Main figures

  Jan-Dec
  2019 2018
From the income statement NOKm % 1)  NOKm % 1) 
Net interest  2,687 1.63 2,403 1.53
Net commission income and other income 2,290 1.39 2,177 1.39
Net return on financial investments  1,201 0.73 757 0.48
Total income 6,178 3.74 5,337 3.40
Total operating expenses 2,797 1.69 2,624 1.67
Results before losses 3,380 2.05 2,713 1.73
Loss on loans, guarantees etc 299 0.18 263 0.17
Results before tax 3,081 1.87 2,450 1.56
Tax charge 518 0.31 509 0.32
Result investment held for sale, after tax 0 0.00 149 0.10
Net profit 2,563 1.55 2,090 1.33
Interest Tier 1 Capital 49   37  
Net profit excl. Interest Tier 1 Capital 2,514   2,052  
         
Key figures  31 Dec 2019   31 Dec 2018  
Profitability        
Return on equity 2) 13.7 %   12.2 %  
Cost-income ratio 2) 45 %   49 %  
Balance sheet figures        
Gross loans to customers  126,277   120,473  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 167,777   160,317  
Deposits from customers 85,917   80,615  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 68 %   67 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 51 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 4.7 %   7.8 %  
Growth in deposits last 12 months 6.6 %   5.4 %  
Average total assets 165,154   156,992  
Total assets 166,662   160,704  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt        
Impairment losses ratio 2) 0.18 %   0.17 %  
Non-performing commitm. as a percentage of gross loans 2) 0.26 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 1.00 %   0.86 %  
Solidity        
Capital ratio 21.6 %   18.5 %  
Tier 1 capital ratio 19.3 %   16.3 %  
Common equity Tier 1 capital ratio 17.2 %   14.6 %  
Tier 1 capital 17,742   16,472  
Total eligible capital 19,854   18,743  
Liquidity Coverage Ratio (LCR) 148 %   183 %  
Leverage Ratio 7.5 %   7.4 %  
Branches and staff        
Number of branches 46   48  
No. Of full-time positions 1,509   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  31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015
ECC ratio 64.0 % 64.0 % 64.0 % 64.0 % 64.0 %
Number of certificates issued, millions 2) 129.30 129.38 129.64 129.43 129.43
ECC share price at end of period (NOK) 100.20 82.25 64.75 50.50 50.50
Stock value (NOKM) 12,956 10,679 8,407 6,556 6,556
Booked equity capital per ECC (including dividend) 2) 90.75 78.81 73.35 67.39 67.39
Profit per ECC, majority 2) 12.14 8.71 7.93 6.96 6.96
Dividend per ECC  6.50 4.40 3.00 2.25 2.25
Price-Earnings Ratio 2) 8.26 9.44 8.17 7.26 7.26
Price-Book Value Ratio 2) 1.10 1.04 0.88 0.75 0.75
2) Defined as alternative performance measures, see attachement to quarterly report
© SpareBank 1 SMN