Financial highlights, Group
| Change | |||||||
|---|---|---|---|---|---|---|---|
| Summary of profit and loss | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 | Q3 26 vs Q2 26 | Q3 26 vs Q3 25 |
| Net interest and credit commission income | 2,664 | 2,760 | 7,833 | 6,658 | 9,400 | 135 | -96 |
| Net commission income and income from banking services | 493 | 452 | 1,449 | 1,187 | 1,743 | -28 | 41 |
| Income from associated companies | 124 | 119 | 393 | 370 | 483 | -65 | 5 |
| Net gain/(loss) on financial instruments | -3 | 32 | 187 | 323 | 360 | -99 | -34 |
| Other operating income | 0 | 3 | 6 | 7 | 19 | -4 | -3 |
| Net operating income | 3,279 | 3,366 | 9,868 | 8,544 | 12,004 | -60 | -87 |
| Operating expenses | 1,044 | 990 | 3,133 | 2,427 | 3,582 | -10 | 54 |
| Impairment losses on loans and guarantees | 97 | 73 | 233 | 263 | 312 | 63 | 24 |
| Profit/loss before tax expense | 2,138 | 2,303 | 6,502 | 5,854 | 8,110 | -114 | -164 |
| Tax expense | 461 | 506 | 1,042 | 1,030 | 1,536 | -25 | -46 |
| Profit/loss for the period | 1,677 | 1,796 | 5,460 | 4,824 | 6,574 | -89 | -119 |
| Equity certificates share of profit/loss divided by the number of equity certificates | 3.66 | 4.01 | 12.00 | 12.95 | 16.78 |
| Key figures | Q3 26 | Q3 25 | 01.01- 30.09.26 | 01.01- 30.09.25 | 2025 |
|---|---|---|---|---|---|
| Profitability | |||||
| Return on equity after tax | 12.7 % | 14.5 % | 14.2 % | 16.9 % | 15.9 % |
| Return on equity adjusted for merger effects (see APM) | 14.5 % | 16.5 % | 16.2 % | 18.5 % | 17.6 % |
| Net interest as a percentage of average total assets | 1.70 % | 1.87 % | 1.71 % | 1.88 % | 1.87 % |
| Net other operating income as a percentage of net operating income | 19.3 % | 18.4 % | 21.2 % | 22.6 % | 22.2 % |
| Operating expenses as a percentage of net operating income (cost-income) | 31.8 % | 29.4 % | 31.8 % | 28.4 % | 29.8 % |
| Operating expenses as a percentage of net operating income, corrected for financial instruments | 31.8 % | 29.7 % | 32.4 % | 29.5 % | 30.8 % |
| Losses and defaults | |||||
| Losses on loans as a percentage of gross lending | 0.06 % | 0.07 % | 0.06 % | ||
| Non-performing exposures (>90 days) as a percentage of gross lending (period end) | 0.27 % | 0.32 % | 0.27 % | ||
| Credit-impaired exposures as a percentage of gross lending (period end) | 0.94 % | 0.71 % | 0.67 % |
| Balance sheet figures and liquidity | 30.09.26 | 30.09.25 | 31.12.25 | ||
|---|---|---|---|---|---|
| Total assets | 604,683 | 569,302 | 581,715 | ||
| Average total assets | 601,928 | 568,710 | 590,758 | 459,872 | 489,016 |
| Gross loans to customers | 513,217 | 474,216 | 487,477 | ||
| Lending growth, last 12 months | 8.2 % | 71.1 % | 72.1 % | ||
| Customer deposits | 233,425 | 221,827 | 225,640 | ||
| Deposit growth, last 12 months | 5.2 % | 66.0 % | 67.0 % | ||
| Deposit coverage | 45.7 % | 47.0 % | 46.5 % | ||
| Liquidity Coverage Ratio (LCR) | 179 % | 186 % | 197 % | ||
| Capital adequacy | |||||
| Risk-weighted balance sheet total | 221,742 | 210,747 | 213,538 | ||
| Core Tier 1 capital adequacy | 18.1 % | 18.1 % | 17.5 % | ||
| Core capital adequacy | 20.2 % | 20.1 % | 19.5 % | ||
| Capital adequacy, transitional arrangement | 22.8 % | 22.7 % | 22.3 % | ||
| Leverage ratio | 7.3 % | 7.3 % | 7.2 % | ||
| Personnel | |||||
| Number of full-time equivalents | 1,648 | 1,605 | 1,644 | ||
| Number of branch offices | 72 | 67 | 68 | ||
| The equity certificate | |||||
| Owner fraction on balance sheet date | 40.8 % | 40.4 % | 41.0 % | ||
| Weighted owner fraction in the period | 41.0 % | 40.5 % | 40.5 % | ||
| Equity cert. Capital's share of profit/loss divided by no of equity certificates (NOK) | 3.66 | 4.01 | 12.00 | 12.95 | 16.78 |
| Book equity per equity certificate | 116.3 | 112.2 | 116.5 | ||
| Listed price of equity certificate | 212.1 | 175.4 | 198.1 | ||
| Price-to-book | 1.82 | 1.56 | 1.70 |