Profit performance

QUARTERLY PROFIT (NOK million)	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Net interest income	72	74	70	57	53
Other operating income	-5	-3	-4	-14	-17
Total operating expenses	14	14	15	15	13
Profit before impairment on loans	53	57	51	28	23
Impairment on loans	-1	-3	-2	0	3
Pre-tax profit	54	60	53	28	20
Taxes	12	13	12	6	4
Profit after tax	42	47	41	22	16

As a percentage of average assets:
Net interest income	0.82	0.86	0.79	0.64	0.62
Other operating income	-0.05	-0.04	-0.05	-0.15	-0.20
Total operating expenses	0.15	0.17	0.17	0.17	0.16
Profit before impairment on loans	0.62	0.65	0.57	0.32	0.26
Impairment on loans	0.00	-0.04	-0.02	0.00	0.02
Pre-tax profit	0.62	0.69	0.59	0.32	0.24
Taxes	0.14	0.15	0.13	0.07	0.06
Profit after tax	0.48	0.54	0.46	0.25	0.18

Average total assets (NOK million)	34 771	34 258	35 808	35 468	34 663

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	30.09.2024	30.09.2023	31.12.2023
Net interest income	216	180	237
Other operating income	-12	0	-14
Total operating expenses	43	43	58
Profit before impairment on loans	161	137	165
Impairment on loans	-6	1	1
Pre-tax profit	167	136	164
Taxes	37	30	36
Profit after tax	130	106	128

As a percentage of average assets:
Net interest income	0.83	0.70	0.69
Other operating income	-0.05	0.00	-0.04
Total operating expenses	0.16	0.17	0.17
Profit before impairment on loans	0.62	0.53	0.48
Impairment on loans	-0.02	0.00	0.00
Pre-tax profit	0.64	0.53	0.48
Taxes	0.14	0.12	0.11
Profit after tax	0.50	0.41	0.37

Average total assets (NOK million)	34 946	34 210	34 524