Main points for the first nine months of 2020

• Pre-tax profit: NOK 1,823m (2,612m)
• Post-tax profit: NOK 1,528m (2,217m)
• Return on equity: 10.4 per cent (16.0 per cent)
• CET1 ratio: 17.6 per cent (15.1 per cent)
• Growth in lending: 8.5 per cent (4.8 per cent) and in deposits: 14.0 per cent (7.9 per cent) over last 12 months
• Growth in lending to retail borrowers: 8.7 per cent (5.8 per cent) over last 12 months. Retail lending accounts for 68 per cent (68 per cent) of total lending
• Growth in lending to corporate borrowers: 8.1 per cent (2.8 per cent) over last 12 months
• Net result of financial instruments: NOK 754m (1,185m) including an insurance gain of NOK 340m (460m)
• Losses on loans and guarantees: NOK 709m (198m), 0.55 per cent (0.16 per cent) of gross outstanding loans
• Earnings per EC: NOK 6.88 (10.54). Book value per EC: NOK 92.73 (89.36) 

Results for the third quarter of 2020

• Pre-tax profit: NOK 621m (609m)
• Post-tax profit: NOK 519m (488m)
• Return on equity: 10.5 per cent (10.2 per cent)
• Growth in lending: 2.5 per cent (1.1 per cent) and in deposits: 1.2 per cent (decline of 3.4 per cent)
• Lending to retail borrowers rose 2.2 per cent in the quarter (1.5 per cent), 0.2 percentage points less than in the second quarter
• Growth in lending to corporate borrowers: 3.0 per cent (0.2 per cent) 0.3 percentage points higher than in the second quarter
• Net result of financial instruments: NOK 205m (121m)
• Losses on loans: NOK 231m (71m), 0.52 per cent (0.17 per cent) of gross outstanding loans
• Earnings per EC: NOK 2.35 (2.30)