90478_not-searchable
/en/bank-og-finansmarked/statistikker/orbofrk/kvartal
90478
Strong quarterly results in Norwegian banks continue
statistikk
2012-11-14T10:00:00.000Z
Banking and financial markets
en
orbofrk, Financial corporations, accounts, banks, mortgage companies, finance companies, state lending institutions, period result, profit and loss accountFinancial institutions and other financial corporations, Banking and financial markets
false

Financial corporations, accounts, Q3 2012

As from 2016 the statistics is published with Banks and mortgage companies.

Content

Published:

This is an archived release.

Go to latest release

Strong quarterly results in Norwegian banks continue

Norwegian banks’ pre-tax profit in the 3rd quarter of 2012 increased by NOK 9.4 billion. Gains on securities and currency counteracted a marginal decline in net interest income and a minor increase in losses on loans. The profit was NOK 2.6 billion higher than in the 3rd quarter of 2011.

Banks. Net interest income, profit and gain/loss on securities and currency. Q1 2005-Q3 2012. NOK million

Banks’ net profit before tax amounted to NOK 9.4 billion in the 3rd quarter of 2012, up NOK 2.6 billion compared to the same quarter last year. Measured as a percentage of total assets, the pre-tax profit fell from 0.26 per cent in the 2nd quarter of 2012 to 0.23 per cent in the 3rd quarter this year.

Net interest income stable

The net interest income was NOK 13.5 billion in the 3rd quarter this year, up from NOK 13.2 billion in the previous quarter. The banks’ net interest income has varied between NOK 13.2 billion and NOK 14 billion the previous three quarters. Net interest income as a percentage of total assets remained unchanged at 0.33 per cent in the 3rd quarter, compared to the previous period.

 

Banks. Selected items from the profit and loss statement. Q4 2008-Q3 2012. NOK million
 
 Net interest and
credit commission income		    Losses on loans    Net gains on
securities and currency		    Profit and loss
before tax for the
financial period		    Profit and loss
before tax as percentage
of total assets
 
Q3 201213 4961 2242 5279 4270.23
Q2 201213 1831 0602 02310 5530.26
Q1 201213 5451 1223 0359 5610.24
Q4 201113 9752 1141 4037 4660.19
Q3 201113 5151 157 5736 7950.18
Q2 201112 783 9571 49810 0440.28
Q1 201112 676 996 4446 5300.18
Q4 201012 837 9761 16510 0180.28
Q3 201013 455 7472 4138 4540.23
Q2 201011 8511 306-51011 0810.29
Q1 201011 801 9511 4168 2770.23
Q4 200912 2281 6441 5715 5710.15
Q3 200912 5632 6483 0207 8380.21
Q2 200912 2391 7112 5579 0910.24
Q1 200912 1582 9823 2846 5380.18
Q4 200814 1774 569-1 4542 0410.05
 

 

Moderate loan losses

Norwegian banks’ loan losses amounted to NOK 1.2 billion in the 3rd quarter of 2012. The loan losses increased slightly compared to the 3rd quarter last year and the 2nd quarter this year. The losses on loans have been stable at a low level for the past six quarters and have varied between 0.03 and 0.05 per cent of total assets.

Banks. Losses on loans. Q1 2005-Q3 2012. NOK million

Gains on securities and currency

Norwegian banks’ total gains on securities and currency increased to NOK 2.5 billion in the 3rd quarter this year, up from NOK 2 billion in the previous quarter. In the 3rd quarter last year, the net gains amounted to NOK 0.6 billion.

The losses in currencies in the previous period turned to gains in the 3rd quarter of 2012. The gains amounted to NOK 0.2 billion. The losses totalled NOK 1.1 billion in the 2nd quarter of 2012 and NOK 7.4 billion in the 3rd quarter of 2011.

Weak results for mortgage companies

Mortgage companies’ pre-tax profits were influenced by large fluctuations in financial derivatives, securities and currency in the last three quarters. In the 1st quarter this year, the mortgage companies had an unrealised loss on financial instruments. This turned to a moderate gain the following quarter, and then back again to a loss in the 3rd quarter of NOK 7.5 billion.

The pre-tax quarterly result was negative and came to NOK - 5.5 billion in the 3rd quarter. Net interest income remained stable, but fell slightly to NOK 3.3 billion in the 3rd quarter this year, down from NOK 3.4 billion in the previous quarter. Net interest income as a percentage of total assets was 0.2 per cent in the 3rd quarter this year, up from 0.12 per cent in the same quarter last year.

Positive results for finance companies

Finance companies’ pre-tax profits were NOK 0.8 billion in the 3rd quarter of 2012. This is an increase from NOK 0.6 billion in the 3rd quarter of 2011. As a percentage of total assets, the loan profits were 0.7 per cent.

Loan losses were still moderate and fell to NOK 93 million in the 3rd quarter this year. As a percentage of total assets, the loan losses were 0.08 per cent.

 

Tables

Published tables