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Financial highlights - Group
| Income statement | ||||||
|---|---|---|---|---|---|---|
| Q1 2015 | Q1 2014 | 2014 | ||||
| NOK million | In percentage | NOK million | In percentage | NOK million | In percentage | |
| Net interest income | 273 | 1.93 | 269 | 1.98 | 1 093 | 2.01 |
| Net commission and other operating income | 47 | 0.33 | 43 | 0.32 | 180 | 0.33 |
| Net return from financial investments | 20 | 0.14 | 17 | 0.12 | 135 | 0.25 |
| Total income | 340 | 2.40 | 329 | 2.42 | 1 408 | 2.59 |
| Total operating costs | 147 | 1.04 | 143 | 1.05 | 564 | 1.04 |
| Profit before impairment on loans | 193 | 1.36 | 186 | 1.37 | 844 | 1.55 |
| Impairment on loans, guarantees etc. | 8 | 0.06 | 6 | 0.04 | 22 | 0.04 |
| Pre tax profit | 185 | 1.30 | 180 | 1.33 | 822 | 1.51 |
| Tax | 50 | 0.35 | 48 | 0.35 | 199 | 0.36 |
| Profit after tax | 135 | 0.95 | 132 | 0.98 | 623 | 1.15 |
| Statement of financial position | |||||
|---|---|---|---|---|---|
| NOK million | 31.03.2015 | % change during Q1 2015 | 31.12.2014 | % change during last 12 months | 31.03.2014 |
| Total assets | 58 253 | 3.5 | 56 305 | 7.2 | 54 339 |
| Average assets | 56 688 | 4.1 | 54 455 | 4.2 | 54 422 |
| Loans to and receivables from customers | 50 454 | 3.2 | 48 884 | 9.5 | 46 072 |
| Deposits from customers | 28 477 | 0.3 | 28 389 | 0.2 | 28 434 |
| Key figures | |||
|---|---|---|---|
| Q1 2015 | Q1 2014 | 2014 | |
| Return on equity (annualised) | 11.7 | 12.1 | 14.0 |
| Costs as a percentage of income | 43.2 | 43.5 | 40.1 |
| Losses as a percentage of loans 1.1/start of the period | 0.06 | 0.05 | 0.05 |
| Problem loans as a percentage of loans (prior to impairment) | 0.77 | 1.21 | 0.80 |
| Problem loans as a percentage of loans (after impairment) | 0.50 | 0.84 | 0.51 |
| Deposits to lending ratio as a percentage | 56.4 | 61.5 | 58.1 |
| Core capital as a percentage 1) 2) | 16.1 | 15.8 | 14.4 |
| Core tier 1 capital as a percentage 1) 2) | 13.6 | 12.8 | 12.0 |
| Man-years | 380 | 382 | 383 |
| Equity Certificates: | |||
| Profit per EC (Group) (NOK) | 6.75 | 6.62 | 31.20 |
| Profit per EC (Parent Bank) (NOK) | 13.55 | 11.77 | 29.10 |
| EC fraction 1.1 as a percentage (Parent Bank) | 49.6 | 49.6 | 49.6 |
| Price at Oslo Stock Exchange (NOK) | 229 | 196 | 216 |
| Price/Book value (P/B) (Group) 3) | 0.97 | 0.87 | 0.89 |
| 1) Sparebanken Møre's capital requirements have been based on IRB-Foundation for corporate commitments from 30th June 2014 and IRB-Retail for retail commitments from 31st March 2015. | |||
| 2) Incl. 50 per cent of profit after tax | |||
| 3) Incl. 100 per cent of profit after tax | |||