Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Net interest income	60	67	56	66	65
Other operating income	22	-5	-22	-5	-5
Total operating expenses	16	14	13	11	14
Profit before impairment on loans	66	48	21	50	46
Impairment on loans	-2	0	1	0	4
Pre-tax profit	68	48	20	50	42
Taxes	16	10	4	11	10
Profit after tax	52	38	16	39	32

As a percentage of average assets:
Net interest income	0.67	0.83	0.73	0.90	0.83
Other operating income	0.24	-0.06	-0.29	-0.06	-0.06
Total operating expenses	0.18	0.17	0.17	0.15	0.18
Profit before impairment on loans	0.73	0.60	0.27	0.69	0.59
Impairment on loans	-0.02	0.00	0.00	0.00	0.06
Pre-tax profit	0.75	0.60	0.27	0.69	0.53
Taxes	0.16	0.13	0.07	0.15	0.12
Profit after tax	0.59	0.47	0.20	0.54	0.41

Average total assets (NOK million)	35 985	31 981	30 654	29 263	31 520

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2023	30.06.2022	31.12.2022
Net interest income	127	141	263
Other operating income	17	-2	-29
Total operating expenses	30	27	51
Profit before impairment on loans	114	112	183
Impairment on loans	-2	5	6
Pre-tax profit	116	107	177
Taxes	26	24	39
Profit after tax	90	83	138

As a percentage of average assets:
Net interest income	0.74	0.92	0.87
Other operating income	0.10	-0.02	-0.10
Total operating expenses	0.17	0.18	0.17
Profit before impairment on loans	0.67	0.72	0.60
Impairment on loans	-0.01	0.03	0.02
Pre-tax profit	0.68	0.69	0.58
Taxes	0.15	0.15	0.13
Profit after tax	0.53	0.54	0.45

Average total assets (NOK million)	33 983	30 862	30 410