| Group (NOKm) |
1Q |
4Q |
3Q |
2Q |
1Q |
4Q |
3Q |
2Q |
1Q |
| |
2024 |
2023 |
2023 |
2023 |
2023 |
2022 |
2022 |
2022 |
2022 |
| Profitability |
|
|
|
|
|
|
|
|
|
| Return on equity per quarter 1) |
16.0% |
18.3% |
11.1% |
15.1% |
13.0% |
13.1% |
10.9% |
12.9% |
12.6% |
| Cost-income ratio 1) |
42 % |
48 % |
44 % |
41 % |
46 % |
45 % |
45 % |
43 % |
49 % |
| |
|
|
|
|
|
|
|
|
|
| Balance sheet figures |
|
|
|
|
|
|
|
|
|
| Gross loans to customers |
169,326 |
169,862 |
168,940 |
166,819 |
153,181 |
152,629 |
150,247 |
148,681 |
147,023 |
| Gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt |
238,270 |
236,329 |
234,316 |
232,100 |
213,967 |
211,244 |
208,900 |
205,504 |
199,965 |
| Deposit from customers |
134,395 |
132,888 |
138,230 |
140,164 |
123,529 |
122,010 |
120,558 |
123,812 |
114,053 |
| Total assets |
235,721 |
232,717 |
243,472 |
248,806 |
228,207 |
223,312 |
218,918 |
217,458 |
207,027 |
| Quarterly average total assets |
234,219 |
238,095 |
246,139 |
238,507 |
225,759 |
221,115 |
218,188 |
212,243 |
202,936 |
| Growth in loans incl. SB1 Boligkreditt and SB1 Næringskredtt last 12 months 1) |
0.8 % |
0.9 % |
1.0 % |
8.5 % |
1.3 % |
1.1 % |
1.7 % |
2.8 % |
2.4 % |
| Growth in deposits last 12 months |
1.1 % |
-3.9 % |
-1.4 % |
13.5 % |
1.2 % |
1.2 % |
-2.6 % |
8.6 % |
2.5 % |
| |
|
|
|
|
|
|
|
|
|
| Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt |
|
|
|
|
|
|
|
|
|
| Impairment losses ratio 1) |
0.04 % |
0.03 % |
0.06 % |
0.05 % |
-0.13 % |
0.04 % |
0.04 % |
-0.09 % |
0.00 % |
| Stage 3 as a percentage of gross loans 1) |
0.82 % |
0.88 % |
0.98 % |
0.99 % |
0.96 % |
0.97 % |
1.02 % |
1.08 % |
1.62 % |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Solidity |
|
|
|
|
|
|
|
|
|
| Common equity Tier 1 capital ratio |
18.5 % |
18.8 % |
19.7 % |
19.1 % |
18.2 % |
18.9 % |
19.2 % |
18.8 % |
18.3 % |
| Tier 1 capital ratio |
20.4 % |
20.8 % |
21.3 % |
21.0 % |
20.1 % |
20.9 % |
20.8 % |
20.4 % |
19.8 % |
| Capital ratio |
23.1 % |
23.0 % |
23.7 % |
23.5 % |
22.2 % |
23.1 % |
23.0 % |
22.7 % |
21.9 % |
| Tier 1 capital |
24,073 |
23,793 |
24,283 |
24,192 |
21,985 |
21,835 |
21,252 |
20,547 |
19,797 |
| Total eligible capital |
27,250 |
26,399 |
26,950 |
27,106 |
24,298 |
24,147 |
23,546 |
22,910 |
21,839 |
| Liquidity Coverage Ratio (LCR) |
160 % |
175 % |
173 % |
188 % |
194 % |
239 % |
180 % |
204 % |
155 % |
| Leverage Ratio |
7.1 % |
7.2 % |
7.3 % |
7.2 % |
6.9 % |
7.1 % |
7.3 % |
6.9 % |
7.0 % |
| |
|
|
|
|
|
|
|
|
|
| Key figures ECC |
|
|
|
|
|
|
|
|
|
| ECC share price at end of period (NOK) |
137.80 |
141.80 |
137.20 |
141.00 |
123.60 |
127.40 |
111.40 |
115.80 |
141.20 |
| Number of certificates issued, millions 1) |
144.13 |
144.20 |
143.82 |
143.80 |
129.43 |
129.29 |
129.29 |
129.31 |
129.39 |
| Booked equity capital per ECC (NOK) 1) |
113.24 |
120.48 |
116.39 |
112.81 |
105.63 |
109.86 |
107.19 |
102.91 |
99.55 |
| Profit per ECC, majority (NOK) 1) |
4.68 |
5.62 |
3.28 |
4.21 |
3.51 |
3.53 |
2.89 |
3.20 |
3.20 |
| Price-Earnings Ratio (annualised) 1) |
7.36 |
6.31 |
10.47 |
8.38 |
8.79 |
9.02 |
9.62 |
9.06 |
11.05 |
| Price-Book Value Ratio 1) |
1.22 |
1.18 |
1.18 |
1.25 |
1.17 |
1.16 |
1.04 |
1.13 |
1.42 |
| 1) Defined as alternative performance measures, see attachment to the quarterly report. |
