Main figures

 

  January - September    
  2020 2019 2019
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  2,071 1.51 1,991 1.61 2,687 1.63
Net commission income and other income 1,815 1.33 1,711 1.38 2,290 1.39
Net return on financial investments  754 0.55 1,185 0.96 1,201 0.73
Total income 4,640 3.39 4,886 3.95 6,178 3.74
Total operating expenses 2,107 1.54 2,077 1.68 2,797 1.69
Results before losses 2,532 1.85 2,809 2.27 3,380 2.05
Loss on loans, guarantees etc 709 0.52 198 0.16 299 0.18
Results before tax 1,823 1.33 2,612 2.11 3,081 1.87
Tax charge 296 0.22 395 0.32 518 0.31
Result investment held for sale, after tax 0 0.00 0 0.00 0 0.00
Net profit 1,528 1.12 2,217 1.79 2,563 1.55
Interest Tier 1 Capital 49   39   49  
Net profit excl. Interest Tier 1 Capital 1,479   2,178   2,514  
             
Key figures  30 Sept 2020   30 Sept 2019   31 Dec 2019  
Profitability            
Return on equity 2) 10.4 %   16.0 %   13.7 %  
Cost-income ratio 2) 45 %   43 %   45 %  
Balance sheet figures            
Gross loans to customers  133,640   123,967   126,277  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 179,423   165,380   167,777  
Deposits from customers 95,391   83,641   85,917  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 71 %   67 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 53 %   51 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1
Næringskreditt) 2)		 8.5 %   4.8 %   4.7 %  
Growth in deposits last 12 months 14.0 %   7.9 %   6.6 %  
Average total assets 182,307   164,777   165,154  
Total assets 186,900   166,475   166,662  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.55 %   0.16 %   0.18 %  
Non-performing commitm. as a percentage of gross loans 2) 0.27 %   0.26 %   0.26 %  
Other doubtful commitm. as a percentage of gross loans 2) 1.03 %   1.03 %   1.00 %  
Solidity 3)            
Capital ratio 21.4 %   18.9 %   21.6 %  
Tier 1 capital ratio 19.2 %   16.7 %   19.3 %  
Common equity Tier 1 capital ratio 17.6 %   15.1 %   17.2 %  
Tier 1 capital 18,290   17,417   17,742  
Total eligible capital 20,373   19,765   19,854  
Liquidity Coverage Ratio (LCR) 140 %   181 %   148 %  
Leverage Ratio 7.1 %   7.4 %   7.5 %  
Branches and staff            
Number of branches 46   46   46  
No. Of full-time positions 1,528   1,639   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  30 Sept 2020 30 Sept 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) 129.44 129.48 129.30 129.62 129.38 129.64
ECC share price at end of period (NOK) 84.30 98.50 100.20 84.20 82.25 64.75
Stock value (NOKM) 10,912 12,754 12,956 10,914 10,679 8,407
Booked equity capital per ECC (including dividend) 2) 92.73 89.36 90.75 83.87 78.81 73.35
Profit per ECC, majority 2) 6.88 10.54 12.14 9.97 8.71 7.93
Dividend per ECC     6.50 5.10 4.40 3.00
Price-Earnings Ratio 2) 9.19 7.01 8.26 8.44 9.44 8.17
Price-Book Value Ratio 2) 0.91 1.10 1.10 1.00 1.04 0.88

2) Defined as alternative performance measures, see attachement to quarterly report
3) Dividend for 2019 was reduced from 6.50 to 5.0, as described in note 1

 

 

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