Note 3 - Account by business line

For the subsidiaries the figures refer to the respective company accounts, while for joint ventures incorporated by the equity method the Group’s profit share is stated, after tax, as well as book value of the investment at group level.

Group 31 March 2021
Profit and loss account (NOKm)	RM	CM	SB 1 Markets	EM 1	SB 1 Finans MN	SB 1 Regnskaps- huset SMN	SB 1 Gruppen	BN Bank	Un- collated	Total
Net interest	337	270	-5	0	113	0	-	-	-47	668
Interest from allocated capital	9	3	-	-	-	-	-	-	-12	-
Total interest income	346	273	-5	0	113	0	-	-	-59	668
Comission income and other income	149	59	321	103	-22	155	-	-	42	808
Net return on financial investments **)	0	5	37	10	-	-	67	40	130	289
Total income	496	337	353	114	91	155	67	40	114	1,766
Total operating expenses	228	107	227	93	29	128	-	-	-6	806
Ordinary operating profit	268	230	125	21	62	27	67	40	119	960
Loss on loans, guarantees etc.	-12	62	-	-	7	-	-	-	1	59
Result before tax including held for sale	280	167	125	21	55	27	67	40	118	901
Post-tax-return on equity *)	12.5 %	9.6 %								14,8 %

Balance
Loans and advances to customers	130,296	46,190	-	-	9,678	-	-	-	-821	185,342
Adv.of this sold to SB1 Boligkreditt and SB1 Næringskreditt	-46,611	-1,360	-	-	-	-	-	-	100	-47,871
Allowance for credit loss	-130	-1,351	-	-	-69	-	-	-	-3	-1,553
Other assets	119	12,286	3,112	376	76	553	2,230	1,554	37,598	57,903
Total assets	83,674	55,765	3,112	376	9,685	553	2,230	1,554	36,874	193,822

Deposits to customers	48,439	53,200	-	-	-	-	-	-	751	102,390
Other liabilites and equity	35,235	2,565	3,112	376	9,685	553	2,230	1,554	36,123	91,432
Total liabilities and equity	83,674	55,765	3,112	376	9,685	553	2,230	1,554	36,874	193,822

Group 31 March 2020
Profit and loss account (NOKm)	RM	CM	SB 1 Markets	EM 1	SB 1 Finans MN	SB 1 Regnskaps- huset SMN	SB 1 Gruppen	BN Bank	Un- collated	Total
Net interest	301	271	-2	-0	82	0	-	-	59	710
Interest from allocated capital	53	38	-	-	-	-	-	-	-91	-
Total interest income	354	308	-2	-0	82	0	-	-	-32	710
Commission income and other income	198	54	60	83	-6	156	-	-	24	570
Net return on financial investments **)	-2	10	45	-	-	-	-115	23	140	101
Total income	550	373	103	83	76	156	-115	23	132	1,381
Total operating expenses	246	113	118	83	24	129	-	-	2	716
Ordinary operating profit	304	261	-15	-0	52	27	-115	23	130	665
Loss on loans, guarantees etc.	44	258	-	-	5	-	-	-	1	308
Result before tax including held for sale	260	3	-15	-0	47	27	-115	23	128	357
Post-tax return on equity*)	9.5 %	0.2 %								5.7 %
Balance
Loans and advances to customers	121,269	41,174	-	-	8,957	-	-	-	-629	170,771
Adv. of this sold to SB1 Boligkreditt and SB1 Næringskreditt	-42,254	-1,245	-	-	-	-	-	-	-0	-43,498
Allowance for credit losses	-157	-930	-	-	-52	-	-	-	-6	-1,144
Other assets	197	7,932	2,636	301	23	551	1,834	1,449	44,132	59,054
Total assets	79,055	46,931	2,636	301	8,928	551	1,834	1,449	43,497	185,182

Deposits to customers	43,961	42,710	-	-	-	-	-	-	1,482	88,152
Other liabilities and equity	35,095	4,222	2,636	301	8,928	551	1,834	1,449	42,015	97,030
Total liabilites and equity	79,055	46,931	2,636	301	8,928	551	1,834	1,449	43,497	185,182

Group 31 December 2020
Profit and loss account (NOKm)	RM	CM	SB 1 Markets	EM 1	SB 1 Finans MN	SB 1 Regnskaps- huset SMN	SB 1 Gruppen	BN Bank	Un- collated	Total
Net interest	1,112	1,085	-14	2	371	1	-	-	202	2,759
Interest from allocated capital	101	63	-	-	-	-	-	-	-165	-
Total interest income	1,213	1,149	-14	2	371	1	-	-	37	2,759
Comission income and other income	867	211	693	392	-22	533	-	-	-102	2,572
Net return on financial investments **)	-2	21	137	-	-	-	194	120	481	951
Total income	2,078	1,381	816	394	349	533	194	120	416	6,281
Total operating expenses	929	422	637	342	86	423	-	-	114	2,952
Ordinary operating profit	1,149	959	179	52	263	110	194	120	301	3,329
Loss on loans, guarantees etc.	56	846	-	-	49	-	-	-	1	951
Result before tax	1,093	113	179	52	214	110	194	120	301	2,378
Post-tax-return on equity *)	13.4 %	2.1 %								10.0 %

Balance
Loans and advances to customers	129,149	44,845	-	-	9,549	-	-	-	-742	182,801
Adv.of this sold to SB1 Boligkreditt and SB1 Næringskreditt	-46,899	-1,354	-	-	-	-	-	-	100	-48,153
Allowance for credit loss	-148	-1,298	-	-	-67	-	-	-	-4	-1,517
Other assets	156	10,471	3,265	357	116	592	2,151	1,514	36,160	54,781
Total assets	82,258	52,663	3,265	357	9,598	592	2,151	1,514	35,514	187,912

Deposits to customers	47,478	49,420	-	-	-	-	-	-	631	97,529
Other liabilites and equity	34,780	3,244	3,265	357	9,598	592	2,151	1,514	34,883	90,383
Total liabilities and equity	82,258	52,663	3,265	357	9,598	592	2,151	1,514	35,514	187,912

*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 16.9 percent to be in line with the capital plan during the year

**) Specification of net return on financial investments (NOKm)	31 March 2021	31 March 2020	31 Dec 2020
Dividends	4	8	39
Capital gains/losses shares	102	-42	-4
Gain/(loss) on sertificates and bonds	-84	50	103
Gain/(loss) on derivatives	105	-148	32
Gain/(loss) on financial instruments related to hedging	-11	-6	1
Gain/(loss) on other financial instruments at fair value (FVO)	10	-57	-11
Foreign exchange gain/(loss)	15	65	82
Gain/(loss) on shares and share derivatives at SpareBank 1 Markets	20	14	28
Net return on financial instruments	158	-124	230
SpareBank 1 Gruppen	67	-115	194
Gain Fremtind Forsikring		340	340
SpareBank 1 Boligkreditt	4	-31	18
SpareBank 1 Næringskreditt	3	2	18
BN Bank	40	23	120
SpareBank 1 Kredittkort	0	0	2
SpareBank 1 Betaling	-1	-2	-2
Other companies	14	-0	-10
Income from investment in associates and joint ventures	128	217	681
Total net return on financial investments	289	101	951

Fair value hedging
Changes in fair value on hedging instrument	-293	359	467
Changes in fair value on hedging item	282	-365	-465
Net Gain or Loss from hedge accounting	-11	-6	1

Note 3 - Account by business line

1st quarter 2021

Report and notes

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