Financial highlights - Group

Income statement          
 Q3 2018Q3 201730.09.201830.09.20172017
 NOK million%NOK million%NOK million%NOK million%NOK million%
Net interest income2901.632811.728701.688101.701 1001.72
Net commission and other operating income560.33510.321550.301430.301940.30
Net return from financial investments50.0240.02370.07410.09480.08
Total income3511.983362.061 0622.059942.091 3422.10
Total operating costs1520.861450.894510.874460.945900.92
Profit before impairment on loans1991.121911.176111.185481.157521.18
Impairment on loans, guarantees etc.70.0460.0440.01140.03130.02
Pre-tax profit1921.081851.136071.175341.127391.16
Profit after tax1490.841390.854640.904000.845570.88
Statement of financial position     
(NOK million)30.09.2018% change YTD 201831.12.2017% change during last 12 months30.09.2017
Total assets69 8765.166 4915.666 189
Average assets69 0377.964 0009.063 354
Loans to and receivables from customers59 6204.856 8675.556 488
Gross loans to retail customers41 2423.639 8175.139 245
Gross loans to corporate and public entities18 5858.317 1687.017 370
Deposits from customers34 6845.732 8034.833 082
Deposits from retail customers20 7165.219 6885.219 696
Deposits from corporate and public entities13 9686.613 1015.613 230
Key figures     
 Q3 2018Q3 201730.09.201830.09.20172017
Return on equity (annualised) 4)10.310.510.910.210.4
Cost income ratio43.444.242.544.944.0
Losses as a percentage of loans (annualised)
Problem loans as a percentage of loans (prior to impairment)0.570.610.570.610.57
Problem loans as a percentage of loans (after impairment)0.420.450.420.450.40
Deposit-to-loan ratio58.258.658.258.657.7
Liquidity Coverage Ratio (LCR)122112122112159
Lending growth as a percentage5.
Deposit growth as a percentage5.2-
Capital adequacy ratio 1) 2)19.419.119.419.118.4
Tier 1 capital ratio 1) 2)17.417.117.417.116.8
Common Equity Tier 1 capital ratio (CET1) 1) 2)15.814.515.814.515.0
Leverage Ratio (LR) 2)
Equity Certificates (ECs)      
Profit per EC (Group) (NOK) 3)22.8520.1027.7028.8025.2531.20
Profit per EC (Parent Bank) (NOK) 3)23.3022.3027.0029.8525.7029.10
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)288260262254188216
Stock market value (NOK million)2 8472 5712 5902 5111 8592 136
Book value per EC (Group) (NOK)296274289275257244
Dividend per EC (NOK)14.0014.0014.0014.0011.5013.50
Price/Earnings (Group, annualised)
Price/Book value (P/B) (Group) 3)0.970.940.910.930.730.89
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) 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 equity owners.