Main figures

  January-September  
  2017 2016 2016
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  1,603 1.48 1,391 1.36 1,883 1.37
Net commission income and other income 1,475 1.36 1,260 1.23 1,674 1.22
Net return on financial investments  504 0.47 717 0.70 944 0.69
Total income 3,582 3.31 3,368 3.28 4,502 3.28
Total operating expenses 1,751 1.62 1,521 1.48 2,003 1.46
Results before losses 1,831 1.69 1,847 1.80 2,499 1.82
Loss on loans, guarantees etc 263 0.24 417 0.41 516 0.38
Results before tax 1,568 1.45 1,430 1.39 1,983 1.45
Tax charge 320 0.30 242 0.24 341 0.25
Result investment held for sale, after tax 2 0.00 -3 0.00 4 0.00
Net profit 1,250 1.16 1,185 1.15 1,647 1.20
             
Key figures  30 Sept 2017   30 Sept 2016   31 Dec 2016  
Profitability            
Return on equity 2) 10.8 %   11.0 %   11.3 %  
Cost-income ratio 3) 49 %   45 %   44 %  
Balance sheet figures            
Gross loans to customers  110,695   99,569   102,325  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 147,146   134,462   137,535  
Deposits from customers 73,086   66,290   67,168  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 66 %   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) 9.4 %   6.6 %   8.0 %  
Growth in deposits last 12 months 10.3 %   4.2 %   4.8 %  
Average total assets 144,121   136,805   137,060  
Total assets 146,913   139,815   138,080  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.25 %   0.42 %   0.39 %  
Non-performing commitm. as a percentage of gross loans 4) 0.18 %   0.16 %   0.16 %  
Other doubtful commitm. as a percentage of gross loans 4) 0.83 %   1.01 %   1.07 %  
Solidity            
Capital adequacy ratio 19.1 %   18.8 %   19.4 %  
Core capital ratio 16.6 %   16.3 %   17.0 %  
Common equity tier 1 ratio 14.7 %   14.3 %   14.9 %  
Core capital 15,807   14,736   15,069  
Net equity and related capital 18,093   17,011   17,185  
Liquidity Coverage Ratio (LCR) 124 %   138 %   129 %  
Leverage Ratio 7.5 %   7.1 %   7.4 %  
Branches and staff            
Number of branches 48   49   48  
No. Of full-time positions 1.415   1,205   1,254  

 

Key figures ECC 30 Sept 2017 30 Sept 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) 81.25 55.75 64.75 50.50 58.50 55.00
Stock value (NOKM) 10,549 7,238 8,407 6,556 7,595 7,141
Booked equity capital per ECC (including dividend) 76.21 71.17 73.26 67.65 62.04 55.69
Profit per ECC, majority 6.06 5.70 7.91 7.02 8.82 6.92
Dividend per ECC     3.00 2.25 2.25 1.75
Price-Earnings Ratio 10.05 7.33 8.19 7.19 6.63 7.95
Price-Book Value Ratio 1.07 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
© SpareBank 1 SMN