90291_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/aar
90291
Lower annual profit
statistikk
2012-12-04T10:00:00.000Z
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, 2011

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Lower annual profit

The annual profit for financial holding companies decreased by 85 per cent from 2010 to 2011. The decrease was mainly due to a decline in income from subsidiaries and associated companies.

The annual profit decreased by NOK 9.7 billion, from NOK 10.6 billion in 2010 to NOK 877 million in 2011. The fall in annual profits is mainly due to a decline in income from subsidiaries and associated companies.

Total assets decreased by 6 per cent, from NOK 117 billion in 2010 to NOK 107 billion in 2011.

The main reason for the decrease is a fall in short-term claims on group companies.

Loans to group and associated companies increased by 107 per cent, from NOK 1.1 billion to NOK 2.2 billion. Long and short-term bond holdings decreased by 3 per cent to NOK 1.3 billion. There was also an increase in financial derivatives, from NOK 38 to NOK 55 million.

 

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