Financial highlights - Group

Income statement      
 Q1 2016Q1 20152015
 NOK million%NOK million%NOK million%
Net interest income2501.672551.801 0981.89
Net commission and other operating income420.28470.331930.33
Net return from financial investments140.09200.14120.02
Total income3062.043222.271 3032.24
Total operating costs1480.991471.045610.96
Profit before impairment on loans1581.051751.237421.28
Impairment on loans, guarantees etc.-2-0.0180.06500.09
Pre tax profit1601.061671.176921.19
Profit after tax1200.801220.855030.87
Statement of financial position     
NOK million31.03.2016% change in Q1 201631.12.2015% change during last 12 months31.03.2015
Total assets60 088-0.160 1203.258 253
Average assets59 9253.158 1135.756 688
Loans to and receivables from customers51 4400.351 2862.050 454
Gross loans to retail customers35 0490.734 8226.832 806
Gross loans to corporate and public entities16 439-0.516 526-6.917 652
Deposits from customers29 7381.229 3894.428 477
Deposits from retail customers17 742-0.517 8293.917 072
Deposits from corporate and public entities11 9373.411 5505.711 288
Key figures   
 Q1 2016Q1 20152015
Return on equity (annualised)10.010.510.7
Costs as a percentage of income48.445.943.0
Losses as a percentage of loans 1.1/start of the period-
Problem loans as a percentage of loans (prior to impairment)0.410.770.47
Problem loans as a percentage of loans (after impairment)0.270.500.32
Deposits to lending ratio as a percentage57.856.457.3
Liquidity Coverage Ratio (LCR)93.0131.0123.0
Lending growth as a percentage2.09.54.9
Deposit growth as a percentage4.40.23.5
Capital adequacy ratio 1) 2)18.217.818.1
Core capital as a percentage 1) 2)16.616.116.6
Core tier 1 capital as a percentage 1) 2)14.213.614.1
Leverage Ratio (LR)
Equity Certificates:   
Profit per EC (Group) (NOK)6.056.1025.25
Profit per EC (Parent Bank) (NOK)12.7512.9025.70
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.6
Price at Oslo Stock Exchange (NOK)188229188
Price/Book value (P/B) (Group) 3)0.760.970.74
1) Calculated according to IRB in Basel II incl. transitional rule in Basel I. IRB for mass market from 31st March 2015 and IRB Foundation for corporate commitments from 30th June 2014.
2) Incl. 50 per cent of profit after tax   
3) Incl. 100 per cent of profit after tax