Financial highlights - Group

	Q4 2016		Q4 2015		2016		2015
Income statement
	NOK million	%	NOK million	%	NOK million	%	NOK million	%
Net interest income	279	1,83	285	1,91	1 082	1,79	1 098	1,89
Net commission and other operating income	45	0,30	43	0,29	182	0,30	193	0,33
Net return from financial investments	0	0,00	-3	-0,02	99	0,16	12	0,02
Total income	324	2,13	325	2,18	1 363	2,25	1 303	2,24
Total operating costs	143	0,94	124	0,83	586	0,97	561	0,96
Profit before impairment on loans	181	1,19	201	1,35	777	1,28	742	1,28
Impairment on loans, guarantees etc.	22	0,14	25	0,17	22	0,04	50	0,09
Pre tax profit	159	1,05	176	1,18	755	1,24	692	1,19
Tax	43	0,28	48	0,32	181	0,30	189	0,32
Profit after tax	116	0,77	128	0,86	574	0,94	503	0,87

NOK million	31.12.2016	% change during last 12 months	31.12.2015
Statement of financial position
Total assets	61 593	2,5	60 120
Average assets	60 525	4,2	58 113
Loans to and receivables from customers	52 691	2,7	51 286
Gross loans to retail customers	37 133	6,6	34 822
Gross loans to corporate and public entities	15 734	-4,8	16 526
Deposits from customers	32 562	10,8	29 389
Deposits from retail customers	18 675	4,7	17 829
Deposits from corporate and public entities	13 877	20,1	11 550

	Q4 2016	Q4 2015	2016	2015
Key figures
Return on equity (annualised)	9,2	10,7	11,6	10,7
Costs as a percentage of income	44,2	38,1	43,0	43,0
Losses as a percentage of loans 1.1/start of the period	0,17	0,19	0,04	0,10
Problem loans as a percentage of loans (prior to impairment)	1,16	0,47	1,16	0,47
Problem loans as a percentage of loans (after impairment)	1,01	0,32	1,01	0,32
Deposits to lending ratio as a percentage	61,8	57,3	61,8	57,3
Liquidity Coverage Ratio (LCR)	91	123	91	123
Lending growth as a percentage	1,9	-0,3	2,7	4,9
Deposit growth as a percentage	0,6	0,4	10,8	3,5
Capital adequacy ratio 1) 2)	18,6	18,1	18,6	18,1
Core capital as a percentage 1) 2)	17,0	16,6	17,0	16,6
Core tier 1 capital as a percentage 1) 2)	14,7	14,1	14,7	14,1
Leverage Ratio (LR)	8,5	8,0	8,5	8,0
Man-years	378	388	378	388

	2016	2015	2014	2013	2012
Equity Certificates (ECs)
Profit per EC (Group) (NOK)	28,80	25,25	31,20	21,65	31,05
Profit per EC (Parent Bank) (NOK)	29,85	25,70	29,10	18,45	27,75
EC fraction 1.1 as a percentage (Parent Bank)	49,6	49,6	49,6	47,7	46,0
Number of ECs issued (NOK million)	988,70	988,70	988,70	988,70	784,11
Price at Oslo Stock Exchange (NOK)	254	188	216	198	160
Stock market value (NOK million)	2 511	1 859	2 136	1 958	1 255
Book value per EC (Group) (NOK)	271	253	242	223	219
Dividend per EC (NOK)	14,00	11,50	13,50	8,00	12,00
Price/Earnings (Group, annualised)	8,8	7,3	7,4	10,7	5,8
Price/Book value (P/B) (Group) 3)	0,94	0,74	0,89	0,89	0,73
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. proposed allocations