Financial highlights - Group

	Q1 2018		Q1 2017		2017
Income statement
	NOK million	%	NOK million	%	NOK million	%
Net interest income	289	1.73	261	1.69	1 100	1.72
Net commission and other operating income	47	0.28	42	0.27	194	0.30
Net return from financial investments	6	0.04	24	0.16	48	0.08
Total income	342	2.05	327	2.12	1 342	2.10
Total operating costs	149	0.89	150	0.97	590	0.92
Profit before impairment on loans	193	1.16	177	1.15	752	1.18
Impairment on loans, guarantees etc.	2	0.01	2	0.01	13	0.02
Pre tax profit	191	1.15	175	1.14	739	1.16
Tax	50	0.29	44	0.28	182	0.28
Profit after tax	141	0.86	131	0.86	557	0.88

NOK million	31.03.2018	% change in Q1 2018	31.12.2017	% change during last 12 months	31.03.2017
Statement of financial position
Total assets	68 607	3.2	66 491	8.7	63 124
Average assets	66 866	4.5	64 000	8.3	61 719
Loans to and receivables from customers	58 194	2.3	56 867	9.6	53 993
Gross loans to retail customers	40 224	1.0	39 817	6.3	37 850
Gross loans to corporate and public entities	18 229	6.2	17 168	11.8	16 311
Deposits from customers	33 539	2.2	32 803	2.7	32 656
Deposits from retail customers	19 928	1.2	19 688	5.3	18 923
Deposits from corporate and public entities	13 611	3.9	13 101	-0.4	13 668

	Q1 2018	Q1 2017	2017
Key figures
Return on equity (annualized) 4)	10.1	10.1	10.4
Costs as a percentage of income	43.6	45.9	44.0
Losses as a percentage of loans 1.1/start of the period	0.01	0.01	0.02
Problem loans as a percentage of loans (prior to impairment)	0.58	0.31	0.57
Problem loans as a percentage of loans (after impairment)	0.40	0.22	0.40
Deposits to lending ratio as a percentage	57.6	60.5	57.7
Liquidity Coverage Ratio (LCR)	146	99	159
Lending growth as a percentage	7.8	5.0	7.9
Deposit growth as a percentage	2.7	9.8	0.7
Capital adequacy ratio 1) 2)	18.6	18.6	18.4
Tier 1 capital as a percentage 1) 2)	16.6	17.1	16.8
Common Equity Tier 1 capital as a percentage 1) 2)	15.1	14.9	15.0
Leverage Ratio (LR) 2)	8.1	8.6	8.2
Man-years	363	371	359

	31.03.2018	31.03.2017	2017	2016	2015	2014
Equity Certificates (ECs)
Profit per EC (Group) (NOK) 3)	7.00	6.55	27.70	28.80	25.25	31.20
Profit per EC (Parent Bank) (NOK) 3)	12.00	12.60	27.00	29.85	25.70	29.10
EC fraction 1.1 as a percentage (Parent Bank)	49.6	49.6	49.6	49.6	49.6	49.6
Number of ECs issued (NOK million)	988.70	988.70	988.70	988.70	988.70	988.70
Price at Oslo Stock Exchange (NOK)	276	237	262	254	188	216
Stock market value (NOK million)	2 729	2 343	2 590	2 511	1 859	2 136
Book value per EC (Group) (NOK)	280	263	289	275	257	244
Dividend per EC (NOK)	0.00	0.00	14.00	14.00	11.50	13.50
Price/Earnings (Group, annualized)	9.7	9.1	9.4	8.8	7.3	7.4
Price/Book value (P/B) (Group) 3)	0.99	0.90	0.91	0.93	0.73	0.89
1) Calculated according to IRB in Basel II incl. transitional rule in Basel I. IRB for mass market from 31 March 2015 and IRB Foundation for corporate commitments from 30 June 2014.
2) Incl. 50 per cent of total profit after tax.
3) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
4) Calculated using the share of the profit to be allocated to the equity owners.