1. Quarter

Group financial highlights and key figures

_{(Amounts in NOK million and in % of average assets)}		31.03.24	%	31.03.23	%	31.12.23	%
Net interest income	5	986	3,04 %	820	2,63 %	3 627	2,85 %
Net fee- and other operating income		335	1,03 %	309	0,99 %	1 487	1,17 %
Net income from financial investments		119	0,37 %	138	0,44 %	183	0,14 %
Total income	5	1 440	4,44 %	1 267	4,07 %	5 297	4,17 %
Total costs	5	488	1,50 %	421	1,35 %	1 908	1,50 %
Result before losses		952	2,93 %	846	2,72 %	3 389	2,67 %
Losses	5	36	0,11 %	- 57	-0,18 %	116	0,09 %
Result before tax		916	2,82 %	903	2,90 %	3 273	2,57 %
Tax		202	0,62 %	182	0,58 %	725	0,57 %
Result after tax	5	714	2,17 %	721	2,29 %	2 548	1,98 %
Interest hybrid capital	5	24		11		60
Result after tax ex. interest hybrid capital	5	690		710		2 488
‎ ‎ ‎ ‎
‎ ‎ ‎ ‎
Profitability
Return on equity capital	1, 5	17,8 %		19,1 %		16,4 %
Interest margin	2, 5	3,04 %		2,63 %		2,85 %
Cost/income	3, 5	33,9 %		33,2 %		36,0 %
Balance sheet figures and liquidity		31.03.24		31.03.23		31.12.23
Total assets		131 562		126 548		128 138
Average assets	4, 5	129 850		124 535		127 155
Gross loans	5	101 250		98 199		101 093
Gross loans incl. commition loans	5	146 788		138 780		145 742
Deposits	5	86 233		82 526		83 659
Liquidity Coverage Ratio (LCR)		150		141		150
Solidity
Common Equity Tier 1 Capital Ratio		16,6 %		17,3 %		17,1 %
Tier 1 Capital Ratio		18,3 %		18,6 %		18,9 %
Total Capital Ratio		20,9 %		20,3 %		21,4 %
Common Equity Tier 1 Capital		13 283		12 655		13 466
Tier 1 Capital		14 689		13 603		14 847
Own Funds		16 716		14 834		16 824
Total risk exposure amount		80 148		73 071		78 527
Leverage Ratio incl. result		7,5 %		7,5 %		7,9 %
NONG Key figures
NONG Quoted/market price (NOK)		95,80		88,20		103,20
Number of EC issued (mill)		100,40		100,40		100,40
Equity capital per EC (NOK)		68,58		64,71		72,47
Result per EC (NOK)		3,14		3,24		11,36
P/E (Price/Earnings per EC) NOK		7,62		6,80		9,08
P/B (Price/Book Value per EC) NOK		1,40		1,36		1,42
Branches and full-time employees
Branches		15		15		15
Manyears		960		875		956

^{1 The profit after tax in relation to average equity, calculated as a quarterly average of equity and at 01.01. " The Bank's hybrid 1 capital issued are classified as equity in the financial statements. However, when calculating the return on equity, hybrid tier 1 capital are decucted from equity, and result after tax are adjusted for interests on hybrid tier 1 capital."
2 Net total interests as a percentage of average total assets.
3 Total costs as a percentage of total net income.
4 Average assets are calculated as average assets each quarter and at 01.01.
5 Defined as alternative performance measures, see attachment to the Quarterly report}