| |
January - March |
|
| From the income statement (NOKm) |
2024 |
2023 |
2023 |
| Net interest |
1,306 |
1,035 |
4,632 |
| Net commission income and other income |
572 |
541 |
2,084 |
| Net return on financial investments |
281 |
28 |
799 |
| Total income |
2,159 |
1,604 |
7,515 |
| Total operating expenses |
782 |
728 |
3,017 |
| Results before losses |
1,377 |
875 |
4,498 |
| Loss on loans, guarantees etc |
24 |
-71 |
14 |
| Results before tax |
1,353 |
946 |
4,484 |
| Tax charge |
273 |
206 |
904 |
| Result investment held for sale, after tax |
3 |
38 |
108 |
| Net profit |
1,084 |
778 |
3,688 |
| Interest Tier 1 Capital |
48 |
34 |
125 |
| Net profit excl. Interest Tier 1 Capital |
1,035 |
744 |
3,563 |
| |
|
|
|
| Balance sheet figures |
31 Mar 2024 |
31 Mar 2023 |
31 Dec 2023 |
| Gross loans to customers |
169,326 |
153,181 |
169,862 |
| Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt |
238,270 |
213,967 |
236,329 |
| Deposits from customers |
134,395 |
123,529 |
132,888 |
| Average total assets |
234,219 |
225,759 |
235,303 |
| Total assets |
235,721 |
228,207 |
232,717 |
| |
|
|
| Key figures |
January - March |
|
| |
2024 |
2023 |
2023 |
| Profitability 1) |
|
|
|
| Return on equity |
16.0 % |
13.0 % |
14.4 % |
| Cost-income ratio 2) |
42 % |
46 % |
45 % |
| Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt |
79 % |
81 % |
78 % |
| Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt |
56 % |
58 % |
56 % |
| Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) |
11.4 % |
7.0 % |
11.9 % |
| Growth in deposits last 12 months |
8.8 % |
8.3 % |
8.9 % |
| |
|
|
|
| Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt 1) |
|
|
|
| Impairment losses ratio |
0.04 % |
-0.13 % |
0.01 % |
| Stage 3 as a percentage of gross loans |
0.82 % |
0.96 % |
0.88 % |
| |
|
|
|
| Solidity |
31 Mar 2024 |
31 Mar 2023 |
31 Dec 2023 |
| Capital ratio |
23.1 % |
22.2 % |
23.0 % |
| Tier 1 capital ratio |
20.4 % |
20.1 % |
20.8 % |
| Common equity Tier 1 capital ratio |
18.5 % |
18.2 % |
18.8 % |
| Tier 1 capital |
24,073 |
21,985 |
23,793 |
| Total eligible capital |
27,250 |
24,298 |
26,399 |
| Liquidity Coverage Ratio (LCR) |
160 % |
194 % |
175 % |
| Leverage Ratio |
7.1 % |
6.9 % |
7.2 % |
| MREL |
53.7 % |
64.6 % |
67.8 % |
| MREL, substituted |
36.7 % |
31.0 % |
35.9 % |
| NSFR |
130.0 % |
126.0 % |
127.0 % |
| |
|
|
|
| Branches and staff |
31 Mar 2024 |
31 Mar 2023 |
31 Dec 2023 |
| Number of branches |
47 |
40 |
46 |
| No. Of full-time positions |
1,637 |
1,432 |
1,545 |
1) Defined as alternative performance measures, see attachment to quarterly report
|
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