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/en/bank-og-finansmarked/statistikker/orbofrk/kvartal
4579
Still strong results for banks
statistikk
2007-05-25T10:00:00.000Z
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, Q1 2007

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

Content

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Still strong results for banks

2006 was an extremely good year for banks, and preliminary figures show that the strong results continue in 2007. Banks’ net interest income was more than NOK 9.5 billion, and the profits were NOK 5.4 billion in the first quarter of 2007.

Banks. Net interest income, losses and profit and loss. Q4 2001-Q1 2007

Net interest income in the first quarter of 2007 came to a substantial NOK 9.5 billion, the same as in the previous quarter. Net interest income for 2006 as a whole was NOK 36 billion, an increase of more than NOK 3 billion from 2005.

First quarter profit came to 5.4 billion. This is an increase from the first quarter the year before, but a 1.8 billon decrease from the previous quarter. The profit in the first quarter 2007 is the third highest quarterly profit ever for banks in Norway. The extremely good results in the 4th quarter 2006 are partly due to one single bank’s large profit on sales of long term securities (1.1 billion) and also income from shares.

Banks. Net interest earnings, losses
and profit and loss. Q4 2004-Q1 2007.
NOK million
 
  Net interest
earnings		 Losses on
loans etc.		 Profit and loss
for the
financial period
 
Q4 2004 8 193  276 3 974
Q1 2005 8 042  179 4 036
Q2 2005 7 822 -773 4 918
Q3 2005 8 384 -396 4 988
Q4 2005 8 824 -220 5 700
Q1 2006 8 333 -319 5 065
Q2 2006 9 313 -136 4 799
Q3 2006 9 181 -531 5 007
Q4 2006 9 504 -418 7 162
Q1 2007 9 506 0 5 358
 

No more net write-back of losses?

The net losses in 1st quarter 2007 were zero, and this is the first quarter Norwegian banks did not have a net write-back of losses in two years. The net write-back of losses in the fourth quarter of 2006 were NOK 0.4 billion and the total in 2006 were NOK 1.4 billion. Net write back of losses has been a substantial contribution to the banks’ profits in these quarters.

 

Tables

Published tables