Back
Financial highlights Group
| Income statement | ||||||||
|---|---|---|---|---|---|---|---|---|
| (Amounts in percentage of average assets) | ||||||||
| Q4 2022 | Q4 2021 | 2022 | 2021 | |||||
| NOK million | % | NOK million | % | NOK million | % | NOK million | % | |
| Net interest income | 432 | 1.95 | 335 | 1.62 | 1 517 | 1.78 | 1 266 | 1.57 |
| Net commission and other operating income | 67 | 0.30 | 61 | 0.29 | 246 | 0.29 | 218 | 0.27 |
| Net result from financial instruments | 35 | 0.16 | -16 | -0.07 | -7 | -0.01 | 43 | 0.05 |
| Total income | 534 | 2.41 | 380 | 1.84 | 1 756 | 2.06 | 1 527 | 1.89 |
| Total operating costs | 216 | 0.97 | 174 | 0.84 | 747 | 0.87 | 645 | 0.80 |
| Profit before impairment on loans | 318 | 1.44 | 206 | 1.00 | 1 009 | 1.19 | 882 | 1.09 |
| Impairment on loans, guarantees etc. | 2 | 0.01 | 5 | 0.03 | -4 | 0.00 | 49 | 0.06 |
| Pre-tax profit | 316 | 1.43 | 201 | 0.97 | 1 013 | 1.19 | 833 | 1.03 |
| Tax | 74 | 0.34 | 48 | 0.23 | 236 | 0.28 | 191 | 0.24 |
| Profit after tax | 242 | 1.09 | 153 | 0.74 | 777 | 0.91 | 642 | 0.79 |
| Statement of financial position | |||
|---|---|---|---|
| (NOK million) | 31.12.2022 | Change over the last 12 months (%) | 31.12.2021 |
| Total assets 4) | 89 501 | 8.1 | 82 797 |
| Average assets 4) | 85 436 | 5.6 | 80 941 |
| Loans to and receivables from customers | 76 078 | 8.8 | 69 925 |
| Gross loans to retail customers | 50 818 | 6.9 | 47 557 |
| Gross loans to corporate and public entities | 25 575 | 12.7 | 22 697 |
| Deposits from customers | 43 881 | 4.8 | 41 853 |
| Deposits from retail customers | 26 344 | 6.8 | 24 667 |
| Deposits from corporate and public entities | 17 537 | 2.0 | 17 186 |
| Key figures and alternative performance measures (APMs) | ||||
|---|---|---|---|---|
| Q4 2022 | Q4 2021 | 2022 | 2021 | |
| Return on equity (annualised) 3) 4) | 13.2 | 8.9 | 10.9 | 9.5 |
| Cost/income ratio 4) | 40.3 | 45.9 | 42.5 | 42.2 |
| Losses as a percentage of loans and guarantees (annualised) 4) | 0.01 | 0.03 | -0.01 | 0.07 |
| Gross credit-impaired commitments as a percentage of loans/guarantee liabilities | 1.44 | 1.52 | 1.44 | 1.52 |
| Net credit-impaired commitments as a percentage of loans/guarantee liabilities | 1.20 | 1.16 | 1.20 | 1.16 |
| Deposit-to-loan ratio 4) | 57.4 | 59.6 | 57.4 | 59.6 |
| Liquidity Coverage Ratio (LCR) | 185 | 122 | 185 | 122 |
| NSFR (Net Stable Funding Ratio) | 123 | 111 | 123 | 111 |
| Lending growth as a percentage 4) | 3.2 | 0.7 | 8.8 | 4.6 |
| Deposit growth as a percentage 4) | -1.8 | 2.6 | 4.8 | 7.3 |
| Capital adequacy ratio 1) | 22.1 | 20.9 | 22.1 | 20.9 |
| Tier 1 capital ratio 1) | 19.7 | 18.9 | 19.7 | 18.9 |
| Common Equity Tier 1 capital ratio (CET1) 1) | 17.9 | 17.2 | 17.9 | 17.2 |
| Leverage Ratio (LR) 1) | 7.6 | 7.7 | 7.6 | 7.7 |
| Man-years | 374 | 364 | 374 | 364 |
| Equity Certificates (ECs) | ||||||
|---|---|---|---|---|---|---|
| 31.12.2022 | 2021 | 2020 | 2019 | 2018 | ||
| Profit per EC (Group) (NOK) 2) | 7.50 | 31.10 | 27.10 | 34.50 | 29.60 | |
| Profit per EC (parent bank) (NOK) 2) | 8.48 | 30.98 | 26.83 | 32.00 | 28.35 | |
| Number of EC | 49 434 770 | 9 886 954 | 9 886 954 | 9 886 954 | 9 886 954 | |
| Nominal value per EC (NOK) | 20.00 | 100.00 | 100.00 | 100.00 | 100.00 | |
| EC fraction 1.1 as a percentage (parent bank) | 49.7 | 49.7 | 49.6 | 49.6 | 49.6 | |
| EC capital (NOK million) | 988.70 | 988.70 | 988.70 | 988.70 | 988.70 | |
| Price at Oslo Stock Exchange (NOK) | 84.41 | 444 | 296 | 317 | 283 | |
| Stock market value (NOK million) | 4 173 | 4 390 | 2 927 | 3 134 | 2 798 | |
| Book value per EC (Group) (NOK) 4) | 74.8 | 350 | 332 | 320 | 303 | |
| Dividend per EC (NOK) 5) | 4.00 | 16.00 | 13.50 | 14.00 | 15.50 | |
| Price/Earnings (Group, annualised) | 11.3 | 14.3 | 10.9 | 9.2 | 9.6 | |
| Price/Book value (P/B) (Group) 2) 4) | 1.13 | 1.27 | 0.89 | 0.99 | 0.93 | |
| 1) Including proposed allocations | ||||||
| 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 for 2021 is thus NOK 3.20 | ||||||