Second quarter report 2007

Financial highlights

Second quarter 2007
• Pre-tax operating profits before write-downs were up 19.5 per cent to NOK 4.0 billion (3.4)
• Profit for the period increased by 19.5 per cent to NOK 3.4 billion (2.9)
• Expenses were reduced to 49.1 per cent of income (50.7)
• Return on equity was 20.4 per cent (19.2)
• The core capital ratio, including 50 per cent of interim profits, was 7.4 per cent (6.9)

First half 2007
• Pre-tax operating profits before write-downs were up 10.2 per cent to NOK 7.8 billion (7.1)
• Profit for the period increased by 10.1 per cent to NOK 6.3 billion (5.7)
• Expenses were reduced to 49.4 per cent of income (49.5)
• Return on equity was 18.8 per cent (19.2)
• The core capital ratio, including 50 per cent of interim profits, was 7.4 per cent (6.9)