Second quarter 2024

  • Pre-tax profit NOK 1,296m (1,045m)
  • Net profit NOK 1,015m (923m)
  • Return on equity 15.4% (15.1%)
  • CET1 ratio 18.5% (19.1%)
  • Growth in group lending 1.5% (8.5%) in the second quarter
  • Lending to the bank’s retail customers rose 1.6% in the quarter (9.8%), 1.0 percentage point higher growth than in the previous quarter. Lending to the bank’s corporate clients rose 1.6% (6.8%) which was 0.1 percentage point higher growth than in the previous quarter
  • Growth in deposits was 3.9% (13.5%) in the second quarter
  • Deposits from retail customers rose 5.4% (15.1%), 3.8 percentage points higher growth than in the first quarter. Deposits from corporate clients climbed 6.3% (13.4%), 3.8 percentage points higher growth than in the previous quarter
  • The net result of ownership interests was NOK 148m (85m)
  • The net result of financial instruments (incl. dividends) was NOK 5m (2m)
  • Losses on loans and guarantees: NOK 47m (29m)
  • Earnings per equity certificate (EC): NOK 4.43 (4.21)
  • Book value per EC was NOK 117.31 (112.81) and the price of the bank’s EC (MING) was NOK 151.12 (141.00)
smn-investor-q2-2023
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Trond Søraas
Executive Director, Finance
+47 922 36 803
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+47 911 12 475
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