Main figures

  January-March 2017 January-March 2016 2016
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  522 1.49 469 1.41 1,883 1.37
Net commission income and other income 455 1.30 401 1.20 1,674 1.22
Net return on financial investments  138 0.39 172 0.52 944 0.69
Total income 1,115 3.18 1,042 3.13 4,502 3.28
Total operating expenses 571 1.63 489 1.47 2,003 1.46
Results before losses 544 1.55 553 1.66 2,499 1.82
Loss on loans, guarantees etc 89 0.26 170 0.51 516 0.38
Results before tax 454 1.30 383 1.15 1,983 1.45
Tax charge 96 0.27 72 0.22 341 0.25
Result investment held for sale, after tax 0 0.00 0 0.00 4 0.00
Net profit 358 1.02 311 0.93 1,647 1.20
             
Key figures  31 Mar 2017   31 Mar 2016   31 Dec 2016  
Profitability            
Return on equity 2) 9.4 %   8.9 %   11.3 %  
Cost-income ratio 3) 51 %   47 %   44 %  
Balance sheet figures            
Gross loans to customers  104,117   95,331   102,325  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 140,038   129,520   137,535  
Deposits from customers 70,176   63,851   67,168  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 67 %   67 %   66 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 50 %   49 %   49 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 8.1 %   5.4 %   8.0 %  
Growth in deposits last 12 months 9.9 %   5.4 %   4.8 %  
Average total assets 140,061   133,129   137,060  
Total assets 142,042   134,345   138,080  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.26 %   0.53 %   0.39 %  
Non-performing commitm. as a percentage of gross loans 4) 0.15 %   0.16 %   0.16 %  
Other doubtful commitm. as a percentage of gross loans 4) 0.77 %   0.32 %   1.07 %  
Solidity            
Capital adequacy ratio 19.0 %   18.1 %   19.4 %  
Core capital ratio 16.8 %   15.6 %   17.0 %  
Common equity tier 1 ratio 14.8 %   13.6 %   14.9 %  
Core capital 15,254   14,237   15,069  
Net equity and related capital 17,288   16,516   17,185  
Liquidity Coverage Ratio (LCR) 136 %   110 %   129 %  
Leverage Ratio 7.4 %   6.8 %   7.4 %  
Branches and staff            
Number of branches 48   49   48  
No. Of full-time positions 1,362   1,216   1,254  

 

Key figures ECC 31 Mar 2017 31 Mar 2016 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013
ECC ratio 64.0 % 64.0 % 64.0 % 64.0 % 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) 66.50 52.75 64.75 50.50 58.50 55.00
Stock value (NOKM) 8,634 6,849 8,407 6,556 7,595 7,141
Booked equity capital per ECC (including dividend) 72.03 67.37 73.26 67.65 62.04 55.69
Profit per ECC, majority 1.73 1.49 7.91 7.02 8.82 6.92
Dividend per ECC     3.00 2.25 2.25 1.75
Price-Earnings Ratio 9.59 8.83 8.19 7.19 6.63 7.95
Price-Book Value Ratio 0.92 0.78 0.88 0.75 0.94 0.99
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
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1st quarter 2017

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