Main figures

 

  First half    
  2018 2017 2017
From the income statement NOKm %1)  NOKm %1)  NOKm %1) 
Net interest  1,149 1.48 1,066 1.49 2,225 1.52
Net commission income and other income 1,149 1.48 993 1.39 2,005 1.37
Net return on financial investments  480 0.62 269 0.38 760 0.52
Total income 2,778 3.58 2,328 3.25 4,989 3.42
Total operating expenses 1,306 1.69 1,169 1.63 2,369 1.62
Results before losses 1,471 1.90 1,159 1.62 2,621 1.80
Loss on loans, guarantees etc 127 0.16 175 0.24 341 0.23
Results before tax 1,345 1.74 984 1.37 2,279 1.56
Tax charge 287 0.37 210 0.29 450 0.31
Result investment held for sale, after tax 151 0.20 2 0.00 -1 0.00
Net profit 1,209 1.56 776 1.08 1,828 1.25
Interest Tier 1 Capital 20   17   33  
Net profit excl. Interest Tier 1 Capital 1,189   759   1,795  
             
Key figures  30 June 2018   30 June 2017   31 Dec 2017  
Profitability            
Return on equity 2) 14.4 %   9.9 %   11.5 %  
Cost-income ratio 2) 47 %   50 %   47 %  
Balance sheet figures            
Gross loans to customers  115,787   107,358   112,071  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 154,790   143,800   148,784  
Deposits from customers 80,343   75,559   76,476  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 69 %   70 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 52 %   53 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 7.6 %   8.5 %   8.2 %  
Growth in deposits last 12 months 6.3 %   12.7 %   13.9 %  
Average total assets 154,973   143,190   145,948  
Total assets 159,584   149,449   153,254  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.17 %   0.25 %   0.23 %  
Non-performing commitm. as a percentage of gross loans 2) 0.18 %   0.18 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 1.05 %   0.80 %   0.80 %  
Solidity            
Capital adequacy ratio 19.0 %   19.0 %   18.6 %  
Core capital ratio 17.0 %   16.8 %   16.6 %  
Common equity tier 1 ratio 15.0 %   14.9 %   14.6 %  
Core capital 16,488   15,526   15,707  
Net equity and related capital 18,418   17,552   17,629  
Liquidity Coverage Ratio (LCR) 150 %   160 %   164 %  
Leverage Ratio 7.4 %   7.2 %   7.2 %  
Branches and staff            
Number of branches 48   48   48  
No. Of full-time positions 1,439   1,408   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  30 June 2018 30 June 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) 129.31 129.54 129.38 129.64 129.43 129.83
ECC share price at end of period (NOK) 84.50 71.75 82.25 64.75 50.50 58.50
Stock value (NOKM) 10,926 9,316 10,679 8,407 6,556 7,595
Booked equity capital per ECC (including dividend) 2) 80.21 75.40 78.81 73.35 67.39 62.04
Profit per ECC, majority 2) 5.75 3.66 8.71 7.93 6.96 8.82
Dividend per ECC     4.40 3.00 2.25 2.25
Price-Earnings Ratio 2) 7.35 9.80 9.44 8.17 7.26 6.63
Price-Book Value Ratio 2) 1.05 0.95 1.04 0.88 0.75 0.94

2) Defined as alternative performance measures, see attachment to the quarterly report      
© SpareBank 1 SMN