Financial highlights - Group

Income statement        
(Amounts in percentage of average assets)
 Q2 2021Q2 202030.06.202130.06.20202020
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income3071.532661.356121.536081.571 2281.57
Net commission and other operating income540.27510.371050.261040.272110.27
Net result from financial instruments120.06730.26460.12320.08740.09
Total income3731.863901.987631.917441.921 5131.93
Total operating costs1600.801570.803180.803240.846300.80
Profit before impairment on loans2131.062331.184451.114201.088831.13
Impairment on loans, guarantees etc.280.14420.21420.11780.201490.19
Pre-tax profit1850.921910.974031.003420.887340.94
Profit after tax1430.711500.763130.772670.695670.73
Statement of financial position
(NOK million)30.06.2021Change as of 30.06.2021 (%)31.12.2020Change over the last 12 months (%)30.06.2020
Total assets 4)82 8304.279 4862.081 239
Average assets 4)79 8641.878 4503.077 570
Loans to and receivables from customers69 1323.466 8506.265 094
Gross loans to retail customers46 9192.945 5924.844 765
Gross loans to corporate and public entities22 5264.621 5349.220 633
Deposits from customers41 4846.339 0236.239 055
Deposits from retail customers24 9056.623 3665.223 675
Deposits from corporate and public entities16 5795.915 6577.815 380
Key figures and alternative performance measures (APMs)
 Q2 2021Q2 202030.06.202130.06.20202020
Return on equity (annualised) 3) 4)
Cost/income ratio 4)42.940.341.743.541.6
Losses as a percentage of loans (annualised) 4)
Gross credit-impaired commitments as a percentage of loans/guarantee liabilities1.591.851.591.851.53
Net credit-impaired commitments as a percentage of loans/guarantee liabilities1.251.411.251.411.22
Deposit-to-loan ratio 4)59.759.759.759.758.1
Liquidity Coverage Ratio (LCR)128170128170138
Lending growth as a percentage 4)2.1-
Deposit growth as a percentage 4)
Capital adequacy ratio 1)20.621.220.621.220.8
Tier 1 capital ratio 1)18.619.118.619.118.7
Common Equity Tier 1 capital ratio (CET1) 1)16.917.316.917.317.0
Leverage Ratio (LR) 1)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK) 2)15.1112.6227.1034.5029.6027.70
Profit per EC (Parent Bank) (NOK) 2)20.9219.2326.8332.0028.3527.00
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.649.649.649.6
EC capital (NOK million)988.70988.70988.70988.70988.70988.70
Price at Oslo Stock Exchange (NOK)368296296317283262
Stock market value (NOK million)3 6382 9272 9273 1342 7982 590
Book value per EC (Group, incl. proposed dividends) (NOK) 4)342319332320303289
Dividend per EC (NOK)4.5014.004.5014.0015.5014.00
Price/Earnings (Group, annualised)12.211.710.
Price/Book value (P/B) (Group) 2) 4)1.080.930.890.990.930.91
1) Incl. 50 % of the profit after tax      
2) Calculated using the EC-holders' share (49.6 %) of the period's profit to be allocated to equity owners.
3) Calculated using the share of the profit to be allocated to equity owners.
4) Defined as alternative performance measure (APM), see attachment to the quarterly report.