Sparebanken Pluss Quarterly Report Q3 2012
|
|
- Mervin Randall
- 6 years ago
- Views:
Transcription
1 Sparebanken Pluss Quarterly Report Q3 2012
2 KEY FIGURES* As at Total income (NOK mill.) Total operating expenses (NOK mill.) Profit before losses (NOK mill.) Net loan losses etc. (NOK mill.) Profit before taxes (NOK mill.) Total assets (NOK mill) Average total assets (NOK mill.) Growth in total assets (% p.a.) 8,1 7,8 5,3 9,8 7,7 Growth in gross loans (% p.a.) 6,1 7,1 8,1 8,6 11,9 - Retail banking 7,4 8,9 10,2 11,7 13,1 - Corporate banking 8,7 9,1 9,7 8,5 9,8 - Organisations banking -13,1-13,6-13,0-12,8 10,7 Growth in deposits (% p.a.) 21,1 20,3 11,1 2,2 5,7 Overall deposits coverage (Parent bank) (%) 75,0 74,4 69,1 64,8 64,8 Overall deposits coverage (Group) (%) 53,0 52,1 48,2 46,1 46,5 Total operating expenses in relation to net income (%) 36,5 39,4 35,5 43,9 41,4 After-tax return on equity capital (%) 11,0 10,3 12,7 7,8 9,2 Earnings per EC (NOK) (Parent bank) 10,4 6,3 4,4 11,5 9,4 Earnings per EC (NOK) per quarter (Parent bank) 4,0 1,9 4,4 2,1 2,8 Earnings per EC (NOK) (Group) 13,8 8,5 5,1 12,7 11,1 Booked equity capital per EC (NOK) Equity Certificates (ECs) price (NOK) Core capital ratio (%)** 13,1 13,1 13,3 12,5 12,3 Core capital ratio (Parent bank) (%)** 14,6 14,7 15,1 14,3 13,7 Number of branches Number of man years *Group figures, unless otherwise stated ** Incl. 50 % of the operating profit (before taxes)
3 QUARTERLY REPORT Main features The main features of the Bank s operations for the third quarter, similar to the previous quarters, are as follows: - High, stable income - Low cost ratio - Modest credit losses - Solid result - Low level of commitments in default - Solid balance - Good growth Framework conditions Norges Bank has in 2012 changed its key interest rate once. In March, the interest rate was down by 0.25 percentage points to 1.50 per cent. The annual growth in gross domestic debt to the public, C2, was 6.8 per cent at the end of August. The growth in credit to households and corporate market were respectively 7.1 and 5.6 per cent. As at 30.9 there has been a price increase on Oslo Stock Exchange by 15.8 per cent. For the whole of 2011 there was a price decline of 12.5 per cent. The figures from NAV show that unemployment at the end of September was 2.4 per cent. There were 78,000 people currently jobless or attending job-boosting schemes arranged by the authorities. Operating profit After the third quarter, the Bank (Group) had an operating profit, before taxes, of NOK 314 million, - against NOK 241 million at the same time last year. The profit was equivalent to 1.01 per cent of average total assets, against 0.83 a year before. The Group s net interest income totalled NOK 407 million, against NOK 352 million at the same time last year. As a percentage of average total assets, the net interest amounted to 1.31 per cent, against 1.22 a year before. Other (non-interest) operating income totalled NOK 101 million. In relation to the third quarter of 2011, this is an increase of NOK 31 million. This is mainly due to fluctuations in the item Net gains/losses from securities and foreign exchange, and mainly related to market price fluctuations at liquidity bonds and market price adjustments of fixed rate loans. Total operating expenses amounted to NOK 185 million, an increase of NOK 10 million in relation to the third quarter of Expenses as a percentage of average total assets were at the end of the third quarter 0.60 per cent, the same as a year ago. Expenses as a percentage of income at the end of the third quarter of 2012 were 36.5 per cent, against 41.4 per cent a year ago. Total assets At the end of the third quarter of 2012, total assets were NOK 42,729 million, up by NOK 3,212 million or 8.1 per cent from the same time last year. Deposits At the end of the third quarter of 2012, deposits from customers were NOK 18,544 million. The growth from the same period last year has been NOK million or 21.1 per cent. Growth is well distributed between industry, private and various offices. At the end of the third quarter, 75.0 per cent of the Parent Bank s loans were financed by customer deposits. On Group basis, this amounted to 53.0 per cent. The growth in total assets is funded mainly through deposits and long-term borrowing in the Norwegian and international money- and capital markets. Kristiansand, 30 October 2012 Loans Gross loans to customers for the Group as a whole have increased by NOK 2,019 million or 6.1 per cent the last 12 months, totalling NOK 35,101 million at the end of the third quarter. Of the total lending portfolio 62.0 per cent are to retail market, 31.2 per cent are to corporate market and 6.8 per cent are to the organisation-market. Gross commitments in default (over 90 days) on loans amounted to 0.47 per cent for the Group as a whole. The credit risk for the lending portfolio is still regarded as low. Losses on loans and guarantees Write-downs on groups of loans amount to NOK 92 million, and no changes were made in the third quarter. Individual write-downs on loans are increased by NOK 8 million in relation to the beginning of the year. Individual write-downs amounting to NOK 45 million, including amortised amounts on loans. At the end of the third quarter there was a net recovery of previously incorporated losses of NOK 2 million, so that the net loss cost amounted to NOK 10 million. In the Board of Directors opinion, the write-downs are sufficient in order to cover the credit risk at the end of the third quarter. Capital adequacy The Bank made use of the standard method for credit risk and the basis method for operational risk to calculate capital adequacy in accordance with valid capital adequacy rules and regulations Basel II. At the end of the third quarter of 2012, the Group had a core capital of NOK 3,192 million. The core capital adequacy ratio was 13.1 per cent. For the Parent bank the core capital coverage totalled 14.6 per cent. Pluss Boligkreditt AS The Bank s wholly-owned subsidiary, Pluss Boligkreditt AS has the required licence to conduct business as a mortgage company, with the right to issue covered bonds. At the end of the third quarter of 2012, a mortgage home loan portfolio of NOK 10,242 million had been transferred from the Bank to Pluss Boligkreditt AS. The mortgage company has issued covered bonds amounting to NOK 9,150 million. Large parts of this portfolio have been swapped into treasury bills. Equity Certificates A summary of the 20 largest equity certificates owners as of is included in Notes to the Accounts. So far this year, the result per equity certificate (Parent bank) amounts to NOK The return on equity capital at the end of the third quarter of 2012 was 11.0 per cent, against 9.2 per cent at the same time last year. Rating Sparebanken Pluss has international rating from Moody s, with a long-term rating of A2 and Stable Outlook. The rating was confirmed in a new Credit Opinion in August Covered bonds issued by Pluss Boligkreditt AS is also rated by Moody s, and the bonds have a rating of Aaa. Future prospects The Board of Directors expects that the Bank s operating result also for the rest of the year will be satisfactory, but the strong unrest in several countries economies and financial markets may still have a negative impact on the Norwegian financial industry. The Bank is, however, only in a very modest extent dependent on or directly exposed to foreign capital markets. The development of the Bank s commitments in default and credit losses may also be affected by further economic development, but it is assumed that losses still will be modest. Trond Bjørnenak Norunn Tveiten Benestad Peder Syrdalen Magne Haug Bjørg Sveinall Øgaard Bente Pedersen Chairman Deputy Chairman Stein A Hannevik Chief Executive Officer
4 Profit and loss account Parent bank NO K MILLION Group* Note: Interest income Interest expenses NET INTEREST INCOME Dividend income Commissions and income from banking services Commission expenses and exp. relating to banking services Net gains/losses from securities and foreign exchange Other operating income TO TAL OTHER OPERATING INCO ME Wages, salaries and general administration expenses Depreciation etc. of fixed - and intangible assets Other operating expenses TO TAL OPERATING EXPENSES PROFIT BEFO RE LOSSES ON LO ANS Losses on loans, guarantees etc O PERATING PRO FIT Taxes PROFIT AFTER TAXES O ther comprehensive income PROFIT AFTER TAXES Estimate deviations for pensions TO TAL PROFIT * Consist of Parent bank and the subsidiary Pluss Boligkreditt AS Profit and loss account in % of average assets Parent bank Group ,88 3,79 3,79 Interest income 4,00 3,91 4,03 2,72 2,65 2,64 Interest expenses 2,69 2,69 2,80 1,16 1,14 1,15 NET INTEREST INCO ME 1,31 1,22 1,24 0,08 0,01 0,03 Dividend income 0,03 0,01 0,01 0,26 0,26 0,25 Commissions and income from banking services 0,21 0,23 0,23 0,04 0,04 0,03 Commission expenses and exp. relating to banking services 0,03 0,04 0,04-0,09 0,02 0,09 Net gains/losses from securities and foreign exchange 0,08 0,02-0,08 0,04 0,04 0,05 Other operating income 0,03 0,03 0,03 0,25 0,28 0,40 TO TAL O THER O PERATING INCO ME 0,33 0,24 0,15 0,54 0,53 0,55 Wages, salaries and general administration expenses 0,49 0,49 0,50 0,03 0,03 0,04 Depreciation etc. of fixed - and intangible assets 0,03 0,03 0,03 0,07 0,07 0,07 Other operating expenses 0,07 0,08 0,07 0,64 0,63 0,66 TO TAL O PERATING EXPENSES 0,60 0,60 0,61 0,77 0,79 0,89 PRO FIT BEFO RE LO SSES O N LO ANS 1,04 0,86 0,78 0,06 0,03 0,03 Losses on loans, guarantees etc. 0,03 0,02 0,05 0,72 0,77 0,86 OPERATING PRO FIT 1,01 0,83 0,73 0,22 0,22 0,26 Taxes 0,30 0,24 0,22 0,49 0,54 0,60 PRO FIT AFTER TAXES 0,71 0,59 0,50 O ther comprehensive income 0,49 0,54 0,60 PRO FIT AFTER TAXES 0,71 0,59 0,50 0,01 0,00 0,00 Estimate deviations for pensions 0,00 0,00 0,01 0,48 0,54 0,60 TO TAL PRO FIT 0,71 0,59 0,49
5 Quarterly profit and loss figures 3. quarter 2. quarter 1. quarter 4. quarter 3. quarter N OK M ILLION Interest income Interest expenses NET INTEREST INCO ME Dividend income Commissions and income from banking services Commission expenses and exp. relating to banking services Net gains/losses from securities and foreign exchange Other operating income TO TAL O THER O PERATING INCO ME Wages, salaries and general administration expenses Depreciation etc. of fixed - and intangible assets Other operating expenses TO TAL O PERATING EXPENSES PROFIT BEFO RE LO SSES O N LO ANS Losses on loans, guarantees etc O PERATING PRO FIT T axes PRO FIT AFTER TAXES O ther comprehensive income PRO FIT AFTER TAXES Estimate deviations for pensions TO TAL PRO FIT Quarterly profit and loss figures in % of average assets 3. quarter 2. quarter 1. quarter 4. quarter 3. quarter Net interest income 1,28 1,33 1,33 1,25 1,28 Total other operating income 0,43 0,05 0,50-0,12 0,04 Total operating expenses 0,53 0,62 0,65 0,60 0,57 Profit before losses on loans 1,17 0,76 1,19 0,53 0,76 Losses on loans, guarantees etc. 0,03 0,02 0,03 0,13 0,01 Operating profit 1,14 0,74 1,16 0,40 0,75
6 Balance sheet Parent bank NO K MILLIO N Group ASSETS Note: Cash and claims on central banks Net loans to and claims on credit institutions Gross loans to customers Individual write-downs on loans Write-downs of groups of loans Net loans to and claims on customers Repossessed assets Certificates, bonds and other interest-bearing securities Shares and other securities with variable yield Equities stakes in group companies Deferred tax benefit Fixed assets Other assets Prepaid expenses and accrued income, not yet received TO TAL ASSETS LIABILITIES AND EQ UITY CAPITAL Liabilities to credit institutions Deposits from and liabilities to customers Liabilities incurred through issuance of securities Other liabilities Payable taxes Incurred expenses and prepaid income Provisions against liabilities and expenses Deferred taxes Subordinated loans TO TAL LIABILITIES Paid-in equity capital Accrued equity capital TO TAL EQ UITY CAPITAL TO TAL LIABILITY AND EQ UITY CAPITAL
7 CHANGES IN EQUITY CAPITAL Group NOK MILLION EC - capital Premium Fund Savings Bank's Fund Estimated deviation pension Donations Fund Dividend Equalisation Fund Balance Paid dividends for Profit per Other comprehensive income Balance Profit Other comprehensive income Paid from Donation Fund Balance Paid dividends for Profit per Other comprehensive income Paid from Donation Fund Balance Total NOK MILLION EC - capital Premium Fund Savings Bank's Fund Estimated deviation pension Donations Fund Dividend Equalisation Fund Parent bank Balance Paid dividends for Profit per Other comprehensive income Balance Profit Other comprehensive income Paid from Donation Fund Balance Paid dividends for Profit per Other comprehensive income Paid from Donation Fund Balance Total
8 Cash flow statement Parent bank NOK MILLIO N Cash flows from operating activities Interest received Interest paid Dividends received Payment received from Group companies Other payments received Other payments made Recoveries relating to confirmed losses Payment of tax Payment - donations Net change in deposits from customers Changes in net loans to and claims on customers Net cash flow from operating activities Cash flow from investment activities Group Payment received relating to securities Payment relating to securities Payment received in fixed assets Payment in fixed assets Change in other claims Net cash flow from investment activities Cash flows from financing activities Net change in deposits from financial institutions Net change in deposits from Norges Bank and other fi Payment received of bond debt Payment of bond debt Change in short-term liabilities Subordinated loan capital Payment of dividend Net cash flow from financing activities Net change in liquid assets during the year Liquid assets as at Liquid assets as at end of period
9 Segment reporting as at NOK MILLION Profit and loss account Retail Corporate Bolig- Undistri- Retail Corporate Bolig- Undistri- Sector Sector kreditt buted Total Sector Sector kreditt buted Total NET INTEREST INCOME Other operating income Total operating expenses PROFIT BEFORE LOSSES Losses on loans OPERATING PROFIT Balance sheet Net loans to customers Other assets Total assets Deposits from customers Other liabilities and equity capital Total liabilities and equity capita NOTES TO THE ACCOUNTS The consolidated financial statement is prepared in accordance with IFRS (including IAS 34). The interim financial statements are prepared using the same accounting principles used in the annual financial statements. Please refer to the 2011 Annual Report for more information on the accounting principles. The interim report is not audited. Notes are entered in NOK million. The accounts are presented in Norwegian Kroner, which is the Group s functional currency.
10 1. LOSSES ON LOANS Parent bank Write-downs on loans and losses on guarantees Group Losses on loans in the period Write-dow ns of loans Losses on guarantees = Write-dow ns on loans and losses on guarantees Write-dow ns on loans: Changes in individual w rite-dow ns of loans in the period Changes in w rite-dow n on groups of loans in the period Amortised loans Confirmed losses in the period for w hich individual w ritedow ns have previously been made Confirmed losses in the period for w hich no individual w ritedow ns have previously been made Recoveries from previous confirmed losses = Write-dow n on loans in the period Changes in specific write-dow ns: Specific w rite-dow ns of loans as at excl. amort. loans Confirmed losses on loans in the period for w hich w ritedow ns have previously been made Increased individual w rite-dow ns in the period New individual w rite-dow ns in the period Recoveries from w rite-dow ns in the period Amortised loans = Specific w rite-downs and amortised loan Changes in write-downs on groups of loans: Write-dow ns of groups of loans as at Changes in w rite-dow ns of groups of loans in the period Write-dow ns of groups of loans Defaulted loans and bad and doubtful commitments Defaulted loans/credits ,53 % 0,63 % 0,66 % Gross defaulted loans >90 days as a % of gross loans 0,47 % 0,45 % 0,38 % Defaulted loans/credits Gross defaulted loans days Gross defaulted loans days Gross defaulted loans > 90 days Gross defaulted loans/credits Individual w rite-dow ns Net defaulted loans/credits Other bad and doubtful loans/credits Other bad and doubtful loans/credits w ith w rite-dow ns Individual w rite-dow ns Net other bad and doubtful loans/credits Gross defaulted loans and bad and doubtful commitments Gross defaulted loans and bad/doubtful commitments Individual w rite-dow ns Net defaulted loans and bad/doubtful commitments
11 2. MATURITY STRUCTURE AND NOMINAL VALUE OF ISSUED BONDS AND SUBORDINATED LOAN CAPITAL AS AT NOK million ISIN Num ber. Ticker Nom inal Ow ned Reference rate Repaymentstructure Final maturity NO PLUG 30 PRO 544 NIBOR 3 months No instalment NO PLUG 31 PRO NIBOR 3 months No instalment NO PLUG 34 PRO NIBOR 3 months No instalment NO PLUG 22 PRO 800 Fixed No instalment NO PLUG 29 PRO 685 NIBOR 3 months No instalment NO PLUG 36 PRO NIBOR 3 months No instalment NO PLUG 39 PRO 700 NIBOR 3 months No instalment NO PLUG 40 PRO NIBOR 3 months No instalment NO PLUG 33 PRO 800 Fixed No instalment NO PLUG 37 PRO 800 Fixed No instalment NO PLUG 38 PRO 800 NIBOR 3 months No instalment NO PLUG 35 PRO 700 Fixed No instalment NO Not listed 200 NIBOR 3 months Subord. loan NO Not listed 300 NIBOR 3 months Subord. loan Issued by Parent bank NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO PLBK NIBOR 3 months No instalment NO Not listed 750 NIBOR 3 months No instalment Issued by Pluss Boligkreditt AS Total bonds and subord. loans The difference between nominal and book value is due to the issued bond prices, and the effects of hedge accounting. It is in the bonds owned by the parent bank included NOK million, which is part of the swap arrangement scheme with the government.
12 3. CAPITAL ADEQUACY Parent bank Group ,3 % 15,6 % 14,6 % Capital adequacy ratio* 13,1 % 14,0 % 14,3 % 14,3 % 13,7 % 14,6 % Core capital adequacy ratio* 13,1 % 12,3 % 12,5 % Minimum requirements for equity and related capital Total calculation basis Net equity and related capital* Core capital* Supplementary capital Minimum requirements for equity capital Capital requirements for credit risk according to the standard Capital requirements for operasjonel risk Deduction in the capital requirements *Incl. 50 % of the operating result (before taxes), however the interim report is not audited 4. EQUITY CERTIFICATES (EC) The 20 largest EC holders as at NAME Number of % part of total NAME Number of % part of tota ECs held EC capital ECs he ld EC capital 1. Glastad Invest AS , Birkenes Sparebank ,60 2. Sparebankstiftelsen DnB NOR , Flekkefjord Sparebank ,26 3. Brøvig Holding AS , Sparebank 1 SR-bank ,11 4. Varodd AS , Leif Strømme Eiendom AS ,07 5. Gumpens Auto AS , Apriori Holding AS ,03 6. Terra Utbytte VPF , Bratland Bjørn ,02 7. Sparebanken Sør , Sparebank 1 Ringerike ,92 8. M P Pensjon , Rynning Jens Emil ,89 9. Spareskillingsbanken , Akselsen Carsten , Allumgården , M ørch Gerd Turid ,82 Total- 10 largest owners ,55 Total- 20 largest owners ,11 As at , Sparebanken Pluss owned none of the Bank s Equity Certificates. The Bank s EC capital totalled NOK 125 million, made up EC, each of a nominal value of NOK 100,-.
Sparebanken Pluss Quarterly Report Q1 2012
Sparebanken Pluss Quarterly Report Q1 2012 KEY FIGURES* As at. 31.03.12 31.12.11 30.09.11 30.06.11 31.03.11 Total income (NOK mill.) 186 537 423 290 143 Total operating expenses (NOK mill.) 66 236 175
More informationSparebanken Pluss Quarterly Report Q3 2010
Sparebanken Pluss Quarterly Report Q3 2010 KEY FIGURES* As at. 30.09.10 30.06.10 31.03.10 31.12.09 30.09.09 Total income (NOK mill.) 427 275 145 596 451 Total operating espenses (NOK mill.) 143 90 35 201
More informationFirst quarter report 2009 As at
First quarter report 2009 As at 31.03.09 Main features The main features of the Bank s operations so far this year are as follows: - A good level of net interest income - Good other (non-interest) income
More informationHalf-year report 2006 As at 30 June
Half-year report 2006 As at 30 June Main features The main features of the Bank s operations during the first half of 2006 were as follows: - Improved operating result - Increased net interest income -
More informationFourth quarter report 2006 As at 12 December
Fourth quarter report 2006 As at 12 December Main features The main features of the Bank s operations in 2006 are as follows: - Improved operating result - Increased net interest income - Increased other
More informationInterim Report Q (not audited)
Interim Report Q4 2012 (not audited) QUATERLY REPORT 31.12.2012 The organisation Pluss Boligkreditt AS is a wholly owned subsidiary of Sparebanken Pluss, and the Company s business is managed from Kristiansand.
More informationInterim Report Q (not audited)
Interim Report Q3 2012 (not audited) QUATERLY REPORT 30.09.2012 The organisation Pluss Boligkreditt AS is a wholly owned subsidiary of Sparebanken Pluss, and the Company s business is managed from Kristiansand.
More informationFIRST QUARTER 2014 (UNAUDITED)
FIRST QUARTER 2014 (UNAUDITED) 2 Contents Information 2 Key figures Group 3 Report from the Board of Directors 4 Income statement 10 Balance sheet 11 Cash flow statement 12 Equity statement 13 Notes 14
More informationQUARTER (UNAUDITED)
QUARTER 3 2014 (UNAUDITED) 2 Contents Information 2 Key figures Group 3 Report from the Board of Directors 4 Income statement 10 Balance sheet 11 Cash flow statement 12 Equity statement 13 Notes 14 Risk
More informationQUARTER 3 (UNAUDITED)
QUARTER 3 2015 (UNAUDITED) 2 Contents Report from the Board of Directors 3 Income statement 5 Balance sheet 6 Cash flow statement 7 Equity statement 8 Notes 9 Quarterly profit trend 12 Report from the
More informationQUARTER 3 (UNAUDITED)
QUARTER 3 2016 (UNAUDITED) 2 Contents Key figures Group 3 Report from the Board of Directors 4 Income statement 11 Balance sheet 12 Cash flow statement 13 Equity statement 14 Notes 15 Risk and Capital
More informationunaudited interim report 2 quarter 2016
unaudited interim report 2 quarter 2016 Financial highlights - Group Income statement Q2 2016 Q2 2015 30.06.2016 30.06.2015 2015 NOK million % NOK million % NOK million % NOK million % NOK million % Net
More informationunaudited interim report 1 quarter
unaudited interim report 1 quarter 2015 Financial highlights - Group Income statement Q1 2015 Q1 2014 2014 NOK million In percentage NOK million In percentage NOK million In percentage Net interest income
More informationinterim report 4 quarter unaudited
interim report 4 quarter unaudited 18 Interim report from the Board of Directors About the Company Møre Boligkreditt AS is a wholly owned subsidiary of Sparebanken Møre. The company is licensed to operate
More informationAssets Net loans Deposits Equity and related capital
FIRST QUARTER 2009 2 Main figures Group From the Profit and Loss Account 31.03.09 31.03.08 2008 NOK mill. % of av. NOK mill. % of av. NOK mill. % of av. assets assets assets Interest income 461 5.43% 500
More informationNæringskreditt 2nd Quarterly Report 2015
Næringskreditt 2 nd Quarterly Report 2015 Contents Financial Statements as of the 2 nd quarter 2015 Report of the Board of Directors...3 Statement of the Board and the CEO...7 Income Statement... 8 Statement
More informationSPAREBANKEN PLUSS. Annual Report
SPAREBANKEN PLUSS Annual Report ANNUAL REPORT MACROECONOMIC ENVIRONMENT 2007 was one of the best growth years for the Norwegian economy, following a strong economic upturn which started in 2003. Economic
More informationQuarterly report. Interim report. First Quarter 2017 NOTES TO THE ACCOUNTS
Quarterly report Interim report First Quarter 2017 1 Content 3 Main figures 4 9 Interim report 10 Income statement 11 Balance sheet 12 Changes in equity capital 14 Cash flow statement 15 Quarterly accounts
More informationQuarterly Report Fourth quarter 2011
4. quarter 2011 Quarterly Report Fourth quarter 2011 Norwegian and international economy In spite of the weak performance in Europe, global growth is estimated to be around 3 per cent in 2011. There has
More informationPluss Boligkreditt AS. Annual Report 2013 (This translation from Norwegian has been made for information purposes only.)
Annual Report 2013 (This translation from Norwegian has been made for information purposes only.) 1 THE BOARD OF DIRECTORS REPORT 2013 The organisation is a wholly owned subsidiary of Sparebanken Pluss,
More informationinterim report 2 quarter unaudited
interim report 2 quarter unaudited 14 2 2nd QUARTER 2014 Contents 3 Second quarter report from the Board of Directors 6 Statement of income 7 Statement of financial position 8 Statement of changes in equity
More informationHelgeland Sparebank, Provisional Financial Statements at the end of the 4th Quarter 2007
Helgeland Sparebank, Provisional Financial Statements at the end of the 4th Quarter 2007 The Highlights of 2007 (comparative figures for full-year 2006) Pre-tax profit NOK 244 (159) million Net interest
More informationDNB BOLIGKREDITT AS. a company in the DNB Group. Second quarter and first half report 2014 (Unaudited)
Q2 DNB BOLIGKREDITT AS a company in the DNB Group Second quarter and first half report 2014 (Unaudited) Key figures Statement of comprehensive income 2nd quarter 2nd quarter 1st half 1st half Full year
More informationHelgeland Sparebank, 4th Quarter The Group. The Group. Highlights of the year to date (comparison year to date 2007)
0 Helgeland Sparebank, 4th Quarter The Highlights of the year to date (comparison year to date ) The Highlights of (comparative figures for full-year ) Pre-tax profit NOK 177 (242) million Net interest
More informationBN Bank ASA. INTERIM REPORT 4th QUARTER 2011
BN Bank ASA INTERIM REPORT 4th QUARTER 2011 Content Summary of results for Q4 2011...3 Financial Ratios - Group...4 Interim Report 2011...5 Income Statement - Group... 11 Balance Sheet - Group... 12 Statement
More informationinterim report 2 quarter not audited
interim report 2 quarter not audited 13 2 2nd QUARTER 2013 Contents 3 Financial highlights 4 Interim report from the Board of Directors The Accounts 7 Statement of income 8 Balance Sheet 9 Statement of
More informationREPORT FOR THE FIRST HALF OF 2010 Terra BoligKreditt AS
REPORT FOR THE FIRST HALF OF 2010 Terra BoligKreditt AS Key figures Semi-annual Report 2010 Pre-tax operating revenues of NOK 21 million for the first half of 2010, compared with pre-tax operating revenues
More informationHALF-YEAR REPORT 2014
HALF-YEAR REPORT 2014 Contents First half year 2014 3 4 6 7 8 9 10 11 12 22 Main figures Quarterly report Income Statement Balance sheet Changes in equity capital Cash flow statement Results from the quarterly
More informationPress release FIRST QUARTER REPORT AND ACCOUNTS 2007
Press release From : Sparebanken Sør Contact person: Morten Kraft, Chief Executive Officer Phone number : +47 37 05 70 93 Date : 25.04.2007 FIRST QUARTER REPORT AND ACCOUNTS 2007 The Sparebanken Sør Group
More informationInterim report Q KLP Banken AS Group
Interim report Q 1 2012 KLP Banken AS Group Contents KLP Banken AS Group Income statement 3 Financial position statement 4 Statement of owners equity 5 Statement of cash flows 6 Notes to the Accounts 7
More informationFirst quarter 2011 SpareBank 1 SR-Bank konsern
First quarter 2011 SpareBank 1 SR-Bank konsern Page 1 Good quarterly results Q1 2011 Profit before tax: NOK 336 million (NOK 395 million) Return on equity after tax: 11.2% (14.8%) Earnings per equity certificate:
More information168th year. Quarterly Report nd quarter
168th year Quarterly Report 2010 2nd quarter Contents Comments to the accounts page 2-7 Profit and Loss Account page 8 Balance Sheet page 8 Changes in equity page 9 Cash Flow Statement page 10 Profit
More informationInterim report for the second quarter and first half of 2012 Unaudited. Terra BoligKreditt AS
Interim report for the second quarter and first half of 2012 Unaudited Terra BoligKreditt AS Key figures Interim report for the second quarter and first half of 2012 The company had a pre-tax profit of
More informationBN Bank ASA. INTERIM REPORT 2nd QUARTER 2011
BN Bank ASA INTERIM REPORT 2nd QUARTER 2011 Content Summary of results for Q2 2011...3 Summary of results for 1st Half-Year 2011...3 Financial Ratios - Group...4 Interim Report 2nd Quarter...5 Income Statement
More informationinterim report 1 quarter unaudited
interim report quarter unaudited 5 2 st QUARTER 25 Contents First quarter report from the Board of Directors Statement of income Statement of financial position Statement of changes in equity 9 Statement
More informationMain figures for the Group
THIRDQUARTERREPORTANDACCOUNTS2007 Main figures for the Group From Profit and Loss Account 30/09/2007 30/09/2006 2006 NOK mill. % of average NOK mill. % of average NOK mill. % of average assets assets assets
More informationBN Bank ASA. INTERIM REPORT 3rd QUARTER 2011
BN Bank ASA INTERIM REPORT 3rd QUARTER 2011 Content Summary of results for Q3 2011...3 Financial Ratios - Group...4 Interim Report 3rd Quarter 2011...5 Income Statement - Group... 11 Balance Sheet - Group...
More informationSparebanken Pluss. Annual report 2013 THE BANK FOR SØRLANDET. (This translation from Norwegian has been made for information purposes only)
Sparebanken Pluss Annual report 2013 (This translation from Norwegian has been made for information purposes only) THE BANK FOR SØRLANDET ANNUAL REPORT 2013 FOR SPAREBANKEN PLUSS ECONOMIC FRAMEWORK CONDITIONS
More informationQuarterly report. Interim report Q NOTES TO THE ACCOUNTS 1
Quarterly report Interim report Q4 2016 NOTES TO THE ACCOUNTS 1 Content 3 Main figures 4 10 Interim report 11 Income statement 12 Balance sheet 13 Changes in equity capital 15 Cash flow statement 16-17
More informationHalf Year Report 2009
Half Year Report 2009 SpareBank 1 Nord-Norge Group Board of Directors Report/Operating Report Half year accounts Statement from Board of Directors and Chief Executive Officer Group Information 1/22 SpareBank
More informationinterim report 4 quarter unaudited
interim report 4 quarter unaudited 5 4th QUARTER 5 Contents 3 Fourth quarter report from the Board of Directors Statement of income 7 Statement of financial position 8 Statement of changes in equity 9
More informationInterim Report. Interim Report Q NOTES TO THE ACCOUNTS 1
Interim Report Interim Report Q3 2015 NOTES TO THE ACCOUNTS 1 Contents 3 Main figures 4 8 Interim report 9 Income statement 10 Balance sheet 11 Changes in equity capital 12 Cash flow statement 13 Results
More informationinterim report 3 quarter unaudited
interim report quarter unaudited 5 rd QUARTER 5 Contents Third quarter report from the Board of Directors 6 Statement of income Statement of financial position 8 Statement of changes in equity 9 Statement
More informationANNUAL REPORT. (This translation from Norwegian has been prepared for information purposes only.)
2014 ANNUAL REPORT (This translation from Norwegian has been prepared for information purposes only.) 1 Contents 3 Report from the Board of Directors 5 Income statement 6 Other comprehensive income 7 Balance
More informationFinancial result. First quarter 2016 April 28th 2016
Financial result First quarter 2016 April 28th 2016 Highlights financial report first quarter 2016 Satisfactory Return on Equity - Return on equity was 7.6 per cent. - Return on equity adjusted for securities
More informationQuarterly report Q4 2013
Quarterly report Q4 Directors Report 2 / 12 Directors Report Fourth Quarter Nature of the business SSB Boligkreditt AS is the funding company of the Sandnes Sparebank Group, for the issue of covered bonds.
More informationSpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge Preliminary annual report and accounts 2008 The Group Satisfactory result for the fourth quarter when taking the global financial crisis into consideration. The underlying banking
More informationBN Bank ASA INTERIM REPORT 2ND QUARTER 2014
BN Bank ASA INTERIM REPORT 2ND QUARTER 2014 Content Financial Ratios... 3 Report from the Board of Directors... 4 Income Statement... 8 Balance Sheet... 9 Change in Equity...10 Cash Flow Analysis...11
More informationHelgeland Sparebank, Accounts for the for the 3 rd quarter of 2011
0 Helgeland Sparebank, Accounts for the for the 3 rd quarter of The All figures concern the Helgeland Sparebank. The ownership of subsidiaries and associated companies is described in Note 12. The accounts
More informationthird QUArtEr 2012 (unaudited)
third QUARTER 2012 (unaudited) 2 Key figures - Group Result 30.09.12 30.09.11 2011 MNOK % of aver. MNOK % of aver. MNOK % of aver. total assets total assets total assets Interest income 1 382 4.30 % 1
More informationSPAREBANKEN VEST BOLIGKREDITT
SPAREBANKEN VEST BOLIGKREDITT INTERIM REPORT Q2 2014 Semi-annual report for the period 1 January 30 June, 2014 Introduction Sparebanken Vest Boligkreditt AS (SPVB) is a wholly owned subsidiary of Sparebanken
More informationKey figures Group. Balance sheet
Q2 2018 2 Contents Key figures Group 3 Board of Directors report 4 Income statement 12 Balance sheet 13 Cash flow statement 14 Equity statement 15 Notes 16 Risk and Capital management 29 Quarterly profit
More informationSparebanken Sør Boligkreditt AS QUARTER 4
Sparebanken Sør Boligkreditt AS QUARTER 4 2018 1 Sparebanken Sør Business Balance Employees Products and services Summary Sparebanken Sør is an independent financial group with activities within banking,
More informationSparebanken Sør 3 rd quarter 2017
Sparebanken Sør 3 rd quarter 2017 Sparebanken Sør Business Sparebanken Sør is an independent financial group with activities within banking, securities and real estate brokerage. Balance The sixth largest
More informationinterim report 3 quarter unaudited
interim report quarter unaudited 4 2 rd QUARTER 24 Contents Third quarter report from the Board of Directors 6 Statement of income 7 Statement of financial position 8 Statement of changes in equity 9 Statement
More information170.year. QuarterlyReport2012 QuarterlyReport1stquarter2012
170.year QuarterlyReport2012 QuarterlyReport1stquarter2012 Contents Comments to the accounts... page 2-5 Profit and Loss Account... page 6 Balance Sheet... page 6 Changes in equity... page 7 Cash Flow
More informationTotal assets Net loans Deposits Equity and related capital
FOUR th QUARTER 2009 Key Financial Figures (Group) 3 Profit 2009 2008 2007 MNOK % of aver. MNOK % of aver. MNOK % of aver. total assets total assets total assets Interest income 1 571 4.43% 2 241 7.05%
More informationSECOND QUARTER AND FIRST HALF REPORT 2016 (Unaudited) Q2 DNB Boligkreditt. A company in the DNB Group
SECOND QUARTER AND FIRST HALF REPORT 2016 (Unaudited) Q2 DNB Boligkreditt A company in the DNB Group Financial highlights Income statement 2nd quarter 2nd quarter January-June Full year Amounts in NOK
More informationgjensidige.com Interim report for Gjensidige bank Group Gjensidige bank ASa
gjensidige.com Interim report for FOURTH QUARTER AND PRELIMINARY ANNUAL FINANCIAL STATEMENTS Gjensidige bank Group Gjensidige bank ASa GJENSIDIGE BANK GROUP HIGHLIGHTS FOURTH QUARTER Profit before tax
More informationinterim report 1 quarter unaudited
interim report 1 quarter unaudited 18 Interim report from the Board of Directors About the Company Møre Boligkreditt AS is a wholly owned subsidiary of Sparebanken Møre. The company is licensed to operate
More informationREPORT FOR THE FIRST HALF OF Terra BoligKreditt AS
REPORT FOR THE FIRST HALF OF 2009 Terra BoligKreditt AS Key figures First half-year 2009 Operating profit before tax of NOK 28.8 million for the first half-year, against negative operating profit before
More informationgjensidige.com INTERIM REPORT FOR FIRST HALF AND SECOND QUARTER 2012 GJENSIDIGE BANK GROUP GJENSIDIGE BANK ASA
gjensidige.com INTERIM REPORT FOR FIRST HALF AND SECOND QUARTER 2012 GJENSIDIGE BANK ASA 2 GJENSIDIGE BANK INTERIM REPORT FIRST HALF AND SECOND QUARTER OF 2012 HIGHLIGHTS FIRST HALF AND SECOND QUARTER
More informationSpareBank 1 SR-Bank Group Unaudited 1
SpareBank 1 SR-Bank Group Unaudited 1 Interim Financial Statements Q1 2017 Key figures... 3 Report of the Board of Directors... 4 Income Statement... 15 Balance Sheet... 16 Statement of Changes in Equity...
More informationInterim Financial Statements Q3 2017
Interim Financial Statements Q3 2017 Statement of the Board of Directors... 3 Income statement... 4 Balance sheet... 5 Statement of changes in equity... 6 Cash flow statement... 6 Notes to The Financial
More informationDNB Boligkreditt AS. A company in the DNB Group. FOURTH QUARTER REPORT 2017 (Preliminary and unaudited)
A company in the DNB Group FOURTH QUARTER REPORT 2017 (Preliminary and unaudited) Financial highlights Income statement 4th quarter 4th quarter Full year Full year Amounts in NOK million 2017 2016 2017
More informationTHIRD QUARTER REPORT 2016 (Unaudited) Q3 DNB Boligkreditt. A company in the DNB Group
THIRD QUARTER REPORT 2016 (Unaudited) Q3 DNB Boligkreditt A company in the DNB Group Financial highlights Income statement 3rd quarter 3rd quarter January-September Full year Amounts in NOK million 2016
More informationR E P O R T O F T H E B O A R D O F D I R E C T O R S
1 R E P O R T O F T H E B O A R D O F D I R E C T O R S Helgeland Boligkreditt AS, accounts as at 31.12.2011 The company Helgeland Boligkreditt AS was established in November 2008 and is a wholly-owned
More informationBN Bank ASA INTERIM REPORT Q3 2015
BN Bank ASA INTERIM REPORT Q3 2015 Content Financial Ratios... 3 Report from the Board of Directors... 4 GROUP Income Statement... 8 Balance Sheet... 9 Change in Equity...10 Cash Flow Analysis...11 Notes...12
More informationSparebanken Sør Boligkreditt AS Q2 2018
Sparebanken Sør Boligkreditt AS Q2 2018 1 Sparebanken Sør Business Balance Employees Products and services Summary Sparebanken Sør is an independent financial group with activities within banking, securities
More informationThird quarter (Unaudited) Sbanken Boligkreditt AS
Q3 Third quarter 2018 (Unaudited) Sbanken Boligkreditt AS Key figures In NOK thousand Reference Jan - Sep 18 Jan - Sep 17 2017 Summary of income statement Net interest income 187 849 136 708 206 181 Net
More informationSparebanken Vest Boligkreditt AS
EIENDOMSMEGLER VEST FRENDE FORSIKRING NORNE SECURITIES BRAGE FINANS KYTE NÆRINGSMEGLING Sparebanken Vest Boligkreditt AS Interim Report Q3 2011 Profit and loss account Notes 30/9-11 30/9-10 31/12-10 Interest
More informationBN Boligkreditt AS. INTERIM REPORT 4th QUARTER 2011
BN Boligkreditt AS INTERIM REPORT 4th QUARTER 2011 Content Summary of results for Q4 2011...3 Financial Ratios...4 Directors Report...5 Income Statement...7 Balance Sheet...8 Statement of Changes in Equity...9
More informationSparebanken Vest Boligkreditt AS
EIENDOMSMEGLER VEST FRENDE FORSIKRING NORNE SECURITIES KYTE NÆRINGSMEGLING Sparebanken Vest Boligkreditt AS Interim Report Q3 2010 Profit and loss account Notes - 30/09-10 - 30/09-09 3. Q 2010 3. Q 2009
More information2015 ANNUAL REPORT 1
2015 ANNUAL REPORT 1 Contents 3 Report from the Board of Directors 6 Income statement 7 Other comprehensive income 8 Balance sheet 9 Cash flow statement 10 Equity statement 11 Notes 30 Declaration from
More informationSparebanken Sør Boligkreditt AS Q2 2017
Sparebanken Sør Boligkreditt AS Q2 2017 Sparebanken Sør Business Sparebanken Sør is an independent financial group with activities within banking, securities and real estate Balance The sixth largest
More informationLofoten, Norway. Boligkreditt
Lofoten, Norway Boligkreditt 1st Quarterly Report 2017 Table of contents Report of the Board of Directors... 4 Cover pool and outstanding covered bonds... 4 Key figures... 4 Key developments... 4 Nature
More informationQuarterly report. 4th quarter 2014
Quarterly report 4th quarter Annual accounts Directors Report Fourth Quarter 2 / 12 Nature of the business SSB Boligkreditt is the funding company of the Sandnes Sparebank Group, for the issue of covered
More informationSparebanken Sør Boligkreditt AS Q3 2017
Sparebanken Sør Boligkreditt AS Q3 2017 Sparebanken Sør Business Sparebanken Sør is an independent financial group with activities within banking, securities and real estate Balance The sixth largest
More informationInterim Report 2 nd quarter 2013 Nordea Eiendomskreditt AS
Interim Report 2 nd quarter 2013 Nordea Eiendomskreditt AS Nordea Eiendomskreditt AS is part of the Nordea Group. Nordea s vision is to be a Great European bank, acknowledged for its people, creating superior
More informationInterim Financial Statements Q3 2018
Interim Financial Statements Q3 2018 Key figures... 3 Report of the Board of Directors... 4 Income Statement... 17 Balance Sheet... 18 Statement of Changes in Equity... 19 Cash Flow Statement... 20 Notes
More informationBN Bank ASA INTERIM REPORT 3TRD QUARTER 2013
BN Bank ASA INTERIM REPORT 3TRD QUARTER 2013 Innhold Financial Ratios... 3 Report of the Directors... 4 GROUP Consolidated Income Statement... 8 Consolidated Balance Sheet... 9 Statement of Changes in
More informationBoligkreditt 1st Quarterly Report 2018
Boligkreditt 1st Quarterly Report 2018 Table of contents Report of the Board of Directors... 4 Cover pool and outstanding covered bonds... 4 Key figures... 4 Key developments... 4 Nature and development
More informationThird quarter (Unaudited) Skandiabanken Boligkreditt AS
Q3 Third quarter 2017 (Unaudited) Skandiabanken Boligkreditt AS Key figures In NOK thousand Reference Jan- Sep 17 Jan- Sep 16 2016 Summary of income statement Net interest income 136 708 93 957 121 141
More informationHelgeland Boligkreditt AS, Third quarter Cover pool ratio of fullness 19 (23)% Indexed LTV 54 (52)%
0 1 Helgeland Boligkreditt AS, Third quarter 2017. General information Helgeland Boligkreditt AS was established in November 2008 and is a fully-owned subsidiary of Helgeland Sparebank. The company is
More informationR E P O R T O F T H E B O A R D O F D I R E C T O R S
1 R E P O R T O F T H E B O A R D O F D I R E C T O R S Helgeland Boligkreditt AS, accounts as at 31.12.2010. (NOK 2.1 million). The increase is because the fee is calculated on the basis of the portfolio
More informationNet interest income Profit before tax Profit for the period
About KBN Established by an act of Parliament in 1926 as a state administrative body called Norges Kommunalbank, Kommunalbanken AS (KBN) gained its current status and structure through a conversion act
More informationSecond quarter (Unaudited) Sbanken Boligkreditt AS
Q2 Second quarter 2018 (Unaudited) Sbanken Boligkreditt AS Key figures In NOK thousand Reference Jan - Jun 18 Jan - Jun 17 2017 Summary of income statement Net interest income 130 836 80 366 206 181 Net
More informationInterim report Q KLP Banken AS Group
Interim report Q4 2012 KLP Banken AS Group Contents KLP Banken AS Group Interim financial statement 4/2012 3-4 Income statement 5 Financial position statement 6 Statement of owners equity 7 Statement of
More informationContents. 2nd quarter 2013
Contents Main figures... 3 Report of the Board of Directors... 5 Income statement... 18 Balance sheet... 20 Cash flow statement... 21 Change in equity... 22 Equity capital certificate ratio... 24 Results
More informationHelgeland Boligkreditt AS, Interim report 4th quarter of 2014
0 Helgeland Boligkreditt AS, Interim report 4th quarter of 2014 General information Helgeland Boligkreditt AS was established in 2008 and is a fully owned subsidiary of Helgeland Sparebank. The company
More informationHelgeland Boligkreditt AS, Preliminary accounts 1 st quarter 2018.
0 1 Helgeland Boligkreditt AS, Preliminary accounts 1 st quarter 2018. General information Helgeland Boligkreditt AS was established in November 2008 and is a fully-owned subsidiary of Helgeland Sparebank.
More informationHelgeland Sparebank, Accounts for the 1 st half-year and 2 nd quarter of 2011
0 Helgeland Sparebank, Accounts for the 1 st half-year and 2 nd quarter of 2011 The Helgeland Sparebank, All figures concern the Helgeland Sparebank. The ownership relationship to subsidiaries and associated
More informationFourth quarter report 2017 SPAREBANK 1 ØSTLANDET
Fourth quarter report 2017 SPAREBANK 1 ØSTLANDET Content Key figures Group... 2 Report of the Board of Directors... 3 Income statement... 10 Balance sheet... 11 Changes in equity capital... 12 Cash Flow
More informationInterim report Q2 2015
Interim report Q2 2015 INCOME STATEMENT BALANCE SHEET NOTES TO THE ACCOUNTS Contents KLP Banken AS Group Interim financial statements 2/2015 3 Income statement 6 Balance sheet 7 Statement of changes in
More informationDNB BOLIGKREDITT AS. a company in the DNB Group. Third quarter report 2015 (Unaudited)
Q3 DNB BOLIGKREDITT AS a company in the DNB Group Third quarter report 2015 (Unaudited) Financial highlights Comprehensive income statement 3rd quarter 3rd quarter January-September Full year Amounts in
More informationInterim report Q KLP Banken AS Group
Interim report Q4 2011 KLP Banken AS Group Contents KLP Banken AS Group Income statement 3 Financial position statement 4 Statement of cash flows 5 Statement of owners equity 6 Notes to the accounts 7
More informationJanuary September 2012
January About KBN Established by an act of Parliament in 1926 as a state administrative body called Norges Kommunalbank, Kommunalbanken AS (KBN) gained its current status and structure through a conversion
More informationContents. 1st Quarter 2012
Contents Main figures... 3 Report of the Board of Directors... 5 Income statement... 16 Balance sheet... 18 Cash flow statement... 19 Change in equity... 20 Equity capital certificate ratio... 23 Results
More informationSecond quarter and first half-year Sparebanken Vest Group. CEO Stein Klakegg 19 August 2010
Second quarter and first half-year 2010 Sparebanken Vest Group CEO Stein Klakegg 19 August 2010 1 Western Norway's leading finance company Committed and independent bank for individuals and businesses
More informationANNUAL REPORT
ANNUAL REPORT 2017 1 Annual accounts Contents Report of the Board of Directors 3 Income statement 8 Balance sheet 9 Statement in changes of equity 10 Statement of cash flow 10 Page Notes to the Accounts
More information