3rd quarter 2021

Third quarter 2021

(Consolidated figures. Figures in parenthesis refer to the same period of 2020 unless otherwise stated)

Pre-tax profit: NOK 849m (619m)
Post-tax profit: NOK 675m (519m)
Return on equity: 12.4% (10.5%)
CET1 ratio: 18.1% (17.6%)
Growth in lending: 1.6% (2.5%) and decline in deposits of 0.4% (growth of 1.2%)
Lending to personal customers increased by 2.0% in the quarter (2.2%), 0.2 percentage point lower growth than in the second quarter. Lending to corporate clients increased by 0.7% (3.0%) which was 0.8 percentage point lower than in the second quarter
Deposits from personal customers were reduced by 0.5% (decline of 1.1%), compared with growth of 6.9% in the second quarter. Deposits from corporate customers were reduced by 0.3% (2.9%), compared with growth of 8.0% in the second quarter
Net result of ownership interests: NOK 179m (170m)
Net result of financial instruments (incl. dividends): NOK 69m (34m)
Losses on loans and guarantees: NOK 31m (231m), 0.07% of gross loans (0.52%)
Earnings per equity certificate (EC): NOK 3.22 (2.35). Book value per EC: NOK 103.57 (92.73)

Pre-tax profit: NOK 2,685m (1,814m)
Post-tax profit: NOK 2,199m (1,528m)
Return on equity: 13.8% (10.4%)
Growth in lending: 7.0% (8.5%) and in deposits: 15.0% (14.0%) in the last 12 months.
Growth in lending to personal customers was 6.8% (8.7%) in the last 12 months. Growth in lending to corporate clients was 7.5% (8.1%) in the last 12 months
Loans to retail customers account for 68% (68%) of total lending
Deposits from personal customers increased by 8.4% (14.7%) in the last 12 months. Deposits from corporate customers increased by 19.8% (13.6%) in the last 12 months.
Net result of ownership interests: NOK 519m (564m)
Net result of financial instruments (incl. dividends): NOK 289m (189m)
Losses on loans and guarantees: NOK 129m (709m), 0.09% (0.55%) of gross loans
Earnings per equity certificate (EC): NOK 10.11 (6.88).