Quarterly development

Income Statement

NOK 1 000	1. quarter 2016	4. quarter 2015	3. quarter 2015	2. quarter 2015	1. quarter 2015

Total interest income	958,801	933,888	953,317	985,788	1,006,916
Total interest expenses	-846,342	-838,460	-840,875	-889,343	-904,375
Net interest income	112,459	95,428	112,442	96,446	102,541
Net gains/losses from financial instruments	34,927	18,482	8,027	-18,586	225,925
Net other operating income	34,927	18,482	8,027	-18,586	225,925
Total operating income	147,386	113,910	120,469	77,860	328,467
Salaries and other ordinary personnel expenses	-3,100	-3,622	-2,409	-2,075	-2,594
Administration expenses	-2,722	-2,961	-2,419	-2,578	-2,667
Other operating expenses	-1,635	-3,003	-2,429	-1,904	-2,423
Depreciation/Amortization	-400	-438	-488	-547	-512
Total operating expenses	-7,857	-10,025	-7,745	-7,104	-8,196
Net profit before impairment losses	139,529	103,885	112,724	70,756	320,271
Write-downs on loans and guarantees	-	-	-	-	-
Pre-tax operating result	139,529	103,885	112,724	70,756	320,271
Tax expense	-34,882	1,477	-30,435	-19,104	-86,473
Net profit for the period	104,647	105,362	82,288	51,652	233,798
Other income and expense in comprehensive income	-	4,264	-	-	-
Total net profit for the period	104,647	109,626	82,288	51,652	233,798

NOK 1 000	1. quarter 2016	4. quarter 2015	3. quarter 2015	2. quarter 2015	1. quarter 2015

Assets
Lending to and deposits with credit institutions	11,442,842	8,083,543	16,896,170	13,049,194	14,824,479
Norwegian Government Treasury Bills	2,833,598	8,705,692	-	19,926	248,200
Bonds	45,244,165	42,113,662	28,522,929	16,361,109	19,680,901
Lending to customers	172,626,527	169,338,988	166,201,206	161,072,171	163,915,020
Financial derivatives	36,047,126	40,947,743	37,885,017	27,178,048	29,953,871
Other assets	2,571	3,671	4,692	3,696	2,631
Total assets	268,196,829	269,193,299	249,510,013	217,684,144	228,625,101

Liabilities and equity
Liabilities
Debt incurred by issuing securities	220,439,708	218,853,602	201,403,517	181,577,042	191,054,848
Collateral received under derivatives contracts	34,494,554	36,950,453	35,800,968	24,404,974	25,767,483
Financial derivatives	428,169	690,315	392,999	682,483	622,647
Deferred tax	370,561	370,561	234,604	234,604	234,604
Tax payable	34,882	-	-	-	-
Subordinated debt	2,434,192	2,434,380	2,434,246	1,953,999	1,954,021
Other Liabilities	152,245	156,116	305,434	275,084	283,302
Total liabilities	258,354,311	259,455,427	240,571,767	209,128,186	219,916,905

Equity
Paid in equity capital	9,258,470	8,568,470	8,268,470	8,268,470	8,268,470
Other paid in equity (not yet registered)	-	690,000	300,000	2,039	-
Accrued equity	374,328	374,328	2,039	285,449	2,039
Net profit	104,647	-	367,738	-	233,798
Declared dividend	105,074	105,074	-	8,503,595	203,890
Total equity	9,842,519	9,737,872	8,938,246		8,708,196
Total liabilites and equity	268,196,829	269,193,299	249,510,013	217,612,414	228,625,101