Main figures

  30 Sept 2015 30 Sept 2014 2014
From the income statement NOKm % NOKm % NOKm %
Net interest  1,399 1.46 1,305 1.50 1,790 1.52
Net commission income and other income 1,168 1.22 1,140 1.31 1,512 1.28
Net return on financial investments  350 0.37 629 0.72 720 0.61
Total income 2,917 3.05 3,074 3.54 4,021 3.41
Total operating expenses 1,416 1.48 1,310 1.51 1,789 1.52
Results before losses 1,501 1.57 1,765 2.03 2,232 1.89
Loss on loans, guarantees etc 112 0.12 55 0.06 89 0.08
Results before tax 1,389 1.45 1,709 1.97 2,143 1.82
Tax charge 270 0.28 302 0.35 362 0.31
Result investment held for sale, after tax -1 0.00 0 0.00 0 0.00
Net profit 1,119 1.17 1,407 1.62 1,782 1.51
             
Key figures  30 Sept 2015   30 Sept 2014   2014  
Profitability            
Return on equity 1) 11.5 %   16.1 %   15.1 %  
Cost-income ratio 2) 49 %   43 %   44 %  
Balance sheet figures            
Gross loans to customers  94,917   86,724   90,578  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 126,180   116,464   120,435  
Deposits from customers 63,620   58,091   60,680  
Deposit-to-loan ratio 67 %   67 %   67 %  
Growth in loans incl. SB1 Boligkreditt and SB1 Næringskreditt 8.3 %   5.4 %   7.3 %  
Growth in deposits 9.5 %   8.5 %   8.5 %  
Average total assets 127,465   115,730   117,794  
Total assets 129,237   117,194   126,047  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.12 %   0.06 %   0.08 %  
Non-performing commitm. as a percentage of gross loans 3) 0.17 %   0.29 %   0.22 %  
Other doubtful commitm. as a percentage of gross loans 0.36 %   0.18 %   0.18 %  
Solidity            
Capital adequacy ratio 17.9 %   16.1 %   15.7 %  
Core capital ratio 15.2 %   13.4 %   13.0 %  
Common equity tier 1 ratio 13.2 %   11.5 %   11.2 %  
Core capital 13,451   12,302   12,382  
Net equity and related capital 15,886   14,826   14,937  
Branches and staff            
Number of branches 49   49   49  
No. Of full-time positions 1,228   1,186   1,192  
             
Key figures ECC  4) 30 Sept 2015 30 Sept 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) 54.00 59.25 58.50 55.00 34.80 36.31
Stock value (NOKM) 7,011 7,692 7,595 7,141 4,518 3,731
Booked equity capital per ECC (including dividend) 65.52 60.53 62.04 55.69 50.09 48.91
Profit per ECC, majority 5.57 6.97 8.82 6.92 5.21 6.06
Dividend per ECC     2.25 1.75 1.50 1.85
Price-Earnings Ratio 7.27 6.38 6.63 7.95 6.68 5.99
Price-Book Value Ratio 0.82 0.98 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