Main points for the first half of 2020

• Pre-tax profit: NOK 1,202m (2,003m)
• Post-tax profit: NOK 1,008m (1,729m)
• Return on equity: 10.3% (19.0%)
• CET1 ratio: 17.2% (15.0%)
• Growth in lending: 7.0% (5.7%) and in deposits: 8.9% (7.7%) over last 12 months
• Growth in lending to retail borrowers: 7.9% (6.7%) over last 12 months
• Growth in lending to corporate borrowers: 5.2% (3.6%) over last 12 months
• Lending to retail borrowers accounts for 68% (68%) of total lending
• Losses on loans and guarantees: NOK 478m (126m), 0.16% (0.16%) of gross outstanding loans
• Earnings per EC: NOK 4.53 (8.23). Book value per EC: NOK 90.37 (87.04)

Results for the second quarter of 2020

• Pre-tax profit: NOK 845m (848m)
• Post-tax profit: NOK 719m (683m)
• Return on equity: 15.1% (14.9%)
• Growth in lending: 2.5% (1.6%) and in deposits: 7% (6.7%)
• Lending to retail borrowers rose by 2.4% in the quarter (2.2%), 0.7 percentage points more than in the first quarter
• Lending to corporate borrowers rose by 2.7% (0.3%), 0.8 percentage points more than in the first quarter
• Net result of ownership interests: NOK 177m (231m)
• Net result of financial instruments: NOK 271m (106m)
• Losses on loans: NOK 170m (59m), 0.39% (0.14%) of gross outstanding loans
• Earnings per EC: NOK 3.27 (3.21)