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
© SpareBank 1 SMN