4. Quarter 2024

Group financial highlights and key figures

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Result
_{(Amounts in NOK million and in % of average assets)}		31.12.24	%	31.12.23	%	31.12.23	%
Net interest income	5	4 028	3,03 %	3 627	2,85 %	3 627	2,85 %
Net fee- and other operating income		1 541	1,16 %	1 404	1,10 %	1 404	1,10 %
Net income from financial investments		1 056	0,80 %	183	0,14 %	183	0,14 %
Total income	5	6 625	4,99 %	5 214	4,10 %	5 214	4,10 %
Total costs	5	2 003	1,51 %	1 825	1,44 %	1 825	1,44 %
Result before losses		4 622	3,48 %	3 389	2,67 %	3 389	2,67 %
Losses	5	110	0,08 %	116	0,09 %	116	0,09 %
Result before tax		4 512	3,40 %	3 273	2,57 %	3 273	2,57 %
Tax		849	0,64 %	725	0,57 %	725	0,57 %
Result after tax	5	3 663	2,74 %	2 548	1,98 %	2 548	1,98 %
Interest hybrid capital	5	100		60		60
Result after tax ex. interest hybrid capital	5	3 563		2 488		2 488
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Profitability
Return on equity capital	1, 5	21,8 %		16,4 %		16,4 %
Interest margin	2, 5	3,03 %		2,85 %		2,85 %
Cost/income	3, 5	30,2 %		35,0 %		35,0 %
Balance sheet figures and liquidity		31.12.24		31.12.23		31.12.23
Total assets		135 673		128 138		128 138
Average assets	4, 5	132 721		127 155		127 155
Gross loans	5	105 048		101 093		101 093
Gross loans incl. commition loans	5	152 965		145 742		145 742
Deposits	5	88 379		83 659		83 659
Liquidity Coverage Ratio (LCR)		147		150		150
Solidity
Common Equity Tier 1 Capital Ratio excl. sesult		16,8 %		17,1 %		17,1 %
Common Equity Tier 1 Capital incl. result		16,8 %		17,1 %		17,1 %
Tier 1 Capital Ratio - incl. result		18,8 %		18,9 %		18,9 %
Total Capital Ratio incl. result		21,3 %		21,4 %		21,4 %
Common Equity Tier 1 Capital incl. result		14 054		13 466		13 466
Tier 1 Capital		15 728		14 847		14 847
Own Funds		17 829		16 824		16 824
Total risk exposure amount		83 678		78 527		78 527
Leverage Ratio excl. result		7,8 %		7,9 %		7,9 %
Leverage Ratio incl. result		7,8 %		7,9 %		7,9 %
NONG Key figures
NONG Quoted/market price (NOK)		123,48		103,20		103,20
Number of EC issued (mill)		100,40		100,40		100,40
Equity capital per EC (NOK)		81,33		72,47		72,47
Result per EC (NOK)		16,30		11,36		11,36
P/E (Price/Earnings per EC) NOK		7,58		9,08		9,08
P/B (Price/Book Value per EC) NOK		1,52		1,42		1,42
Branches and full-time employees
Branches		15		15		15
Group manyears		986		956		956
Parent bank manyears		541		521		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}