| |
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 |
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