Financial highlights - Group

Income statement      
 Q1 2017Q1 20162016
 NOK million%NOK million%NOK million%
Net interest income2611.692701.801 0821.79
Net commission and other operating income420.27420.281820.30
Net return from financial investments240.16140.09990.16
Total income3272.123262.171 3632.25
Total operating costs1500.971480.995860.97
Profit before impairment on loans1771.151781.187771.28
Impairment on loans, guarantees etc.20.01-2-0.01220.04
Pre tax profit1751.141801.197551.24
Profit after tax1310.861340.895740.94
Statement of financial position     
NOK million31.03.2017% change in Q1 201731.12.2016% change during last 12 months31.03.2016
Total assets63 1242.561 5935.160 088
Average assets61 7192.060 5253.059 925
Loans to and receivables from customers53 9932.552 6915.051 440
Gross loans to retail customers37 8501.937 1338.035 049
Gross loans to corporate and public entities16 3113.715 734-0.716 439
Deposits from customers32 6560.332 5629.829 738
Deposits from retail customers18 9231.318 6756.717 742
Deposits from corporate and public entities13 668-1.513 87714.511 937
Key figures   
 Q1 2017Q1 20162016
Return on equity (annualised)
Costs as a percentage of income45.945.443.0
Losses as a percentage of loans 1.1/start of the period0.01-0.020.04
Problem loans as a percentage of loans (prior to impairment)0.320.411.16
Problem loans as a percentage of loans (after impairment)
Deposits to lending ratio as a percentage60.557.861.8
Liquidity Coverage Ratio (LCR)999391
Lending growth as a percentage5.02.02.7
Deposit growth as a percentage9.84.410.8
Capital adequacy ratio 1) 2)18.618.218.6
Core capital as a percentage 1) 2)17.116.617.0
Core tier 1 capital as a percentage 1) 2)14.914.214.6
Leverage Ratio (LR)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK)6.556.8028.8025.2531.2021.65
Profit per EC (Parent Bank) (NOK)12.6013.6029.8525.7029.1018.45
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.649.649.647.7
Number of ECs issued (NOK million)988.70988.70988.70988.70988.70988.70
Price at Oslo Stock Exchange (NOK)237188254188216198
Stock market value (NOK million)2 3431 8592 5111 8592 1361 958
Book value per EC (Group) (NOK)263249271253242223
Dividend per EC (NOK)0.0011.5014.0011.5013.508.00
Price/Earnings (Group, annualised)
Price/Book value (P/B) (Group) 3)0.900.760.940.740.890.89
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