Main figures
| Jan-March | ||||||
| 2021 | 2020 | 2020 | ||||
| From the income statement | NOKm | % 1) | NOKm | % 1) | NOKm | % 1) |
| Net interest | 668 | 1.40 | 710 | 1.61 | 2,759 | 1.50 |
| Net commission income and other income | 808 | 1.69 | 570 | 1.30 | 2,572 | 1.40 |
| Net return on financial investments | 289 | 0.61 | 101 | 0.23 | 951 | 0.52 |
| Total income | 1,766 | 3.70 | 1,381 | 3.14 | 6,281 | 3.42 |
| Total operating expenses | 806 | 1.69 | 716 | 1.63 | 2,952 | 1.61 |
| Results before losses | 960 | 2.01 | 665 | 1.51 | 3,329 | 1.81 |
| Loss on loans, guarantees etc | 59 | 0.12 | 308 | 0.70 | 951 | 0.52 |
| Results before tax | 901 | 1.89 | 357 | 0.81 | 2,378 | 1.30 |
| Tax charge | 133 | 0.28 | 67 | 0.15 | 400 | 0.22 |
| Result investment held for sale, after tax | 0 | 0.00 | 0 | 0.00 | 1 | 0.00 |
| Net profit | 768 | 1.61 | 290 | 0.66 | 1,978 | 1.08 |
| Interest Tier 1 Capital | 20 | 24 | 59 | |||
| Net profit excl. Interest Tier 1 Capital | 748 | 266 | 1,919 | |||
| Key figures | 31 March 2021 | 31 March 2020 | 31 Dec 2020 | |||
| Profitability | ||||||
| Return on equity 2) | 14.8 % | 5.7 % | 10.0 % | |||
| Cost-income ratio 2) | 46 % | 52 % | 47 % | |||
| Balance sheet figures | ||||||
| Gross loans to customers | 137,471 | 127,272 | 134,648 | |||
| Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt | 185,342 | 170,771 | 182,801 | |||
| Deposits from customers | 102,390 | 88,152 | 97,529 | |||
| Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt | 74 % | 69 % | 72 % | |||
| Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) | 55 % | 52 % | 53 % | |||
| Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) | 8.5 % | 6.0 % | 9.0 % | |||
| Growth in deposits last 12 months | 16.2 % | 8.7 % | 13.5 % | |||
| Average total assets | 190,867 | 175,922 | 183,428 | |||
| Total assets | 193,822 | 185,182 | 187,912 | |||
| Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt | ||||||
| Impairment losses ratio 2) | 0.13 % | 0.73 % | 0.54 % | |||
| Stage 3 as a percentage of gross loans 2) | 1.66 % | 1.61 % | 1.23 % | |||
| Solidity 3) | ||||||
| Capital ratio | 21.9 % | 20.1 % | 22.3 % | |||
| Tier 1 capital ratio | 19.7 % | 18.0 % | 20.0 % | |||
| Common equity Tier 1 capital ratio | 18.0 % | 16.3 % | 18.3 % | |||
| Tier 1 capital | 18,636 | 17,792 | 18,636 | |||
| Total eligible capital | 20,741 | 19,879 | 20,759 | |||
| Liquidity Coverage Ratio (LCR) | 190 % | 185 % | 171 % | |||
| Leverage Ratio | 7.0 % | 6.9 % | 7.1 % | |||
| Branches and staff | ||||||
| Number of branches | 42 | 46 | 45 | |||
| No. Of full-time positions | 1,544 | 1,553 | 1,560 | |||
| 1) Calculated as a percentage of average total assets | ||||||
| 2) Defined as alternative performance mesures, see attachment to the quarterly report | ||||||
| Key figures ECC | 31 March 2021 | 31 March 2020 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2017 |
| ECC ratio | 64.0 % | 64.0 % | 64.0 % | 64.0 % | 64.0 % | 64.0 % |
| Number of certificates issued, millions 2) | 129.22 | 129.22 | 129.39 | 129.30 | 129.62 | 129.38 |
| ECC share price at end of period (NOK) | 107.40 | 67.60 | 97.60 | 100.20 | 84.20 | 82.25 |
| Stock value (NOKM) | 13,878 | 8,735 | 12,629 | 12,956 | 10,914 | 10,679 |
| Booked equity capital per ECC (including dividend) 2) | 96.70 | 86.85 | 94.71 | 90.75 | 83.87 | 78.81 |
| Profit per ECC, majority 2) | 3.40 | 1.26 | 8.87 | 12.14 | 9.97 | 8.71 |
| Dividend per ECC | 4.40 | 5.00 | 5.10 | 4.40 | ||
| Price-Earnings Ratio 2) | 7.91 | 13.46 | 11.01 | 8.26 | 8.44 | 9.44 |
| Price-Book Value Ratio 2) | 1.11 | 0.78 | 1.03 | 1.10 | 1.00 | 1.04 |
| 2) Defined as alternative performance measures, see attachment to quarterly report |
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