4th quarter 2021

Fourth quarter 2021

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

  • Net profit: NOK 703m (450m)
  • Return on equity: 12.7 per cent (8.9 per cent)
  • CET1 ratio: 18.0 per cent (18.3 per cent)
  • Growth in lending: 1.8 per cent (1.9 per cent) and in deposits: 1.5 per cent (growth of 2.2 per cent)
  • Lending to personal customers rose by 1.6 per cent in the quarter (1.6 per cent), 0.4 per cent lower growth than in the third quarter. Lending to corporate clients rose by 2.1 per cent (2.5 per cent) which was 1.4 percentage points higher than in the third quarter
  • Deposits from personal customers rose by 1.4 per cent (0.1 per cent), compared with a decline of 0.5 per cent in the third quarter. Deposits from  corporate clients rose by 1.5 per cent (3.8 per cent), compared with a decline of 0.3 per cent in the third quarter
  • Net result of ownership interests: NOK 186m (117m)
  • Net result of financial instruments (incl. dividends): NOK 33m (80m)
  • Losses on loans and guarantees: NOK 32m (242m), 0.07 per cent of total lending (0.54 per cent)
  • Earnings per equity certificate (EC): NOK 3.20 (1.99). Book value per EC: NOK 103.48 (94.71)

 

Preliminary annual accounts 2021

  • Net profit: NOK 2,902m (1,978m)
  • Return on equity: 13.5 per cent (10.0 per cent)
  • Growth in lending: 6.9 per cent (9.0 per cent) and in deposits: 14.1 per cent (13.5 per cent)
  • Lending to personal customers rose by 6.8 per cent (8.2 per cent). Lending to corporate clients rose by 7.1 per cent (10.6 per cent)
  • Lending to personal customers accounts for 68 per cent (68 per cent) of total lending
  • Deposits from personal customers rose by 9.8 per cent (13.8 per cent). Deposits from corporate clients rose by 17.2 per cent (13.3 per cent)
  • Net result of ownership interests: NOK 705m (681m)
  • Net result of financial instruments (incl. dividends): NOK 321m (269m)
  • Losses on loans and guarantees: NOK 161m (951m), 0.09 per cent (0.54 per cent) of gross lending
  • Earnings per EC: NOK 13.31 (8.87)
  • The board of directors proposes a dividend of NOK 7.50 per EC (NOK 4.40) which is 56.3 per cent of the net profit, and NOK 547m (321m) in community dividend
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