Main figures

  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 
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Key figures ECC  30 Sep 2024 30 Sep 2023 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
ECC ratio 67 % 67 % 67 % 64 % 64 % 64 %
Number of certificates issued, millions 1) 144.21 143.82 144.20 129.29 129.39 129.39
ECC share price at end of period (NOK) 153.46 137.20 141.80 127.40 149.00 97.60
Stock value (NOKm) 22,130 19,732 20,448 16,471 19,279 12,629
Booked equity capital per ECC (including dividend) 1) 124.05 116.39 120.48 109.86 103.48 94.71
Profit per ECC, majority 1) 15.57 11.14 16.88 12.82 13.31 8.87
Dividend per ECC     12.00 6.50 7.50 4.40
Price-Earnings Ratio 1) 7.28 9.24 8.40 9.94 11.19 11.01
Price-Book Value Ratio 1) 1.24 1.18 1.18 1.16 1.44 1.03
1) Defined as alternative performance measures, see attachment to quarterly report            
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