Profit performance - Group

QUARTERLY PROFIT
(NOK million)	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Net interest income	335	320	307	304	314
Other operating income	45	69	64	83	71
Total operating costs	174	158	158	155	156
Profit before impairment on loans	206	231	213	232	229
Impairment on loans, guarantees etc.	5	2	28	14	35
Pre-tax profit	201	229	185	218	194
Tax	48	53	42	48	47
Profit after tax	153	176	143	170	147

As a percentage of average assets
Net interest income	1.62	1.58	1.53	1.53	1.59
Other operating income	0.22	0.34	0.31	0.42	0.36
Total operating costs	0.84	0.78	0.79	0.79	0.78
Profit before impairment on loans	1.00	1.14	1.05	1.16	1.17
Impairment on loans, guarantees etc.	0.03	0.01	0.14	0.07	0.18
Pre-tax profit	0.97	1.13	0.91	1.09	0.99
Tax	0.23	0.27	0.21	0.23	0.24
Profit after tax	0.74	0.86	0.70	0.86	0.75