Financial reports

(Amounts in NOK 1 000 000)
  • 2017
  • 2016 Key figures
    RESULTS 2016 2015
    Net interest income 2,087 1,642
    Core earnings* 1,400 1,043
    Profit before tax 919 2,583
    Profit for the year 689 1,870
     
    Return on equity after tax** 6.27% 20.84%
    Return on equity after tax (core earnings)** 12.74% 11.70%
    Return on assets after tax** 0.16% 0.42%
    Return on assets after tax (core earnings)** 0.33% 0.23%
     
    Lending
    New disbursements 48,117 46,757
    Loans outstanding*** 266,558 254,421
     
    LIQUIDITY PORTFOLIO*** 116,413 146,611
     
    BORROWINGS
    New long-term borrowings 82,751 68,644
    Repurchase of own debt 1,159 2,979
    Redemptions 93,926 110,604
    Total borrowings* 376,785 400,894
     
    TOTAL ASSETS 418,327 449,361
     
    Equity
    Equity 12,452 12,202
    Core capital adequacy ratio 18.39% 16.53%
    Total capital adequacy ratio 21.45% 18.81%
  • 2015 Key figures
    RESULTS 2015 2014
    Net interest income 1,642 1,515
    Core earnings* 1,043 1,026
    Profit before tax 2,583 673
    Profit for the year 1,870 491
     
    Return on equity after tax** 20.84% 6.13%
    Return on equity after tax (core earnings)** 11.70% 12.82%
    Return on assets after tax** 0.42% 0.12%
    Return on assets after tax (core earnings)** 0.23% 0.26%
     
    Lending
    New disbursements 46,757 42,680
    Loans outstanding*** 254,421 247,116
     
    LIQUIDITY PORTFOLIO*** 146,611 155,305
     
    BORROWINGS
    New long-term borrowings 68,644 116,739
    Repurchase of own debt 2,979 1,753
    Redemptions 110,604 108,080
    Total borrowings* 400,894 391,285
     
    TOTAL ASSETS 449,361 455,466
     
    Equity
    Equity 12,202 8,336
    Core capital adequacy ratio 16.53% 12.26%
    Total capital adequacy ratio 18.81% 14.53%
  • 2014 Key figures
    RESULTS 2014 2013
    Net interest income 1,515 1,634
    Core earnings* 1,026 1,131
    Profit before tax 673 1,496
    Profit for the year 491 1,083
     
    Return on equity after tax** 6.13% 14.94%
    Return on equity after tax (core earnings)** 12.82% 15.61%
    Return on assets after tax** 0.12% 0.30%
    Return on assets after tax (core earnings)** 0.26% 0.31%
     
    Lending
    New disbursements 42,680 43,717
    Loans outstanding*** 247,116 240,863
     
    LIQUIDITY PORTFOLIO*** 155,305 102,358
     
    BORROWINGS
    New long-term borrowings 116,739 162,539
    Repurchase of own debt 1,753 4,910
    Redemptions 108,080 148,390
    Total borrowings* 391,285 326,470
     
    TOTAL ASSETS 455,466 361,918
     
    Equity
    Equity 8,336 8,216
    Core capital adequacy ratio 12.26% 12.39%
    Total capital adequacy ratio 14.53% 14.91%
  • 2013 Key figures
    RESULTS 2013 2012
    Net interest income 1,634 2,032
    Core earnings* 1,131 1,393
    Profit before tax 1,496 2,604
    Profit for the year 1,083 1,876
     
    Return on equity after tax** 14.94% 37.10%
    Return on equity after tax (core earnings)** 15.61% 27.55%
    Return on assets after tax** 0.30% 0.51%
    Return on assets after tax (core earnings)** 0.31% 0.38%
     
    Lending
    New disbursements 43,717 30,677
    Loans outstanding*** 240,863 219,255
     
    LIQUIDITY PORTFOLIO*** 102,358 98,938
     
    BORROWINGS
    New long-term borrowings 162,539 98,192
    Repurchase of own debt 4,910 2,344
    Redemptions 148,390 85,848
    Total borrowings* 326,470 312,867
     
    TOTAL ASSETS 361,918 348,953
     
    Equity
    Equity 8,216 7,395
    Core capital adequacy ratio 12.39% 12.27%
    Total capital adequacy ratio 14.91% 14.97%
  • 2012 Key figures
    RESULTS 2012 2011
    Net interest income 2,032 1,582
    Core earnings* 1,393 1,138
    Profit before tax 2,604 1,001
    Profit for the year 1,876 724
     
    Return on equity after tax** 37.10% 18.33%
    Return on equity after tax (core earnings)** 27.55% 28.80%
    Return on assets after tax** 0.51% 0.22%
    Return on assets after tax (core earnings)** 0.38% 0.34%
     
    Lending
    New disbursements 30,677 46,921
    Loans outstanding*** 219,255 207,572
     
    LIQUIDITY PORTFOLIO*** 98,938 103,263
     
    BORROWINGS
    New long-term borrowings 98,192 142,341
    Repurchase of own debt 2,344 3,416
    Redemptions 85,848 104,162
    Total borrowings* 312,867 338,615
     
    TOTAL ASSETS 348,953 366,901
     
    Equity
    Equity 7,395 4,594
    Core capital adequacy ratio 12.27% 9.79%
    Total capital adequacy ratio 14.97% 13.22%
  • 2011 Key figures
    RESULTS 2011 2010
    Net interest income 1,582 1,197
    Core earnings* 1,138 808
    Profit before tax 1,001 1,034
    Profit for the year 724 741
     
    Return on equity after tax** 18.33% 21.62%
    Return on equity after tax (core earnings)** 28.80% 23.59%
    Return on assets after tax** 0.22% 0.26%
    Return on assets after tax (core earnings)** 0.34% 0.29%
     
    Lending
    New disbursements 46,921 49,933
    Loans outstanding*** 207,572 183,841
     
    LIQUIDITY PORTFOLIO*** 103,263 86,278
     
    BORROWINGS
    New long-term borrowings 142,341 138,231
    Repurchase of own debt 3,416 2,032
    Redemptions 104,162 89,840
    Total borrowings* 338,615 290,231
     
    TOTAL ASSETS 366,901 315,491
     
    Equity
    Equity 4,594 4,034
    Core capital adequacy ratio 9.79% 9.15%
    Total capital adequacy ratio 13.22% 9.86%
  • 2010 Key figures
    RESULTS 2010
    Net interest income 1,197
    Core earnings* 808
    Profit before tax 1,034
    Profit for the year 741
     
    Return on equity after tax** 21.62%
    Return on equity after tax (core earnings)** 23.59%
    Return on assets after tax** 0.26%
    Return on assets after tax (core earnings)** 0.29%
     
    Lending
    New disbursements 49,933
    Loans outstanding*** 183,841
     
    LIQUIDITY PORTFOLIO*** 86,278
     
    BORROWINGS
    New long-term borrowings 138,231
    Repurchase of own debt 2,032
    Redemptions 89,840
    Total borrowings* 290,231
     
    TOTAL ASSETS 315,491
     
    Equity
    Equity 4,034
    Core capital adequacy ratio 9.15%
    Total capital adequacy ratio 9.86%
*
Profit after tax adjusted for unrealised gains/losses on financial instruments
**
Annualised return on equity and return on assets as percentage of average equity and average assets
***
Principal amounts