For the subsidiaries the figures refer to the respective company accounts, while for joint ventures incorporated by the equity method the Group’s profit share is stated, after tax, as well as book value of the investment at group level.
Group First Half 2024 | ||||||||||
Profit and loss account (NOKm) | RM | CM | Sunnmøre og Fjordane | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
Net interest | 939 | 695 | 348 | 3 | 266 | 1 | - | 393 | 2,646 | |
Interest from allocated capital | 205 | 117 | 78 | - | - | - | - | -401 | - | |
Total interest income | 1,144 | 812 | 426 | 3 | 266 | 1 | - | -7 | 2,646 | |
Comission income and other income | 359 | 117 | 79 | 266 | -30 | 463 | - | 16 | 1,270 | |
Net return on financial investments **) | 1 | 0 | 4 | 1 | - | - | 342 | 55 | 404 | |
Total income | 1,503 | 930 | 509 | 271 | 236 | 465 | 342 | 64 | 4,320 | |
Total operating expenses | 324 | 116 | 104 | 207 | 84 | 376 | - | 389 | 1,600 | |
Ordinary operating profit | 1,179 | 814 | 405 | 63 | 152 | 89 | 342 | -325 | 2,720 | |
Loss on loans, guarantees etc. | 17 | 15 | 28 | - | 10 | - | - | -0 | 70 | |
Result before tax | 1,162 | 798 | 377 | 63 | 143 | 89 | 342 | -325 | 2,649 | |
Return on equity *) | 19.4 % | 25.0 % | 15.0 % | 15.6 % |
Group First Half 2023 | ||||||||||
Profit and loss account (NOKm) | RM | CM | Sunnmøre og Fjordane | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
Net interest | 863 | 622 | 246 | 1 | 252 | 2 | - | 174 | 2,160 | |
Interest from allocated capital | 143 | 84 | 44 | - | - | - | - | -271 | - | |
Total interest income | 1,006 | 706 | 290 | 1 | 252 | 2 | - | -97 | 2,160 | |
Comission income and other income | 348 | 120 | 45 | 224 | -53 | 398 | - | 20 | 1,102 | |
Net return on financial investments **) | 3 | -3 | 10 | 1 | -13 | - | 223 | -122 | 99 | |
Total income | 1,356 | 823 | 345 | 226 | 186 | 400 | 223 | -198 | 3,361 | |
Total operating expenses | 510 | 185 | 106 | 178 | 59 | 312 | 61 | 1,411 | ||
Ordinary operating profit | 846 | 638 | 239 | 48 | 127 | 89 | 223 | -260 | 1,950 | |
Loss on loans, guarantees etc. | -5 | 23 | -91 | - | 32 | - | - | -1 | -42 | |
Result before tax | 851 | 615 | 329 | 48 | 95 | 89 | 223 | -259 | 1,991 | |
Return on equity *) | 18,4 % | 23,2 % | 17,6 % | 13.9 % |
Group 2023 | ||||||||||
Profit and loss account (NOKm) | RM | CM | Sunnmøre og Fjordane | EM 1 | SB 1 Finans MN | SB 1 Regnskaps-huset SMN | Other | Uncollated | Total | |
Net interest | 1,824 | 1,335 | 598 | 2 | 490 | 4 | - | 379 | 4,632 | |
Interest from allocated capital | 328 | 195 | 112 | - | - | - | - | -634 | - | |
Total interest income | 2,151 | 1,530 | 709 | 2 | 490 | 4 | - | -255 | 4,632 | |
Comission income and other income | 652 | 234 | 110 | 432 | -97 | 716 | - | 37 | 2,084 | |
Net return on financial investments **) | 1 | 6 | 7 | 1 | -82 | - | 379 | 488 | 799 | |
Total income | 2,804 | 1,770 | 826 | 435 | 311 | 720 | 379 | 270 | 7,515 | |
Total operating expenses | 1,078 | 407 | 315 | 395 | 115 | 612 | - | 97 | 3,017 | |
Ordinary operating profit | 1,726 | 1,363 | 512 | 40 | 196 | 108 | 379 | 173 | 4,498 | |
Loss on loans, guarantees etc. | 1 | 45 | -118 | - | 86 | - | - | -0 | 14 | |
Result before tax | 1,725 | 1,318 | 629 | 40 | 111 | 108 | 379 | 173 | 4,484 | |
Return on equity *) | 18.2 % | 24.3 % | 19.6 % | 14.4 % | ||||||
*) Regulatory capital is used as a basis for calculating capital used in the Private market and Business. |
**) Specification of other (NOKm) | 30 Jun 24 | 30 Jun 23 | 31 Dec 23 | |||
SpareBank 1 Gruppen | 41 | 30 | -34 | |||
SpareBank 1 Boligkreditt | 68 | 63 | 98 | |||
SpareBank 1 Næringskreditt | 7 | 5 | 10 | |||
BN Bank | 157 | 119 | 257 | |||
SpareBank 1 Markets | 51 | - | 19 | |||
SpareBank 1 Kreditt | -2 | -6 | -13 | |||
SpareBank 1 Betaling | -14 | -20 | -37 | |||
SpareBank 1 Forvaltning | 23 | 16 | 35 | |||
Other companies | 10 | 16 | 46 | |||
Income from investment in associates and joint ventures | 342 | 223 | 379 | |||
SpareBank 1 Mobilitet Holding | - | -13 | -82 | |||
Net income from investment in associates and joint ventures | 342 | 209 | 297 |