Main figures

  30 June 2016 30 June 2015 2015
From the income statement NOKm % NOKm % NOKm %
Net interest  942 1.39 934 1.47 1,872 1.46
Net commission income and other income 849 1.25 790 1.25 1,545 1.20
Net return on financial investments  443 0.65 362 0.57 459 0.36
Total income 2,234 3.29 2,086 3.29 3,876 3.02
Total operating expenses 1,016 1.50 950 1.50 1,931 1.50
Results before losses 1,217 1.79 1,137 1.79 1,945 1.52
Loss on loans, guarantees etc 287 0.42 56 0.09 169 0.13
Results before tax 930 1.37 1,080 1.70 1,776 1.38
Tax charge 157 0.23 209 0.33 370 0.29
Result investment held for sale, after tax -2 0.00 -1 0.00 -1 0.00
Net profit 771 1.14 871 1.37 1,406 1.10
             
Key figures  30 June 2016   30 June 2015   2015  
Profitability            
Return on equity 1) 10.9 %   13.7 %   10.7 %  
Cost-income ratio 2) 46 %   46 %   50 %  
Balance sheet figures            
Gross loans to customers  97,790   94,179   93,974  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 132,583   124,519   127,378  
Deposits from customers 67,031   66,186   64,090  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 69 %   70 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 51 %   53 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 6.5 %   8.4 %   5.8 %  
Growth in deposits last 12 months 1.3 %   11.4 %   5.6 %  
Average total assets 135,801   126,874   128,355  
Total assets 141,145   130,888   131,914  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.44 %   0.09 %   0.14 %  
Non-performing commitm. as a percentage of gross loans 3) 0.19 %   0.23 %   0.16 %  
Other doubtful commitm. as a percentage of gross loans 0.90 %   0.30 %   0.31 %  
Solidity            
Capital adequacy ratio 18.7 %   17.3 %   18.3 %  
Core capital ratio 16.1 %   14.6 %   15.6 %  
Common equity tier 1 ratio 14.1 %   12.7 %   13.6 %  
Core capital 14,604   13,142   13,988  
Net equity and related capital 16,882   15,577   16,378  
Liquidity Coverage Ratio (LCR) 149 %   102 %   118 %  
Branches and staff            
Number of branches 49   49   49  
No. Of full-time positions 1,252   1,227   1,208  

 

Key figures ECC  4) 30 June 2016 30 June 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) 46.70 65.50 50.50 58.50 55.00 34.80
Stock value (NOKM) 6,063 8,504 6,556 7,595 7,141 4,518
Booked equity capital per ECC (including dividend) 69.18 64.18 67.65 62.04 55.69 50.09
Profit per ECC, majority 3.71 4.31 7.02 8.82 6.92 5.21
Dividend per ECC     2.25 2.25 1.75 1.50
Price-Earnings Ratio 6.30 7.60 7.19 6.63 7.95 6.68
Price-Book Value Ratio 0.68 1.02 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

 

 

© SpareBank 1 SMN