Financial highlights - Group

Income statement        
(Amounts in percentage of average assets)      
 Q2 2022Q2 202130.06.202230.06.20212021
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income3531.653071.536871.646111.531 2661.56
Net commission and other operating income590.28520.271140.271010.262180.27
Net result from financial instruments-10-0.05120.06-12-0.03460.12430.05
Total income4021.883711.867891.887581.911 5271.88
Total operating costs1740.821580.803520.843130.806450.80
Profit before impairment on loans2281.062131.064371.044451.118821.08
Impairment on loans, guarantees etc.-8-0.04280.14-8-0.02420.11490.06
Pre-tax profit2361.101850.924451.064031.008331.02
Tax530.25420.21990.24900.231910.24
Profit after tax1830.851430.713460.823130.776420.78
Statement of financial position
(NOK million)30.06.2022YTD-change in per cent31.12.2021Change in per cent over the last 12 months30.06.2021
Total assets 4)85 3143.082 7973.082 830
Average assets 4)83 7963.580 9424.979 862
Loans to and receivables from customers72 3003.469 9254.669 132
Gross loans to retail customers48 8262.747 5574.146 919
Gross loans to corporate and public entities23 7894.822 6975.622 526
Deposits from customers44 9467.441 8538.341 484
Deposits from retail customers26 4607.324 6676.224 905
Deposits from corporate and public entities18 4867.617 18611.516 579
Key figures and alternative performance measures (APMs)
 Q2 2022Q2 202130.06.202230.06.20212021
Return on equity (annualised) 3) 4)10.48.59.99.49.5
Cost/income ratio 4)43.342.944.741.342.2
Losses as a percentage of loans and guarantees (annualised) 4)-0.050.16-0.020.120.07
Gross credit-impaired commitments as a percentage of loans/guarantee liabilities0.871.580.871.581.52
Net credit-impaired commitments as a percentage of loans/guarantee liabilities0.571.240.571.241.16
Deposit-to-loan ratio 4)61.959.761.959.759.6
Liquidity Coverage Ratio (LCR)140128140128122
NSFR (Net Stable Funding Ratio)127110127110111
Lending growth as a percentage 4)2.72.14.66.24.6
Deposit growth as a percentage 4)3.32.98.36.27.3
Capital adequacy ratio 1)22.420.622.420.620.9
Tier 1 capital ratio 1)19.918.619.918.618.9
Common Equity Tier 1 capital ratio (CET1) 1)18.116.918.116.917.2
Leverage Ratio (LR) 1)7.77.67.77.67.7
Man-years371343371343364
Equity Certificates (ECs)      
 30.06.202230.06.20212021202020192018
Profit per EC (Group) (NOK) 2)3.3515.1131.1027.1034.5029.60
Profit per EC (parent bank) (NOK) 2)4.9020.9230.9826.8332.0028.35
Number of EC49 434 7709 886 9549 886 9549 886 9549 886 9549 886 954
Nominal value pr EC (NOK)20.00100.00100.00100.00100.00100.00
EC fraction 1.1 as a percentage (parent bank)49.749.649.749.649.649.6
EC capital (NOK million)988.70988.70988.70988.70988.70988.70
Price at Oslo Stock Exchange (NOK)74.31368444296317283
Stock market value (NOK million)3 6733 6384 3902 9273 1342 798
Book value per EC (Group) (NOK) 4)70342350332320303
Dividend per EC (NOK) 5)16.004.5016.0013.5014.0015.50
Price/Earnings (Group, annualised)11.112.214.310.99.29.6
Price/Book value (P/B) (Group) 2) 4)1.051.071.270.890.990.93
1) Incl. 50 % of the comprehensive income
2) Calculated using the EC-holders' share (49.7 %) of the period's profit to be allocated to equity owners
3) Calculated using the share of the profit to be allocated to equity owners
4) Defined as alternative performance measure (APM), see attachment to the quarterly report
5) Our EC(MORG) was split 1:5 in April 2022. The restated dividend per EC is thus NOK 3.20