Main figures (Group)

 

  January - December January - December  
  2017 2016  
From the income statement NOKm % 1)  NOKm % 1)   
Net interest  2,225 1.52 1,929 1.41  
Net commission income and other income 2,005 1.37 1,674 1.22  
Net return on financial investments  760 0.52 944 0.69  
Total income 4,989 3.42 4,547 3.32  
Total operating expenses 2,369 1.62 2,003 1.46  
Results before losses 2,621 1.80 2,544 1.86  
Loss on loans, guarantees etc 341 0.23 516 0.38  
Results before tax 2,279 1.56 2,029 1.48  
Tax charge 450 0.31 352 0.26  
Result investment held for sale, after tax -1 0.00 4 0.00  
Net profit 1,828 1.25 1,681 1.23  
Interest Tier 1 Capital 33   34    
Net profit excl. Interest Tier 1 Capitial 1,795   1,647    
           
Key figures  31 Dec 2017   31 Dec 2016    
Profitability          
Return on equity 2) 11.5 %   11.3 %    
Cost-income ratio 2) 47 %   44 %    
Balance sheet figures          
Gross loans to customers  112,071   102,325    
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 148,784   137,535    
Deposits from customers 76,476   67,168    
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 68 %   66 %    
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 51 %   49 %    
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 8.2 %   8.0 %    
Growth in deposits last 12 months 2) 13.9 %   4.8 %    
Average total assets 145,948   137,060    
Total assets 153,254   138,080    
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt          
Impairment losses ratio 2) 0.23 %   0.39 %    
Non-performing commitm. as a percentage of gross loans 2) 0.19 %   0.16 %    
Other doubtful commitm. as a percentage of gross loans 2) 0.80 %   1.07 %    
Solidity          
Capital adequacy ratio 19.0 %   19.4 %    
Core capital ratio 16.9 %   17.0 %    
Common equity tier 1 ratio 14.9 %   14.9 %    
Core capital 15,824   15,069    
Net equity and related capital 17,746   17,185    
Liquidity Coverage Ratio (LCR) 164 %   129 %    
Leverage Ratio 7.2 %   7.4 %    
Branches and staff          
Number of branches 48   48    
No. Of full-time positions 1,403   1,254    
1) Calculated as a percentage of average total assets
2) Defined as alternative performance measures, see attachment to the quarterly report.

 

 

Key figures ECC
31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013
ECC ratio 64.0 % 64.0 % 64.0 % 64.6 % 64.6 %
Number of certificates issued, millions 2) 129.38 129.64 129.43 129.83 129.83
ECC share price at end of period (NOK) 82.25 64.75 50.50 58.50 55.00
Stock value (NOKM) 10,679 8,407 6,556 7,595 7,141
Booked equity capital per ECC (including dividend) 2) 78.81 73.35 67.39 62.04 55.69
Profit per ECC, majority 2) 8.71 7.93 6.96 8.82 6.92
Dividend per ECC 4.40 3.00 2.25 2.25 1.75
Price-Earnings Ratio 2) 9.44 8.17 7.26 6.63 7.95
Price-Book Value Ratio2) 1.04 0.88 0.75 0.94 0.99
2) Defined as alternative performance measures, see attachment to the quarterly report.
© SpareBank 1 SMN