Main figures

  31 Mar 2016 31 Mar 2015 2015
From the income statement NOKm % NOKm % NOKm %
Net interest  469 1.41 467 1.50 1,872 1.46
Net commission income and other income 401 1.20 377 1.21 1,545 1.20
Net return on financial investments  172 0.52 198 0.63 459 0.36
Total income 1,042 3.13 1,042 3.34 3,876 3.02
Total operating expenses 489 1.47 454 1.45 1,931 1.50
Results before losses 553 1.66 588 1.88 1,945 1.52
Loss on loans, guarantees etc 170 0.51 22 0.07 169 0.13
Results before tax 383 1.15 567 1.82 1,776 1.38
Tax charge 72 0.22 126 0.40 370 0.29
Result investment held for sale, after tax 0 0.00 0 0.00 -1 0.00
Net profit 311 0.93 441 1.41 1,406 1.10
             
Key figures  31 Mar 2016   31 Mar 2015   2015  
Profitability            
Return on equity 1) 8.9 %   14.1 %   10.7 %  
Cost-income ratio 2) 47 %   44 %   50 %  
Balance sheet figures            
Gross loans to customers  95,331   92,311   93,974  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 129,520   122,933   127,378  
Deposits from customers 63,851   60,589   64,090  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 67 %   66 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 49 %   49 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 5.4 %   10.0 %   5.8 %  
Growth in deposits last 12 months 5.4 %   10.9 %   5.6 %  
Average total assets 133,129   124,867   128,355  
Total assets 134,345   123,687   131,914  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.53 %   0.07 %   0.14 %  
Non-performing commitm. as a percentage of gross loans 3) 0.13 %   0.19 %   0.13 %  
Other doubtful commitm. as a percentage of gross loans 0.31 %   0.18 %   0.30 %  
Solidity            
Capital adequacy ratio 18.1 %   17.0 %   18.3 %  
Core capital ratio 15.6 %   14.3 %   15.6 %  
Common equity tier 1 ratio 13.6 %   12.3 %   13.6 %  
Core capital 14,237   12,713   13,988  
Net equity and related capital 16,516   15,147   16,378  
Branches and staff            
Number of branches 49   49   49  
No. Of full-time positions 1,216   1,157   1,208  

 

Key figures ECC  4) 31 Mar 2016 31 Mar 2015  2015  2014  2013  2012
ECC ratio 64.0 % 64.6 % 64.0 % 64.6 % 64.6 % 64.6 %
Number of certificates issued, millions 129.83 129.83 129.83 129.83 129.83 129.83
ECC share price at end of period (NOK) 52.75 59.50 50.50 58.50 55.00 34.80
Stock value (NOKM) 6,849 7,725 6,556 7,595 7,141 4,518
Booked equity capital per ECC (including dividend) 67.37 61.95 67.65 62.04 55.69 50.09
Profit per ECC, majority 1.49 2.18 7.02 8.82 6.92 5.21
Dividend per ECC     2.25 2.25 1.75 1.50
Price-Earnings Ratio 8.83 6.81 7.19 6.63 7.95 6.68
Price-Book Value Ratio 0.78 0.96 0.75 0.94 0.99 0.69
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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1st quarter 2016

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