Interim report
Q3 2012
CONTENTS
Introduction
Financial development
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tables
Introduction
• Information about Sparebanken Sogn og Fjordane
• Highlights 30.09.2012
Financial development
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
Introduction
SPAREBANKEN SOGN OG FJORDANE
 The largest bank in the county of Sogn og Fjordane
 Total assets of NOK 36,3 billion
 Merchant bank oriented towards the retail- and corporate banking
market
 21 sales offices in the county of Sogn og Fjordane and one sales office in
Bergen
 18 ”bank in grocery store” agreements in Sogn og Fjordane
 269 full-time employees
 Active contributor to the local communities in the county
MARKET LEADER

SSF is the largest
bank in the county
with 21 offices and
18 “bank in grocery
stores”

The biggest
competitor is
Sparebanken Vest
with 10 branches

Three large national
banks and four small
saving banks are
located in the county
Introduction
HIGHLIGHTS 30.09.2012
• Pre-tax profit of NOK 345 million (129 million)
• Comprehensive income of NOK 252 million (102 million)
• Net interest income rose by 12.6 %
• Operating expenses reduced by 7,5 %
• Impairment charge of NOK 33 million (85 million)
• Annualized return on equity of 13.9 % (5,7%).
The figures in the brackets are the figures for the same period last year
Introduction
Financial development
• Development
• Key figures
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
Financial development
PROFITS
Profit after taxation
Comprehensive income
248
252
166
142
221
209
102
50
0
The figure illustrates the profit after tax and comprehensive income for the Group (NOK million)
77
52
67
100
117
113
150
164
164
200
151
151
250
131
163
221
214
300
Financial development
PROFITS
Profit after taxation
450
377
411
Profit before impairment charge
215
50
0
The figure illustrates the profit before impairment charge and the profit after tax
(NOK million) for the Group .
77
166
131
52
100
116
200
150
248
287
269
263
221
250
221
300
276
350
320
400
PROFITS
0,20 %
0,00 %
0,93 %
1,41 %
0,31 %
0,85 %
0,75 %
1,45 %
1,37 %
0,15 %
0,40 %
0,48 %
0,60 %
0,48 %
1,00 %
0,80 %
Profit after taxation
0,84 %
1,20 %
0,73 %
1,40 %
0,98 %
1,60 %
1,09 %
1,80 %
1,34 %
1,07 %
Profit before impairment charge
Financial development
-0,40 %
-0,60 %
0,35 %
0,95 %
0,82 %
0,96 %
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
-0,20 %
-0,42 %
-60
0,00 %
-36
-40
0,10 %
8
0,20 %
0
-20
0,22 %
18
20
0,55 %
85
0,40 %
25
40
0,60 %
43
60
1,00 %
0,80 %
56
80
73
76
100
0,77 %
1,20 %
94
120
1,06 %
PROFITS QUARTERLY
The figures illustrate the quarterly development in total comprehensive income for the Group. The figures are in NOK million and as a
percentage of average total assets annualized.
Financial development
PROFITS FROM CORE BUSINESS
Basic operation (before loan impairment charge)
Basic operation (after loan impairment charge)
81
43
44
56
64
71
Ex. dividends and changes in values of financial instruments
Q3.12
Q2.12.
Q1.12
11
Q4.-4
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
-20
Q1. 10
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
0
Q3. 10
0
Q2. 10
20
Q1. 10
20
27
40
40
Q3. 11
60
68
80
97
80
60
99
91
120
100
86
88
73
80
75
76
100
83
92
108
120
120
140
Financial development
RETURN ON EQUITY
4,0 %
13,8 %
2,0 %
0,0 %
The figure illustrates return on equity after tax and return on equity after tax incl. result from longterm shareholdings available for sale for the Group.
5,7 %
4,3 %
9,1 %
10,6 %
2,2 %
6,0 %
2,8 %
9,9 %
10,4 %
8,5 %
6,2 %
8,0 %
6,4 %
10,0 %
6,8 %
12,0 %
11,2 %
14,0 %
13,5 %
16,0 %
13,9 %
Return on equity (total)
Return on equity after taxation
Introduction
Financial development
Income
• Net interest income
• Other operating income
• Total income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
Income
1,50 %
1,69 %
1,59 %
1,76 %
1,59 %
1,75 %
2,10 %
2,00 %
1,72 %
2,00 %
2,05 %
2,50 %
2,28 %
NET INTEREST INCOME

Net interest income is
NOK 454 million, 51
NOK million higher
than at Q3 2011

As a percentage of
average total assets
this is 0.10
percentage points
higher than Q3 2011

The increase in net
interest as a
percentage of average
total assets is mainly
due to higher margins
against customers.
1,00 %
0,50 %
0,00 %
The figure illustrates the net interest income as a percent of average total assets for the
Group.
Income
NET INTEREST INCOME QUARTERLY
% OF AVG. TOTAL ASSETS
1,77
1,68
1,66
1,57
1,65
1,56
1,70
1,62
200
1,76
1,80
1,73
1,90
1,85
2,00
NOK MILL.
180
160
140
136
146
148
160
Q4. 11
Q1. 12
Q2. 12
Q3. 12
1,00
140
20
Q3. 11
1,10
130
40
Q2. 11
1,20
133
60
Q1. 11
1,30
137
80
Q4. 10
1,40
135
100
Q3. 10
1,50
124
120
Q2. 10
1,60
The figure illustrates the quarterly development of net interest in NOK million and in
percent of average total assets for the Group
0
Income
0,30 %
0,20 %
0,10 %
0,00 %
The figure illustrates the development of other operating income (excl. dividend and value
changes in financial instruments ) as a percentage of average total assets for the Group.
Quarterly figures are annualized.
0,35 %
0,39 %
0,40 %
0,41 %
0,39 %
0,40 %
0,42 %
0,50 %
0,48 %
0,60 %
0,52 %
OTHER OPERATING INCOME

Other operating
income of NOK 94
million

NOK 4 million lower
than same period last
year

The reduction is due
to lower value of
services provided to
Gjensidige Bank
Income
25
0,37 %
0,38 %
0,31 %
0,39 %
0,41 %
0,40 %
0,45 %
Q4. 10
28
0,40 %
0,38 %
0,44 %
0,40 %
Q2. 10
Q3. 10
0,40 %
33
33
34
34
33
30
29
28
32
35
30
0,50 %
35
40
Q1. 10
OTHER OPERATING INCOME QUARTERLY
0,30 %
20
0,20 %
15
10
0,10 %
5
The figures illustrate the quarterly development of other operating income for the Group (excl. dividend and changes in values on financial
instruments). The figures are in NOK million and are also shown as a percentage of average total assets (annualized)
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
0,00 %
Q1. 10
0
Income
TOTAL INCOME
Net interest income
800
702
700
600
500
549
581
74
122
599
176
Total
Other income
111
127
479
480
89
77
390
403
168
200
506
472
526

The increase mainly is
due to gain from
financial instruments
and higher net interest
income
622
300
427
Total income at Q3
2012 is NOK 142
million higher than at
Q3 2011
650
400
100

539
454
0
The figure illustrates the development in total income (net interest + net other income)
for the Group .
Income
2,43 %
2,01 %
2,58 %
1,96 %
1,97 %
Q2. 11
0,02
1,86 %
1,99 %
Q1. 11
2,55 %
Q3. 10
2,32 %
2,60 %
Q2. 10
0,03
0,025
177
171
158
164
158
181
186
200
187
250
217
227
TOTAL INCOME QUARTERLY
150
0,015
100
0,01
50
0,005
0
The figures illustrate the development in total income for the Group. The figures are presented in NOK million and as a percentage of average
total assets (annualized)
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q4. 10
År
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
0
Introduction
Financial development
Income
Expenses
• Operating expenses
• Total assets and employees
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
Expenses
0,80 %
0,60 %
0,40 %
0,20 %
0,00 %
The figure illustrates the development in total operating expenses as a percentage of average total
assets for the Group. The green pillars are adjusted for the transfer of liability for the AFP early
retirement scheme
0,91 %
1,04 %
1,07 %
1,07 %
1,12 %
1,20 %
0,91 %
1,00 %
0,97 %
1,20 %
1,32 %
1,40 %
1,32 %
1,60 %
1,41 %
1,80 %
1,61 %
OPERATING EXPENSES

At Qhe expenses
are reduced by
NOK 20 million or
7,5% compared to
the equivalent
period last year

Strong focus on
cutting costs has
been effective
Expenses
OPERATING EXPENSES AS A % OF INCOME
60,0 %
50,0 %
54,6 %55,1 %
49,7 %
55,9 %
48,2 %
41,4 %
40,0 %
55,0 %
45,6 %
38,5 %
39,4 %

At Q3 2012 the total
operating expenses as a
percentage of total
income is reduced by
15,6 percentage points
compared to Q3 2011.

The change is due to a
strong increase in the
gain from financial
instruments, increase in
net interest income and a
reduction in the
expenses.
30,0 %
20,0 %
10,0 %
0,0 %
The figure illustrates the development in total operating expenses as a percentage of average total
assets for the Group. The green pillars are adjusted for the transfer of liability for the AFP early
retirement scheme
Expenses
49
0,80 %
0,81 %
0,99 %
1,14 %
1,02 %
1,07 %
1,03 %
1,07 %
0,60 %
40
The figures illustrate the quarterly development in operating expenses for the Group. Figures are presented in NOK million and as a
percentage of average total assets (annualized)
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
0,00 %
Q3. 10
0
Q2. 10
0,20 %
Q1. 10
20
Q2. 10
0,40 %
Q1.10
60
0,95 %
1,00 %
0,70 %
84
88
86
89
73
80
1,20 %
75
77
90
100
89
99
1,40 %
1,12 %
120
1,15 %
OPERATING EXPENSES QUARTERLY
Expenses
TOTAL ASSETS AND EMPLOYEES
Number
employed
Bank total assets
297
279
269
30
269
35
304
350
298
40
25
300
250
20
200
15
10
150
0
36
35
33
28
27
23
5
100
The figure illustrates the development in total assets (pillars) and number of full time employees (points) for the Group
Introduction
Financial development
Income
Expenses
Loan impairment charge and loans in default
• Loan impairment charge
• Loans in default
Deposits, loans and balance sheet
Summary and prospects
Tabels
Loan impairment charge
and loans in default
LOAN IMPAIRMENT CHARGE
33
59
80
100
85
150
90
130
163
200
50
-31
-34
-50
-29
0
The figure illustrates the development in recoveries (-)/ impairment charge(+) on loans
and guarantees for the Group.
Loan impairment charge
and loans in default
0,28 %
0,10 %
0,20 %
0,32 %
0,40 %
0,45 %
0,25 %
0,60 %
0,32 %
0,80 %
0,53 %
LOAN IMPAIRMENT CHARGE
-0,20 %
-0,40 %
-0,20 %
-0,20 %
-0,15 %
0,00 %
-0,60 %
The figure illustrates the development in recoveries(-) /impairment charge on loans and guarantees as a
percentage of gross loans for the Group. Numbers in % are not annualized.
1,00 %
0,23 %
0,11 %
Q2. 10
6
10
5
7
0,20 %
0,10 %
0,30 %
Q1.10
21
17
20
0,10 %
Q3.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q3.12
Q2.12.
Q1.12
Q4. 11
Q3. 11
Q2. 11
Q1. 11
Q4. 10
Q3. 10
Q2. 10
0,00 %
Q1.10
0
0,06 %
28
28
0,40 %
0,20 %
0,50 %
33
40
0,38 %
39
0,60 %
0,09 %
50
0,50 %
0,70 %
Q2.12.
61
0,80 %
60
30
0,72 %
0,90 %
70
0,06 %
80
Q1.12
75
LOAN IMPAIRMENT CHARGE
QUARTERLY
0,86 %
Loan impairment charge
and loans in default
The figures illustrate the quarterly development in impairment charge on loans and guarantees (including net profit realised on the sale of
fixed assets) for the Group. Figures are presented in NOK million and as a percentage of average total assets and are annualized.
Loan impairment charge
and loans in default
LOANS IN DEFAULT
RM
CM
TOTAL
4,00 %
3,51 %
3,50 %
3,27 %
3,00 %
3,31 %
3,32 %
1,17 %
1,24 %
1,27 %
0,33 %
0,26 %
0,21 %
0,24 %
Q4. 11
Q1. 12
Q2. 12
Q3.12
3,19 %
2,66 %
2,78 %
3,07 %
2,75 %
2,50 %
2,00 %
1,73 %
1,57 %
1,50 %
1,56 %
1,25 %
1,31 %
0,89 %
1,00 %
0,50 %
1,31 %
1,28 %
0,37 %
0,37 %
0,41 %
Q2. 10
Q3. 10
Q4. 10
0,46 %
0,43 %
0,51 %
0,00 %
Q1. 11
Q2. 11
Q3. 11
The figure illustrates the quarterly development in loans in default (more than 90 days)
as a percentage of gross loans to the respective sectors (RM and CM/PS/FS)
Deposits, loans and balance sheet
IMPAIRMENT PROVISIONS
Individually assessed impairment provisions
350
Collectively impairment provisions

319
300
244
250
189
200
94
79
256
252
87
92
169
160
145
150
77
57
100
50
88
112
165
225
0
The figure illustrates the development in total individually assessed impairment provisions and collectively assessed impairment
provisions (NOK million). Collectively assessed provisions are estimated using a model that takes into account the quality, size
and composition of the loan portfolio
Almost unchanged
provisions at Q3.12
compared to Q4.11
Introduction
Financial development
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
• Balance sheet
• Deposits and loans
• Funding
Summary and future prospects
Tabels
Financial development
20,0
15,8
36,3
34,4
22,5
25,0
18,8
30,0
27,9
26,7
35,0
31,9
32,8
40,0
35,2
TOTAL ASSETS 2005- 2012
15,0
10,0
5,0
0,0
2005 2006 2007 2008 2009 2010 2011
Q3.10 Q3.11 Q3.12

Total assets rose by
5,7 % compared to Q3
2011

The increase is mainly
due to growth in loans
to retail customers
BALANCE
Gross loans to customers
Q3.11
18,3
17,3
Q3.10
10,0
5,0
0,0
2007
2008
2009
2010
2011

Increase in gross
lending from Q3
2011 by NOK 2.0
billion

Increase in
deposits from Q3
2011 by NOK 1.0
billion
32,1
30,1
16,8
17,8
16,8
14,1
13,3
12,0
20,0
15,0
28,1
28,9
20,3
23,8
25,1
30,0
25,0
30,5
35,0
Deposits from customers
The figure shows the 12 months development of gross loans and deposits for the Group (NOK
billion)
Q3.12
Deposits, loans and balance sheet
BALANCE - GROWTH
Loans
Deposits
6,5 %
5,9 %
7,1 %
9,8 %
14,6 %
12,4 %
17,6 %
15,1 %
18,6 %
5,8 %
6,2 %
10,0 %
5,2 %
6,2 %
15,0 %
10,6 %
20,0 %
19,4 %
17,0 %
25,0 %
5,0 %
0,0 %
2007 2008 2009 2010 2011
Q3.10 Q3.11 Q3.12
The figure illustrates the yearly growth in total assets, net loans and deposits for the Group
Deposits, loans and balance sheet
LOANS TO CUSTOMERS
Q3.2010
Q3.2011
Q3.2012

Gross loans increased by
NOK 2.0 billion from Q3 2011
which equals an increase of
6,5 %

Increase in the RM by almost
NOK 2,0 billion or 9,8%

Increase in loans to
CM/PS/FS almost the same
5,0
10,4
10,7
10,0
10,4
15,0
19,8
17,5
20,0
21,7
30,1
25,0
28,1
30,0
32,1
35,0
0,0
Gross loans
RM
CM/PS/FS
The figure illustrates the development in loans to the RM, CM/PS/FS. (Figures in NOK
billion)
Deposits, loans and balance sheet
LOANS BY SECTOR
30.09.2011
30.09.2012
32 %
34 %
66 %
RM
CM/PS/FS
The figures illustrate the distribution of gross loans to the RM (retail market), CM/PS/FS
(corporate market, public secor, financial sector)
68 %
RM
CM/PS/FS
Deposits, loans and balance sheet
DEPOSITS FROM CUSTOMERS
18,3
Q3.2012
6,5
10,0
8,0
6,0
4,0
2,0
0,0
Total deposits
RM
CM/PS/FS
The figure illustrates the development in deposits from the RM and CM/PS/FS (NOK
billion)
7,3
9,2
12,0
10,1
14,0
7,2
16,0
Q3.2011

Deposits grew by NOK 1.0
billion from Q3 2011
equivalent to an increase of
5.9%

Increase in the RM rose by
9,1%

Increase in deposits from the
CM/PS/FIN rose by 1.5%
11,0
18,0
15,7
20,0
17,3
Q3.2010
Deposits, loans and balance sheet
DEPOSITS BY SECTOR
30.09.2011
30.09.2012
40 %
42 %
58 %
RM
CM/PS/FS
The figures illustrate the deposits by sector as a percentage of total deposits
60 %
RM
CM/PS/FS
Deposits, loans and balance sheet
DEPOSITS VS GROSS LENDING
58,0 %
63,8 %
58,2 %
69,4 %
55,9 %
60,5 %
57,3 %
65,8 %
57,0 %
59,3 %
59,3 %
60,0 %
73,3 %
56,3 %
59,7 %
2008
2009
2010
2011
Q3.10
Q3.11
Q3.12
80,0 %
70,0 %
Deposits vs. lending (Mother)
55,8 %
55,8 %
Deposits vs. lending (Group)
50,0 %
40,0 %
30,0 %
20,0 %
10,0 %
0,0 %
2007
The figure illustrates deposits from customers as a percentage of gross lending both for the Group and for the mother bank
(mother bank is excl. Bustadkreditt Sogn og Fjordane AS which was made operative with residental mortgage loans in 2009)
Deposits, loans and balance sheet
EQUITY AND CORE CAPITAL
Equity (NOK mill.)
Core capital ratio (%)
3.000
12,1 %
11,3 %
10,5 %
2.500
12,8 %
12,8 %
14,00 %
12,0 %
10,8 %
10,4 %

The core capital ratio
includes in addition to
booked equity, also
hybrid capital of NOK
313 million at Q3 2012.

The result for 2012 is
not included in the core
capital ratio

Included the result for
2012 and after
deduction of estimated
dividend for 2012, the
core capital ratio
was14,9% at Q3 2012
12,00 %
10,00 %
2.000
8,00 %
1.500
6,00 %
1.000
2.641
2.446
2.315
2.410
2.381
2.077
1.928
1.835
500
4,00 %
The figure illustrates the development in equity (pillars) and core capital ratio (points)
for the Group
Q3. 12
Q3. 11
Q3. 10
2011
2010
2009
2008
0,00 %
2007
0
2,00 %
Deposits, loans and balance sheet
CAPITAL ADEQUACY RATIO
16,0 %
13,8 %
14,0 %
12,9 %
11,9 %
12,0 %
1,0 %
10,5 %
1,1 %
1,0 %
13,6 %
1,1 %
1,0 %
1,0 %
1,5 %
1,5 %
1,5 %
8,0 %
Hybrid capital
Core tier 1 capital
6,0 %
Sum
11,2 %
11,4 %
10,9 %
2011
10,9 %
10,8 %
2010
11,1 %
10,5 %
4,0 %
2009

Included the result for
2012 and after
deduction of
estimated dividend
for 2012, the capital
adequacy ratio was
14.9% at Q3 2012
1,5 %
Subordinated debt
2008
The result for the
period is not included
in the capital
adequacy ratio at Q3
2012
1,0 %
10,0 %
2,0 %

13,4 % 13,9 %
0,0 %
Q1 .12 Q2.12 Q3.12
The figure illustrates the development in the capital adequacy ratio for the Group.
Deposits, loans and balance sheet
MATURITY STRUCTURE OF FUNDING
The figure illustrates the maturity structure for the different sources of funding. (NOK million)
Deposits, loans and balance sheet
LIQUIDITY BUFFER

The figure illustrates the liquidity buffer given no new funding and given growth in customer deposits and loans to
customers according to budget/projections
At 30.09.2012, the
Group had a liquidity
buffer of NOK 3.8
billion in short term
deposits with Norges
Bank and other banks
and in marketable
bonds and certificates
Introduction
Financial development
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
SUMMARY AND FUTURE PROSPECTS
 The profit for the first nine months of 2012 is substantially better than
for the same period last year
 The change in the profit is due to:
 Strong growth in the net interest income
 Gain from financial instruments
 Cost-saving measures have given effect
 Lower loan impairment charge
 Positive development in capital adequacy ratio
 Very satisfied with the performance in the first nine month of 2012
 Expecting a satisfactory result for the rest of 2012
Introduction
Financial development
Income
Expenses
Loan impairment charge and loans in default
Deposits, loans and balance sheet
Summary and future prospects
Tabels
Financial development
KEY FIGURES PROFIT AND LOSS ACCOUNT
(Amounts in NOK million, consolidated)
PROFIT AND LOSS ACCOUNT
Net interest income
Dividends and changes in the value of financial instruments
Other operating income
Operating expenses
Profit before impairment charge (incl. securities)
Net profit realised on the sale of fixed assets
Loan impairment charge
Profit/loss before tax
Tax expense
Profit/loss after tax on operation and assets held for sale
Profit/loss after taxation
Gain/loss on financial assets available for sale
Comprehensive income
30.09.2012 30.09.2011 31.12.2011
454
403
539
74
-21
-20
94
98
131
-245
-265
-363
377
215
287
1
-1
2
33
85
163
345
129
126
97
36
39
0
-16
-34
248
77
52
3
25
14
252
102
67
Financial development
KEY FIGURES BALANCE SHEET
(Amounts in NOK million, consolidated)
BALANCE SHEET
30.09.2012 30.09.2011 31.12.2011
Loans and advances to credit institutions
42
103
272
Gross loans and advances to customers
32.096
30.136
30.547
Individually assessed impairment provisions
160
104
164
Collectively assessed impairment provisions
92
105
87
Security placements
3.754
3.567
3.852
Debt to credit institutions
1.260
2.189
1.824
Deposits from and debt to customers
18.304
17.280
17.789
Debt securities
12.698
11.186
12.204
Equity
2.641
2.446
2.410
Total assets
36.335
34.389
35.223
Average total assets
35.763
33.745
33.955
Financial development
KEY FIGURES
KEY FIGURES
30.09.2012 30.09.2011 31.12.2011
Profitability
Net interest rate as a % of average total assets
Other operating income as a % of average total assets
Operating expenses as a % of average total assets
Oper. exp. as a % of oper. income excl. inc. from fin. instr.
Oper. exp. as a % of oper. income incl. income from fin. instr.
Profit before impairment charge as a % of average total assets
Profit before tax as a % of average total assets
Profit after tax as a % of average total assets
Return on equity before tax
Return on equity after tax
Return on equity after tax incl. gain/loss on fin. assets available for sale
1,69 %
0,35 %
0,91 %
44,67 %
39,37 %
1,41 %
1,29 %
0,93 %
19,09 %
13,75 %
13,92 %
1,59 %
0,39 %
1,04 %
52,69 %
55,00 %
0,85 %
0,51 %
0,31 %
7,22 %
4,31 %
5,71 %
1,59 %
0,39 %
1,07 %
54,23 %
55,90 %
0,84 %
0,37 %
0,15 %
5,24 %
2,17 %
2,80 %
Financial development
BASIC OPERATIONS
MNOK
Q3.10
Q4.10
Net interest incom
135
138
133
130
Commision income
Other income
Operating expences
17
15
75
18
17
90
21
10
89
Basic operations before imp. charge
92
83
Loan impaiment charge
28
Basic operations after imp. charge
64
Ex. dividends and changes in values of financial instruments
Q1.11 Q2.11 Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
140
136
146
148
160
20
12
89
21
13
86
22
12
99
21
7
88
21
12
84
24
9
73
75
73
88
71
86
97
120
39
7
17
61
75
5
6
21
44
68
56
27
-4
81
91
99