Profit performance

QUARTERLY PROFIT (NOK million)	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Net interest income	67	72	74	70	57
Other operating income	0	-5	-3	-4	-14
Total operating expenses	17	14	14	15	15
Profit before impairment on loans	50	53	57	51	28
Impairment on loans	0	-1	-3	-2	0
Pre-tax profit	50	54	60	53	28
Taxes	11	12	13	12	6
Profit after tax	39	42	47	41	22

As a percentage of average assets:
Net interest income	0.71	0.82	0.86	0.79	0.64
Other operating income	0.00	-0.05	-0.04	-0.05	-0.15
Total operating expenses	0.18	0.15	0.17	0.17	0.17
Profit before impairment on loans	0.53	0.62	0.65	0.57	0.32
Impairment on loans	-0.01	0.00	-0.04	-0.02	0.00
Pre-tax profit	0.54	0.62	0.69	0.59	0.32
Taxes	0.12	0.14	0.15	0.13	0.07
Profit after tax	0.42	0.48	0.54	0.46	0.25

Average total assets (NOK million)	37 918	34 771	34 258	35 808	35 468

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.12.2024	31.12.2023
Net interest income	283	237
Other operating income	-12	-14
Total operating expenses	60	58
Profit before impairment on loans	211	165
Impairment on loans	-6	1
Pre-tax profit	217	164
Taxes	48	36
Profit after tax	169	128

As a percentage of average assets:
Net interest income	0.79	0.69
Other operating income	-0.03	-0.04
Total operating expenses	0.17	0.17
Profit before impairment on loans	0.59	0.48
Impairment on loans	-0.02	0.00
Pre-tax profit	0.61	0.48
Taxes	0.14	0.11
Profit after tax	0.47	0.37

Average total assets (NOK million)	35 689	34 524