Investor

First quarter 2025
(Consolidated figures. Figures in parenthesis refer to the same period of 2024 unless otherwise stated.)

Pre-tax profit NOK 1,269m (1,353m)
Net profit NOK 1,004m (1,084m)
Return on equity 14.0 per cent (16.0 per cent)
CET1 ratio 18.1 per cent (18.5 per cent)
Growth in lending 0.2 per cent (0.8 per cent) and in deposits 5.2 per cent (1.1 per cent)
Lending to the bank’s retail customers rose 0.7 per cent in the quarter (0.7 per cent), 0.6 percentage points lower growth than in the fourth quarter. Lending to the bank’s corporate clients declined 0.9 per cent (1.5 per cent growth) which was 1.2 percentage points lower growth than in the fourth quarter.
Deposits from retail customers rose 3.4 per cent (0.7 per cent), 1.7 percentage points higher growth than in the fourth quarter 2024. Deposits from corporate clients rose 5.5 per cent (3,4 per cent). This is 3.0 percentage points higher growth than in the fourth quarter.
Net result of ownership interests was NOK 191m (194m)
Net result of financial instruments (incl. dividends) was minus NOK 17m (54m)
Losses on loans and guarantees: NOK 21m (24m)
Earnings per equity capital certificate (ECC): NOK 4.31 (NOK 4.68)
Book value per ECC: NOK 122.57 (NOK 113.24)