Main figures

 

 

  Second quarter First half  
  2021 2020 2021 2020 2020
From the income statement          
Net interest  698 665 1,366 1,376 2,759
Net commission income and other income 748 595 1,538 1,153 2,516
Net return on financial investments  270 448 560 549 951
Total income 1,716 1,708 3,464 3,078 6,225
Total operating expenses 735 699 1,531 1,405 2,904
Results before losses 981 1,010 1,933 1,673 3,321
Loss on loans, guarantees etc 39 170 98 478 951
Results before tax 942 840 1,836 1,195 2,370
Tax charge 191 124 322 193 400
Result investment held for sale, after tax 4 3 10 7 9
Net profit 755 719 1,523 1,008 1,978
Interest Tier 1 Capital 10 14 30 38 59
Net profit excl. Interest Tier 1 Capital 745 705 1,493 970 1.919
           
Balance sheet figures     30.6.21 30.6.20 31.12.20
Gross loans to customers      141,935 130,627 134,648
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt     189,015 175,100 182,801
Deposits from customers     110,133 94,289 97,529
Average total assets     194,053 180,776 183,428
Total assets     200,426 190,484 187,912
         
  Second quarter First half  
Key figures  2021 2020 2021 2020 2020
Profitability          
Return on equity 1) 14.3 % 15.1 % 14.5 % 10.3 % 10.0 %
Cost-income ratio 1) 43 % 41 % 44 % 46 % 47 %
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 78 % 72 % 78 % 72 % 72 %
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 1) 58 % 54 % 58 % 54 % 53 %
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 1) 2.0 % 2.5 % 7.9 % 7.0 % 9.0 %
Growth in deposits last 12 months 7.6 % 7.0 % 16.8 % 8.9 % 13.5 %
Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt          
Impairment losses ratio 1) 0.08 % 0.39 % 0.11 % 0.56 % 0.54 %
Stage 3 as a percentage of gross loans 1) 1.87 % 1.35 % 1.87 % 1.35 % 1.23 %
           
Solidity          
Capital ratio 22.2 % 21.1 % 22.2 % 21.1 % 22.3 %
Tier 1 capital ratio 20.0 % 18.9 % 20.0 % 18.9 % 20.0 %
Common equity Tier 1 capital ratio 18.3 % 17.2 % 18.3 % 17.2 % 18.3 %
Tier 1 capital 19,011 18,182 19,011 18,182 18,636
Total eligible capital 21,105 20,266 21,105 20,266 20,759
Liquidity Coverage Ratio (LCR) 184 % 163 % 184 % 163 % 171 %
Leverage Ratio 7.0 % 6.9 % 7.0 % 6.9 % 7.1 %
           
Branches and staff     30.6.21 30.6.20 31.12.20
Number of branches     42 46 45
No. Of full-time positions     1,526 1,515 1,560
  1) Defined as alternative performance measures, see attachment to quarterly report          

 

Key figures ECC  30 June 2021 30 June 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 1) 129.36 129.39 129.39 129.30 129.62 129.38
ECC share price at end of period (NOK) 119.20 78.30 97.60 100.20 84.20 82.25
Stock value (NOKM) 15,420 10,131 12,629 12,956 10,914 10,679
Booked equity capital per ECC (including dividend) 2) 100.18 90.37 94.71 90.75 83.87 78.81
Profit per ECC, majority 1) 6.90 4.53 8.87 12.14 9.97 8.71
Dividend per ECC     4.40 6.50 5.10 4.40
Price-Earnings Ratio 1) 8.64 8.65 11.01 8.26 8.44 9.44
Price-Book Value Ratio 1) 1.19 0.87 1.03 1.10 1.00 1.04

 1) Defined as alternative performance measures, see attachment to quarterly report

 

 

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