Main figures

  31 Mar 2015 31 Mar 2014 2014
From the profit and loss account NOKm % NOKm % NOKm %
Net interest  467 1.50 412 1.45 1,790 1.52
Commission income and other income 377 1.21 385 1.36 1,512 1.28
Net return on financial investments  198 0.63 257 0.91 720 0.61
Total income 1,042 3.34 1,055 3.72 4,021 3.41
Total operating expenses 454 1.45 441 1.56 1,789 1.52
Results 588 1.88 614 2.16 2,232 1.89
Loss on loans, guarantees etc 22 0.07 17 0.06 89 0.08
Results before tax 567 1.82 597 2.10 2,143 1.82
Tax charge 126 0.40 99 0.35 362 0.31
Result investment held for sale, after tax -0 0.00 1 0.00 0 0.00
Net profit 441 1.41 500 1.76 1,782 1.51
             
Key figures  31 Mar 2015   31 Mar 2014   2014  
Profitability            
Return on equity 1) 14.1 %   17.7 %   15.1 %  
Cost-income ratio 2) 44 %   42 %   44 %  
Balance sheet            
Gross loans to customers  92,311   79,606   90,578  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 122,933   111,800   120,435  
Deposits from customers 60,589   54,643   60,680  
Deposit-to-loan ratio 66 %   69 %   67 %  
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt 10.0 %   4.4 %   7.3 %  
Growth in deposits 10.9 %   5.4 %   8.5 %  
Average total assets 124,867   113,485   117,794  
Total assets 123,687   111,609   126,047  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.07 %   0.06 %   0.11 %  
Non-performing commitm. as a percentage of gross loans 3) 0.19 %   0.24 %   0.22 %  
Other doubtful commitm. as a percentage of gross loans 0.18 %   0.21 %   0.18 %  
Solidity            
Capital adequacy ratio 17.0 %   14.8 %   15.7 %  
Core capital ratio 14.3 %   12.9 %   13.0 %  
Common equity tier 1 12.3 %   11.1 %   11.2 %  
Core capital 12,713   11,303   12,382  
Net equity and related capital 15,147   12,893   14,937  
Branches and staff            
Number of branches 49   50   49  
No. Of full-time positions 1,157   1,157   1,192  
             
Key figures ECC  4) 31 Mar 2015 31 Mar 2014 2014 2013 2012 2011
ECC ratio 64.6 % 64.6 % 64.6 % 64.6 % 64.6 % 60.6 %
Number of certificates issued, millions 129.83 129.83 129.83 129.83 129.83 102.76
ECC price  59.50 53.75 58.50 55.00 34.80 36.31
Stock value (NOKM) 7,725 6,978 7,595 7,141 4,518 3,731
Booked equity capital per ECC (including dividend) 61.95 56.39 62.04 55.69 50.09 48.91
Profit per ECC, majority 2.18 2.48 8.82 6.92 5.21 6.06
Dividend per ECC     2.25 1.75 1.50 1.85
Price-Earnings Ratio 6.81 5.42 6.63 7.95 6.68 5.99
Price-Book Value Ratio 0.96 0.95 0.94 0.99 0.69 0.74
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
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