Main figures

  30 Jun 2015 30 Jun 2014 2014
From the income statement NOKm % NOKm % NOKm %
Net interest  934 1.47 843 1.46 1,790 1.52
Net commission income and other income 790 1.25 780 1.35 1,512 1.28
Net return on financial investments  362 0.57 459 0.80 720 0.61
Total income 2,086 3.29 2,081 3.61 4,021 3.41
Total operating expenses 950 1.50 884 1.53 1,789 1.52
Results before losses 1,137 1.79 1,197 2.08 2,232 1.89
Loss on loans, guarantees etc 56 0.09 32 0.05 89 0.08
Results before tax 1,080 1.70 1,165 2.02 2,143 1.82
Tax charge 209 0.33 202 0.35 362 0.31
Result investment held for sale, after tax -1 0.00 0 0.00 0 0.00
Net profit 871 1.37 963 1.67 1,782 1.51
             
Key figures  30 Jun 2015   30 Jun 2014   2014  
Profitability            
Return on equity 1) 13.7 %   16.8 %   15.1 %  
Cost-income ratio 2) 46 %   42 %   44 %  
Balance sheet figures            
Gross loans to customers  94,179   85,464   90,578  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 124,519   114,819   120,435  
Deposits from customers 66,186   59,402   60,680  
Deposit-to-loan ratio 70 %   70 %   67 %  
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt 8.4 %   5.1 %   7,3 %  
Growth in deposits 11.4 %   8.5 %   8,5 %  
Average total assets 126,874   115,243   117,794  
Total assets 130,888   118,758   126,047  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.09 %   0.06 %   0.08 %  
Non-performing commitm. as a percentage of gross loans 3) 0.23 %   0.29 %   0.22 %  
Other doubtful commitm. as a percentage of gross loans 0.30 %   0.18 %   0.18 %  
Solidity            
Capital adequacy ratio 17.3 %   15.0 %   15.7 %  
Core capital ratio 14.6 %   13.3 %   13.0 %  
Common equity tier 1 ratio 12.7 %   11.4 %   11.2 %  
Core capital 13,142   11,635   12,382  
Net equity and related capital 15,577   13,164   14,937  
Branches and staff            
Number of branches 49   49   49  
No. Of full-time positions 1,227   1,167   1,192  
             
Key figures ECC  4) 30 Jun 2015 30 Jun 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 share price at end of period (NOK) 65.50 54.25 58.50 55.00 34.80 36.31
Stock value (NOKM) 8,504 7,043 7,595 7,141 4,518 3,731
Booked equity capital per ECC (including dividend) 64.18 58.32 62.04 55.69 50.09 48.91
Profit per ECC, majority 4.31 4.77 8.82 6.92 5.21 6.06
Dividend per ECC     2.25 1.75 1.50 1.85
Price-Earnings Ratio 7.60 5.68 6.63 7.95 6.68 5.99
Price-Book Value Ratio 1.02 0.93 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
© SpareBank 1 SMN