Main figures (Group)

 

  January-December 2016 January-December 2015
From the income statement NOKm % 1)  NOKm % 1) 
Net interest  1,883 1.37 1,872 1.46
Net commission income and other income 1,674 1.22 1,545 1.20
Net return on financial investments  944 0.69 459 0.36
Total income 4,502 3.28 3,876 3.02
Total operating expenses 2,003 1.46 1,931 1.50
Results before losses 2,499 1.82 1,945 1.52
Loss on loans, guarantees etc 516 0.38 169 0.13
Results before tax 1,983 1.45 1,776 1.38
Tax charge 341 0.25 370 0.29
Result investment held for sale, after tax 4 0.00 -1 0.00
Net profit 1,647 1.20 1,406 1.10

 

Key figures  31 Dec 2016 31 Dec 2015
Profitability    
Return on equity 2) 11.3 % 10.7 %
Cost-income ratio 3) 44 % 50 %
Balance sheet figures    
Gross loans to customers  102,325 93,974
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 137,535 127,378
Deposits from customers 67,168 64,090
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 66 % 68 %
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 49 % 50 %
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 8.0 % 5.8 %
Growth in deposits last 12 months 4.8 % 5.6 %
Average total assets 137,060 128,355
Total assets 138,080 131,914
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt    
Impairment losses ratio  0.39 % 0.14 %
Non-performing commitm. as a percentage of gross loans 4) 0.16 % 0.16 %
Other doubtful commitm. as a percentage of gross loans 4) 1.07 % 0.31 %
Solidity    
Capital adequacy ratio 19.4 % 18.3 %
Core capital ratio 17.0 % 15.6 %
Common equity tier 1 ratio 14.9 % 13.6 %
Core capital 15,069 13,988
Net equity and related capital 17,185 16,378
Liquidity Coverage Ratio (LCR) 129 % 118 %
Branches and staff    
Number of branches 48 49
No. Of full-time positions 1,254 1,208
Key figures ECC  5) 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012
ECC ratio 64.0 % 64.0 % 64.6 % 64.6 % 64.6 %
Number of certificates issued, millions 129.83 129.83 129.83 129.83 129.83
ECC share price at end of period (NOK) 64.75 50.50 58.50 55.00 34.80
Stock value (NOKM) 8,407 6,556 7,595 7,141 4,518
Booked equity capital per ECC (including dividend) 73.26 67.65 62.04 55.69 50.09
Profit per ECC, majority 7.91 7.02 8.82 6.92 5.21
Dividend per ECC 3.00 2.25 2.25 1.75 1.50
Price-Earnings Ratio 8.19 7.19 6.63 7.95 6.68
Price-Book Value Ratio 0.88 0.75 0.94 0.99 0.69
 
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
5) The key figures are corrected for issues
© SpareBank 1 SMN