Profit performance

QUARTERLY PROFIT (NOK million)	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Net interest income	53	60	67	56	66
Other operating income	-17	22	-5	-22	-5
Total operating expenses	13	16	14	13	11
Profit before impairment on loans	23	66	48	21	50
Impairment on loans	3	-2	0	1	0
Pre-tax profit	20	68	48	20	50
Taxes	4	16	10	4	11
Profit after tax	16	52	38	16	39

As a percentage of average assets:
Net interest income	0.62	0.67	0.83	0.73	0.90
Other operating income	-0.20	0.24	-0.06	-0.29	-0.06
Total operating expenses	0.16	0.18	0.17	0.17	0.15
Profit before impairment on loans	0.26	0.73	0.60	0.27	0.69
Impairment on loans	0.02	-0.02	0.00	0.00	0.00
Pre-tax profit	0.24	0.75	0.60	0.27	0.69
Taxes	0.06	0.16	0.13	0.07	0.15
Profit after tax	0.18	0.59	0.47	0.20	0.54

Average total assets (NOK million)	34 663	35 985	31 981	30 654	29 263

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.09.2023	30.09.2022	31.12.2022
Net interest income	180	207	263
Other operating income	0	-7	-29
Total operating expenses	43	38	51
Profit before impairment on loans	137	162	183
Impairment on loans	1	5	6
Pre-tax profit	136	157	177
Taxes	30	35	39
Profit after tax	106	122	138

As a percentage of average assets:
Net interest income	0.70	0.91	0.87
Other operating income	0.00	-0.03	-0.10
Total operating expenses	0.17	0.17	0.17
Profit before impairment on loans	0.53	0.71	0.60
Impairment on loans	0.00	0.02	0.02
Pre-tax profit	0.53	0.69	0.58
Taxes	0.12	0.15	0.13
Profit after tax	0.41	0.54	0.45

Average total assets (NOK million)	34 210	30 329	30 410