1st quarter 2023

  • Net profit: NOK 778m (698m)
  • Return on equity: 13.0 per cent (12.6 per cent)
  • CET1 ratio: 18.2 per cent (18.3 per cent )
  • Growth in lending: 1.3 per cent (2.4 per cent) and in deposits: 1.2 per cent (growth of 2.5 per cent)
  • Growth in lending over the past 12 months: 7.0 per cent (7.9 per cent) and in deposits: 8.3 per cent (11.4 per cent)
  • Lending to personal customers rose by 0.7 per cent in the quarter (1.6 per cent), in the fourth quarter 2022 growth was 1.0 per cent. Lending to corporate clients rose by 2.5 per cent (4.0 per cent), compared with 1.4 per cent in the fourth quarter 2022. 
  • Deposits from personal customers rose by 1.3 per cent (2.2 per cent), compared with 1.4 per cent in the fourth quarter 2022. Deposits from corporate clients rose by 1.2 per cent (2.6 per cent), growth in the fourth quarter 2022 was 1.4  per cent. 
  • Net result of ownership interests: NOK 125m (62m)
  • Net result of financial instruments (incl. dividends): minus NOK 97m (gain of 113m)
  • Net recovery of losses on loans and guarantees: NOK 71m (0m), -0.13 per cent of gross lending (0 per cent)
  • Earnings per equity certificate (EC): NOK 3.51 (3.20). Book value per EC: NOK 105.63 (99.55)
  • In the first quarter of 2023, the accounts were debited by NOK 51 million as a result of the embezzlement committed against the bank in January 2023.
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