Note 42 - ECC capital and ownership structure
The Bank's ECC capital totals NOK 2,596,729 distributed on 129 836 443 equiry capital certificates (ECCs), each with a face value of NOK 20. As at 31 December 2013 there was 8 741 ECC holders (9 443 as at 31 December 2012). ECC capital has been raised by the following means:
| Year | Change | Change in ECC capital (NOK million) | Total ECC capital | No. of ECCs | |
| 1991 | Placing | 525 | 525 | 5,250,000 | |
| 1992 | Placing | 75 | 600 | 6,000,000 | |
| 2000 | Employee placing | 5 | 605 | 6,053,099 | |
| 2001 | Employee placing | 5 | 610 | 6,099,432 | |
| 2002 | Employee placing | 5 | 614 | 6,148,060 | |
| 2004 | Bonus Issue | 154 | 768 | 7,685,075 | |
| 2005 | Placing | 217 | 986 | 9,859,317 | |
| 2005 | Employee placing | 24 | 1,009 | 10,097,817 | |
| 2005 | Split | - | 1,009 | 40,391,268 | |
| 2005 | Rights issue | 253 | 1,262 | 50,489,085 | |
| 2007 | Dividend issue | 82 | 1,344 | 53,752,203 | |
| 2007 | Employee placing | 5 | 1,349 | 53,976,003 | |
| 2008 | Dividend issue | 91 | 1,440 | 57,603,748 | |
| 2008 | Employee placing | 6 | 1,447 | 57,861,806 | |
| 2009 | Bonus issue | 289 | 1,736 | 69,434,167 | |
| 2010 | Employee placing | 13 | 1,749 | 69,941,979 | |
| 2010 | Rights issue | 624 | 2,373 | 94,905,286 | |
| 2011 | Rights issue | 1 | 2,373 | 94,930,286 | |
| 2012 | Reduction in nominal value | -475 | 1,898 | 94,930,286 | |
| 2012 | Rights issue | 570 | 2,468 | 123,407,456 | |
| 2012 | Employee placing | 16 | 2,484 | 124,218,466 | |
| 2012 | Placing | 112 | 2,596 | 129,836,443 | |
| Parent Bank | ||
| (NOK million) | 2013 | 2012 |
| ECC capital | 2,597 | 2,597 |
| Dividend equalisation reserve | 2,496 | 1,889 |
| Premium reserve | 895 | 895 |
| Unrealised gains reserve | 126 | 69 |
| A. The equity capital certificate owners' capital | 6,114 | 5,449 |
| Ownerless capital | 3,276 | 2,944 |
| Unrealised gains reserve | 69 | 38 |
| B. The saving bank reserve | 3,345 | 2,982 |
| Other equity | 124 | 30 |
| Dividend declared | 227 | 195 |
| Equity ex. profit | 9,811 | 8,656 |
| Equity capital certificate ratio A/(A+B) | 64.64 % | 64.64 % |
| Average of ratio | 64.64 % | 63.33 % |
| 20 largest ECC holders | No. of ECCs | Holding |
| Odin Norge | 4,168,311 | 3.21 % |
| Sparebankstiftelsen SpareBank 1 SMN | 3,965,391 | 3.05 % |
| Pareto Aksje Norge | 3,382,000 | 2.60 % |
| Verdipapirfondet DNB Norge (IV) | 2,936,033 | 2.26 % |
| Frank Mohn AS | 2,876,968 | 2.22 % |
| Odin Norden | 2,854,979 | 2.20 % |
| Vind LV AS | 2,736,435 | 2.11 % |
| MP Pensjon PK | 2,058,415 | 1.59 % |
| Danske Invest Norske Aksjer Inst. II | 1,857,667 | 1.43 % |
| Stenshagen Invest | 1,693,384 | 1.30 % |
| State Street Bank and Trust CO (nominee) | 1,666,916 | 1.28 % |
| Verdipapirfondet Fondsfinans Spar | 1,645,090 | 1.27 % |
| Pareto Aktiv | 1,424,600 | 1.10 % |
| Forsvarets Personellservice | 1,406,446 | 1.08 % |
| Odin Europa SMB | 1,326,937 | 1.02 % |
| The Bank of New York Mellon (nominee) | 1,326,445 | 1.02 % |
| VPF Nordea Norge Verdi | 1,265,234 | 0.97 % |
| DNB Livsforsikring ASA | 1,260,767 | 0.97 % |
| Citibank N.A New York Branch (nominee) | 1,212,494 | 0.93 % |
| Danske Invest Norske Aksjer Instit. I | 1,148,845 | 0.88 % |
| The 20 largest ECC holders in total | 42,213,357 | 32.51 % |
| Others | 87,623,086 | 67.49 % |
| Total issued ECCs | 129,836,443 | 100.00 % |
Financial results
Annual report and notes
