Third quarter 2022

(Consolidated figures. Figures in parenthesis refer to the same period of 2021 unless otherwise stated)

• Pre-tax profit: NOK 788m (849m)
• Post-tax profit: NOK 617m (675m)
• Return on equity: 10.9 per cent (12.4 per cent)
• CET1 ratio: 19.2 per cent (18.1 per cent)
• Growth in lending: 1.7 per cent (1.6 per cent), in deposits a decline of 2.6 per cent (decline of 0.4 per cent)
• Lending to personal customers rose 1.3 per cent in the quarter (2.0 per cent), 1.5 percentage point lower growth than in the second quarter. Lending to corporates rose 2.4 per cent (0.7 per cent) which was 0.5 percentage point lower than in the second quarter.
• Deposits from personal customers declined 1.9 per cent (decline of 0.5 per cent), compared with growth of 6.6 per cent in the second quarter. Deposits from  corporate clients declined 3.1 per cent (decline of 0.3 per cent) compared with growth of 9.9 per cent in the second quarter
• Net result of ownership interests: NOK 109m (179m)
• Net result of financial instruments (incl. dividends): NOK 39m (69m)
• Losses on loans and guarantees: NOK 22m (31m), 0.04 per cent of gross outstanding loans (0.07 per cent)
• Earnings per equity certificate (EC): NOK 2.89 (3.22). Book value per EC: NOK 107.19 (103.57)

Year to 30 September

• Pre-tax profit: NOK 2,536m (2,685m)
• Post-tax profit: NOK 2,017m (2,199m)
• Return on equity: 12.0 per cent (13.8 per cent )
• Growth in lending: 8.8 per cent (7.0 per cent) and in deposits: 9.9 per cent (15.0 per cent ) in the last 12 months.
• Growth in lending to personal customers was 7.3 per cent (6.8 per cent) in the last 12 months. Growth in lending to corporate customers was 12.0 per cent (7.5 per cent) in the last 12 months
• Lending to retail customers accounts for 67 per cent (68 per cent) of total lending
• Deposits from personal customers rose 8.4 per cent (8.4 per cent) in the last 12 months. Deposits from  corporate customers rose 10.9 per cent (19.8 per cent) in the last 12 months.
• Net result of ownership interests: NOK 248m (519m)
• Net result of financial instruments (incl. dividends): NOK 179m (289m)
• Net recovery of losses on loans and guarantees: NOK 26m (loss of 129m), minus 0.02 per cent (0.09 per cent) of gross outstanding loans
• Earnings per equity certificate (EC): NOK 9.29 (10.11)