Note 42 - ECC capital and ownership structure
ECC capital
The Bank's ECC capital totals NOK 2,596,728,860 distributed on 129,836,443 equity capital certificates (ECCs), each with a face value of NOK 20. As at 31 December 2017 there was 8,788 ECC holders (8,498 as at 31 December 2016).
ECC capital has been raised by the following means:
| Year | Change | Change in ECC capital (NOK) | Total ECC capital (NOK) | No. of ECCs | |
| 1991 | Placing | 525,000,000 | 525,000,000 | 5,250,000 | |
| 1992 | Placing | 75,000,000 | 600,000,000 | 6,000,000 | |
| 2000 | Employee placing | 5,309,900 | 605,309,900 | 6,053,099 | |
| 2001 | Employee placing | 4,633,300 | 609,943,200 | 6,099,432 | |
| 2002 | Employee placing | 4,862,800 | 614,806,000 | 6,148,060 | |
| 2004 | Bonus Issue | 153,701,500 | 768,507,500 | 7,685,075 | |
| 2005 | Placing | 217,424,200 | 985,931,700 | 9,859,317 | |
| 2005 | Employee placing | 23,850,000 | 1,009,781,700 | 10,097,817 | |
| 2005 | Split | - | 1,009,781,700 | 40,391,268 | |
| 2005 | Rights issue | 252,445,425 | 1,262,227,125 | 50,489,085 | |
| 2007 | Dividend issue | 81,752,950 | 1,343,980,075 | 53,752,203 | |
| 2007 | Employee placing | 5,420,000 | 1,349,400,075 | 53,976,003 | |
| 2008 | Dividend issue | 90,693,625 | 1,440,093,700 | 57,603,748 | |
| 2008 | Employee placing | 6,451,450 | 1,446,545,150 | 57,861,806 | |
| 2009 | Bonus issue | 289,309,025 | 1,735,854,175 | 69,434,167 | |
| 2010 | Employee placing | 12,695,300 | 1,748,549,475 | 69,941,979 | |
| 2010 | Rights issue | 624,082,675 | 2,372,632,150 | 94,905,286 | |
| 2011 | Rights issue | 625,000 | 2,373,257,150 | 94,930,286 | |
| 2012 | Reduction in nominal value | -474,651,430 | 1,898,605,720 | 94,930,286 | |
| 2012 | Rights issue | 569,543,400 | 2,468,149,120 | 123,407,456 | |
| 2012 | Employee placing | 16,220,200 | 2,484,369,320 | 124,218,466 | |
| 2012 | Placing | 112,359,540 | 2,596,728,860 | 129,836,443 | |
| 20 largest ECC holders at 31 Dec 2017 | No. of ECCs | Holding | |
| VPF Nordea Norge Verdi | 6.572.299 | 5,06 % | |
| State Street Bank and Trust CO (nominee) | 4.013.854 | 3,09 % | |
| Sparebankstiftelsen SMN | 3.965.391 | 3,05 % | |
| VPF Odin Norge | 3.726.686 | 2,87 % | |
| VPF Danske Invest Norske Aksjer Inst. II | 3.334.265 | 2,57 % | |
| Verdipapirfondet DNB Norge (IV) | 2.961.197 | 2,28 % | |
| JP Morgan Chase Bank (nominee) | 2.669.005 | 2,06 % | |
| VPF Pareto Aksje Norge | 2.356.459 | 1,81 % | |
| State Street Bank and Trust CO (nominee) | 2.203.038 | 1,70 % | |
| Morgan Stanley And Co Intl plc | 2.098.751 | 1,62 % | |
| VPF Alfred Berg Gambak | 1.924.604 | 1,48 % | |
| Pareto AS | 1.821.202 | 1,40 % | |
| VPF Danske Invest Norske Aksjer Inst. I | 1.772.092 | 1,36 % | |
| Forsvarets Personellservice | 1.717.046 | 1,32 % | |
| JP Morgan Chase Bank (nominee) | 1.714.638 | 1,32 % | |
| MP Pensjon PK | 1.568.771 | 1,21 % | |
| VPF Nordea Kapital | 1.423.991 | 1,10 % | |
| VPF Nordea Avkastning | 1.289.111 | 0,99 % | |
| VPF Storebrand Norge I | 1.208.665 | 0,93 % | |
| JP Morgan Chase Bank (nominee) | 1.163.440 | 0,90 % | |
| The 20 largest ECC holders in total | 49.504.505 | 38,13 % | |
| Others | 80.331.938 | 61,87 % | |
| Total issued ECCs | 129.836.443 | 100,00 % |
Financial results
Annual report and notes
