Profit performance - Group

QUARTERLY PROFIT
(NOK million)	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019
Net interest income	314	306	266	342	339
Other operating income	72	77	124	12	75
Total operating costs	157	149	157	167	168
Profit before impairment on loans	229	234	233	187	246
Impairment on loans, guarantees etc.	35	36	42	36	15
Pre-tax profit	194	198	191	151	231
Tax	47	45	41	34	41
Profit after tax	147	153	150	117	190

As a percentage of average assets
Net interest income	1.58	1.54	1.35	1.80	1.79
Other operating income	0.36	0.39	0.63	0.06	0.40
Total operating costs	0.79	0.75	0.80	0.88	0.89
Profit before impairment on loans	1.15	1.18	1.18	0.98	1.30
Impairment on loans, guarantees etc.	0.18	0.18	0.21	0.19	0.08
Pre-tax profit	0.97	1.00	0.97	0.79	1.22
Tax	0.24	0.22	0.21	0.18	0.21
Profit after tax	0.73	0.78	0.76	0.61	1.01