Main figures
| Jan-Dec | ||||
| 2020 | 2019 | |||
| From the income statement | NOKm | % 1) | NOKm | % 1) |
| Net interest | 2,759 | 1.50 | 2,687 | 1.63 |
| Net commission income and other income | 2,572 | 1.40 | 2,290 | 1.39 |
| Net return on financial investments | 951 | 0.52 | 1,201 | 0.73 |
| Total income | 6,281 | 3.42 | 6,178 | 3.74 |
| Total operating expenses | 2,952 | 1.61 | 2,797 | 1.69 |
| Results before losses | 3,329 | 1.81 | 3,380 | 2.05 |
| Loss on loans, guarantees etc | 951 | 0.52 | 299 | 0.18 |
| Results before tax | 2,378 | 1.30 | 3,081 | 1.87 |
| Tax charge | 400 | 0.22 | 518 | 0.31 |
| Result investment held for sale, after tax | 1 | 0.00 | 0 | 0.00 |
| Net profit | 1,978 | 1.08 | 2,563 | 1.55 |
| Interest Tier 1 Capital | 59 | 49 | ||
| Net profit excl. Interest Tier 1 Capital | 1,919 | 2,514 | ||
| Key figures | 31 Dec 2020 | 31 Dec 2019 | ||
| Profitability | ||||
| Return on equity 2) | 10.0 % | 13.7 % | ||
| Cost-income ratio 2) | 47 % | 45 % | ||
| Balance sheet figures | ||||
| Gross loans to customers | 134,648 | 126,277 | ||
| Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt | 182,801 | 167,777 | ||
| Deposits from customers | 97,529 | 85,917 | ||
| Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt | 72 % | 68 % | ||
| Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) | 53 % | 51 % | ||
| Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) | 9.0 % | 4.7 % | ||
| Growth in deposits last 12 months | 13.5 % | 6.6 % | ||
| Average total assets | 183,428 | 165,154 | ||
| Total assets | 187,912 | 166,662 | ||
| Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt | ||||
| Impairment losses ratio 2) | 0.54 % | 0.18 % | ||
| Non-performing commitm. as a percentage of gross loans 2) | 0.25 % | 0.26 % | ||
| Other doubtful commitm. as a percentage of gross loans 2) | 0.98 % | 1.00 % | ||
| Solidity 3) | ||||
| Capital ratio | 22.3 % | 21.6 % | ||
| Tier 1 capital ratio | 20.0 % | 19.3 % | ||
| Common equity Tier 1 capital ratio | 18.3 % | 17.2 % | ||
| Tier 1 capital | 18,636 | 17,742 | ||
| Total eligible capital | 20,759 | 19,854 | ||
| Liquidity Coverage Ratio (LCR) | 171 % | 148 % | ||
| Leverage Ratio | 7.1 % | 7.5 % | ||
| Branches and staff | ||||
| Number of branches | 45 | 46 | ||
| No. Of full-time positions | 1,560 | 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 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2017 | 31 Dec 2016 |
| ECC ratio | 64.0 % | 64.0 % | 64.0 % | 64.0 % | 64.0 % |
| Number of certificates issued, millions 2) | 129.39 | 129.30 | 129.62 | 129.38 | 129.64 |
| ECC share price at end of period (NOK) | 97.60 | 100.20 | 84.20 | 82.25 | 64.75 |
| Stock value (NOKM) | 12,629 | 12,956 | 10,914 | 10,679 | 8,407 |
| Booked equity capital per ECC (including dividend) 2) | 94.71 | 90.75 | 83.87 | 78.81 | 73.35 |
| Profit per ECC, majority 2) | 8.87 | 12.14 | 9.97 | 8.71 | 7.93 |
| Dividend per ECC 3) | 4.40 | 6.50 | 5.10 | 4.40 | 3.00 |
| Price-Earnings Ratio 2) | 11.01 | 8.26 | 8.44 | 9.44 | 8.17 |
| Price-Book Value Ratio 2) | 1.03 | 1.10 | 1.00 | 1.04 | 0.88 |
| 2) Defined as alternative performance measures, see attachment to quarterly report | |||||
| 3) Dividend for 2019 was reduced from 6.50 to 5.0. For 2020, a dividend of NOK 4.4 is proposed per certificate, of which only 1.3 is paid before 30 September in line with guidelines from the Ministry of Finance. See description in note 1 | |||||
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