2nd quarter 2019

Net profit og NOK 1,729m in first half of 2019

  • Pre-tax profit: NOK 2,003m (1,345m)
  • Post-tax profit: NOK 1,729m (1,209m)
  • Return on equity: 19.0 per cent (14.4 per cent)
  • CET1 ratio: 15.0 per cent (15.0 per cent)
  • Growth in lending: 5.7 per cent (7.6 per cent), and in deposits: 7.7 per cent (6.3 per cent) in the last 12 months
  • Growth in lending to retail borrowers: 6.7 per cent (10.6 per cent) in the last 12 months. Lending to retail borrowers accounts for 68 per cent (67 per cent) of total lending
  • Growth in lending to corporate borrowers: 3.6 per cent (2.0 per cent) in the last 12 months
  • Losses on loans and guarantees: NOK 126m (127m) - 0.16 per cent (0.17 per cent) of gross lending
  • Earnings per EC: NOK 8.23 (5.75). Book value per EC: NOK 87.04 (80.21)

Main points second quarter 2019

  • Pre-tax profit: NOK 683m (743m)
  • Return on equity: 14.9 per cent (17.9 per cent)
  • Without one-time gains the profit would have been NOK 567m (503m), and return on equity would have been 12.4 per cent (12.1 per cent)
  • Net profit on financial assets and owner interests: NOK 336m (300m)
  • Losses on loans: NOK 59m (78m) – 0.14 per cent (0.20 per cent of gross lending)
  • Earnings per EC: NOK 3.21 (3.54)
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