53348_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/aar
53348
Improved annual profits
statistikk
2011-07-13T10:00:00.000Z
Banking and financial markets
en
finhold, Financial holding companies, profit and loss account, balance sheet, utilised loans, securities, bonds, commercial papersFinancial institutions and other financial corporations, Banking and financial markets
false

Financial holding companies, 2010

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Improved annual profits

The annual profit for financial holding companies increased 80 per cent from 2009 to 2010. The increase was mainly due to higher operating income.

The annual profit increased by NOK 3.8.billion, from NOK 4.4 billion in 2009 to NOK 8.2 billion in 2010. This increase in annual profits is mainly due to a rise in income from subsidiaries and associated companies.

Total assets increased by 6 per cent, from NOK 110 billion in 2009 to NOK 117 billion in 2010.

The main reason for the increase is a rise in short-term claims on group and associated companies.

Loans and other claims on group and associated companies increased by 67 per cent, from NOK 7.2 billion to NOK 14.8 billion. Long and short-term bond holdings increased by 5 per cent, from NOK 1.2 billion to NOK 1.3 billion. There is also an increase in financial derivatives, from NOK 11 million to NOK 38 million.