Financial highlights - Group

	Q2 2018		Q2 2017		30.06.2018		30.06.2017		2017
Income statement
	NOK million	%	NOK million	%	NOK million	%	NOK million	%	NOK million	%
Net interest income	291	1.68	268	1.71	580	1.71	529	1.69	1 100	1.72
Net commission and other operating income	52	0.30	50	0.32	99	0.29	92	0.30	194	0.30
Net return from financial investments	26	0.15	13	0.08	32	0.10	37	0.12	48	0.08
Total income	369	2.13	331	2.11	711	2.10	658	2.11	1 342	2.10
Total operating costs	150	0.87	151	0.96	299	0.88	301	0.96	590	0.92
Profit before impairment on loans	219	1.26	180	1.15	412	1.22	357	1.15	752	1.18
Impairment on loans, guarantees etc.	-5	-0.03	6	0.03	-3	-0.01	8	0.03	13	0.02
Pre tax profit	224	1.29	174	1.12	415	1.23	349	1.12	739	1.16
Tax	50	0.29	44	0.28	100	0.29	88	0.27	182	0.28
Profit after tax	174	1.00	130	0.84	315	0.94	261	0.85	557	0.88

Statement of financial position
(NOK million)	30.06.2018	% change YTD 2018	31.12.2017	% change during last 12 months	30.06.2017
Total assets	70 578	6.1	66 491	7.5	65 652
Average assets	68 033	6.3	64 000	8.9	62 446
Loans to and receivables from customers	58 869	3.5	56 867	5.0	56 040
Gross loans to retail customers	40 806	2.5	39 817	5.6	38 634
Gross loans to corporate and public entities	18 264	6.4	17 168	4.2	17 524
Deposits from customers	34 239	4.4	32 803	2.2	33 514
Deposits from retail customers	20 852	5.9	19 688	3.9	20 078
Deposits from corporate and public entities	13 387	2.2	13 101	0.4	13 332

	Q2 2018	Q2 2017	30.06.2018	30.06.2017	2017
Key figures
Return on equity (annualised) 4)	12.3	10.0	11.2	10.0	10.4
Cost income ratio	40.6	45.6	42.1	45.7	44.0
Losses as a percentage of loans 1.1/start of the period	-0.03	0.04	-0.01	0.03	0.02
Problem loans as a percentage of loans (prior to impairment)	0.57	0.62	0.57	0.62	0.57
Problem loans as a percentage of loans (after impairment)	0.41	0.45	0.41	0.45	0.40
Deposits to lending ratio as a percentage	58.2	59.8	58.2	59.8	57.7
Liquidity Coverage Ratio (LCR)	167	132	167	132	159
Lending growth as a percentage	3.5	3.8	5.0	9.5	7.9
Deposit growth as a percentage	4.4	2.6	2.2	6.1	0.7
Capital adequacy ratio 1) 2)	19.1	18.9	19.1	18.9	18.4
Tier 1 capital ratio 1) 2)	17.1	16.9	17.1	16.9	16.8
Common Equity Tier 1 capital ratio (CET1) 1) 2)	15.5	14.3	15.5	14.3	15.0
Leverage Ratio (LR) 2)	8.0	8.3	8.0	8.3	8.2
Man-years	356	364	356	364	359

	30.06.2018	30.06.2017	2017	2016	2015	2014
Equity Certificates (ECs)
Profit per EC (Group) (NOK) 3)	15.45	13.10	27.70	28.80	25.25	31.20
Profit per EC (Parent Bank) (NOK) 3)	18.40	17.60	27.00	29.85	25.70	29.10
EC fraction 1.1 as a percentage (Parent Bank)	49.6	49.6	49.6	49.6	49.6	49.6
EC capital (NOK million)	988.70	988.70	988.70	988.70	988.70	988.70
Price at Oslo Stock Exchange (NOK)	273	244	262	254	188	216
Stock market value (NOK million)	2 700	2 412	2 590	2 511	1 859	2 136
Book value per EC (Group) (NOK)	288	270	289	275	257	244
Dividend per EC (NOK)	14.00	14.00	14.00	14.00	11.50	13.50
Price/Earnings (Group, annualised)	8.8	9.3	9.4	8.8	7.3	7.4
Price/Book value (P/B) (Group) 3)	0.95	0.90	0.91	0.93	0.73	0.89
1) Calculated according to IRB in Basel II incl. transitional rule in Basel I. IRB for mass market from 31st March 2015 and IRB Foundation for corporate commitments from 30th June 2014.
2) Incl. 50 per cent of profit after tax
3) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
4) Calculated using the share of the profit to be allocated to equity owners.