Main figures

  January-September  
  2016 2015 2015
From the income statement NOKm %1) NOKm %1) NOKm %1)
Net interest  1,391 1.36 1,399 1.46 1,872 1.46
Net commission income and other income 1,260 1.23 1,168 1.22 1,545 1.20
Net return on financial investments  717 0.70 350 0.37 459 0.36
Total income 3,368 3.28 2,917 3.05 3,876 3.02
Total operating expenses 1,521 1.48 1,416 1.48 1,931 1.50
Results before losses 1,847 1.80 1,501 1.57 1,945 1.52
Loss on loans, guarantees etc 417 0.41 112 0.12 169 0.13
Results before tax 1,430 1.39 1,389 1.45 1,776 1.38
Tax charge 242 0.24 270 0.28 370 0.29
Result investment held for sale, after tax -3 0.00 -1 0.00 -1 0.00
Net profit 1,185 1.15 1,119 1.17 1,406 1.10
             
Key figures  30 Sept 2016   30 Sept 2015   31 Dec 2015  
Profitability            
Return on equity 2) 11.0 %   11.5 %   10.7 %  
Cost-income ratio 3) 45 %   49 %   50 %  
Balance sheet figures            
Gross loans to customers  99,569   94,917   93,974  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 134,462   126,180   127,378  
Deposits from customers 66,290   63,620   64,090  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 67 %   67 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 49 %   50 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 6.6 %   8.3 %   5.8 %  
Growth in deposits last 12 months 4.2 %   9.5 %   5.6 %  
Average total assets 136,805   127,465   128,355  
Total assets 139,815   129,237   131,914  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.42 %   0.12 %   0.14 %  
Non-performing commitm. as a percentage of gross loans 4) 0.16 %   0.17 %   0.16 %  
Other doubtful commitm. as a percentage of gross loans 4) 1.01 %   0.36 %   0.31 %  
Solidity            
Capital adequacy ratio 18.8 %   17.9 %   18.3 %  
Core capital ratio 16.3 %   15.2 %   15.6 %  
Common equity tier 1 ratio 14.3 %   13.2 %   13.6 %  
Core capital 14,736   13,451   13,988  
Net equity and related capital 17,011   15,886   16,378  
Liquidity Coverage Ratio (LCR) 138 %   76 %   118 %  
Branches and staff            
Number of branches 49   49   49  
No. Of full-time positions 1,205   1,228   1,208  

1) Calculated as a percentage of average total assets
2) Net profit as a percentage of average equity
3) Total operating expenses as a percentage of total operating income
4) 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

 

Key figures ECC  5) 30 Sept 2016 30 Sept 2015 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 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) 55.75 54.00 50.50 58.50 55.00 34.80
Stock value (NOKM) 7,238 7,011 6,556 7,595 7,141 4,518
Booked equity capital per ECC (including dividend) 71.17 65.52 67.65 62.04 55.69 50.09
Profit per ECC, majority 5.70 5.57 7.02 8.82 6.92 5.21
Dividend per ECC     2.25 2.25 1.75 1.50
Price-Earnings Ratio 7.33 7.27 7.19 6.63 7.95 6.68
Price-Book Value Ratio 0.78 0.82 0.75 0.94 0.99 0.69
5) The key figures are corrected for issues
© SpareBank 1 SMN