Group financial highlights and key figures
| Result | |||||||
|---|---|---|---|---|---|---|---|
| (Amounts in NOK million and in % of average assets) | 30.09.24 | % | 30.09.23 | % | 31.12.23 | % | |
| Net interest income | 5 | 3 001 | 3,03 % | 2 630 | 2,76 % | 3 627 | 2,85 % |
| Net fee- and other operating income | 1 023 | 1,03 % | 887 | 0,93 % | 1 404 | 1,10 % | |
| Net income from financial investments | 910 | 0,92 % | 100 | 0,11 % | 183 | 0,14 % | |
| Total income | 5 | 4 934 | 4,98 % | 3 617 | 3,80 % | 5 214 | 4,10 % |
| Total costs | 5 | 1 407 | 1,42 % | 1 247 | 1,31 % | 1 825 | 1,44 % |
| Result before losses | 3 527 | 3,56 % | 2 370 | 2,49 % | 3 389 | 2,67 % | |
| Losses | 5 | 86 | 0,09 % | 25 | 0,03 % | 116 | 0,09 % |
| Result before tax | 3 441 | 3,48 % | 2 345 | 2,46 % | 3 273 | 2,57 % | |
| Tax | 630 | 0,64 % | 553 | 0,58 % | 725 | 0,57 % | |
| Result after tax | 5 | 2 811 | 2,81 % | 1 792 | 1,86 % | 2 548 | 1,98 % |
| Interest hybrid capital | 5 | 73 | 39 | 60 | |||
| Result after tax ex. interest hybrid capital | 5 | 2 738 | 1 753 | 2 488 | |||
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| Profitability | |||||||
| Return on equity capital | 1, 5 | 22,9 % | 15,6 % | 16,4 % | |||
| Interest margin | 2, 5 | 3,03 % | 2,76 % | 2,85 % | |||
| Cost/income | 3, 5 | 28,5 % | 34,5 % | 35,0 % | |||
| Balance sheet figures and liquidity | 30.09.24 | 30.09.23 | 31.12.23 | ||||
| Total assets | 135 207 | 128 728 | 128 138 | ||||
| Average assets | 4, 5 | 131 984 | 126 909 | 127 155 | |||
| Gross loans | 5 | 105 385 | 99 808 | 101 093 | |||
| Gross loans incl. commition loans | 5 | 151 014 | 143 085 | 145 742 | |||
| Deposits | 5 | 87 496 | 77 396 | 83 659 | |||
| Liquidity Coverage Ratio (LCR) | 146 | 135 | 150 | ||||
| Solidity | |||||||
| Common Equity Tier 1 Capital Ratio excl. sesult | 14,9 % | 16,4 % | 17,1 % | ||||
| Common Equity Tier 1 Capital incl. result | 15,7 % | 17,6 % | 17,1 % | ||||
| Tier 1 Capital Ratio - incl. result | 17,4 % | 18,9 % | 18,9 % | ||||
| Total Capital Ratio incl. result | 19,9 % | 20,9 % | 21,4 % | ||||
| Common Equity Tier 1 Capital incl. result | 13 000 | 13 335 | 13 466 | ||||
| Tier 1 Capital | 14 405 | 14 328 | 14 847 | ||||
| Own Funds | 16 525 | 15 870 | 16 824 | ||||
| Total risk exposure amount | 82 970 | 75 942 | 78 527 | ||||
| Leverage Ratio excl. result | 6,9 % | 7,2 % | 7,9 % | ||||
| Leverage Ratio incl. result | 7,2 % | 7,7 % | 7,9 % | ||||
| NONG Key figures | |||||||
| NONG Quoted/market price (NOK) | 108,26 | 95,70 | 103,20 | ||||
| Number of EC issued (mill) | 100,40 | 100,40 | 100,40 | ||||
| Equity capital per EC (NOK) | 77,70 | 69,38 | 72,47 | ||||
| Result per EC (NOK) | 12,51 | 7,99 | 11,36 | ||||
| P/E (Price/Earnings per EC) NOK | 6,49 | 8,98 | 9,08 | ||||
| P/B (Price/Book Value per EC) NOK | 1,39 | 1,38 | 1,42 | ||||
| Branches and full-time employees | |||||||
| Branches | 15 | 15 | 15 | ||||
| Group manyears | 978 | 960 | 956 | ||||
| Parent bank manyears | 537 | 530 | 521 | ||||
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