Main figures

  Jan-Dec
  2018 2017
From the income statement NOKm % 1)  NOKm % 1) 
Net interest  2,403 1.53 2,225 1.52
Net commission income and other income 2,177 1.39 2,005 1.37
Net return on financial investments  757 0.48 760 0.52
Total income 5,337 3.40 4,989 3.42
Total operating expenses 2,624 1.67 2,369 1.62
Results before losses 2,713 1.73 2,621 1.80
Loss on loans, guarantees etc 263 0.17 341 0.23
Results before tax 2,450 1.56 2,279 1.56
Tax charge 509 0.32 450 0.31
Result investment held for sale, after tax 149 0.10 -1 0.00
Net profit 2,090 1.33 1,828 1.25
Interest Tier 1 Capital 37   33  
Net profit excl. Interest Tier 1 Capital 2,052   1,795  
         
Key figures  31 Dec 2018   31 Dec 2017  
Profitability        
Return on equity 2) 12.2 %   11.5 %  
Cost-income ratio 2) 49 %   47 %  
Balance sheet figures        
Gross loans to customers  120,473   112,071  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 160,317   148,784  
Deposits from customers 80,615   76,476  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 67 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 50 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 7.8 %   8.2 %  
Growth in deposits last 12 months 5.4 %   13.9 %  
Average total assets 156,992   145,948  
Total assets 160,704   153,254  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt        
Impairment losses ratio  2) 0.17 %   0.24 %  
Non-performing commitm. as a percentage of gross loans 2) 0.19 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 0.86 %   0.80 %  
Solidity        
Capital adequacy ratio 18.5 %   18.6 %  
Core capital ratio 16.3 %   16.6 %  
Common equity tier 1 ratio 14.6 %   14.6 %  
Core capital 16,472   15,707  
Net equity and related capital 18,743   17,629  
Liquidity Coverage Ratio (LCR) 183 %   164 %  
Leverage Ratio 7.4 %   7.2 %  
Branches and staff        
Number of branches 48   48  
No. Of full-time positions 1,493   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 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014
ECC ratio 64.0 % 64.0 % 64.0 % 64.0 % 64.6 %
Number of certificates issued, millions 2) 129.62 129.38 129.64 129.43 129.83
ECC share price at end of period (NOK) 84.20 82.25 64.75 50.50 58.50
Stock value (NOKM) 10,914 10,679 8,407 6,556 7,595
Booked equity capital per ECC (including dividend) 2) 83.87 78.81 73.35 67.39 62.04
Profit per ECC, majority 2) 9.97 8.71 7.93 6.96 8.82
Dividend per ECC  5.10 4.40  3.00 2.25 2.25
Price-Earnings Ratio 2) 8.44 9.44 8.17 7.26 6.63
Price-Book Value Ratio 2) 1.00 1.04 0.88 0.75 0.94
2) Defined as alternative performance measures, see attachement to quarterly report     
© SpareBank 1 SMN