|
Third quarter |
First nine months |
|
From the income statement (NOKm) |
2024 |
2023 |
2024 |
2023 |
2023 |
Net interest |
1,355 |
1,226 |
4,001 |
3,386 |
4,732 |
Net commission income and other income |
553 |
484 |
1,812 |
1,586 |
2,085 |
Net return on financial investments |
670 |
62 |
1,074 |
161 |
699 |
Total income |
2,578 |
1,772 |
6,887 |
5,133 |
7,516 |
Total operating expenses |
810 |
741 |
2,399 |
2,152 |
3,018 |
Results before losses |
1,769 |
1,032 |
4,488 |
2,981 |
4,498 |
Loss on loans, guarantees etc |
75 |
35 |
146 |
-6 |
14 |
Results before tax |
1,693 |
996 |
4,342 |
2,988 |
4,484 |
Tax charge |
252 |
278 |
801 |
642 |
904 |
Result investment held for sale, after tax |
0 |
22 |
-2 |
96 |
108 |
Net profit |
1,441 |
740 |
3,540 |
2,441 |
3,688 |
Interest Tier 1 Capital |
32 |
27 |
103 |
86 |
125 |
Net profit excl. Interest Tier 1 Capital |
1,409 |
714 |
3,437 |
2,355 |
3,563 |
|
|
|
|
|
|
Balance sheet figures |
|
|
30 Sep 2024 |
30 Sep 2023 |
31 Dec 2023 |
Gross loans to customers |
|
|
179,590 |
168,940 |
169,862 |
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt |
|
|
247,148 |
234,316 |
236,329 |
Deposits from customers |
|
|
138,042 |
138,231 |
132,889 |
Average total assets |
|
|
239,438 |
235,949 |
235,303 |
Total assets |
|
|
245,951 |
243,472 |
232,717 |
|
|
|
|
|
Third quarter |
First nine months |
|
Key figures |
2024 |
2023 |
2024 |
2023 |
2023 |
Profitability 1) |
|
|
|
|
|
Return on equity |
21.0 % |
11.1 % |
17.4 % |
13.0 % |
14.4 % |
Cost-income ratio |
42 % |
43 % |
41 % |
43 % |
45 % |
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt |
77 % |
82 % |
77 % |
82 % |
78 % |
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt |
56 % |
59 % |
56 % |
59 % |
56 % |
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) |
2.2 % |
1.0 % |
5.5 % |
12.2 % |
11.9 % |
Growth in deposits last 12 months |
-1.2 % |
-1.4 % |
-0.1 % |
14.7 % |
8.9 % |
Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt 1) |
|
|
|
|
|
Impairment losses ratio |
0.12 % |
0.06 % |
0.08 % |
0.00 % |
0.01 % |
Stage 3 as a percentage of gross loans |
0.91 % |
0.98 % |
0.91 % |
0.98 % |
0.88 % |
|
|
|
|
|
|
Solidity |
|
|
30 Sep 2024 |
30 Sep 2023 |
31 Dec 2023 |
Capital ratio |
|
|
23.1 % |
23.7 % |
23.0 % |
Tier 1 capital ratio |
|
|
20.2 % |
21.3 % |
20.8 % |
Common equity Tier 1 capital ratio |
|
|
18.2 % |
19.7 % |
18.8 % |
Tier 1 capital |
|
|
24,097 |
24,283 |
23,793 |
Total eligible capital |
|
|
27,557 |
26,950 |
26,399 |
Liquidity Coverage Ratio (LCR) |
|
|
172 % |
173 % |
175 % |
Leverage Ratio |
|
|
6.9 % |
7.3 % |
7.2 % |
MREL |
|
|
60.1 % |
69.6 % |
67.8 % |
MREL, substituted |
|
|
36.6 % |
36.2 % |
35.9 % |
NSFR |
|
|
127.0 % |
127.4 % |
127.0 % |
|
|
|
|
|
|
Branches and staff |
|
|
|
|
|
Number of branches |
|
|
47 |
46 |
46 |
No. Of full-time positions |
|
|
1,671 |
1,582 |
1,545 |
1) Defined as alternative performance measures, see attachment to quarterly report |