Financial highlights - Group

Income statement        
 Q4 2016Q4 201520162015
 NOK million%NOK million%NOK million%NOK million%
Net interest income2791,832851,911 0821,791 0981,89
Net commission and other operating income450,30430,291820,301930,33
Net return from financial investments00,00-3-0,02990,16120,02
Total income3242,133252,181 3632,251 3032,24
Total operating costs1430,941240,835860,975610,96
Profit before impairment on loans1811,192011,357771,287421,28
Impairment on loans, guarantees etc.220,14250,17220,04500,09
Pre tax profit1591,051761,187551,246921,19
Profit after tax1160,771280,865740,945030,87
Statement of financial position   
NOK million31.12.2016% change during last 12 months31.12.2015
Total assets61 5932,560 120
Average assets60 5254,258 113
Loans to and receivables from customers52 6912,751 286
Gross loans to retail customers37 1336,634 822
Gross loans to corporate and public entities15 734-4,816 526
Deposits from customers32 56210,829 389
Deposits from retail customers18 6754,717 829
Deposits from corporate and public entities13 87720,111 550
Key figures    
 Q4 2016Q4 201520162015
Return on equity (annualised)9,210,711,610,7
Costs as a percentage of income44,238,143,043,0
Losses as a percentage of loans 1.1/start of the period0,170,190,040,10
Problem loans as a percentage of loans (prior to impairment)1,160,471,160,47
Problem loans as a percentage of loans (after impairment)1,010,321,010,32
Deposits to lending ratio as a percentage61,857,361,857,3
Liquidity Coverage Ratio (LCR)9112391123
Lending growth as a percentage1,9-0,32,74,9
Deposit growth as a percentage0,60,410,83,5
Capital adequacy ratio 1) 2)18,618,118,618,1
Core capital as a percentage 1) 2)17,016,617,016,6
Core tier 1 capital as a percentage 1) 2)14,714,114,714,1
Leverage Ratio (LR)8,58,08,58,0
Equity Certificates (ECs)     
Profit per EC (Group) (NOK)28,8025,2531,2021,6531,05
Profit per EC (Parent Bank) (NOK)29,8525,7029,1018,4527,75
EC fraction 1.1 as a percentage (Parent Bank)49,649,649,647,746,0
Number of ECs issued (NOK million)988,70988,70988,70988,70784,11
Price at Oslo Stock Exchange (NOK)254188216198160
Stock market value (NOK million)2 5111 8592 1361 9581 255
Book value per EC (Group) (NOK)271253242223219
Dividend per EC (NOK)14,0011,5013,508,0012,00
Price/Earnings (Group, annualised)8,87,37,410,75,8
Price/Book value (P/B) (Group) 3)0,940,740,890,890,73
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