Main figures

 

  First half    
  2019 2018 2018
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  1,313 1.60 1,149 1.48 2,403 1.53
Net commission income and other income 1,157 1.41 1,149 1.48 2,177 1.39
Net return on financial investments  1,063 1.29 480 0.62 757 0.48
Total income 3,533 4.30 2,778 3.58 5,337 3.40
Total operating expenses 1,404 1.71 1,306 1.69 2,624 1.67
Results before losses 2,129 2.59 1,471 1.90 2,713 1.73
Loss on loans, guarantees etc 126 0.15 127 0.16 263 0.17
Results before tax 2,003 2.44 1,345 1.74 2,450 1.56
Tax charge 274 0.33 287 0.37 509 0.32
Result investment held for sale, after tax 0 0.00 151 0.20 149 0.10
Net profit 1,729 2.11 1,209 1.56 2,090 1.33
Interest Tier 1 Capital 29   20   37  
Net profit excl. Interest Tier 1 Capital 1,700   1,189   2,052  
             
Key figures  30 June 2019   30 June 2018   31 Dec 2018  
Profitability            
Return on equity 2) 19.0 %   14.4 %   12.2 %  
Cost-income ratio 2) 40 %   47 %   49 %  
Balance sheet figures            
Gross loans to customers  121,895   115,787   120,473  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 163,627   154,790   160,317  
Deposits from customers 86,553   80,343   80,615  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 71 %   69 %   67 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 53 %   52 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 5.7 %   7.6 %   7.8 %  
Growth in deposits last 12 months 7.7 %   6.3 %   5.4 %  
Average total assets 164,211   154,973   156,992  
Total assets 167,289   159,584   160,704  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.16 %   0.17 %   0.17 %  
Non-performing commitm. as a percentage of gross loans 2) 0.22 %   0.18 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 1.00 %   1.05 %   0.86 %  
Solidity            
Capital adequacy ratio 18.8 %   19.0 %   18.5 %  
Core capital ratio 16.6 %   17.0 %   16.3 %  
Common equity tier 1 ratio 15.0 %   15.0 %   14.6 %  
Core capital 17,284   16,488   16,472  
Net equity and related capital 19,634   18,418   18,743  
Liquidity Coverage Ratio (LCR) 165 %   150 %   183 %  
Leverage Ratio 7.5 %   7.4 %   7.4 %  
Branches and staff            
Number of branches 48   48   48  
No. Of full-time positions 1,556   1,439   1,493  

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 2019 30 June 2018 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015
ECC ratio 64.0 % 63.9 % 64.0 % 64.0 % 64.0 % 64.0 %
Number of certificates issued, millions 2) 129.66 129.31 129.62 129.38 129.64 129.43
ECC share price at end of period (NOK) 97.70 84.50 84.20 82.25 64.75 50.50
Stock value (NOKM) 12,668 10,926 10,914 10,679 8,407 6,556
Booked equity capital per ECC (including dividend) 2) 87.04 80.21 83.87 78.81 73.35 67.39
Profit per ECC, majority 2) 8.23 5.75 9.97 8.71 7.93 6.96
Dividend per ECC     5.10 4.40 3.00 2.25
Price-Earnings Ratio 2) 5.94 7.35 8.44 9.44 8.17 7.26
Price-Book Value Ratio 2) 1.12 1.05 1.00 1.04 0.88 0.75

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