solidity |
|
|
|
|
|
|
| Capital adequacy ratio |
16.1 % |
|
14.2 % |
|
14.7 % |
|
| Core capital ratio |
13.4 % |
|
12.6 % |
|
13.0 % |
|
| Common equity tier 1 |
11.5 % |
|
10.7 % |
|
11.1 % |
|
| Core capital |
12,302 |
|
10,707 |
|
10,989 |
|
| Net equity and related capital |
14,826 |
|
12,053 |
|
12,417 |
|
| Branches and staff |
|
|
|
|
|
|
| Number of branches |
49 |
|
48 |
|
50 |
|
| No. Of full-time positions |
1,186 |
|
1,165 |
|
1,159 |
|
| |
|
|
|
|
|
|
| Key figures ECC 4) |
30 Sep 2014 |
30 Sep 2013 |
2013 |
2012 |
2011 |
2010 |
| ECC ratio |
64.6 % |
64.6 % |
64.6 % |
64.6 % |
60.6 % |
61.3 % |
| Number of certificates issued, (millions) |
129.83 |
129.83 |
129.83 |
129.83 |
102.76 |
102.74 |
| ECC price |
59.25 |
45.70 |
55.00 |
34.80 |
36.31 |
49.89 |
| Stock value (NOKM) |
7,692 |
5,933 |
7,141 |
4,518 |
3,731 |
5,124 |
| Booked equity capital per ECC (including dividend) |
60.53 |
53.76 |
55.69 |
50.09 |
48.91 |
46.17 |
| Profit per ECC, majority |
6.97 |
5.13 |
6.92 |
5.21 |
6.06 |
5.94 |
| Dividend per ECC |
|
|
1.75 |
1.50 |
1.85 |
2.77 |
| Price-Earnings Ratio |
6.38 |
6.68 |
7.95 |
6.68 |
5.99 |
8.40 |
| Price-Book Value Ratio |
0.98 |
0.85 |
0.99 |
0.69 |
0.74 |
1.08 |
| 1) Net profit as a percentage of average equity2) Total operating expenses as a percentage of total operating income3) Defaults and doubtful loans are reported on the basis of gross lending, including loans sold to SpareBank 1 Boligkreditt, SpareBank 1 Næringskreditt, and guarantees drawn4) The key figures are corrected for issues |
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