Main figures

 

Main figures Jan-March  
  2020 2019 2019
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  710 1,61 649 1,59 2.687 1,63
Net commission income and other income 570 1,30 551 1,36 2.290 1,39
Net return on financial investments  101 0,23 727 1,79 1.201 0,73
Total income 1.381 3,14 1.926 4,74 6.178 3,74
Total operating expenses 716 1,63 704 1,73 2.797 1,69
Results before losses 665 1,51 1.223 3,01 3.380 2,05
Loss on loans, guarantees etc 308 0,70 67 0,17 299 0,18
Results before tax 357 0,81 1.155 2,84 3.081 1,87
Tax charge 67 0,15 109 0,27 518 0,31
Result investment held for sale, after tax 0 0,00 0 0,00 0 0,00
Net profit 290 0,66 1.046 2,57 2.563 1,55
Interest Tier 1 Capital 24   19   49  
Net profit excl. Interest Tier 1 Capital 266   1.027   2.514  
             
Key figures  31 March 2020   31 March 2019   31 Dec 2019  
Profitability            
Return on equity 2) 5,7 %   23,3 %   13,7 %  
Cost-income ratio 2) 52 %   37 %   45 %  
Balance sheet figures            
Gross loans to customers  127.272   120.100   126.277  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 170.771   161.091   167.777  
Deposits from customers 88.152   81.111   85.917  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 69 %   68 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 52 %   50 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 6,0 %   6,6 %   4,7 %  
Growth in deposits last 12 months 8,7 %   6,8 %   6,6 %  
Average total assets 175.922   162.673   165.154  
Total assets 185.182   164.641   166.662  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0,73 %   0,17 %   0,18 %  
Non-performing commitm. as a percentage of gross loans 2) 0,38 %   0,18 %   0,26 %  
Other doubtful commitm. as a percentage of gross loans 2) 1,23 %   0,99 %   1,00 %  
Solidity 3)            
Capital ratio 20,1 %   18,6 %   21,6 %  
Tier 1 capital ratio 18,0 %   16,4 %   19,3 %  
Common equity Tier 1 capital ratio 16,3 %   14,8 %   17,2 %  
Tier 1 capital 17.792   16.775   17.742  
Total eligible capital 19.879   19.115   19.854  
Liquidity Coverage Ratio (LCR) 185 %   180 %   148 %  
Leverage Ratio 6,9 %   7,4 %   7,5 %  
Branches and staff            
Number of branches 46   48   46  
No. Of full-time positions 1.553   1.524   1.509  
             
1) Calculated as a percentage of average total assets
2) Defined as alternative performance mesures, see attachment to the quarterly report
3) Comparables have not been restated by revised distribution of profit for 2019

 

 

 

Key figures ECC  31 March 2020 31 March 2019 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016
ECC ratio 64,0 % 64,0 % 64,0 % 64,0 % 64,0 % 64,0 %
Number of certificates issued, millions 2) 129,22 129,41 129,30 129,62 129,38 129,64
ECC share price at end of period (NOK) 67,60 87,40 100,20 84,20 82,25 64,75
Stock value (NOKM) 8.735 11.310 12.956 10.914 10.679 8.407
Booked equity capital per ECC (including dividend) 2) 86,85 83,86 90,75 83,87 78,81 73,35
Profit per ECC, majority 2) 1,26 5,02 12,14 9,97 8,71 7,93
Dividend per ECC     6,50 5,10 4,40 3,00
Price-Earnings Ratio 2) 13,46 4,35 8,26 8,44 9,44 8,17
Price-Book Value Ratio 2) 0,78 1,04 1,10 1,00 1,04 0,88
2) Defined as alternative performance measures, see attachement to quarterly report      

                                                                           

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