Financial highlights - Group

Income statement        
 Q4 2015Q4 201420152014
 NOK million%NOK million%NOK million%NOK million%
Net interest income2791.872822.031 0981.891 0932.01
Net commission and other operating income430.27480.341930.331800.33
Net return from financial investments-3-0.02-7-0.05120.021350.25
Total income3192.123232.321 3032.241 4082.59
Total operating costs1240.821360.985610.965641.04
Profit before impairment on loans1951.301871.347421.288441.55
Impairment on loans, guarantees etc.250.1770.05500.09220.04
Pre tax profit1701.131801.296921.198221.51
Profit after tax1220.821270.915030.876231.15
Statement of financial position   
NOK million31.12.2015% change during last 12 months31.12.2014
Total assets60 1206.856 305
Average assets58 1136.754 455
Loans to and receivables from customers51 2864.948 884
Deposits from customers29 3893.528 389
Key figures    
 Q4 2015Q4 201420152014
Return on equity (annualised)10.311.010.714.0
Costs as a percentage of income38.842.343.040.1
Core capital as a percentage 1) 2)16.414.416.414.4
Core tier 1 capital as a percentage 1) 2)
Losses as a percentage of loans 1.1/start of the period0.
Problem loans as a percentage of loans (prior to impairment)0.470.800.470.80
Problem loans as a percentage of loans (after impairment)0.320.510.320.51
Deposits to lending ratio as a percentage57.358.157.358.1
Equity Certificates:    
Profit per EC (Group) (NOK)6.206.4025.2531.20
Profit per EC (Parent Bank) (NOK)5.204.0025.7029.10
EC fraction 1.1 as a percentage (Parent Bank)49.649.649.649.6
Price at Oslo Stock Exchange (NOK)188.00216.00188.00216
Price/Book value (P/B) (Group)0.740.890.740.89
1) Sparebanken Møre's capital requirements have been based on IRB-Foundation for corporate commitments from 30th June 2014 and IRB-Retail for retail commitments from 31st March 2015.
2) Incl. proposed allocations