Profit performance

QUARTERLY PROFIT (NOK million)	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Net interest income	74	70	57	53	60
Other operating income	-3	-4	-14	-17	22
Total operating expenses	14	15	15	13	16
Profit before impairment on loans	57	51	28	23	66
Impairment on loans	-3	-2	0	3	-2
Pre-tax profit	60	53	28	20	68
Taxes	13	12	6	4	16
Profit after tax	47	41	22	16	52

As a percentage of average assets:
Net interest income	0.86	0.79	0.64	0.62	0.67
Other operating income	-0.04	-0.05	-0.15	-0.20	0.24
Total operating expenses	0.17	0.17	0.17	0.16	0.18
Profit before impairment on loans	0.65	0.57	0.32	0.26	0.73
Impairment on loans	-0.04	-0.02	0.00	0.02	-0.02
Pre-tax profit	0.69	0.59	0.32	0.24	0.75
Taxes	0.15	0.13	0.07	0.06	0.16
Profit after tax	0.54	0.46	0.25	0.18	0.59

Average total assets (NOK million)	34 258	35 808	35 468	34 663	35 985

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.06.2024	30.06.2023	31.12.2023
Net interest income	144	127	237
Other operating income	-7	17	-14
Total operating expenses	29	30	58
Profit before impairment on loans	108	114	165
Impairment on loans	-5	-2	1
Pre-tax profit	113	116	164
Taxes	25	26	36
Profit after tax	88	90	128

As a percentage of average assets:
Net interest income	0.82	0.74	0.69
Other operating income	-0.04	0.10	-0.04
Total operating expenses	0.17	0.17	0.17
Profit before impairment on loans	0.61	0.67	0.48
Impairment on loans	-0.03	-0.01	0.00
Pre-tax profit	0.64	0.68	0.48
Taxes	0.14	0.15	0.11
Profit after tax	0.50	0.53	0.37

Average total assets (NOK million)	35 033	33 983	34 524