billion, or 63.8 %, with an increase of 1.1 percentage point over the past 12 months.

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2 Helgeland Sparebank, 1st Quarter 2008 The Highlights (comparative figures for Q1 2007) Pre-tax profit NOK 41 (83) million Net interest income 2.24 % (2.30 %) Return on equity 8.5 % (13.5 %) Result per PCC NOK 3.7 (9.9) Cost-income ratio 49.8 % (55 %) Losses on loans, guarantees, etc. NOK 2 (4) million 12-month growth in lending 11.8 % (8.9 %) 12-month growth in deposits 4.8 % (11.4 %) Deposit-to-loan ratio 60.4 % (64.6 %) Results The reports good profitability in the Bank s basic operations. The posted a pre-tax profit of NOK 41 million for the first quarter. Compared with the figures for first-quarter 2007, profit is down by NOK 42 million. The first-quarter 2007 result was, however, unusual owing to a considerable capital gain on the sale of shares totalling NOK 44 million. The result of basic operations for the first quarter 2008 was NOK 8 million better than for the first quarter In the first quarter 2008, the Bank charged to expense unrealised losses on the securities portfolio amounting in all to NOK 6.4 million. Net profit after tax totalled NOK 29 million, giving a return on equity of 8.5 %. Net interest income Net income from interest and credit commissions totalled NOK 81 million. Net interest income as a percentage of average total assets was 2.24 % at 31 March, compared with 2.30 % at 31 March A decrease in net interest income is expected following pressure on lending margins over time, as well as a slight increase in the Bank s borrowing costs. The Bank s net interest income is still high, and still approximately 0.35 percentage points higher than the average for Norwegian savings banks. Net income from credit commissions Net income from credit commissions totalled NOK 18 million for the first quarter, having risen by NOK 1 million compared with the same period last year. Net commission income as a percentage of average total assets was 0.49 %, compared with 0.53 % for the first quarter The income has not risen at the same rate as the Bank s growth in balance sheet assets. At the end of 2007, the changed its supplier of life insurance products from Gjensidige to Frende. The sale of Frende life insurance products is in full swing, although the change of supplier will result in slightly lower income during this transitional phase. This income is expected to normalise over time. Net change in value of and gain/loss on financial investments A decrease in income from financial investments compared with the same period of 2007 is related to a considerable capital gain on the sale of shares in the first quarter The Bank does not expect to see income of the same order of magnitude this year, and so income from financial investments will be considerably lower in Write-downs in the securities portfolio amounting to NOK 6.4 million were recognised in the profit and loss account for the first quarter These are unrealised losses, as a result of increased credit spreads and a fall in market values. Other operating income Other operating income for the first quarter amounts to NOK 1 million, and is down by NOK 2 million on the first quarter last year. The decrease is related in its entirety to a capital gain on the sale of land in Operating expenses The Bank has despite its growth managed to reduce its operating expenses. Total operating expenses were NOK 50 million, which is NOK 1 million down on the first quarter The cut its cost ratio and has a positive cost trend. Total operating expenses as a percentage of income (excluding foreign exchange gains) were 49.8 %, while operating expenses as a percentage of average total assets were 1.37 %, compared with 1.61 % for the same period last year. Impairment losses and non-performing loans Impairment losses on loans and guarantees totalling NOK 2 million were charged as expense, which is NOK 2 million less than for the first quarter The had an increase in net non-performing loans and doubtful commitments during the quarter, the increase being chiefly in business loans. Compared with the same period last year, the business loan portfolio, broken down into classes of risk, shows a decrease in the proportion of commitments classified as high risk and an increase in those classified as low and medium risk. Taxation A tax charge of 28 % has been booked, totalling NOK 12 million. Wealth tax has been reclassified and is included as part of operating expenses. Balance sheet development Total assets have increased by NOK 195 million since year-end 2007, and now amount to NOK 14.5 billion. Lending Gross lending totalled NOK 13.1 billion at the end of the quarter. There is still good growth in the Bank s lending business, mainly to personal customers. Lending has increased in the past 12 months by NOK 1,380 million, or 11.8 %. Of this, growth in lending to personal customers was 13.8 %, while growth in lending to business customers was 8.5 %. Overall growth in lending in the first quarter 2008 was NOK 277 million, or 2.2 %. The share of lending to personal customers was NOK 8.3 1

3 billion, or 63.8 %, with an increase of 1.1 percentage point over the past 12 months. Guarantees Guarantees provided to customers have remained unchanged since year-end 2007, and now stand at NOK 588 million. Guarantees were down by NOK 38 million from the first quarter Customer deposits Customer deposits have increased by NOK 361 million, or 4.8 %, since 31 March Deposits from personal customers rose by 10.4 %, while deposits from business customers fell by 3.9 %. At the end of the first quarter 2008, aggregate customer deposits totalled NOK 7.9 billion, of which NOK 5.0 billion, or 64.0 %, were deposits from personal customers. Customer deposits as a whole were 60.4 % of gross lending at 31 March Funding The credit crunch in the international credit markets persisted into the first quarter 2008, contributing to the poorer liquidity in the banking market. In particular, the market has been slightly more difficult as regards longerterm financing for more than 3 years. High money market interest rates and a marked increase in credit spreads on borrowing from the loan capital market have thus resulted in higher interest expenses. The Bank s liquidity situation is, however, considered satisfactory, and the proportion of long-term financing is well above our target figure of 70 %. Customer deposits are the Bank s most important source of funding and our deposit-to-loan ratio is over 60 %. Equity The s equity totals NOK 1,358 million. New capital requirement rules (Basel II) came into force on 1 January The Bank chose to apply a transitional rule and is reporting according to the new rules as of the first quarter 2008 inclusive. Calculations of the minimum capital requirement show that the has surplus capital totalling NOK 0.6 billion. The s net capital base at the end of the first quarter totalled NOK 1,367 million. Under the new calculation base, the s capital adequacy ratio is %, of which the tier 1 capital ratio is %. Primary Capital Certificates (PCCs) - HELG The Bank s primary capital totalling NOK 202 million is spread over approximately 2,280 PCC holders. A specification of the 20 largest PCC holders is provided in a note to the financial statements. The price of the Bank s PCC at 31 December 2007 was NOK 180. The Bank s PCC was quoted exclusive of dividend at 28 March, and at 31 March 2008 the price was NOK 167. The Bank has decided to carry out a scrip issue in lieu of dividend for 2007 and a scrip issue of PCCs aimed at staff. Scrip issue prices were set on 9 April at NOK 152 and NOK respectively. The result of the scrip issue in lieu of dividend was a subscription rate of 72.7 %, while for the scrip issue aimed at staff the rate was 60.0 %. Outlook There is still a good rate of activity in Helgeland, and there is a general shortage of labour. Construction and building activities are expected to fall slightly, while there are still good prospects for the region s fish farming industry, and also in agriculture, commercial property and the processing industry. House prices in Helgeland are expected to fall less than in central areas, as a result of a historically lower rate of growth in prices and lesser price fluctuations. As a result, the expects to see good growth in lending and a more moderate growth in deposits in The turbulence in the financial markets is expected to persist well into 2008 and to give rise to higher borrowing costs. The will maintain its cautious policy as regards securities, and value changes in financial investments are expected to reflect this. Helgeland Sparebank has joined with 12 other banks to establish a new full-service securities firm in Bergen. The savings and investment market is in a process of change and the new securities firm will be an important tool in the development of new services for the. In addition, the s part-ownership of the insurance company Frende Forsikring is expected gradually to yield revenues, both in the form of commission income and ownership yield. Mo i Rana, 31. mars 2008 Mo i Rana, 29. april 2007 Thore Michalsen Inger - Lise Pettersen Bjørn Johansen Chairman Marianne Myrnes Steinrud May Heimdal Staff's representative 2

4 Profit and loss account (Amounts in NOK million) Interest receivable and similar income Interest payable and similar costs Net interest- and credit commission income Commissions receivable and income from banking services Commissions payable and costs relating to banking services Net commission income Gains/losses on financial assets available for sale Other operating income Operating costs Losses on loans, guarantees etc Ordinary result Gains/losses from associated companies Result before tax Tax payable on ordinary result Result from ordinary operations after tax Profit and loss account items as a percentage of average assets ,04 5,47 6,94 Interest receivable and similar income 6,96 5,42 6,04 3,69 3,14 4,71 Interest payable and similar costs 4,72 3,12 3,70 2,35 2,33 2,23 Net interest- and credit commission income 2,24 2,30 2,34 0,64 0,65 0,59 Commissions receivable and income from banking services 0,59 0,64 0,64 0,11 0,11 0,10 Commissions payable and costs relating to banking services 0,10 0,11 0,11 0,53 0,54 0,49 Net commission income 0,49 0,53 0,53 0,24 1,08-0,18 Gains/losses on financial assets available for sale -0,20 0,99 0,23 0,03 0,01 0,01 Other operating income 0,02 0,09 0,05 1,51 1,59 1,37 Operating costs 1,37 1,61 1,54 0,09 0,13 0,07 Losses on loans, guarantees etc. 0,07 0,13 0,07 1,55 2,18 1,12 Ordinary result 1,11 2,17 1,54 0,04 0,00 0,00 Gains/losses from associated companies 0,01 0,48 0,27 1,59 2,18 1,12 Result before tax 1,12 2,65 1,81 0,40 0,36 0,32 Tax payable on ordinary result 0,32 0,37 0,38 1,19 1,82 0,80 Result from ordinary operations after tax 0,80 2,28 1,43 3

5 Balance sheet (Amounts in NOK million) ASSETS Cash and claims on central banks Loans to and claims on credit institutions Loans to and claims on customers Financial derivatives Certificates, bonds and shares available for sale Investments in associated companies Investments in subsidiaries Deferred tax benefit Fixed assets Other assets Total assets LIABILITIES AND EQUITY CAPITAL Liabilities to credit institutions Deposits from customers and liabilities to customers Borrowings through the issuance of securities Financial derivatives Other liabilities Subordinated loan capital Total liabilities Paid-in equity capital Accrued equity capital/retained earnings Profit after taxes Total equity capital Total liabilities and equity capital CASH FLOW STATEMENT Cash flow from lending operations (A) Cash flow from deposit operations ( B) Cash flow from securities investments (C) Cash flow from deposits with credit institutions ( D) Remaining cash flow from current operations ( E) Cash flow from operations (A+B+C+D+E=F) Cash flow from financing ( G ) Cash flow from investments in fixed assets ( H ) Change in liquid assets (F+G+H) Liquid assets at the start of the period Liquid assets at the end of the period Liquid assets consist of: Cash and claims on central bank Loans to and claims on credit institutions Certificates and bonds with fixed yield

6 Change in equity capital during the quarter review: Change in equity capital during the quarter review Parent Bank PCCcapital Premium Own Res. for valuation Savings Bank's Divid. Donat. Equal Other equity Fund PCCs variances Fund Fund Res. Dividendcapital Total Equity capital as at Value changes equity 1 1 Paid Profit after taxes Equity capital pr PCCcapital Premium Own Res. for valuation Savings Bank's Donat. Divid. Equal Fund PCCs variances Fund Fund Res. Dividend Total Equity capital as at Value changes equity Paid Profit after taxes 29 Equity capital pr

7 Notes review Note 1. Note 2. Note 3 Note 4. Note 5. Note 6. Note 7. Note 8. Note 9. Note 10. Note 11. Note 12. Note 13. Note 14. Note 15. Note 16. Note 17. Accounting principles Segment information Specification of total operating costs Losses on loans, guarantees etc. Profit per primary certificate Commitment and losses split by sector/industry Risk classification gross lending and Guarantees Bad and doubtful loans, guarantees, etc. Individual- and collective write-downs of loans and guarantees: Guarantee Financial derivatives Subsidiaries and associated companies Deposits from customers split by sector/industry Capital adequacy Equity capital Primary capital certificate - Helg Quarterly profit development and key figures 6

8 NOTE 1. ACCOUNTING PRINCIPLES The accounts have otherwise been prepared using the same accounting policies as the Bank's annual financial statements and in accordance with the NRS 11 standard for interim reporting. The consolidated accounts have been prepared according to IFRS; see otherwise comments with respect to IFRS in the annual report 2007 NOTE 2. SEGMENT The has defined its geographical segment as a main area of Norway Helgeland. The 's exposure to credit risk is mainly concentrated on this area. The only has smaller exposure to credit risk in areas other than its geographically defined main area.helgeland is the home region of the Parent Bank which is the 's operating company. The group has split the bank into two segments, corporate and retail banking. Geographical exposure within the loan portfolio was as follows: %-share %-share %- share %- share , ,3 Helgeland , , , ,6 Areas other than Helgeland , ,8 17 0,1 13 0,1 International 13 0,1 17 0, , Total Geographical exposure deposits from and liabilities to customers %-share %-share %-share %-share , ,8 Helgeland , , , ,5 Areas other than Helgeland 435 5, ,6 60 0,8 55 0,7 International 55 0,7 60 0, , Total The group has split the bank into two segments, corporate and retail banking Retail Corp. Not divided Total Segmentinformation Retail Corp. Not divided Total Net interest and credit commission income Net commission income Other operating income Operating costs Losses on loans guaranteed Result before tax Loans to and claims on customers Individual write-downs Collective write-downs on loans Other assets Total assts per segment Deposits from customers and liabilities to Other liabilities and equity Total liabilities and equity per segment

9 The group has split the bank into two segments, corporate and retail banking: Retail Corp. Not divided Total Segmentinformation Retail Corp. Not divided Total Net interest and credit commission income Net commission income Other operating income Operating costs Losses on loans guaranteed Result before tax Loans to and claims on customers Individual write-downs Collective write-downs on loans Other assets Total assts per segment Deposits from customers and liabilities to Other liabilities and equity Total liabilities and equity per segment NOTE 3. SPECIFICATION OF TOTAL OPERATING COSTS Specification of total operating costs: Wages, salaries and social costs General administration costs Depreciation etc of fixed- and intangible assets Other operating costs Total operating costs NOTE 4. LOSSES ON LOANS GUARANTEES, ETC Losses on loans, guarantees etc /- Period's change in individual write-downs Period's change in collective write-downs Period's conf. Losses against which ind. write-downs were made in prev. years Period's confirmed losses against which no individual writedowns were made in previous years Period's change in amortised cost Period's recoveries from previous periods confirmed losses Total losses on loans, guarantees etc NOTE 5. PROFIT PER PRIMARY CERTIFICATE Profit per primary certificate: Profit ,7 % 27,7 % 25,9 % PCC percentage 25,9 % 27,7 % 27,7 % 22,3 7,8 3,7 Yield per primary certificate 3,8 9,9 26,2 22,3 7,8 3,7 Diluted result per PCC in Norwegian currency 3,8 9,9 26,2 8

10 Corr.Capital PCC fraction IFRS just PCC capital Premium Fund Dividend equalisation reserve *) IFRS adjustment **) -1-1 Total PCC owners share of capital Corrected core capital PCC fraction 25,9 % The PCC holders' share (IFRS effect), borrowed from the Savings Bank's Fund, that is now charged to the equalisation reserve. **) The remainder that must be covered, borrowed from the Savings Bank's Fund, amounts to NOK 1,461,115. Profit IFRS parent bank and IFRS: Profit parent bank 28, Effect subsidiaries/assoc. Companies 0,3 30 IFRS changes group -0, Profit IFRS 29, NOTE 6. COMMITMENT AND LOSSES SPLIT BY SECTOR/INDUSTRY Gross loans %-stake Loss Defaults Gross loans %-stake Loss Defaults prov. prov. Municipalities and municipal enterp. 4 0, Agriculture and forestry 807 6, ,3 4 0 Fisheries and aquaculture 617 4, , Mining and industry 242 1, ,9 5 0 Building and construction 243 1, ,2 3 0 Trade, hotel, restaurants , , Property, property development , , Transport and services 598 4, , Retail market , , Total

11 COMMITMENT AND LOSSES SPLIT BY SECTOR/INDUSTRY Gross loans %-stake Loss Defaults Gross loans %- stake Loss Defaults prov. prov. Municipalities and municipal enterp. 4 0, Agriculture and forestry 807 6, ,3 4 0 Fisheries and aquaculture 617 4, , Mining and industry 242 1, ,9 5 0 Building and construction 243 1, ,2 3 0 Trade, hotel, restaurants , , Property, property development , , Transport and services 598 4, , Retail market , , Total , NOTE 7. RISK CLASSIFICATION Gross lending Guarantees Potential exposure Total exposure Share Corporate market: Regional model Low risk % Medium risk % High risk % Total corporate market % Retail banking market: Behavioural score Low risk % Medium risk % High risk % Total retail banking market % Grand total RISK CLASSIFICATION Gross lending Guarantees Potential exposure Total exposure Share Corporate market: Regional model Low risk % Medium risk % High risk % Total corporate market % Retail banking market: Behavioural score Low risk % Medium risk % High risk % Total retail banking market % Grand total

12 RISK CLASSIFICATION Gross lending Guarantees Potential exposure Total exposure Share Corporate market: Regional model Low risk % Medium risk % High risk % Total corporate market Retail banking market: Behavioural score Low risk % Medium risk % High risk % Total retail banking market % Total RISK CLASSIFICATION Gross lending Guarantees Potential exposure Total exposure Share Corporate market: Regional model Low risk % Medium risk % High risk % Total corporate market % Retail banking market: Behavioural score Low risk % Medium risk % High risk % Total retail banking market % Total NOTE 8. BAD AND DOUBTFUL LOANS (ink. guarantees) Loans, guarantees etc. in default Loss provisions for loans, guarantees etc. in default Total net loans, guarantees etc. in default Other bad and doubtful loans and guars., not in default Loss provisions for other bad and doubtful loans, guarantees etc., not in default Total net bad and doubtful comms., not in default

13 NOTE 9 INDIVIDUAL AND COLLECTIVE WRITE DOWNS OF LOANS AND GUARANTEES: Individual- and collective write-downs of loans and guarantees: Individual write-downs to cover losses on loans and guarantees as at Period s conf. losses, against which indi. Write-down was previously made Period s increased individual write-downs, against which write-down was previously made New individual write-downs during the period Period's change in amortised loans and credit Reversal of individual write-downs during the period = Total individual write-downs on loans *Of which individual write-downs on loans accounted for * Of which ind. write-downs on guars. Accounted for Collective write-downs: Collective write-downs to cover losses on loans at /- Period s change in collective write-downs Total collective write-downs NOTE 10. CONTINGENT OFF BALANCE SHEET COMMITMENTS n Guarantee obligations Write-downs on gurantee Net guarantee obligation NOTE 11. FINANCIAL DERIVATIVES AND GUARANTEES Nominal value Market value Nominal value Market value Interest rate swaps certificates and bonds Currency swaps Syndicated loans Interest rate swaps bank deposits with share yield 8 17 Interest rate swaps fixed interest rate loans Total financial derivatives Nominal value Market value Nominal value Market value Interest rate swaps certificates and bonds Currency swaps Syndicated loans Interest rate swaps bank deposits with share yield 8 17 Interest rate swaps fixed interest rate loans Total financial derivatives

14 NOTE 12. SUBSIDIARIES The Parent Bank's accounts have been presented and prepared in accordance with the requirements laid down by law and regulation governing savings banks in Norway. Subsidiaries where the ownership stake is more than 50 % are consolidated and substantial ownership interests have been included in the accounts using the equity method. Investment in subsidiaries Subsidiaries Share capital Number of shares Equity stake Nominal value Cost price Market value Book value Ans Bankbygg Mo 97 % 45 AS Sparebankbygg % ,1 Helgland Spb.eiend.selskap AS 100 % 0,4 Helgeland Utviklingsselskap AS % Norest gruppen AS * % Denbygget AS * % Ultra Invest AS * % Book value as at The shares in Norest Gruppen AS are included in Helgeland Utviklingsselskap AS. The shares in Denbygget AS and Ultra Invest AS are included in Norest Gruppen AS. Share capital Number of shares Equity stake Nominal value Cost price Market Value ROI AS ,0 % Eiendomsmegler Helgeland AS 0, ,0 % Helgeland Vekst AS 73 38,9 % Storgt. 73 AS 0,1 42,9 % Total investment in AC 112 NOTE 13. DEPOSITS FROM CUSTOMERS SPLIT BY SECTOR/INDUSTRY % % % % 0,8 61 1,1 90 Financial institutions 90 1,1 61 0,8 8, ,3 498 Municipalities and municipal enterp , ,0 3, ,5 276 Agriculture and forestry 276 3, ,2 3, ,7 132 Fisheries and aquaculture 132 1, ,1 7, ,3 422 Mining and industry 422 5, ,3 1, ,2 171 Building and construction 171 2, ,9 2, ,4 270 Trade, hotel, restaurants , ,9 6, ,7 529 Property, property development 500 6, ,1 5, ,1 484 Transport and services 484 6, ,0 60, , Retail market , ,7 100, , Total , ,0 13

15 NOTE 14. CAPITAL ADEQUACY New capital requirement rules (Basel II) came into force on 1 January The Bank chose to apply a transitional rule and is reporting under the new rules from the first quarter 2008 inclusive. The first part of the note shows the calculation base and capital adequacy under Basel II, while the comparative figures for the first quarter 2007 and at year-end 2007 show the calculation base and capital adequacy under Basel I. Morbank Total paid-in capital Total accrued equity capital/retained earnings Additional: Deduction: Total core capital Total net supplementary capital Total net equity and related capital Weighted asset calculation basis % 14,13 % 14,30 % Capital adequacy ratio 14,59 % 14,54 % 13,75 % 12,49 % 12,58 % 13,26 % Of which core capital accounted for 13,57 % 13,01 % 12,76 % The second part of the note shows minimum requirement after Basel II, weight assets calculation basis and capital adequancy: Minimums demand and total net equity and related capital Credit risk Operational risk Weight assets calculation basis Capital adequacy Basel II 14,30 % Total equity and related capital: ,59 % Net core capital Net supplementary capital 96 8,00 % 749 Capital requirements Basel II 749 8,00 % 589 Calculated regulatory profit 618 NOTE 15. CHANGE IN EQUITY CAPITAL Change in equity capital Equity capital at Value change equity capital Dividend Dividend equalisation fund Donations fund Change Savings Bank s Fund 91-3 Fund for unrealized profit -3 Other changes in equity capital Profit Equity capital with the end of the per

16 NOTE 16. PRIMARY CAPITAL CERTIFICATE HELG The 20 largest primary capital certificate holders at : Numbers % share Numbers % share Sparebank 1 Nord Norge ,00 Tromstrygd ,24 Romern AS ,50 DnB NOR bank ASA investeringdivisjon ,19 Sparebanken Øst ,70 Hartviksen, Harald ,88 MP Pensjon ,59 BBS ansatte fond ,86 Sparebankstiftelsen DnB NOR ,83 Warrenwiclund ,78 Haslum Industri AS ,66 Sivesind Johan ,73 Terra Utbytte ,39 Roi Invest AS ,64 Helgelandskraft AS ,58 The Northern trust ,61 Hifo Invest AS ,23 Institutt for sammenlig. kulturforskning ,60 Nervik Steffen ,30 Sparebank 1 Nord Norge pensjonskasse largest PCC holders ,78 20 largest PCC holders ,74 NOTE 17. KEY FINANCIAL FIGURES FOR THE GROUP Quarterly profit development 1. q. 4. q. 3. q. 2. q. 1. q. 4. q. 3. q. 2. q. 1.q Net interest and credit commission income Net commissions income Gains/losses on financial assets available for sale Other operating income Total operating costs Losses on loans, guarantees Result before tax Gains/losses from associated companies Result from ordinary operations after tax Quarterly profit development 1.q. 4. q. 3. q. 2. q. 1.q. 4. q. 3. q. 2. q. 1q Net interest and credit commission income Net commission income Gains/losses on financial assets available for sale Other operating income Total operating costs Losses on loans, guarantees Result before tax Gains/losses from associated companies Result from ordinary operations after tax

17 Parent Bank Other key figures Development in the last 3 months 2,5 1,4 -Total assets 1,4 2,7 1,4 1,8 -Gross lending 2,2 1,6 2,0-0,6 - Deposits -0,6 2,0 Development in the last 12 months 12,9 3,5 11,8 - Total assets 11,3 3,9 12,8 11,1 8,2 11,6 - Gross lending 11,8 8,9 11,4 7,5 11,4 4,0 - Deposits 4,8 11,4 7,4 62,1 64,6 60,5 Deposit coverage as a percentage of gross loans 60,4 64,6 62,6 63,3 62,4 63,6 Lending to retail customers 63,8 62,4 63,5 13,5 14,1 14,3 Capital adequacy ratio as percentage 14,6 14,5 13,7 12,5 12,6 13,2 Core capital ratio as percentage 13,6 13,0 12,8 9,4 9,5 9,2 Equity capital ratio 9,4 9,7 9,6 12,7 11,7 8,5 Rate of return on equity capital 8,5 13,5 14,8 1,2 1,1 0,8 Return on assets 0,8 1,3 1,4 50,8 54,5 49,8 Costs as a percentage of income adjusted for trading gains 49,8 55,0 52,4 1,5 1,6 1,4 Cost in percentage of average total assets 1,4 1,6 1, Average assets Gross loans Individual write-downs Period's change in collective write downs Individual write-downs on guarantees ,3 7,8 3,7 Result per PCC, in Norwegian currency 3,7 9,9 26,2 22,3 7,8 3,7 Diluted result per PCC, in Norwegian currency 3,7 9,9 26, PCC price quoted on the stock exchange 8,1 P/E (price as at divided by profit per PCC) 1,1 1,2 1,0 P/B (price as ar divided by book value of equity capital dividert Number of man-years 73,4 68,8 47,8 Specified loan provision in % of gross default on loan 39,1 61,9 60,7 As a percentage of gross lending 1,0 1,5 1,4 Gross defaults over 90 days 1,4 1,5 1,0 0,8 0,9 1,2 Net defaults over 90 days 1,2 0,9 0,8 1,1 1,5 1,0 Total loan loss provision 0,9 1,4 0,9 0,1 0,03 0,01 Losses on lending 0,01 0,03 0,1 16