1st quarter 2019

Main points for the first quarter 2019

  • The post-tax profit was NOK 1,046m. This is an improvement of NOK 580m compared with the first quarter of 2018, essentially due to a gain of NOK 460m on the establishment of Fremtind. The owners of Fremtind are SpareBank 1 and DNB, with a stake of 65 per cent and 35 per cent respectively. The improvement over and above this figure is down to increased operating income and good return on financial investments
  • Return on equity is 23.3 per cent. Disregarding the above-mentioned gain, return on equity is 12.8 per cent
  • A considerable increase in the customer base and high growth in all product areas


Post-tax profit of NOK 1,046m

  • Pre-tax profit: NOK 1,155m (596m)
  • Post-tax profit: NOK 1,046m (466m)
  • Return on equity: 23.3 per cent (11.2 per cent)
  • CET1 ratio: 14.8 per cent (14.6 per cent)
  • Growth in lending: 6.6 per cent (7.9 per cent) and in deposits: 6.8 per cent (8.2 per cent)
  • Lending to retail borrowers accounts for 68 per cent (67 per cent) of total lending
  • Losses on loans and guarantees: NOK 67m (48m)
  • Earnings per EC: NOK 5.02 (2.21). Book value per EC: NOK 83.86 (76.53)
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