Main figures

  January - March  
  2018 2017 2017
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  568 1.49 533 1.52 2,225 1.52
Net commission income and other income 542 1.42 455 1.30 2,005 1.37
Net return on financial investments  180 0.47 138 0.39 760 0.52
Total income 1,290 3.38 1,126 3.22 4,989 3.42
Total operating expenses 645 1.69 571 1.63 2,369 1.62
Results before losses 645 1.69 555 1.59 2,621 1.80
Loss on loans, guarantees etc 48 0.13 89 0.26 341 0.23
Results before tax 596 1.56 466 1.33 2,279 1.56
Tax charge 131 0.34 99 0.28 450 0.31
Result investment held for sale, after tax 1 0.00 0 0.00 -1 0.00
Net profit 466 1.22 367 1.05 1,828 1.25
Interest Tier 1 Capital 11   9   33  
Net profit excl. Interest Tier 1 Capital 455   358   1,795  
             
Key figures  31 Mar 2018   31 Mar 2017   31 Dec 2017  
Profitability            
Return on equity 2) 11.2 %   9.4 %   11.5 %  
Cost-income ratio 2) 50 %   51 %   47 %  
Balance sheet figures            
Gross loans to customers  113,174   104,117   112,071  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 151,065   140,038   148,784  
Deposits from customers 75,937   70,176   76,476  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 67 %   67 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 50 %   50 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 7.9 %   8.1 %   8.2 %  
Growth in deposits last 12 months 8.2 %   9.9 %   13.9 %  
Average total assets 152,668   140,061   145,948  
Total assets 152,083   142,042   153,254  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.13 %   0.26 %   0.23 %  
Non-performing commitm. as a percentage of gross loans 2) 0.19 %   0.15 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 0.90 %   0.77 %   0.80 %  
Solidity            
Capital adequacy ratio 18.2 %   18.9 %   18.6 %  
Core capital ratio 16.3 %   16.7 %   16.6 %  
Common equity tier 1 ratio 14.6 %   14.7 %   14.6 %  
Core capital 15,697   15,149   15,707  
Net equity and related capital 17,518   17,183   17,629  
Liquidity Coverage Ratio (LCR) 162 %   136 %   164 %  
Leverage Ratio 7.3 %   7.3 %   7.2 %  
Branches and staff            
Number of branches 48   48   48  
No. Of full-time positions 1,393   1,362   1,403  
1) Calculated as a percentage of average total assets
2) Defined as alternative performance mesures, see attachment to the quarterly report

 

Key figures ECC  31 Mar 2018 31 Mar 2017 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014
ECC ratio 63.9 % 64.0 % 64.0 % 64,0 % 64.0 % 64.6 %
Number of certificates issued, millions 2) 129.38 129.48 129.38 129,64 129.43 129.83
ECC share price at end of period (NOK) 80.90 66.50 82.25 64,75 50.50 58.50
Stock value (NOKM) 10,464 8,634 10,679 8,407 6,556 7,595
Booked equity capital per ECC (including dividend) 2) 76.53 72.31 78.81 73.35 67.39 62.04
Profit per ECC, majority 2) 2.21 1.74 8.71 7.93 6.96 8.82
Dividend per ECC     4.40 3.00 2.25 2.25
Price-Earnings Ratio 2) 9.16 9.58 9.44 8.17 7.26 6.63
Price-Book Value Ratio 2) 1.06 0.92 1.04 0.88 0.75 0.94
2) Defined as alternative performance measures, see attachement to quarterly report      

 

                                                                           

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1st quarter 2018

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