Norwegian Finans Holding ASA. Second quarter 2014 results

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Norwegian Finans Holding ASA. Second quarter 2014 results"

Transcription

1 Norwegian Finans Holding ASA Second quarter 2014 results

2 Second quarter 2014 earnings were 82.1 MNOK, up 16.8 MNOK compared with the first quarter Norwegian Finans Holding Group MNOK Q Q Change Interest income % Interest expenses % Net interest income % Commission and bank services income % Commission and bank services expenses % Net change in value on securities and currency % Net other operating income % Total income % Personnel expenses % General administrative expenses % Ordinary depreciation % Other operating expenses % Total operating expenses % Provision for loan losses % Profit before tax % Tax charge % Profit after tax % Earnings per share NOK (annualized) Net interest income driven by rapid loan growth. Lower fee income growth due to one-offs in the first quarter. Fall in personnel expenses due to seasonal accrual effect. Rise in administrative expenses due to increased marketing and IT-expenses. Stable provisioning. ROE 37.2 %, up from 32.2 %*. * Bank Norwegian AS 2

3 Earnings in Norway were 90.4 MNOK, a gain of 13.2 MNOK from the first quarter Norwegian Finans Holding Group Key figures Norway Sweden* MNOK Q2 14 Q1 14 Q2 14 Q1 14 Total income Total operating expenses Provision for loan losses Profit after tax Liquid assets 2,520 1, , Net loans to customers 7,066 6, , Intangible assets Deposits from customers 7,157 6, ,883 1, % income growth in Sweden Higher marketing expenses in Sweden. Mainly group provisions in Sweden. Credit quality developing as expected. * No allocation of overhead expenses. 3

4 Solid loan and earnings growth Quarterly loan growth Quarterly earnings MNOK MNOK 1,

5 Rising market share in Norway Total unsecured loans Market growth and market share BNOK BNOK Source: The financial supervisory authority of Norway, adjusted for Bank Norwegian s Swedish loan portfolio. Q annualized figures. 5

6 High loan and deposit growth MNOK 12,000 Assets 483 Cash & cash equivalents 10,000 8,000 6,000 4, ,055 1, ,771 1, ,694 1, ,747 1,944 2,919 2,215 Securities Credit card 1 Total gross loans increased 846 MNOK, compared with 909 MNOK in the first quarter. Installment loans rose 575 MNOK and credit card loans grew 271 MNOK. 2, ,024 5,449 4,734 3,850 4,203 Consumer loans 2 Intangibles Other assets Installment loan run-off 323 MNOK, compared with 291 MNOK in the first quarter. MNOK 12,000 Liabilities & equity Liquid assets comprise 29 % of total assets. 10,000 8,000 9,040 6,000 8,496 6,592 6,157 6,243 4,000 2,000 1, Bank Norwegian AS Deposits Debt securities issued Other liabilities Sub debt & hybrids Equity 1 Includes sales financing 2 Includes personal lines of credit Deposits up 544 MNOK. Rates further reduced in the third quarter. Net issuance of 544 MNOK in senior debt securities. Deposits to loans ratio decreased from 1.17 to 1.12.

7 Strong loan growth all across MNOK Quarterly loan growth Sharply improved credit card growth in Sweden Norway Sweden Norway Sweden Installment loans Credit card Q1 14 Q2 14 7

8 Rapid customer growth Number of customers 400, , ,000 39,000 net new customers in the second quarter. 250, , , , , , , ,000 Swedish card customers total 65, ,000 50, ,000 48,100 30,100 32,800 37,700 52,600 53,700 56,900 66,200 69,200 Deposit Consumer loan Credit card 8

9 Quarterly balance sheet Norwegian Finans Holding Group MNOK Assets Change Deposits with Norges Bank % 57 1 % % Loans and deposits with credit institutions % % % Loans to customers 8, % 7, % % Certificates and bonds 2, % 2, % % Other intangible assets 31 0 % 31 0 % 0 0 % Deferred tax asset 2 0 % 1 0 % 0 10 % Fixed assets 1 0 % 2 0 % -0-8 % Other assets % % % Total assets 11, % 10, % 1, % Liabilities and equity Deposits from customers 9, % 8, % % Debt securities issued 1,100 9 % % % Taxes payable 55 0 % 86 1 % % Other liabilities 31 0 % 32 0 % -1-3 % Accrued expenses and unearned income received % % % Subordinated debt % % 0 0 % Total liabilities 10, % 9, % 1, % Share capital % % 0 0 % Share premium % % 5 4 % Retained earnings % % % Total equity % % % Total liabilities and equity 11, % 10, % 1, % 9

10 Stable yields and margins 14.0 % Margins as a % of average assets % 11.5 % 12.1 % 11.9 % 11.9 % Interest income % 8.1 % 7.2 % 8.4 % 7.4 % 9.0 % 9.1 % 9.0 % 7.9 % 7.9 % 7.9 % Net interest margin Risk-adjusted margin 6.0 % 4.0 % 3.1 % 3.0 % 3.0 % 3.0 % 3.0 % Interest expenses 18.0 % 16.0 % 14.0 % 1 Asset yield and cost of deposits 15.6 % 15.3 % 15.6 % 15.8 % 15.8 % 15.5 % 15.4 % 15.5 % 15.4 % 15.3 % 13.9 % 13.8 % 13.9 % 13.8 % 13.7 % Credit card loan yield Installment loan yield Risk-adjusted total loan yield % 6.0 % 4.0 % 3.4 % 3.3 % 3.3 % 3.3 % 3.3 % 2.4 % 2.4 % 2.4 % 2.3 % 2.2 % Deposit costs Liquidity yield 10 Bank Norwegian AS - Norwegian operations

11 Improved operating efficiency MNOK Quarterly operating expenses Increased marketing expenses in Sweden Lower personnel expenses related to seasonal accrual effect. Cost/income ratio in Norwegian operations was 0.32 compared with 0.36 in the second quarter of Depreciation IT Other Personnel Marketing Cost/income 11 Bank Norwegian AS

12 Stable credit metrics Consumer loans Non-performing loans to loans Loan loss provisions to average loans % % 8.0 % 6.0 % 5.3 % 5.0 % 5.0 % 5.0 % 5.1 % 1.5 % 1.3 % 1.4 % 1.5 % 1.5 % 1.5 % 4.0 % 1.0 % 0.5 % 3.0 % Loan loss allowance to loans 10 Loan loss allowance to non-performing loans 2.5 % 1.9 % 1.8 % 1.8 % 1.9 % % 67.2 % 67.6 % 68.8 % 69.4 % 1.5 % % % Norwegian operations

13 Stable credit metrics Credit card loans Non-performing loans to loans Loan loss provisions to average loans 6.0 % 3.0 % 5.0 % 2.5 % 4.0 % 4.1 % 3.9 % 4.2 % 4.2 % 4.2 % 3.0 % 1.5 % 1.5 % 1.6 % 1.5 % 1.6 % 1.5 % 1.0 % 1.0 % 0.5 % 3.0 % Loan loss allowance to loans 10 Loan loss allowance to non-performing loans % 1.9 % % 70.2 % 68.0 % 69.5 % 73.0 % 1.5 % % % Norwegian operations

14 High profitability % 35.0 % 3.00 % % 25.0 % 2.00 % % 37.3 % 35.8 % 35.0 % 32.2 % 37.2 % 1.50 % % 5.0 % 0.50 % ROE ROA 0.00 % 14 Bank Norwegian AS

15 High risk absorption capacity 20% Capital ratios 18% 16% 14.8 % 17.7 % 15.7 % 15.3 % Strong capital ratios despite strong loan growth. 14% 12% 13.0 % 12.4 % 13.2 % 12.7 % 12.7 % 13.2 % 13.1 % 11.5 % 11.5 % Common equity tier 1 ratio of 11.5 %. 10% 8% RWA decreased from 68 % to 67 %. 6% 4% Common equity to total assets equals 8.1 %. 2% 0% Common equity tier 1 Tier 1 capital Total capital 15 Bank Norwegian AS

16 Well positioned for continued earnings growth Earnings growth and strong returns Continued strong loan growth Stable margins Cost-efficient operations Stable provisions Swedish operations expected to turn profitable in the fourth quarter Stable credit quality Resilient economies in Norway and Sweden Enhanced credit models Stable portfolio risk Strong and resilient balance sheet Strong liquidity position Continued diversification of funding base Strong capital generation and capital ratios Adequate capital for growth 16

17 Top 20 shareholders SHAREHOLDER # OF SHARES 1 NORWEGIAN AIR SHUTTLE 34,600, % 2 GOLDMAN SACHS & CO 14,999, % 3 SOCIETE GENERALE 14,700, % 4 LAGUAN AS 12,871, % 5 BORAK AS 8,580, % 6 MP PENSJON PK 7,500, % 7 SPENCER TRADING INC 6,934, % 8 TVENGE TORSTEIN 5,014, % 9 STENSHAGEN INVEST AS 4,733, % 10 SKAGEN VEKST 3,940, % 11 SNEISUNGEN AS 3,720, % 12 BLYSTAD ARNE 2,203, % 13 KLP AKSJE NORGE VPF 1,960, % 14 JENSEN ERIK 1,617, % 15 PORTILLO HOLDING AS 1,500, % 16 DIRECTMARKETING INVEST 1,500, % 17 GJERSVIK KARSTEIN 1,408, % 18 AWILCO INVEST AS 1,258, % 19 VERDIPAPIRFONDET OMEGA 1,242, % 20 SVENKERUD PÅL 1,199, % Top ,484, % Total 173,000,202 Norwegian Finans Holding ASA registered on the NOTC-list June 23, 2014 with the ticker code BANK. 406,114 shares issued related to incentive compensation scheme. Management holds 3.35 % of shares outstanding. 17

18 18

Norwegian Finans Holding ASA. Third quarter 2014 results

Norwegian Finans Holding ASA. Third quarter 2014 results Norwegian Finans Holding ASA Third quarter 2014 results Third quarter 2014 earnings were 94.1 MNOK, compared with 82.1 MNOK in the second quarter Norwegian Finans Holding Group MNOK Q3 2014 Q2 2014 Change

More information

Interim report 1st quarter 2016

Interim report 1st quarter 2016 Interim report 1st quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA

INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) APRIL 2016 Highlights Q1 2016 Growth 26% - First UK client on board Protector delivers a strong premium growth for the first quarter of 2016,

More information

Key topics. 1st quarter 2015

Key topics. 1st quarter 2015 1 ST QUARTER 2015 Key topics Solid growth in lending and high demand for loans High yield on loans to customers Relatively low loan losses Good liquidity position for further growth Planned capital increase

More information

Interim report 2nd quarter 2016

Interim report 2nd quarter 2016 Interim report 2nd quarter 2016 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Report for the second quarter 2016. Norwegian Finans Holding ASA

Report for the second quarter 2016. Norwegian Finans Holding ASA Report for the second quarter 2016 Norwegian Finans Holding ASA Norwegian Finans Holding ASA Report for the second quarter 2016 Norwegian Finans Holding ASA (NFH) owns 100% of the shares in Bank Norwegian

More information

INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA

INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA INTERIM REPORT Q2 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) JULY 2016 Highlights Q2 2016 Very strong operating profit Protector delivers an operating profit of NOK 255 million in the second quarter of

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 4th quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

About Komplett Bank ASA. Outlook. Developments to date

About Komplett Bank ASA. Outlook. Developments to date Interim report 3 rd quarter 2015 About Komplett Bank ASA Komplett Bank ASA started banking operations on 21 March 2014 when the company received its banking licence from the Norwegian authorities. Komplett

More information

Quarterly Income Statement

Quarterly Income Statement 1 ST QUARTER 2016 Disclaimer This Presentation has been produced by Komplett Bank ASA (the Company or Komplett Bank ), solely for use at the presentation to investors and is strictly confidential and may

More information

Vizrt Group AS Reports Q1 2015 Results

Vizrt Group AS Reports Q1 2015 Results Vizrt Group AS Quarterly report March 31, 2015 Vizrt Group AS Reports Q1 2015 Results Business Overview On March 19, 2015, Vizrt Group AS (formerly Aksjeselskapet av 17. Oktober 2014 AS ) ( the Company

More information

Report for the first quarter 2016. Norwegian Finans Holding ASA

Report for the first quarter 2016. Norwegian Finans Holding ASA Norwegian Finans Holding ASA Norwegian Finans Holding ASA Norwegian Finans Holding ASA (NFH) owns 100% of the shares in Bank Norwegian AS. The company does not engage in any other operations. The ownership

More information

SUMMARY INTERIM REPORT 1Q2015

SUMMARY INTERIM REPORT 1Q2015 1st QUARTER REPORT 2015 1 SUMMARY INTERIM REPORT 1Q2015 The result for Norwegian Hull Club (NHC) in the first quarter of 2015 is minus USD 9.3 million. Technical result of insurance operations is minus

More information

Q2 results 2012 Investor presentation

Q2 results 2012 Investor presentation Q2 results 2012 Investor presentation 13 July 2012 Facts about Protector A focused non-life Norwegian insurance company Established Jan.1, 2004. (Listed on Oslo Stock Exchange May 2007) Entered the Swedish

More information

Highlights of Annual Report January December 2014

Highlights of Annual Report January December 2014 Highlights of Annual Report January December HIGHLIGHTS OF ANNUAL REPORT PRESS RELEASE 4 February 2015 Highlights of Handelsbanken s Annual Report Highlights JANUARY DECEMBER of Handelsbanken s Annual

More information

Vizrt Group AS Reports H1 and Q2 2015 Results

Vizrt Group AS Reports H1 and Q2 2015 Results Vizrt Group AS Reports H1 and Q2 2015 Results - 1 - Bergen, Norway, August 31, 2015. Vizrt Group AS. Vizrt today reported its financial results for the second quarter of 2015 and the first six months of

More information

Key topics. 2nd quarter 2015

Key topics. 2nd quarter 2015 2 ND QUARTER 2015 Disclaimer This Presentation has been produced by Komplett Bank ASA (the Company or Komplett Bank ), solely for use at the presentation to investors and may not be reproduced or redistributed,

More information

QUARTERLY REPORT 2015

QUARTERLY REPORT 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes 3 Consolidated financial statements Consolidated balance sheet ASSETS 31.12.2014 in %

More information

4th Quarter 2010. Risk management. General information

4th Quarter 2010. Risk management. General information 4th Quarter 2010 Sør Boligkreditt AS 2 4th Quarter 2010 General information Sør Boligkreditt AS was established in the autumn of 2008 and is a wholly owned subsidiary of Sparebanken Sør. The company is

More information

Acta Holding ASA. Agenda. 3rd quarter presentation 2009. CEO Geir Inge Solberg CFO Christian Tunge. 28th October 2009

Acta Holding ASA. Agenda. 3rd quarter presentation 2009. CEO Geir Inge Solberg CFO Christian Tunge. 28th October 2009 Acta Holding ASA rd quarter presentation 9 CEO Geir Inge Solberg CFO Christian Tunge 8th October 9 Agenda Highlights third quarter 9 Lower costs Revenues advisors Acta Invest Interim financial statements

More information

SPV FIRST QUARTER April Jan Erik Kjerpeseth Managing Director

SPV FIRST QUARTER April Jan Erik Kjerpeseth Managing Director SPV FIRST QUARTER 2014 29 April 2014 Jan Erik Kjerpeseth Managing Director KEY DEVELOPMENTS IN THE FIRST QUARTER INCREASED OPERATING PROFIT PRE-TAX OPERATING PROFIT NOK 526 MILL. (273) GOOD RETURN ON EQUITY

More information

Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet

Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet 7 Events after the balance sheet date 8 Income statement

More information

Izola Bank p.l.c. First Half 2010 Results - Highlights

Izola Bank p.l.c. First Half 2010 Results - Highlights First Half 2010 Results - Highlights Review of Performance Profit before tax of 781,522 for the six months ended 30 June 2010 down 56,058 or 6.7 per cent, compared with 837,580 for the same period in 2009.

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Quarterly report 3rd quarter 2015

Quarterly report 3rd quarter 2015 Quarterly report 3rd quarter DIRECTORS REPORT 2 / 15 Directors Report Third Quarter Nature of the business SSB Boligkreditt is the funding company of the Sandnes Sparebank Group, for the issue of covered

More information

! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.

! #$ %&!& & ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& #$ ) &!&. ! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+

More information

Income Measurement and Profitability Analysis

Income Measurement and Profitability Analysis PROFITABILITY ANALYSIS The following financial statements for Spencer Company will be used to demonstrate the calculation of the various ratios in profitability analysis. Spencer Company Comparative Balance

More information

Acta Holding ASA. Presentation 3rd quarter 2005. Chief Executive Officer Simen Mørdre October 28, 2005

Acta Holding ASA. Presentation 3rd quarter 2005. Chief Executive Officer Simen Mørdre October 28, 2005 Acta Holding ASA Presentation 3rd quarter 25 Chief Executive Officer Simen Mørdre October 28, 25 Agenda Highlights 3rd quarter Interim Financial Statements Segment information Shareholder matters Priorities

More information

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER

More information

SpareBank 1 Boligkreditt AS Preliminary Annual Accounts, 2015 Contents

SpareBank 1 Boligkreditt AS Preliminary Annual Accounts, 2015 Contents Preliminary Annual Accounts, 2015 Contents Income Statement Statment of Comprehensive Income Balance Sheet Change in Equity Cash Flow Statement Quarterly Development Preliminary statement Income statement

More information

REPORT FOR FIRST QUARTER 2016 CONSOLIDATED

REPORT FOR FIRST QUARTER 2016 CONSOLIDATED 1 REPORT FOR FIRST QUARTER 2016 CONSOLIDATED VARDIA INSURANCE GROUP ASA - CONSOLIDATED HIGHLIGHTS FIRST QUARTER The first quarter 2016 net loss was NOK 70.0 million compared with a net loss of NOK 55.6

More information

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165

Equity per share (NOK) 147 123 131 Equity ratio 39 % 38 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 184 152 165 REPORT FOR Q2 AND THE FIRST 6 MONTHS OF 2015 KEY FIGURES Amounts in NOK million Q2 2015 Q2 2014 30.06.15 30.06.14 2014 Net rental income 501 450 1 005 904 1 883 Fair value adjustments in investment properties

More information

1 st half and 2 nd quarter 2010

1 st half and 2 nd quarter 2010 1 st half and 2 nd quarter Presentation of results SpareBank 1 Gruppen Kirsten Idebøen, CEO 11 August Highlights SpareBank 1 Gruppen reports good results for the 1 st half-year, despite challenging financial

More information

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165

Equity per share (NOK) 135 123 131 Equity ratio 37 % 39 % 36 % Non-current net asset value per share (NOK) (EPRA NNNAV) 2) 170 153 165 REPORT Q1/2015 KEY FIGURES Amounts in NOK million Q1 2015 Q1 2014 31.12.14 Net rental income 503 454 1 883 Fair value adjustments in investment properties and interest rate derivatives 1 294-9 281 Profit

More information

Preliminary year-end results 2014 Investor presentation

Preliminary year-end results 2014 Investor presentation Preliminary year-end results 2014 Investor presentation 12 February 2014 Volume (1.000) Share price (NOK) Facts about Protector A focused Norwegian non-life insurance company Established Jan.1, 2004. (Listed

More information

Quarterly report 1st quarter 2016

Quarterly report 1st quarter 2016 Quarterly report 1st quarter 2016 Director s report Directors Report First Quarter 2016 Nature of the business SSB Boligkreditt is the funding company of the Sandnes Sparebank Group, for the issue of covered

More information

Q presentation. 15 July 2014

Q presentation. 15 July 2014 Q2 2014 presentation 15 July 2014 Agenda Highlights Financial performance Dividends Market outlook/trends Q2 highlights Revenue of NOK 5,981 million, up 8.7% EBITDA of NOK 177 million, up 26.0% EBITDA

More information

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets

Nomura Securities Co., Ltd. Non-consolidated Balance Sheets ASSETS Non-consolidated Balance Sheets Nomura Securities Co., Ltd. (Millions of yen) March 31, 2014 March 31, 2015 Increase/(Decrease) Current Assets 12,488,887 13,949,399 1,460,512 Cash and time deposits

More information

Second quarter report 2008

Second quarter report 2008 Second quarter report 2008 ya Bank og Forsikring Development in results and financial position ya Bank ya Bank received 17,600 new applications for various banking products during the second quarter 2008.

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

Preliminary Accounts 2012

Preliminary Accounts 2012 Q4 Preliminary Accounts Presentation of results from SpareBank 1 Gruppen Kirsten Idebøen, CEO 14 February 2013 The pre-tax profit for was more than doubled compared with 2011 Pre-tax profit Group (MNOK)

More information

Interim report for the 3rd quarter of 2008. Glitnir Bank ASA

Interim report for the 3rd quarter of 2008. Glitnir Bank ASA Interim report for the 3rd quarter of 2008 Glitnir Bank ASA contents Report of the Directors...3 Consolidated Income Statement...5 Consolidated Balance Sheet...6 Consolidated Statement of Changes in Equity...7

More information

KLP BOLIGKREDITT AS Interim report Q1 2015

KLP BOLIGKREDITT AS Interim report Q1 2015 KLP BOLIGKREDITT AS Interim report Q1 2015 INCOME STATEMENT BALANCE SHEET NOTES Contents Interim Financial Statements 1/2015 3 Income Statement 4 Balance Sheet 5 Statement of owners' equity 6 Statement

More information

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS 7 May 2014 HSBC BANK CANADA FIRST QUARTER 2014 RESULTS Profit before income tax expense for the quarter ended 2014 was C$233m, a decrease of 13.4% compared with the same period in and broadly unchanged

More information

Interim Report. 4th quarter 2008

Interim Report. 4th quarter 2008 Interim Report 4th quarter 2008 Nordic Semiconductor ASA 4th quarter 2008 Revenue in Q4 68.9 MNOK, an increase of 40% over Q4 2007 of 49.2 MNOK. A stronger USD rated contributed NOK 14 relative to Q4 2007.

More information

Protector Forsikring ASA

Protector Forsikring ASA Protector Forsikring ASA Q1 results 2010 Investor presentation 29 April 2010 Protector Forsikring ASA A focused non-life Norwegian insurance company Established Jan.1, 2004. (Listed on Oslo Stock Exchange

More information

KLP BOLIGKREDITT AS Interim report Q4 2015

KLP BOLIGKREDITT AS Interim report Q4 2015 KLP BOLIGKREDITT AS Interim report Q4 2015 INCOME STATEMENT BALANCE SHEET NOTES Contents KLP Boligkreditt AS Report from the Board of directors 3 Income statement 4 Balance sheet 5 Statement of changes

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Interim Report. First half 2008

Interim Report. First half 2008 Interim Report First half 2008 Nordic Semiconductor ASA First half 2008 Revenue at MNOK 147.4, an increase of 3% compared to first half of 2007 (cont. operations) Component sales advanced 14% (MNOK 17.6)

More information

KLP BOLIGKREDITT AS Interim report Q4 2014

KLP BOLIGKREDITT AS Interim report Q4 2014 KLP BOLIGKREDITT AS Interim report Q4 2014 INCOME STATEMENT BALANCE SHEET NOTES Contents Interim Financial Statements 4/2014 3 Income Statement 4 Balance Sheet 5 Statement of owners' equity 6 Statement

More information

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter.

Profit is affected by seasonal variations and ramp up of new employees. EBITDA of NOK 1 (-2) million and 0.5% (-2.7%) margin in the third quarter. 2 /16 Highlights Q3 The growth continues in the third quarter with strong growth in number of employees and low turnover rate. Profit is affected by seasonal variations and ramp up of new employees. Cancellation

More information

16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø

16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø 16 February 2012 Fourth Quarter 2011 CEO Sverre Hurum CFO Erik Stubø Disclaimer The information contained in the Presentation is for your use only. Recipients may not reproduce, redistribute or pass on,

More information

Sparebanken Hedmark Financial result Third quarter 2015

Sparebanken Hedmark Financial result Third quarter 2015 Sparebanken Hedmark Financial result Third quarter 2015 Sparebanken Hedmark Third quarter 2015 Stable development and falling unemployment rate in Hedmark - Hedmark and Oppland are two of the country`s

More information

KLP BOLIGKREDITT AS Interim report Q1 2016

KLP BOLIGKREDITT AS Interim report Q1 2016 KLP BOLIGKREDITT AS Interim report Q1 2016 INCOME STATEMENT BALANCE SHEET NOTES Contents KLP Boligkreditt AS Report from the Board of directors 3 Income statement 4 Balance sheet 5 Statement of changes

More information

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394

- Sub-standard loans 31,093 50,092 - Unrealized interest on sub-standard loans (10,535) (12,698) Net Sub-Standard Loans 20,558 37,394 CONSOLIDATED BALANCE SHEET ASSETS (In millions of LBP) 1. Cash, Compulsory Reserves and Central Banks 1,012,603 1,014,857 2. Banks and financial institutions 1,234,691 760,707 3. Head office, branches,

More information

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com

Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com Grieg Seafood ASA Q3 2015 Andreas Kvame CEO Atle Harald Sandtorv CFO 6 November 2015 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q3 2015 3 Highlights Q3 2015 Operational

More information

Q4 2013. Preliminary annual accounts 2013. February 5th 2014 Q4 2013

Q4 2013. Preliminary annual accounts 2013. February 5th 2014 Q4 2013 Preliminary annual accounts 2013 February 5th 2014 2013 profit performance is the best in the bank s history An excellent year the bank is delivering on its stated goals and plans Strong focus on profitability,

More information

VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market

VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market VPS Holding ASA Report for the Second Quarter Good second quarter, high level of activity in the stock market (Figures for same period last year in brackets) In the second quarter, VPS Holding ASA achieved

More information

Izola Bank p.l.c. First Half 2014 Results - Highlights

Izola Bank p.l.c. First Half 2014 Results - Highlights First Half 2014 Results - Highlights Review of Performance Profit before tax of 1,944,440 for the six months ended 30 June 2014 up 705,249 or 57 per cent, compared with 1,239,191 for the same period in

More information

Oslo Børs Holding ASA 4 th quarter 2001

Oslo Børs Holding ASA 4 th quarter 2001 Oslo Børs Holding ASA 4 th quarter 2001 Highlights in the 4 th quarter Pre-tax earnings 4 th quarter: MNOK 11.5 for 2001: MNOK 61 Earnings per share 4 th quarter: NOK 1.56 for 2001: NOK 9.95 Proposed ordinary

More information

Interim presentation Fourth quarter 2015

Interim presentation Fourth quarter 2015 Interim presentation Fourth quarter 2015 Sverre Hurum. CEO Erik Stubø. CFO 19 February 2016 Highlights in the quarter Revenues and EBIT Operating revenues increased by 6.3 percent to NOK 333.0 million

More information

Interim presentation Second quarter 2015

Interim presentation Second quarter 2015 Interim presentation Second quarter 2015 Sverre Hurum. CEO Erik Stubø. CFO 27 August 2015 Highlights in the second quarter Revenues and EBIT Operating revenues increased by 14.3 percent to NOK 315.7 million

More information

Q2 2014. August 13th 2014 Q2 2014

Q2 2014. August 13th 2014 Q2 2014 August 13th 2014 Good result in 1st half 2014 A good first half-year, and an excellent 2nd quarter in isolation Implementation of capital plan with focus on profitability and management of risk weighted

More information

Company Announcement

Company Announcement Company Announcement The following is a Company Announcement by Lombard Bank Malta p.l.c. pursuant to Malta Financial Services Authority Listing Rules: Quote The Board of Directors of Lombard Bank Malta

More information

PRESS RELEASE Highlights

PRESS RELEASE Highlights PRESS RELEASE 1999 Highlights Well run banking operation and bull market produce unprecedented earnings Operating profit of NOK 598 million before tax SpareBank 1 SR-Bank is the district's savings bank

More information

SpareBank 1 Group Q1 2016

SpareBank 1 Group Q1 2016 SpareBank 1 Group Q1 2016 A good start to the year Pre-tax operating profit (MNOK) 385 337 378 385 1Q 2013 1Q 2014 1Q 2015 1Q 2016 Annualised return on equity (%) Solvency II ratio (as of 31.12.15. Without

More information

Presentation Q SpareBank 1 Gruppen

Presentation Q SpareBank 1 Gruppen Presentation SpareBank 1 Gruppen 24 October - Kirsten Idebøen, Idebøen CEO Key figures Pre-tax profit for the quarter (MNOK)* 529 Pre-tax profit for the year-to-date (MNOK)* 1,216 376 320 676 706 325-8

More information

The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC Holdings plc.

The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC Holdings plc. We only advise on our own life assurance, pensions and unit trusts The following is the text of an announcement made today by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly held subsidiary of HSBC

More information

EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT

EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT - 1 - EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT Growth in revenues and profit as a consequence of acquisitions Successful integration of acquired businesses and subsequent cost reductions

More information

Carnegie Investment Bank AB (publ) Year-end report

Carnegie Investment Bank AB (publ) Year-end report Carnegie Investment Bank AB (publ) (Corp. reg. no. 516406-0138) Year-end report 1 January 31 December 2009 Carnegie Investment Bank AB (publ) is a leading independent investment bank with Nordic focus.

More information

Gjensidige Bank. Investor Presentation Q May 2015

Gjensidige Bank. Investor Presentation Q May 2015 Gjensidige Bank Investor Presentation Q1 2015 6. May 2015 Content Gjensidige and Gjensidige Bank in brief Financial performance Funding overview Appendix Gjensidige Bank in Brief KEY FINANCIALS 1 st QUARTER

More information

Company Update Share Price: NOK 54 14 August 2014 Target Price: NOK 70 (68) Building the capital base

Company Update Share Price: NOK 54 14 August 2014 Target Price: NOK 70 (68) Building the capital base SpareBank 1 SMN BUY Company Update Share Price: NOK 54 14 August 2014 Target Price: NOK 70 (68) Building the capital base Share data 14.08.2014 Sector Banks Bloomberg MING NO Risk rating Low Outst. shares

More information

1 st Quarter 2013. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO

1 st Quarter 2013. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO 1 st Quarter 2013 Presentation of results from SpareBank 1 Gruppen Kirsten Idebøen, CEO 25 April 2013 Best result in SpareBank 1 Gruppen's history Pre-tax profit in last 5 years (MNOK) 360 Pre-tax profit:

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

Interim report Q1 2016

Interim report Q1 2016 Interim report Q1 2016 CONTENTS Introduction Financial development Income Expenses Loan impairment charge and loans in default Deposits, loans and balance sheet Summary and future prospects Tables 2 SPAREBANKEN

More information

Strides Pharma Botswana (Pty) Ltd BALANCE SHEET AS AT Mar 31, 2016

Strides Pharma Botswana (Pty) Ltd BALANCE SHEET AS AT Mar 31, 2016 BALANCE SHEET AS AT Mar 31, 2016 Schedule A. EQUITY AND LIABILITIES 1. Shareholders' funds a) Share capital 1 1,597,444 1,597,444 b) Reserves and Surplus 2 1,737,474-3,334,918 1,597,444 2. Share application

More information

Announcement to the Copenhagen Stock Exchange 11/2005 12 August 2005 HALF-YEAR REPORT 2005

Announcement to the Copenhagen Stock Exchange 11/2005 12 August 2005 HALF-YEAR REPORT 2005 Announcement to the Copenhagen Stock Exchange 11/2005 12 August 2005 HALF-YEAR REPORT 2005 The BANK of Greenland Half-Year Report 2005 1/11 FINANCIAL HIGHLIGHTS and KEY FIGURES half-year half-year 2nd

More information

Bank 1 Oslo Akershus (group) 2nd quarter presentation 2013

Bank 1 Oslo Akershus (group) 2nd quarter presentation 2013 Bank 1 Oslo Akershus (group) 2nd quarter presentation 213 Oslo, August 9th 213 MNOK Bank 1 Oslo Akershus (group) Higher income from commissions and increased net interest income Pre-tax profit of MNOK

More information

Announcement of Financial Results 1999. for. Den Danske Bank Group

Announcement of Financial Results 1999. for. Den Danske Bank Group Announcement of Financial Results 1999 for Den Danske Bank Group 2 Den Danske Bank Group Highlights Core earnings and net profit for the year (DKr million) 1999 1998 1997 1996 1995 Net interest income,

More information

Interim Report 2 nd quarter 2014 Nordea Eiendomskreditt AS

Interim Report 2 nd quarter 2014 Nordea Eiendomskreditt AS Interim Report 2 nd quarter 2014 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 information

1st Quarter 2012. 26 April 2012. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO

1st Quarter 2012. 26 April 2012. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO 1st Quarter 2012 Presentation of results from SpareBank 1 Gruppen Kirsten Idebøen, CEO 26 April 2012 Good development in results for the group - Best result in the past five years Pre-tax profit for the

More information

Financial Ratios and Quality Indicators

Financial Ratios and Quality Indicators Financial Ratios and Quality Indicators From U.S. Small Business Administration Online Women's Business Center If you monitor the ratios on a regular basis you'll gain insight into how effectively you

More information

Quarter 2011. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO

Quarter 2011. Presentation of results from SpareBank 1 Gruppen. Kirsten Idebøen, CEO 1st Q Quarter 2011 Presentation of results from SpareBank 1 Gruppen Kirsten Idebøen, CEO 29 April 2011 Highlights SPAREBANK 1 GRUPPEN Significantly improved profit for Good return on equity of 12.4 (8.8)

More information

Q presentation SpareBank 1 Gruppen. 30 April Kirsten Idebøen, CEO

Q presentation SpareBank 1 Gruppen. 30 April Kirsten Idebøen, CEO Q1 2014 presentation SpareBank 1 Gruppen 30 April 2014 - Kirsten Idebøen, CEO Solid start to the year Pre-tax profit for the quarter (MNOK) Net result for the quarter (MNOK) Annualised return on equity

More information

Sparebanken Sør. 1 st quarter 2015

Sparebanken Sør. 1 st quarter 2015 Sparebanken Sør 1 st quarter 2015 Information The merger between Sparebanken Pluss and Sparebanken Sør complies with the rules set out in IFRS 3 and has been executed as a transaction. Sparebanken Sør

More information

INTERIM REPORT 2012 FOURTH QUARTER (Q4)

INTERIM REPORT 2012 FOURTH QUARTER (Q4) INTERIM REPORT 2012 FOURTH QUARTER (Q4) Summary - In January 2013 Norway Seafoods entered into an agreement to sell most of the company s Farming operations in France - Revenue in the fourth quarter came

More information

Link Mobility Group ASA

Link Mobility Group ASA Link Mobility Group ASA Financial Result Third quarter 2014 1 Financial Performance Link Mobility Group ASA (Link) had revenue of MNOK 38,2 in Q3 2014, and MNOK 114,7 in the first 9 months of 2014. EBITDA

More information

Grieg Seafood ASA Q1 2014. Morten Vike CEO. Atle Harald Sandtorv CFO. 15 May 2014. griegseafood.com

Grieg Seafood ASA Q1 2014. Morten Vike CEO. Atle Harald Sandtorv CFO. 15 May 2014. griegseafood.com Grieg Seafood ASA Q1 2014 Morten Vike CEO Atle Harald Sandtorv CFO 15 May 2014 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q1 2014 3 Highlights Q1 2014 First quarter results

More information

First quarter report Cover photo: Rune Rimmereide Nilsen

First quarter report Cover photo: Rune Rimmereide Nilsen X highlights... 3 Report from the board of directors. 4 Results 4 Balance sheet. 5 Export lending... 5 Local government lending... 5 Securities.. 5 Funding.... 6 Liquidity.... 6 Regulatory framework...

More information

gjensidige.com fourth Quarter interim report AND Gjensidige bank konsern Gjensidige bank ASa

gjensidige.com fourth Quarter interim report AND Gjensidige bank konsern Gjensidige bank ASa gjensidige.com fourth Quarter interim report AND PRELIMINARY ANNUAL FINANCIAL STATEMENTS 2010 Gjensidige bank konsern Gjensidige bank ASa GJENSIDIGE BANK GROUP HIGHLIGHTS fourth quarter 2010 Higher deposit-to-loan

More information

Gjensidige Bank ASA Gjensidige Bank Boligkreditt AS Q3 2011

Gjensidige Bank ASA Gjensidige Bank Boligkreditt AS Q3 2011 Gjensidige Bank ASA Gjensidige Bank Boligkreditt AS Q3 2011 I. Strategy and concept - Gjensidige Bank group II. Performance key figures - Gjensidige Bank group III Gjensidige Bank Boligkreditt AS 2 11.11.2011

More information

Third quarter report

Third quarter report highlights... 3 Report from the board of directors. 4 Results 4 Balance sheet. 6 Export lending... 6 Local government lending... 6 Securities.. 6 Funding.... 6 Liquidity.... 6 Regulatory framework....

More information

Sparebanken Pluss Quarterly Report Q1 2013

Sparebanken Pluss Quarterly Report Q1 2013 Sparebanken Pluss Quarterly Report Q1 2013 KEY FIGURES* As at. 31.03.13 31.12.12 30.09.12 30.06.12 31.03.12 Total income (NOK mill.) 153 675 508 326 186 Total operating expenses (NOK mill.) 68 251 185

More information

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Table of Contents 1. Financial Highlights 3 2. Consolidated Financial Statements of Fortis

More information

SpareBank 1 Nord-Norge Preliminary annual accounts 2010 Group

SpareBank 1 Nord-Norge Preliminary annual accounts 2010 Group SpareBank 1 Nord-Norge Preliminary annual accounts 2010 Group Very good results for the 4 th quarter and 2010 overall. The Bank s financial strength remains strong. Highlights (figures in brackets refer

More information

The Edge Market - Features v 1 WW 1

The Edge Market - Features v 1 WW 1 The Edge Market - Features v 1 WW 1 Key Features of The Edge Market Dashboard The Dashboard offers data & analytics on all listed companies on the Bursa Malaysia and Singapore Exchange. These include the

More information

SpareBank 1 Gruppen. Presentation 1st Half 2013

SpareBank 1 Gruppen. Presentation 1st Half 2013 SpareBank 1 Gruppen Presentation 1st Half 14 August - Kirsten Idebøen, Idebøen CEO Performance in the 1 st half of Substantial improvement in pre-tax profit MNOK 531 (296) Premium growth and good result

More information