4061_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/arkiv
4061
Lower annual profit
statistikk
2009-07-14T10:00:00.000Z
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, 2008

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Lower annual profit

The annual profit for financial holding companies fell by 57 per cent from 2007 to 2008. The reduction was mainly due to lower operating income.

The annual profit went down from NOK 4.2 billion in 2007 to NOK 1.8 billion in 2008. The decline of NOK 1.5 billion in annual profits is mainly due to a reduction in income from subsidiaries and associated companies.

Total assets decreased by 12 per cent to NOK 91.5 billion in 2008. The main cause of the reduction in total assets is an 83 per cent decline in short dated claims on group- and associated companies - a reduction of NOK 13.3 billion.

Loans and other claims on group- and associated companies declined by NOK 3.8 billion during 2008, a reduction of 76 per cent. Bond holdings decreased by 46 per cent, from NOK 1.1 billion to 600 million.

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