Nordea Bank Norge's net profit for the three months
ended 31 March 2013 amounted to NOK 1,022 million, up
4% from NOK 986 last quarter, corresponding to a
return on equity of 11.2% (11.8). Net interest income
increased by 1% to NOK 2,200 million (2,184), and
total operating expenses went down 9% to NOK 1,196
million (1,320). Net fee and commission income
amounted to NOK 550 million (646) and net result from
items at fair value ended at NOK 171 million (174).
Net loan losses fell 8% compared to the previous
quarter and amounted to NOK 371 million (403).
Operating profit was up 5% to NOK 1,414 million
(1,341).

Net loans to the public grew 1% compared to 3 months
ago to NOK 461 billion (456) and deposits from the
public ended at NOK 217 billion (219). Total assets
amounted to NOK 573 billion (582). Excluding
transition rules, the total capital ratio was 18.1%
(17.6) and Core Tier 1 capital ratio was 14.8%
(14.6). Including transition rules, the total capital
ratio was 13.0% (13.0) and...