Financial highlights - Group

Income statement          
 Q2 2016Q2 201530.06.201630.06.20152015
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income2751.862751.915251.755301.861 0981.89
Net commission and other operating income460.30510.36880.29980.331930.33
Net return from financial investments600.40140.10740.25340.13120.02
Total income3812.563402.376872.296622.321 3032.24
Total operating costs1470.981441.012950.982911.025610.96
Profit before impairment on loans2341.581961.363921.313711.307421.28
Impairment on loans, guarantees etc.-3-0.0270.05-5-0.02150.05500.09
Pre tax profit2371.601891.313971.333561.256921.19
Profit after tax1861.261390.983061.032610.915030.87
Statement of financial position     
NOK million30.06.2016% change YTD 201631.12.2015% change during last 12 months30.06.2015
Total assets61 7122.660 1204.858 902
Average assets59 9003.158 1134.957 075
Loans to and receivables from customers51 192-0.251 2861.550 458
Gross loans to retail customers35 7872.834 8226.533 588
Gross loans to corporate and public entities15 467-6.416 526-8.716 933
Deposits from customers31 5957.529 3895.529 959
Deposits from retail customers18 7835.417 8294.118 051
Deposits from corporate and public entities12 70610.011 5508.511 706
Key figures     
 Q2 2016Q2 201530.06.201630.06.20152015
Return on equity (annualised)15.211.912.611.210.7
Costs as a percentage of income38.542.442.944.043.0
Losses as a percentage of loans 1.1/start of the period-0.020.06-
Problem loans as a percentage of loans (prior to impairment)0.390.740.390.740.47
Problem loans as a percentage of loans (after impairment)0.250.520.250.520.32
Deposits to lending ratio as a percentage61.759.461.759.457.3
Liquidity Coverage Ratio (LCR)126152126152123
Lending growth as a percentage-
Deposit growth as a percentage6.
Capital adequacy ratio 1) 2)18.517.418.517.418.1
Core capital as a percentage 1) 2)17.015.817.015.816.6
Core tier 1 capital as a percentage 1) 2)14.513.514.513.514.1
Leverage Ratio (LR)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK)15.4013.1025.2531.2021.6531.05
Profit per EC (Parent Bank) (NOK)20.1017.7025.7029.1018.4527.75
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.649.647.746.0
Number of ECs issued (NOK million)988.70988.70988.70988.70988.70784.11
Price at Oslo Stock Exchange (NOK)179226188216198160
Stock market value (NOK million)1 7702 2341 8592 1361 9581 255
Book value per EC (Group) (NOK)257242253242223219
Dividend per EC (NOK)11.5013.5011.5013.508.0012.00
Price/Earnings (Group, annualised)
Price/Book value (P/B) (Group) 3)0.700.930.740.890.890.73
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