2nd quarter 2024

• Pre-tax profit NOK 1,296m (1,045m)
• Net profit NOK 1,015m (923m)
• Return on equity 15.4% (15.1%)
• CET1 ratio 18.5% (19.1%)
• Growth in group lending 1.5% (8.5%) in the second quarter
• Lending to the bank’s retail customers rose 1.6% in the quarter (9.8%), 1.0 percentage point higher growth than in the previous quarter. Lending to the bank’s corporate clients rose 1.6% (6.8%) which was 0.1 percentage point higher growth than in the previous quarter
• Growth in deposits was 3.9% (13.5%) in the second quarter
• Deposits from retail customers rose 5.4% (15.1%), 3.8 percentage points higher growth than in the first quarter. Deposits from corporate clients climbed 6.3% (13.4%), 3.8 percentage points higher growth than in the previous quarter
• The net result of ownership interests was NOK 148m (85m)
• The net result of financial instruments (incl. dividends) was NOK 5m (2m)
• Losses on loans and guarantees: NOK 47m (29m)
• Earnings per equity certificate (EC): NOK 4.43 (4.21)
• Book value per EC was NOK 117.31 (112.81) and the price of the bank’s EC (MING) was NOK 151.12 (141.00)

First half 2024

• Pre-tax profit NOK 2,469m (1,991m)
• Net profit NOK 2,098m (1,701m)
• Return on equity 15.6% (13.9%)
• CET1 ratio 18.5% (19.1%)
• Growth in lending 4.2% (12.9%), and in deposits minus 0.4% (13.2%) in the last 12 months
• Lending to the bank’s retail customers rose 4.6 per cent in the last 12 months (13.4 per cent). Lending to the bank’s corporate customers rose 3.4 per cent (11.5 per cent) in the same period
• Deposits from retail customers rose 7.4 per cent (15.4 per cent) and deposits from corporate customers were reduced by 5.0 per cent (12.1 per cent increase) in the last 12 months
• The net result of ownership interests was NOK 342m (209m)
• The net result of financial instruments (incl. dividends) was NOK 62m (minus 110m)
• Losses on loans and guarantees: NOK 70m (net recovery of 42m)
• Earnings per equity certificate (EC): NOK 9.14 (7.82)