Profit performance - Group

QUARTERLY PROFIT
(NOK million)	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019
Net interest income	342	339	351	320	304
Other operating income	12	75	63	78	77
Total operating costs	167	168	161	160	157
Profit before impairment on loans	187	246	253	238	224
Impairment on loans, guarantees etc.	36	15	16	6	13
Pre-tax profit	151	231	237	232	211
Tax	34	41	57	53	49
Profit after tax	117	190	180	179	162

As a percentage of average assets
Net interest income	1.80	1.79	1.91	1.75	1.69
Other operating income	0.06	0.40	0.34	0.43	0.43
Total operating costs	0.88	0.89	0.87	0.88	0.87
Profit before impairment on loans	0.98	1.30	1.38	1.30	1.25
Impairment on loans, guarantees etc.	0.19	0.08	0.09	0.03	0.07
Pre-tax profit	0.79	1.22	1.29	1.27	1.18
Tax	0.18	0.21	0.31	0.29	0.26
Profit after tax	0.61	1.01	0.98	0.98	0.92