Financial hightlights - Group

Income statement          
 Q2 2017Q2 201630.06.201730.06.20162016
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income2681.712681.795291.695381.801 0821.79
Net commission and other operating income500.32460.30920.30880.291820.30
Net return from financial investments130.08600.40370.12740.25990.16
Total income3312.113742.496582.117002.341 3632.25
Total operating costs1510.961470.983010.962950.985860.97
Profit before impairment on loans1801.152271.513571.154051.367771.28
Impairment on loans, guarantees etc.60.03-3-0.0280.03-5-0.02220.04
Pre tax profit1741.122301.533491.124101.387551.24
Profit after tax1300.841811.202610.853151.065740.94
Statement of financial position     
NOK million30.06.2017% change YTD 201731.12.2016% change during last 12 months30.06.2016
Total assets65 6526.661 5936.461 712
Average assets62 4463.260 5254.359 900
Loans to and receivables from customers56 0406.452 6919.551 192
Gross loans to retail customers38 6344.037 1338.035 787
Gross loans to corporate and public entities17 52411.415 73413.315 467
Deposits from customers33 5142.932 5626.131 595
Deposits from retail customers20 0787.518 6756.918 783
Deposits from corporate and public entities13 332-3.913 8774.912 706
Key figures     
 Q2 2017Q2 201630.06.201730.06.20162016
Return on equity (annualised)10.014.710.012.911.6
Costs as a percentage of income45.639.245.742.143.0
Losses as a percentage of loans 1.1/start of the period0.04-0.020.03-0.020.04
Problem loans as a percentage of loans (prior to impairment)0.640.390.640.391.16
Problem loans as a percentage of loans (after impairment)0.460.250.460.251.01
Deposits to lending ratio as a percentage59.861.759.861.761.8
Liquidity Coverage Ratio (LCR)13212613212691
Lending growth as a percentage3.8-
Deposit growth as a percentage2.
Capital adequacy ratio 1) 2)18.918.518.918.518.6
Core capital as a percentage 1) 2)16.917.016.917.017.0
Core Tier 1 capital as a percentage 1) 2)14.314.514.314.514.6
Leverage Ratio (LR)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK)13.1015.8028.8025.2531.2021.65
Profit per EC (Parent Bank) (NOK)17.6020.6029.8525.7029.1018.45
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)244179254188216198
Stock market value (NOK million)2 4121 7702 5111 8592 1361 958
Book value per EC (Group) (NOK)270257271253242223
Dividend per EC (NOK)14.0011.5014.0011.5013.508.00
Price/Earnings (Group, annualised)
Price/Book value (P/B) (Group) 3)0.900.700.940.740.890.89
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