2nd quarter 2023

  • Pre-tax profit NOK 1,045m (779m)
  • Net profit NOK 923m (702m)
  • Return on equity 15.1 per cent (12.9 per cent)
  • CET1 ratio 19.1 per cent  (18.8 per cent)
  • Growth in lending 8.5 per cent (2.8 per cent) and in deposits 13.5 per cent (8.6 per cent)
  • Lending to retail customers rose 9.8 per cent in the quarter (2.7 per cent), 9.2 percentage points higher growth than in the first quarter. Lending to corporates rose 6.8 per cent (2.9 per cent) which was 4.0 percentage points higher than in the first quarter
  • Deposits from retail customers rose 15.1 per cent (6.7 per cent), 13.3 per cent higher growth than in the first quarter. Deposits from corporate clients rose 13.4 per cent (8.2 per cent), 12.3 percentage points higher than in the first quarter
  • Net result of ownership interests NOK 85m (77m)
  • Net result of financial instruments (incl. dividends) NOK 18m (minus 120m)
  • Losses on loans and guarantees NOK 29m (net recovery of NOK 48m)
  • Earnings per equity certificate (EC) NOK 4.21 (3.20)
  • Book value per EC NOK 112.81 (102.91)

First half 2023

  • Pre-tax profit NOK 1,991m (1,606m)
  • Net profit NOK 1,701m (1,400m)
  • Return on equity 13.9 per cent (12.6 per cent)
  • Growth in lending 12.9 per cent (8.7 per cent) and in deposits 13.2 per cent (12.4 per cent) in the last 12 months. In the first half-year growth in lending was 9.9 per cent (5.2 per cent) and in deposits 14.9 per cent (11.3 per cent)
  • Lending to personal customers rose 13.4 per cent (7.9 per cent) in the last 12 months. In the first half-year growth was 10.4 per cent (4.3 per cent). Growth in lending to corporates was 11.0 per cent (9.0 per cent) in the last 12 months, in the first half-year 9.7 per cent (7.6 per cent)
  • Loans to retail customers account for 70 per cent (70 per cent) of total outstanding loans
  • Deposits from personal customers rose 15.4 per cent (8.8 per cent) in the last 12 months, In the first half-year 17.2 per cent (10.1 per cent). Deposits from corporate clients rose 12.1 per cent (11.7 per cent) in the last 12 months. In the first half-year 14.7 per cent (5.2 per cent)
  • Net result of ownership interests NOK 209m (139m)
  • Net result of financial instruments (incl. dividends) minus NOK 79m (minus 7m)
  • Losses on loans and guarantees: a net recovery of NOK 42m (net recovery of NOK 48m), -0.04 per cent (-0.05 per cent) of gross outstanding loans
  • Earnings per equity certificate (EC) NOK 7.82 (6.39).
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