Financial summary (Group)

Income statement NOKm	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest income	4,118	3,928	3,891	3,422	3,462	4,827	3,484	2,392	1,929	1,609
Interest expenses	2,502	2,451	2,499	2,105	2,137	3,477	2,345	1,369	955	732
Net interest and credit comission income	1,616	1,477	1,392	1,317	1,325	1,350	1,139	1,024	974	877
Commision and fee income	1,463	1,139	919	855	756	610	671	580	537	443
Income from investment in related companies	355	244	248	276	349	393	233	190	119	23
Return on financial investements	147	207	186	133	247	-186	99	229	157	42
Total income	3,580	3,067	2,746	2,582	2,677	2,167	2,142	2,022	1,787	1,385
Salaries, fees and other personnel costs	914	924	810	583	725	623	583	512	485	379
Other operating expenses	807	730	672	557	528	571	519	478	421	350
Total costs	1,722	1,654	1,482	1,140	1,253	1,194	1,103	990	906	729
Operating profit before losses	1,859	1,413	1,264	1,441	1,424	975	1,039	1,032	881	655
Losses on loans and guarantees	101	58	27	132	277	202	-6	-84	-38	81
Operating profit	1,758	1,355	1,236	1,309	1,147	773	1,045	1,116	919	574
Taxes	388	295	255	260	210	156	200	219	199	144
Held for sale	30	16	43	-27	-	-	-	-	-	-
Profit of the year	1,400	1,077	1,024	1,022	937	617	846	898	720	430

Dividend	277	195	190	285	201	116	324	303	278	152

As a percentage of average total assets
Net interest and credit comission income	1.44 %	1.40 %	1.30 %	1.33 %	1.48 %	1.77 %	1.67 %	1.79 %	2.01 %	2.34 %
Commision and fee income	1.31 %	1.08 %	0.86 %	0.86 %	0.84 %	0.80 %	0.99 %	1.01 %	1.11 %	1.18 %
Income from investment in related companies	0.32 %	0.23 %	0.23 %	0.28 %	0.39 %	0.52 %	0.34 %	0.33 %	0.25 %	0.06 %
Return on financial investements	0.13 %	0.20 %	0.17 %	0.13 %	0.28 %	-0.24 %	0.15 %	0.40 %	0.32 %	0.11 %
Total costs	1.54 %	1.57 %	1.39 %	1.15 %	1.40 %	1.57 %	1.62 %	1.73 %	1.87 %	1.94 %
Operating profit before losses	1.66 %	1.34 %	1.18 %	1.45 %	1.59 %	1.28 %	1.53 %	1.80 %	1.82 %	1.75 %
Losses on loans and guarantees	0.09 %	0.06 %	0.03 %	0.13 %	0.31 %	0.27 %	-0.01 %	-0.15 %	-0.08 %	0.22 %
Operating profit	1.57 %	1.28 %	1.16 %	1.32 %	1.28 %	1.02 %	1.54 %	1.95 %	1.90 %	1.53 %
Taxes	0.35 %	0.28 %	0.24 %	0.26 %	0.23 %	0.21 %	0.29 %	0.38 %	0.41 %	0.38 %
Held for sale	0.03 %	0.02 %	0.04 %	-0.03 %	-	-	-	-	-	-
Profit of the year	1.25 %	1.02 %	0.96 %	1.03 %	1.04 %	0.81 %	1.24 %	1.57 %	1.49 %	1.15 %

Balance sheet NOKm
Cash and loans to and claims on credit institutions	5,981	4,091	4,075	2,532	1,260	4,548	3,878	2,323	2,123	1,541
CDs, bonds and other interest-bearing securities	25,591	26,100	21,485	22,949	19,302	12,035	7,246	5,602	4,133	2,566
Loans before loss provisions	80,303	74,943	73,105	69,847	61,782	64,016	59,178	52,819	45,280	34,226
- Specified loan loss provisions	173	144	172	222	219	215	116	147	236	290
- Unspecified loan loss provisions	295	295	290	290	289	245	185	184	278	314
Other assets	3,952	3,224	3,251	3,177	2,704	4,540	1,502	2,765	3,304	775
Total assets	115,360	107,919	101,455	97,992	84,541	84,679	71,503	63,178	54,327	38,505

Debt to credit institutions	5,159	5,137	6,232	8,743	11,310	9,000	5,346	2,766	1,029	48
Deposits from and debt to customers	56,074	52,252	47,871	42,786	37,227	35,280	32,434	30,136	27,048	20,725
Debt created by issuance of securities	37,277	35,322	34,192	33,943	24,070	29,680	23,950	21,911	18,036	13,048
Other debt and accrued expences etc.	2,303	2,126	2,122	1,917	1,876	2,045	2,265	1,799	2,876	822
Subordinated debt	3,304	3,040	2,690	2,758	3,875	3,156	2,648	2,383	1,667	1,347
Total equity	11,242	10,042	8,348	7,846	6,183	5,518	4,860	4,183	3,671	2,515
Total liabilities and equity	115,360	107,919	101,455	97,992	84,541	84,679	71,503	63,178	54,327	38,505

Key figures
Total assets	115,360	107,919	101,455	97,992	84,541	84,679	71,503	63,178	54,327	38,505
Average total assets	111,843	105,500	98,465	91,317	86,679	75,820	67,202	56,434	47,753	36,965
Gross loans to customers	80,303	74,943	73,105	69,847	61,782	64,016	59,178	52,819	45,280	34,226
Gross loans to customers incl. SpareBank 1 Boligkreditt	112,038	104,909	95,232	87,665	77,429	71,317	61,910	52,819	45,280	34,226
Gross loans in retail market	68,515	62,587	55,034	49,619	45,157	42,679	38,872	33,808	29,032	21,491
Gross loans in corporate market	43,523	42,322	40,198	38,046	32,272	28,638	23,038	19,011	16,248	12,735
Deposits from and debt to customers	56,074	52,252	47,871	42,786	37,227	35,280	32,434	30,136	27,048	20,725
Deposits from retail market	23,865	22,279	20,860	19,052	17,898	17,566	16,070	15,408	14,080	11,256
Deposits from corporate market	32,209	29,973	27,011	23,734	19,330	17,715	16,363	13,967	12,968	9,469
Ordinary lending financed by ordinary deposits	70 %	70 %	65 %	61 %	60 %	55 %	55 %	57 %	60 %	61 %

Core capital	10,989	9,357	7,856	7,286	6,730	4,967	3,703	3,498	3,073	2,773
Primary capital	12,417	10,943	9,055	8,646	8,730	7,312	5,560	4,809	3,808	3,239
Risk weighted volume	84,591	82,446	75,337	66,688	64,400	61,538	47,775	40,473	34,873	25,562
Minimum requirements subordinated capital	6,676	6,596	6,027	5,335	5,152	4,923	3,822	3,238	2,790	2,045
Capital ratio	14.68 %	13.27 %	12.02 %	12.97 %	13.56 %	11.88 %	12.06 %	11.88 %	10.92 %	12.67 %
CET 1 ratio	11.08 %	10.01 %	8.87 %	9.27 %	7.67 %	7.13 %	7.41 %	7.52 %	7.48 %	8.79 %
Core captial ratio	12.99 %	11.35 %	10.43 %	10.93 %	10.45 %	8.07 %	8.41 %	8.64 %	8.81 %	10.85 %

Cost/income ratio	48 %	54 %	53 %	44 %	47 %	55 %	51 %	49 %	51 %	53 %
Losses on loans	0.09 %	0.06 %	0.03 %	0.16 %	0.3 %	0.2 %	0.0 %	-0.2 %	-0.1 %	0.2 %
ROE	13.3 %	11.7 %	12.8 %	14.6 %	16.2 %	11.9 %	18.9 %	23.7 %	23.3 %	20.0 %

EC price (NOK)	55.00	34.80	36.31	49.89	45.06	21.00	50.28	56.72	54.46	38.27
Growth in lending (gross)	6.08 %	10.2 %	8.6 %	13.2 %	8.6 %	15.2 %	17.2 %	16.6 %	32.3 %	5.1 %
Growth in deposits	7.3 %	9.2 %	11.9 %	14.9 %	5.5 %	8.8 %	7.6 %	11.4 %	30.5 %	4.3 %