Main figures

  First half 2017 First half 2016 2016
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  1,043 1.46 942 1.39 1,883 1.37
Net commission income and other income 993 1.39 849 1.25 1,674 1.22
Net return on financial investments  269 0.38 443 0.65 944 0.69
Total income 2,306 3.22 2,234 3.29 4,502 3.28
Total operating expenses 1,169 1.63 1,016 1.50 2,003 1.46
Results before losses 1,137 1.59 1,217 1.79 2,499 1.82
Loss on loans, guarantees etc 175 0.24 287 0.42 516 0.38
Results before tax 961 1.34 930 1.37 1,983 1.45
Tax charge 205 0.29 157 0.23 341 0.25
Result investment held for sale, after tax 2 0.00 -2 0.00 4 0.00
Net profit 759 1.06 771 1.14 1,647 1.20
             
Key figures  30 June 2017   30 June 2016   31 Dec 2016  
Profitability            
Return on equity 2) 9.9 %   10.9 %   11.3 %  
Cost-income ratio 3) 51 %   46 %   44 %  
Balance sheet figures            
Gross loans to customers  107,358   97,790   102,325  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 143,800   132,583   137,535  
Deposits from customers 75,559   67,031   67,168  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 70 %   69 %   66 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 53 %   51 %   49 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 8.5 %   6.5 %   8.0 %  
Growth in deposits last 12 months 12.7 %   1.3 %   4.8 %  
Average total assets 143,190   135,801   137,060  
Total assets 149,449   141,145   138,080  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio  0.25 %   0.44 %   0.39 %  
Non-performing commitm. as a percentage of gross loans 4) 0.18 %   0.19 %   0.16 %  
Other doubtful commitm. as a percentage of gross loans 4) 0.80 %   0.90 %   1.07 %  
Solidity            
Capital adequacy ratio 19.1 %   18.7 %   19.4 %  
Core capital ratio 16.9 %   16.1 %   17.0 %  
Common equity tier 1 ratio 15.0 %   14.1 %   14.9 %  
Core capital 15,622   14,604   15,069  
Net equity and related capital 17,649   16,882   17,185  
Liquidity Coverage Ratio (LCR) 160 %   149 %   129 %  
Leverage Ratio 7.2 %   6.8 %   7.4 %  
Branches and staff            
Number of branches 48   49   48  
No. Of full-time positions 1,408   1,252   1,254  

 

 

Key figures ECC  5) 30 June 2017 30 June 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) 71.75 46.70 64.75 50.50 58.50 55.00
Stock value (NOKM) 9,316 6,063 8,407 6,556 7,595 7,141
Booked equity capital per ECC (including dividend) 73.85 69.18 73.26 67.65 62.04 55.69
Profit per ECC, majority 3.65 3.71 7.91 7.02 8.82 6.92
Dividend per ECC     3.00 2.25 2.25 1.75
Price-Earnings Ratio 9.82 6.30 8.19 7.19 6.63 7.95
Price-Book Value Ratio 0.97 0.68 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
5) The key figures are corrected for issues
© SpareBank 1 SMN