sparebank 1 sr- bank group 2nd quarter 2005. 2 very good results- low level of loss and high return...

SpareBank 1 SR-Bank Group2nd Quarter 2005

Very good results- low level of loss and high return on financial investmentsGroup profit before tax: NOK 498 million (NOK 367 million).High return on equity after tax: 22.5 % (19.3 %).Annual lending growth (12m growth): 12,7% (8,4%) including Corporate Market: 17,2% and Retail Market 10,7%.Annual growth in deposits from customers (12 m growth): 17 % (10.6 %), including Corporate Market 7,3% and Retail Market 28,8%.Net loss: NOK 2 million (NOK 62 million).Net revenue on financial investments: NOK 155 million (NOK 104 million)Net commission income: NOK 177 million (NOK 161 million).Result pr PCC: NOK 8,6 (NOK 6,6). (Figures from corresponding period in 2004 in parenthesis)

Profit and loss account

Ark1

Q1Q4Q3Q2Q1

NOK million20052004200420042004

Net interest income281292282289266

Net gain/loss on foreign exchange and financial instruments1616131618

Other operating income127149128137117

Operating expenses-219-226-211-227-217

Profit before losses and write-downs - banking operations205231212215184

Net gain/loss on securities trading151611733

Dividends41193

Income from investment in associates1418989

Allocations to personnel packages0-300-15

Capital losses on non-financial assets-12-13-11-12-13

Profit before impairment losses226250222228201

Impairment losses on loans and guarantees30192735

Result of ordinary activities223250203201166

1.kv.4.kv.3.kv.2.kv.1.kv.

Belp i millioner kroner20052004200420042004

Netto renteinntekter281292282289266

Kursgevinster valuta/renter1616131618

Andre driftsinntekter127149128137117

Driftskostnader-219-226-211-227-217

Resultat fr tap og nedskr - Bankdrift205231212215184

Kursgevinster verdipapirer151611733

Utbytte41193

Inntekter tilknyttede selskap1418989

Omstillingskostnader0-300-15

Verdiendring p ikke-finansielle eiendeler-12-13-11-12-13

Resultat fr tap226250222228201

Netto tap30192735

Resultat av ordinr drift223250203201166

Ark2

Q2Q2Jan-Dec

NOK million200520042004

Net interest income5635551,129Net interest income

Commission income210194405Commission income

Commission expenses-33-33-64Commission expenses

Other operating income9993190Other operating income

Net commission and other income276254531Net commission and other income

Dividend income161214Dividend income

Income from investment in associates341744Income from investment in associates

Net gains/losses on financial instrumentNet gains/losses on financial instrument valued at fair value

valued at fair value10575131Net return on investment securities

Net return on investment securities155104189Total income

Total income9949131,849Personnel expenses

Personnel expenses261269522Administrative expenses

Administrative expenses136124242Capital losses on non-financial assets

Capital losses on non-financial assets232549Other operating expenses

Other operating expenses7466135Total operating expenses

Total operating expenses494484948Operating profit before impairment losses

Operating profit before impairment losses500429901Impairment losses on loans and guarantees

Losses on loans and guarantees26281Operating profit before tax and minority interests

Tax expense10997206Tax expense

Minority interests313Minority interests

Net profit386269611Net profit

Ark3

Key Figures*Excluding gain/loss on securities trading**Excl. EUR 270 mill revolving credit facility

Ark1

30.06.30.06.

20052004

Return on equity22.5 %19.3 %

Interest Rate Margin1.85%2.06%

Cost/income ratio - parent bank *49.90%52.5 %

Cost/income ratio - Group *53.4 %55.5 %

Loss percentage0.0 %0.3 %

Annual growth in loans to customers12.7 %8.4 %

Annual growth in deposits from customers17.0 %10.6 %

Deposit-to-loan ratio63.8 %61.4 %

Capital adequacy ratio12.5 %12.9 %

Core capital ratio8.69%8.68%

Norges Bank's liquidty indicator**100.9 %98.2 %

Number of full-time positions813812

Number of offices5050

Market price at end of period186110

Result per primary capital certificate8.66.6

Ark2

Ark3

Underlying banking operations

Ark1

Q1Q4Q3Q2Q1

NOK million20042004200420042004

Dividend41193Net interest income

Income from investment in associates1418983Adjustments - interest

Net gain/loss on securities trading151611733Net profit on exchange

Net gain/loss on foreign exchange and financial instruments1616131618Other operating income

Payment facilities4039463836Operating costs

Savings products2019162119Profit before losses and write-downs - banking operations

Insurance products1929191818Net profit/loss on securities trading

Commission income EiendomsMegler 13948415239Dividends

Other commission income9146911Income on ownership stakes

Net other operating income176200162178180Gain on sale of buildings

Allocations to personnel packages

Profit before losses and write-downs

Q2Q1Q4Q3Q2Loss/gain on long-term financial assets

NOK million20052005200420042004Loss on loans and guarantees

Net interest income282281292282289Result of ordinary activities


Other commission income149127149128137

Operating expenses-263-231-239-222-239

Profit before losses and write-downs - Banking operations191193218201203


Dividend124119


Allocations to personnel packages00-300

Operating profit before impairment losses274226250222228

Impairment losses on loans and guarantees-1301927

Result of ordinary activities275223250203201

Operating profit before impairment losses

Impairment losses on loans and guarantees

Operating profit before tax and minority interests

Ark2

Ark3

Change in net interest income

Ark1

Belp i millioner kroner (hittil i r)31.03. 2005Endringer31.03.2004


Herav:

Bortfall av sikringsfondsavgift11

Utlnsvolum, morbank17

Innskuddsvolum, morbank6

Utlnsmarginer, morbank-20

Innskuddsmarginer, morbank-2

Utlnsgebyr, morbank-

Egenkapital-

Reduserte renteinntekter SpareBank 1 SR-Finans-2

vrige poster (hovedsakelig redusert fundingkost)2

NOK million06.30.2005Change06.30.2004

Net interest income5638555

Of this:

Exemption of guarantee fund contribution0

Lending volume, parent bank34

Deposit volume, parent bank14

Lending margins, parent bank-54

Deposit margins, parent bank2

Bank charges/fees, parent bank-1

Net funding effect on equity5

Other (mainly reduced funding cost)8

Ark2

Q1Q1Jan-Dec

NOK million200520042004

Net interest income2812661,129Net interest income

Commission income10293405Commission income

Commission expenses-15-16-64Commission expenses

Other operating income4040190Other operating income

Net commission and other income127117531Net commission and other income

Dividend income4314Dividend income

Income from investment in associates14944Income from investment in associates

Net gains/losses on financial instrumentNet gains/losses on financial instrument valued at fair value

valued at fair value3151131Net return on investment securities

Net return on investment securities4963189Total income

Total income4574461,849Personnel expenses

Personnel expenses123138522Administrative expenses

Administrative expenses6362242Capital losses on non-financial assets

Capital losses on non-financial assets121349Other operating expenses

Other operating expenses3332135Total operating expenses

Total operating expenses231245948Operating profit before impairment losses

Operating profit before impairment losses226201901Impairment losses on loans and guarantees

Impairment losses on loans and guarantees33581Operating profit before tax and minority interests

Tax expense5544206Tax expense


Net profit167121611Net profit

Ark3

Balance (NOK million)3/31/053/31/041/1/05

Cash and balances with central banks349302942Cash and balances with central banks

Balances with credit institutions1681,06267Balances with credit institutions

Gross loans to customers55,60849,81954,418Gross loans to customers

- individually impairment losses on loans provisions-219-291-222- individually impairment losses on loans provisions

- collectively impairment losses on loans provisions-176-375-176- collectively impairment losses on loans provisions

Net loans to customers55,21349,15354,020Net loans to customers

Certificates, bonds and other fixed-income securities3,0192,3952,867Certificates, bonds and other fixed-income securities

Gains/losses on derivatives held for hedging4640492Gains/losses on derivatives held for hedging

Shares, ownership stakes and other securities with variable return381337395Shares, ownership stakes and other securities with variable return

Investment in associates317209294Investment in associates

Investment in subsidiaries000Investment in subsidiaries

Tangible fixed assets304343309Tangible fixed assets

Other assets441410461Other assets

Total assets60,65654,21159,847Total assets

Balances with credit institutions3,3433,3322,690Balances with credit institutions

Deposits from customers34,48529,64333,062Deposits from customers

Listed debt securities14,97314,69117,111Listed debt securities

Gains/losses on derivatives held for hedging4620488Gains/losses on derivatives held for hedging

Other liabilities1,5141,3841,388Other liabilities

Subordinated loan capital2,5892,4711,760Subordinated loan capital

Total liabilities57,36651,52156,499Total liabilities

Primary capital certificates905905905Primary capital certificates

Holding of own primary capital certificates-3-40Holding of own primary capital certificates

Premium reserve201820Premium reserve

Dividend equalisation reserve834588843Dividend equalisation reserve

Proposed dividend00208Proposed dividend

Savings bank's reserve1,3011,0281,301Savings bank's reserve

Other equity633169Other equity

Profit/loss at period end1671210Profit/loss at period end


Total equity3,2902,6903,348Total equity

Total liabilities and equity60,65654,21159,847Total liabilities and equity

Development in interest margins

Diagram1

1.450.962.41

1.510.82.31

1.60.72.3

1.580.682.26

1.490.732.22

1.50.82.3

1.420.862.28

1.450.862.31

1.440.852.29

1.410.822.23

1.410.82.21

1.430.812.24

1.370.742.11

1.360.742.1

1.350.742.09

1.340.742.08

1.210.792

1.140.841.98

Lending margin

Deposit margin

Total margin

Utv.Rte.Margin PM BM

Jun-05May-05Apr-05Mar-05Feb-05Jan-05Dec-04Nov-04Oct-04Sep-04Aug-04Jul-04Jun-04May-04Apr-04Mar-04Feb-04Jan-04Dec-03Nov-03Oct-03Sep-03Aug-03Jul-03Jun-03May-03Apr-03Mar-03

Utlnsmargin - BM-div.1.251.351.421.41.341.431.591.471.491.651.681.531.711.591.641.561.491.451.971.491.591.791.431.531.711.461.311.57

Innskuddsmargin - BM-div.0.350.350.330.340.380.380.390.380.40.430.430.410.360.350.380.460.540.680.730.50.570.580.570.740.870.620.620.66

Utlnsmargin - PM1.111.171.321.331.371.351.371.391.391.371.371.391.441.461.561.611.521.441.271.221.461.951.81.971.731.491.541.54

Innskuddsmargin - PM1.161.11.041.021.000.991.071.051.061.091.11.111.070.970.850.830.941.11.341.341.210.820.840.80.991.030.970.99

Lending marginDeposit marginTotal margin

Mar-031.550.892.44

Apr-031.530.862.39

May-031.480.92.38

Jun-031.670.952.62

Jul-031.850.782.63

Aug-031.70.762.46

Sep-031.910.752.66

Oct-031.491.012.5

Nov-031.291.072.36

Dec-031.451.142.59

Jan-041.450.962.41

Feb-041.510.82.31

Mar-041.60.72.3

Apr-041.580.682.26

May-041.490.732.22

Jun-041.50.82.3

Jul-041.420.862.28

Aug-041.450.862.31

Sep-041.440.852.29

Oct-041.410.822.23

Nov-041.410.82.21

Dec-041.430.812.24

Jan-051.370.742.11

Feb-051.360.742.1

Mar-051.350.742.09

Apr-051.340.742.08

May-051.210.792

Jun-051.140.841.98


1.250.351.111.16

1.350.351.171.1

1.420.331.321.04

1.40.341.331.02

1.340.381.371

1.430.381.350.99

1.590.391.371.07

1.470.381.391.05

1.490.41.391.06

1.650.431.371.09

1.680.431.371.1

1.530.411.391.11

1.710.361.441.07

1.590.351.460.97

1.640.381.560.85

1.560.461.610.83

1.490.541.520.94

1.450.681.441.1

Nkkeltall

1.250.35

1.350.35

1.420.33

1.40.34

1.340.38

1.430.38

1.590.39

1.470.38

1.490.4

1.650.43

1.680.43

1.530.41

1.710.36

1.590.35

1.640.38

1.560.46

1.490.54

1.450.68

Utlnsmargin - BM-div.

Innskuddsmargin - BM-div.

Underliggende drift

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

Utlnsmargin - PM

Innskuddsmargin - PM

Resultat

Utlnsmargin

Innskuddsmargin

Sum marginer

Utvikling i marginer

Balanse

2.kvartal2.kvartal

20052004

2.kvartal2.kvartal

20052004

Egenkapitalavkastning etter skatt22.5 %19.3 %

Rentemargin1.85%2.06%

Kostnadsprosent- Morbank ex.kursgev. v.p. (NRS)49.9 %52.5 %

Kostnadsprosent- Konsern ex. kursgev. v.p. (IFRS)53.4 %55.5 %

Tapsprosent0.01%0.3 %

Utlnsvekst, brutto (12 mnd)12.7 %8.4 %

Innskuddsvekst (12 mnd)17.0 %10.6 %

Innskudd/brutto utln63.8 %61.4 %

Kapitaldekning12.54%12.94%

Kjernekapitaldekning8.69%8.68%

Norges Banks likviditetsindikator (ekskl. trekkfasilitet*)100.9 %101.1 %

Antall rsverk834812

Antall kontorer5050

Brskurs ved kvartalslutt186110

Resultat pr. grunnfondsbevis8.66.6

2.kvartal2.kvartal

20052004





Norges Banks likviditetsindikator (ekskl. trekkfasilitet)100.4 %

Antall rsverk834812

Antall kontorer5050







Kapitaldekning

2.kvartal1.kvartal4.kvartal3.kvartal2.kvartal








Utbytte124119


Omstillingskostnader730-300



Netto tap2301927


Endr. netto rte.innt.

2. kvartal2. kvartalret

Belp i millioner kroner (hittil i r)200520042004

Netto renteinntekter5635551,129

Provisjonsinntekter210194405

Provisjonskostnader-33-33-64


Netto provisjons- og andre inntekter276254531

Utbytte161214

Inntekter av eierinnteresser341744

Netto verdiendring p finansielle eiendeler

vurdert til virkelig verdi10575131

Netto avk. p finansielle investeringer155104189

Sum inntekter9949131,849

Personalkostnader261269522

Administrasjonskostnader136124242

Nedskr/verdiendr p ikke-finans eiendeler232549

Andre driftskostnader7466135

Sum driftskostnader494484948


Tap p utln og garantier26281

Skattekostnad10997206

Minoritetsinteresser313

Overskudd386269611

Fordeling utl.innsk.

Balanse (i mill. kr)6/30/056/30/041/1/05

Kontanter og fordringer p sentralbanker1,132615942

Fordringer p kredittinstitusjoner30781167

Brutto utln til kunder57,67951,17954,418

- Spesifiserte nedskrivninger-222-286-222

- Nedskrivninger p grupper av utln-169-375-176

Netto utln til kunder57,28850,51854,020

Sertifikater, obligasjoner og andre verdipapir med fast avk.3,1842,3872,867

Verdiendringer p sikringsobjekter4210492

Aksjer, andeler og andre verdipapirer til kost.808

Aksjer, andeler og andre verdipapirer til markedsverdi500370387

Investering i tilknyttede selskap380245294

Investering i konsernselskap000

Varige driftsmidler303341309

vrige eiendeler497572461

Eiendeler64,02055,85959,847

Gjeld til kredittinstitusjoner3,7902,9432,690

Innskudd fra kunder36,79131,43833,062

Gjeld stiftet ved utstedelse av verdipapirer15,41614,91917,111


Annen gjeld1,5161,2381,388

Ansvarlig lnekapital2,5722,4781,760

Sum gjeld60,50653,01656,499

Grunnfondsbevis1,131905905

Beholdning av egne grunnfondsbevis000

Overkursfond212120

Utjevningsfond615593843

Avsatt utbytte00208

Sparebankens fond1,3011,0281,301

Annen egenkapital552469

Periodens resultat3862690

Minoritetsinterresser532

Sum egenkapital3,5142,8433,348

Gjeld og egenkapital64,02055,85959,847

Tap utl.gar.

30-Jun%30-Jun%


Sparebankens fond1,3243.201,0602.95

Grunnfondskapital11302.739052.52

Utjevningsfond7041.707262.02

Overkursfond210.05210.06

Fondsobligasjon4901.184671.30

Goodwill og andre immat. eiendeler-74-0.18-61-0.17

Kjernekapital3,5958.693,1188.68

Tilleggskapital2,0274.901,8755.22

- Tidsbegrenset1,5533.761,3253.69

- Evigvarende4741.155501.53

Fradrag i ansvarlig kapital-435-1.05-344-0.96

Netto ansvarlig kapital5,18712.544,64912.94

Totalt beregningsgrunnlag41,35435,930

Ark1



Herav:





Innskuddsmarginer, morbank2

Utlnsgebyr, morbank-1

Egenkapital5

vrige poster8

Andre dr.kostnader

BM2.kvartal 2005

Utln32.1 %18,515

Innskudd

PM

Utln67.9 %39,164

Innskudd

UtlnInnskudd

BMPMBMPM

I %I NOKI %I NOKI %I NOKI %I NOK

4.kv-0431.5 %17,13668.5 %37,26400

1.kv-05

2.kv-0532.1 %18,51567.9 %39,16449.8 %18,32250.2 %18,469

57,67936,791

54,40033,100

Andre dr.kostnader

0

0

30.06.05

Andre Inntekter

0

0

30.06.05

Utv.Rte.margin

Belp i millioner kronerJan-Jun 2005Jan-Mar 2005Jan-Des 2004Jan-Sep 2004Jan-Jun 2004

Personkunder91120

Bedriftskunder-72807962

Netto tap23818162


Nye spesifiserte tap228173143113

Tilbakefrte tap/Amortisering-20-5926251

Netto tap23818162

Tapsprosent (annualisert)0.010.020.140.200.24


Spesifiserte nedskrivninger22219222260286

Nedskrivninger p grupper av utln169176372375375

Tapsavsetning totalt391395594635661

2.kv.1.kv.4.kv.3.kv.2.kv.1.kv.



Omstillingskostnader0030015


Verdiendring p ikke-finansielle eiendeler111213111213



2.kv1.kv.4.kv.3.kv.2.kv.1.kv.


Utbytte1241193




Betalingsformidling404039463836

Sparing/Plassering222019162119

Forsikring191929191818

Provisjonsinntekter EiendomsMegler 1533948415239

vrige provisjonsinntekter159146911

Sum andre driftsinntekter255176200162178180

2.kv1.kv.4.kv.3.kv.2.kv.


Utbytte124119




Sum avk. p finansielle investeringer10649513441

2.kv1.kv.4.kv.3.kv.2.kv.







Netto Provisjons- og andre inntekter149127149128137

199419951996199719981999200020012002200320041.kvartal 20052.kvartal 20051.halvr 2005



Interbankprovisjoner24557569760

Garantiprovisjoner10101010111211152121180

Provisjonskostnader-26-8-11-17-17-7-7-50

Valuta og finansielle instrumenter1814161930254036285564162339

Sparing og plassering521222829264771546077202242

Forsikring6676101549606883191938

Eiendomsomsetning1924273235496887127152180395392

Andre provisjoner og gebyrer201419252836244624242591524

Sum andre inntekter161162181199230259306415441517595143172315

162181

Andre inntekter i % av sum inntekter22.5 %22.4 %22.4 %24.7 %29.8 %29.6 %32.1 %34.5 %33.7 %37.9 %35.9 %

199419951996199719981999200020012002200320041.kv 20052.kv 2005

Andre innt. i % av sum innt.2120.521.222.522.422.424.729.729.632.134.533.637.9

891994101994185199419201994

7121019951421624141995

7741019961622627191996

99510-261928732250.225

94511-83029635280.2239532619

105712-1125261049360.2244367418

113511-1740471568240.2467741935

122615-1736714987460.2977044476

125921-7285460127240.2957746479

137721-7556068152240.320719603

147618-5647783180250.3451276102

Betalingsformidling

Interbankprovisjoner

Garantiprovisjoner

Provisjonskostnader

Valuta og finansielle instrumenter

Sparing og plassering

Forsikring

Eiendomsomsetning

Andre provisjoner og gebyrer

Andre inntekter i % av sum inntekter

MNOK

Andre innt - %

21

20.5

21.2

22.5

22.4

22.4

24.7

29.7

29.6

32.1

34.5

33.6

37.9

Andre innt. i % av sum innt.

Andelen andre innt. i % av sum inntekter ker

1.450.961.91059844541.99

1.510.81.92589891132.01

1.60.71.97585871292.06

1.580.681.91047238591.99

1.490.731.83224449521.91

1.50.82.39001507361.99

1.420.861.92740396951.93

1.450.861.907937421608.04

1.440.851.999788559709.04

1.410.821.851492173310.04

1.410.81.947674884811.04

1.430.812.032971622312.04

1.370.741.797786472701.05

1.360.741.796814087702.05

1.350.741.815853957303.05

1.340.741.791502023204.05

1.210.791.711812640205.05

1.140.841.770519490206.05

Utln

Innskudd

Netto rentemargin

Korr avgift

%


MBD00036CA0.xls

MBD0012C809.xls

MBD00126513.xls

Strong growth in lending to the corporate market

Diagram2

0.321

0.679

CM 32,1%

06.30.05

RM 67,9%





Utlnsmargin - PM1.111.171.321.331.371.351.371.391.391.371.371.391.441.461.561.611.521.441.271.221.461.951.81.971.731.491.541.54



0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

Nkkeltall

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00



Underliggende drift

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

Utlnsmargin - PM


Resultat

2.kvartal2.kvartal

20052004






Antall rsverk834812

Antall kontorer5050







2.kvartal2.kvartal

20052004






Antall rsverk834812

Antall kontorer5050







Balanse









Utbytte124119





Netto tap2301927


Kapitaldekning








Utbytte161214















Overskudd386269611


Balanse (i mill. kr)6/30/056/30/041/1/05















Eiendeler64,02055,85959,847





Annen gjeld1,5161,2381,388


Sum gjeld60,50653,01656,499



Overkursfond212120


Avsatt utbytte00208








30-Jun%30-Jun%







Goodwill og andre immat. eiendeler0.000.00



- Tidsbegrenset0.000.00





Tap utl.gar.



Herav:







Egenkapital5

vrige poster8

Ark1

BM2.kvartal 2005

Utln32.1 %18,515

Innskudd

PM

Utln67.9 %39,164

Innskudd

UtlnInnskudd

BMPMBMPM


4.kv-0431.5 %17,13668.5 %37,26400

1.kv-05

2.kv-0532.1 %18,51567.9 %39,16449.8 %18,32250.2 %18,469

57,67936,791

54,40033,100

Ark1

0

0

30.06.05

Andre dr.kostnader

0

0

30.06.05

Andre Inntekter


Personkunder91120


Netto tap23818162




Netto tap23818162






Utv.Rte.margin











Utbytte41193


















Forsikring6676101549606883191938




162181


199419951996199719981999200020012002200320041.kv 20052.kv 2005


891994101994185199419201994

7121019951421624141995

7741019961622627191996

99510-261928732250.225

94511-83029635280.2239532619

105712-1125261049360.2244367418

113511-1740471568240.2467741935

122615-1736714987460.2977044476

125921-7285460127240.2957746479

137721-7556068152240.320719603

147618-5647783180250.3451276102

Betalingsformidling


Garantiprovisjoner

Provisjonskostnader



Forsikring

Eiendomsomsetning



MNOK

Andre innt - %

0

0

0

0

0

0

0

0

0

0

0

0

0



1.450.961.91059844541.99

1.510.81.92589891132.01

1.60.71.97585871292.06

1.580.681.91047238591.99

1.490.731.83224449521.91

1.50.82.39001507361.99

1.420.861.92740396951.93

1.450.861.907937421608.04

1.440.851.999788559709.04

1.410.821.851492173310.04

1.410.81.947674884811.04

1.430.812.032971622312.04

1.370.741.797786472701.05

1.360.741.796814087702.05

1.350.741.815853957303.05

1.340.741.791502023204.05

1.210.791.711812640205.05

1.140.841.770519490206.05

Utln

Innskudd

Netto rentemargin

Korr avgift

%


MBD00126513.xls

MBD00036CA0.xls

High growth in deposits from corporate customers

Diagram3

0.498

0.502

CM 49,8%

06.30.2005

RM 50,2%





Utlnsmargin - PM1.111.171.321.331.371.351.371.391.391.371.371.391.441.461.561.611.521.441.271.221.461.951.81.971.731.491.541.54



0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

0000

Nkkeltall

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00



Underliggende drift

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

Utlnsmargin - PM


Resultat

2.kvartal2.kvartal

20052004






Antall rsverk834812

Antall kontorer5050







2.kvartal2.kvartal

20052004






Antall rsverk834812

Antall kontorer5050







Balanse









Utbytte124119





Netto tap2301927


Kapitaldekning








Utbytte161214















Overskudd386269611


Balanse (i mill. kr)6/30/056/30/041/1/05















Eiendeler64,02055,85959,847





Annen gjeld1,5161,2381,388


Sum gjeld60,50653,01656,499



Overkursfond212120


Avsatt utbytte00208








30-Jun%30-Jun%







Goodwill og andre immat. eiendeler0.000.00



- Tidsbegrenset0.000.00





Tap utl.gar.



Herav:







Egenkapital5

vrige poster8

Ark1

BM2.kvartal 2005

Utln32.1 %18,515

Innskudd

PM

Utln67.9 %39,164

Innskudd

UtlnInnskudd

BMPMBMPM


4.kv-0431.5 %17,13668.5 %37,26400

1.kv-05

2.kv-0532.1 %18,51567.9 %39,16449.8 %18,32250.2 %18,469

57,67936,791

54,40033,100

Ark1

0

0

30.06.05

Andre dr.kostnader

0

0

30.06.05

Andre Inntekter


Personkunder91120


Netto tap23818162




Netto tap23818162






Utv.Rte.margin











Utbytte41193


















Forsikring6676101549606883191938




162181


199419951996199719981999200020012002200320041.kv 20052.kv 2005


891994101994185199419201994

7121019951421624141995

7741019961622627191996

99510-261928732250.225

94511-83029635280.2239532619

105712-1125261049360.2244367418

113511-1740471568240.2467741935

122615-1736714987460.2977044476

125921-7285460127240.2957746479

137721-7556068152240.320719603

147618-5647783180250.3451276102

Betalingsformidling


Garantiprovisjoner

Provisjonskostnader



Forsikring

Eiendomsomsetning



MNOK

Andre innt - %

0

0

0

0

0

0

0

0

0

0

0

0

0



1.450.961.91059844541.99

1.510.81.92589891132.01

1.60.71.97585871292.06

1.580.681.91047238591.99

1.490.731.83224449521.91

1.50.82.39001507361.99

1.420.861.92740396951.93

1.450.861.907937421608.04

1.440.851.999788559709.04

1.410.821.851492173310.04

1.410.81.947674884811.04

1.430.812.032971622312.04

1.370.741.797786472701.05

1.360.741.796814087702.05

1.350.741.815853957303.05

1.340.741.791502023204.05

1.210.791.711812640205.05

1.140.841.770519490206.05

Utln

Innskudd

Netto rentemargin

Korr avgift

%


MBD00126513.xls

MBD00036CA0.xls

High return on financial investments

Ark1

2Q1Q4Q3Q2Q1.kv.

NOK million200520052004200420042004

Dividend1241193




Total return on financial investments1064951344136

19

18

39

11

180

Ark2

Ark3

Healthy growth in net commision- and Other operating income

Ark1

Q2Q1Q4Q3Q2

NOK million2,0052,0042,0042,0042,004

Payment facilities4040394638

Savings products2220191621

Insurance products1919291918

Commission income EiendomsMegler 15339484152

Other commission income1591468

Net other operating income149127149128137

1.kv.4.kv.3.kv.2.kv.1.kv.


Utbytte41193










Ark2

Ark3

Other operating income in % of total income is increasing*Excluding gain/loss on securities trading, dividend and ownership stakesFinancial statements before 2004 is not prepared according to IFRS

Subsidiaries

Ark1

NOK millionQ2 2005Q2 2004

EiendomsMegler 1 AS

Number of sales2,4522,397

Profit from ordinary activities before tax11.814.4

SpareBank 1 SR-Finans AS

Total assets1,8951,665


SR Forvaltning ASA

Portfolio3,4802,560


Ark2

Ark3

Operating costs

Ark1

Personnel expenses

Administrative expenses

Capital losses on non-financial assets

Other operating expenses

Total operating expenses

Q2Q1Q4Q3Q2

NOK million20052004200420042004

Personnel expenses138123124126131123

Allocations to personnel packages0030015

Administrative expenses736366526262

Capital losses on non-financial assets111213111213

Other operating expenses413336333432

Total operating expenses263231242222239245

Ark2

Ark3

Cost/income ratio - parent bankFigures prior to 2004 are calculated according to NRS (Norwegian accounting standards)Excluding gain/loss on securities trading

Loss on loans and guarantees

Ark1

NOK million20042003

EiendomsMegler 1



SpareBank 1 SR-Finans


Profit from ordinary activities before tax20.8-10.0

SR Forvaltning ASA

Portfolio2,9642,246


Ark2

NOK millionJan-Jun 2005Jan-Mar 2005Jan-Des 2004Jan-Sep 2004Jan-Jun 2004

Retail customers91120

Corporate customers-72807962

Net losses on loans and guarantees23818162


New specified losses228173143113

Reversed losses-20-5926251


Loss percentage (annualized)0.010.020.140.200.24


Specified loss provisions22219222260286

Unspecified loss provisions169176372375375

Total loss provisions391395594635661

Ark3

Gross non-performing loans

Financial Goals

*SR-Banks goal is to achieve a 15% return on equity, or to achieve a return on equity that places the bank among the top 1/3 of all comparable banks operating within Norway.

Ark1

NOK million20042003

EiendomsMegler 1



SpareBank 1 SR-Finans


Profit from ordinary activities before tax20.8-10.0

SR Forvaltning ASA

Portfolio2,9642,246


Ark2

NOK millionJan-Dec 2004Jan-Sep 2004Jan-Jun 2004Jan-Mar 2004Jan-Dec 2003

Retail customers120229

Corporate customers80796233221



New specified losses17314311368358

Reversed losses92625133108


Loss percentage (annualized)0.140.200.240.280.49


Specified loss provisions222260286291316

Unspecified loss provisions372375375375375

Total loss provisions594635661666691

Ark3

NOK million% of

profit

Profit for the year583

From reserve for valuation variances0

For allocation583100.0 %

Dividend (NOK 23 per primary capital certificate)20835.7 %

Equalization reserve13222.7 %

The savings bank's reserve18331.3 %

Endowment fund6010.3 %

Total583100.0 %

Ml06.30.

2005

EK-avkastning etter skatt15%*22.5 %

Kjernekapitaldekning8%8.7 %

Kapitaldekning12%12.5 %

Kostnadsprosent morbank

Ekskl. kursgevinster v.p.50%49.9 %

Market trends - Corporate marketHigher level of investments within local business and industryGood resultsFocus on off-balance products an increase of 28% in income on off-balance products compared to the same period last yearPositiv development in the risk profile of the credit portfolioa low level of loss and defaultHigh level of customer satisfactionEmphasis on the market for occupational pensions

Market trends - Retail marketThe development in the Retail market has been good in the last 6 months, and has been characterised by good growth in balanceIncreased other operating incomeLow level of lossThe retail market has had a particularly strong development within deposits, loans and productareas generating other operating income.A new office, which has been very well received has been opened in Grimstad.New products have been launched:Savings-/Pensions- relatedCar financingYouth concept

Sparebank 1 SR-Bank expands market area - opens new office in BergenWe consider Hordaland an exiting and attractive market.The expansion to Bergen/Hordaland is based on an established and profitable market consept.The office will be in operation in the course of the first half of 2006.Two appointmenst have been made: Regional Director Corporate Market, and Regional Director Retail MarketThe office will start off with 15 employees.We currently have approx. 4800 customers in Hordaland, representing a lending volume of approx. 2,2 bn NOK.

Basel IILevel of Ambition Sparebank 1 SR-BankCredit riskIRB Foundation for the Corporate Market PortfolioIRB Retail for the Retail Market PortfolioOperational riskStandard method

Plan of implementationAll methods from 01.01.07

StatusA task gruop was established for the Basel II preparations in 2002Basel II adjustments are going according to plan, and a formal application will be sent to The Financial Supervisory Authority of Norway within 09.30.05

The Primary Capital Certificate - ROGGSplit and emisjon carried out in Q2 2005Trading volume Q2: 10,7 % (6,7 %*)Number of ROGG owners: 9.235 (7.840)Distribution of owners:Owners from Rogaland and Agder: 45,2 % (47,2 % only Rogaland)Non-domestic owners: 18,3 % (14,8 %) 10 largest owners: 25,8 % (25,9 %)20 largest owners: 31,6 % (32,5 %)Dividend yield 06.30.2005**:ROGG: 35,6 %GFBX: 19,7 %OSEBX: 19,7 %*(Q2 2004 in paranthesis)**Rise in share value + paid dividend expressed as a percentageof the share value 01.01.2005

Rising share value

Diagram1

10038168100

100.914076782438169100.7577609386

101.64533820843817099.5404546566

103.10786106033817399.902224395

103.839122486338174100.019555121

104.57038391223817598.8266927402

103.83912248633817698.8169151797

103.47349177333817798.8853581032

102.37659963443818098.3231483745

102.37659963443818198.6995844537

104.20475319933818298.176484967

105.30164533823818398.4649230017

106.03290676423818498.2595942312

106.39853747713818797.1400635541

106.76416819013818896.9640674652

109.6892138943818997.7169396236

109.3235831813819096.9054021022

109.6892138943819197.2769494011

108.9579524683819496.8369591787

109.6892138943819597.1058420924

109.6892138943819697.8391591298

108.5923217553819798.7875824982

109.3235831813819898.6115864092

109.6892138943820199.2129063799

109.6892138943820299.824003911

108.5923217553820399.3106819848

107.86106032913820498.2302615497

108.04387568563820596.0547543388

108.5923217553820895.1845514544

109.3235831813820996.0498655585

108.5923217553821094.9596675629

109.6892138943821195.8494255683

110.23765996343821296.6365191885

111.51736745893821596.9102908824

113.34552102383821697.9271571743

111.15173674593821797.5702762161

110.42047531993821898.156929846

110.78610603293821998.2498166707

112.43144424133822299.1737961379

112.43144424133822399.2471278416

112.61425959783822499.3644585676

112.79707495433822599.8484478123

115.173674588738226100.0244439012

115.356489945238229100.3226594965

114.80804387573823099.5844536788

115.904936014638231100.1466634075

116.636197440638232101.4470789538

115.904936014638233101.9066242972

116.636197440638236101.9701784405

116.087751371138237101.6328526033

116.087751371138238101.1830848203

115.904936014638239101.3737472501

115.539305301638240101.6230750428

116.636197440638243101.6230750428

115.356489945238244101.9946223417

116.636197440638245102.5470545099

116.636197440638246103.7008066487

116.453382084138247104.6296748961

117.001828153638250104.1065754094

118.829981718538251104.8790026888

119.561243144438252104.9034465901

119.01279707538253105.2847714495

118.464351005538254106.0816426302

119.926873857438257106.6389635786

118.829981718538258107.0153996578

120.292504570438259107.0496211195

120.658135283438260107.215839648

121.023765996338261109.1126863847

125.045703839138264110.8090931313

123.765996343738265110.7113175263

125.045703839138266110.4962111953

124.497257769738267111.4739672452

123.583180987238268110.999755561

124.680073126138271110.2419946223

122.851919561238272108.9122463945

123.583180987238273108.5846981178

122.669104204838274107.1620630653

122.851919561238275106.2918601809

120.658135283438278107.3478367147

122.120658135338279107.6460523099

122.851919561238280106.1256416524

120.658135283438281107.7829381569

123.583180987238282108.4673673918

123.400365630738285106.4776338304

122.851919561238286105.1821070643

122.851919561238287104.9621119531

125.045703839138288104.4781227084

124.131627056738289104.3656807626

125.045703839138292105.1918846248

126.50822669138293105.763871914

127.97074954338294106.6731850403

129.433272394938295106.2918601809

128.702010968938296107.6118308482

127.97074954338299108.0811537521

130.530164533838300108.0909313126

131.627056672838301107.2402835493

130.164533820838302107.430945979

129.433272394938303107.9540454657

129.433272394938306108.2131508189

129.798903107938307107.6216084087

130.530164533838308108.922023955

130.347349177338309109.6602297727

129.798903107938310110.5402102176

129.981718464438313110.2468834026

129.433272394938314111.6304082132

128.519195612438315111.7819604009

128.336380255938316112.6032754828

126.87385740438317112.7694940112

130.164533820838320113.6299193351

129.798903107938321113.6299193351

128.702010968938322114.0259105353

129.798903107938323112.1535076998

129.067641681938324111.1121975067

130.895795246838327111.6548521144

130.895795246838328112.6814959668

131.627056672838329111.058420924

131.261425959838330111.5081887069

131.627056672838331112.1877291616

130.895795246838334111.9921779516

131.261425959838335112.6961623075

131.444241316338336113.0285993645

131.261425959838337113.3659252017

130.895795246838338112.7597164507

130.895795246838341114.5734539232

131.627056672838342115.7467611831

132.723948811738343115.6978733806

131.627056672838344115.8347592276

129.798903107938348116.3480811538

131.627056672838349115.6734294793

131.627056672838350115.7174285016

131.627056672838351115.7174285016

131.627056672838355116.4018577365

131.992687385738356115.8543143486

130.895795246838357114.3681251528

130.530164533838358114.9156685407

131.444241316338359115.8005377658

131.992687385738362116.7000733317

129.798903107938363116.0498655585

130.347349177338364115.5903202151

131.627056672838365116.4996333415

131.627056672838366117.3502811049

131.627056672838369118.528477145

130.895795246838370118.7435834759

131.627056672838371118.5333659252

130.530164533838372117.1889513566

130.712979890338373118.059154241

130.895795246838376117.5653874358

129.981718464438377118.8853581032

130.712979890338378118.5920312882

129.798903107938379118.7386946957

129.798903107938380118.332925935

131.992687385738383118.5382547055

134.186471663638384119.5697873381

133.820840950638385120.6697628942

137.111517367538386120.6893180152

138.939670932438387121.9359569787

143.327239488138390123.588364703

142.595978062238391122.4932779272

142.595978062238392122.6888291371

141.864716636238393123.0652652163

142.230347349238394123.9696895625

142.230347349238397124.0919090687

141.499085923238398124.7518944023

140.402193784338399123.92080176

139.670932358338400124.9572231728

139.670932358338401123.862136397

138.939670932438404124.4292349059

137.842778793438405123.8083598142

138.939670932438406123.7301393302

139.853747714838407125.49010022

138.391224862938408126.5851869958

139.670932358338411127.137619164

140.402193784338412127.118064043

139.670932358338413126.2087509166

140.402193784338414127.6411635297

140.036563071338415128.9660229773

144.058500914138418128.6580298216

143.327239488138419128.1153752139

143.692870201138420127.7976044977

145.15539305338421126.3603031044

143.875685557638422126.7514055243

142.595978062238425126.4287460279

144.058500914138426126.9567342948

143.692870201138427125.8665362992

143.692870201138428127.9589342459

143.692870201138429127.7340503544

143.692870201138432127.5189440235

143.327239488138433127.05939868

143.692870201138434125.3043265705

143.510054844638440125.1429968223

142.595978062238441123.9745783427

145.15539305338442125.2847714495

148.263254113338443126.3065265216

147.349177330938446127.5238328037

149.177330895838447127.7193840137

148.720292504638448128.1447078954

148.720292504638449129.0344659008

149.63436928738450129.1615741872

150.091407678238453128.5015888536

149.177330895838454128.7118064043

148.263254113338455128.9269127353

149.177330895838456128.4478122708

148.263254113338457125.7589831337

146.435100548438460121.940845759

145.063985374838461122.9088242484

147.806215722138462123.2363725251

147.349177330938463123.6225861648

148.263254113338464124.6981178196

149.177330895838467125.3092153508

146.435100548438468123.6323637253

149.63436928738469120.1857736495

149.177330895838470118.6458078709

151.005484460738471119.0564654119

154.661791590538474119.8582253728

154.661791590538475120.4399902224

157.404021937838476120.19555121

166.544789762338478122.9626008311

168.829981718538481123.9159129797

166.544789762338482123.314593009

165.630712979938483123.4661451968

167.458866544838484123.4563676363

167.458866544838485121.6621852848

167.458866544838491123.1923735028

165.630712979938492123.9648007822

168.372943327238495124.8056709851

167.458866544838496124.3803471034

167.91590493638497124.9914446346

164.716636197438498124.8887802493

164.716636197438499126.4287460279

167.458866544838502126.6242972378

167.458866544838503127.196284527

167.91590493638504126.3114153019

170.201096892138505127.9833781472

170.658135283438506128.6580298216

172.943327239538509128.3500366659

174.771480804438510128.3695917868

177.513711151738511129.1811293082

182.08409506438512130.5597653385

182.998171846438513130.4913224151

183.912248628938516132.1926179418

181.170018281538517131.9579564899

181.170018281538518133.3610364214

177.97074954338519133.0090442435

179.341864716638520133.8548032266

178.427787934238523134.6956734295

178.427787934238524134.3583475923

177.513711151738525134.549010022

176.599634369338526134.431679296

177.513711151738527136.0058665363

176.142595978138530137.3258372036

176.599634369338531135.7858714251

177.513711151738532137.4969445123

178.427787934238533138.1324859448

ROGG

OSEBX

OSEBX

Index June 2004 = 100

Sparebanken Rogaland


datosisteROGGOSEBXOSEBX

2/ January 2004106.67

5/ January 2004106.33

6/ January 2004106.33

7/ January 2004106.67

8/ January 2004106.67

9/ January 2004106.33

12/ January 2004106.67

13/ January 2004107.67

14/ January 2004108.33

15/ January 2004108.17

16/ January 2004110.00

19/ January 2004108.33

20/ January 2004107.67

21/ January 2004106.67

22/ January 2004106.67

23/ January 2004107.67

26/ January 2004106.67

27/ January 2004106.67

28/ January 2004106.67

29/ January 2004107.00

30/ January 2004108.17

2/ February 2004108.33

3/ February 2004107.33

4/ February 2004108.33

5/ February 2004108.33

6/ February 2004108.17

9/ February 2004109.50

10/ February 2004109.33

11/ February 2004111.00

12/ February 2004110.67

13/ February 2004110.33

16/ February 2004110.00

17/ February 2004111.00

18/ February 2004111.00

19/ February 2004110.33

20/ February 2004111.00

23/ February 2004111.00

24/ February 2004111.33

25/ February 2004111.67

26/ February 2004111.67

27/ February 2004111.33

1/ March 2004111.67

2/ March 2004113.33

3/ March 2004112.67

4/ March 2004113.33

5/ March 2004112.67

8/ March 2004112.67

9/ March 2004112.33

10/ March 2004111.83

11/ March 2004110.50

12/ March 2004110.00

15/ March 2004108.83

16/ March 2004109.67

17/ March 2004109.67

18/ March 2004109.83

19/ March 2004111.67

22/ March 2004111.67

23/ March 2004110.00

24/ March 2004109.33

25/ March 2004109.33

26/ March 2004104.00

29/ March 2004103.20

30/ March 2004103.20

31/ March 2004103.20

1/ April 2004102.00

2/ April 2004102.60

5/ April 2004102.00

6/ April 2004102.40

7/ April 2004102.40

13/ April 2004101.20

14/ April 2004100.40

15/ April 200499.60

16/ April 200498.00

19/ April 200498.00

20/ April 200499.60

21/ April 200499.20

22/ April 2004100.80

23/ April 2004100.60

26/ April 2004101.60

27/ April 2004102.00

28/ April 2004102.40

29/ April 2004103.00

30/ April 2004104.00

3/ May 2004105.20

4/ May 2004105.00

5/ May 2004104.80

6/ May 2004104.00

7/ May 2004103.20

10/ May 2004104.80

11/ May 2004105.60

12/ May 2004105.20

13/ May 2004104.00

14/ May 2004103.20

18/ May 2004102.00

19/ May 2004103.20

21/ May 2004103.40

24/ May 2004103.20

25/ May 2004103.20

26/ May 2004102.80

27/ May 2004102.60

28/ May 2004102.60

1/ June 2004102.00

2/ June 2004102.00

3/ June 2004104.00

4/ June 2004104.40

7/ June 2004102.40

8/ June 2004102.00

9/ June 2004103.60

10/ June 2004104.00

11/ June 2004105.20

14/ June 2004105.20

15/ June 2004106.40

16/ June 2004106.40

17/ June 2004105.20

18/ June 2004106.80

21/ June 2004106.60

22/ June 2004106.80

23/ June 2004108.00

24/ June 2004109.40

25/ June 2004109.20

28/ June 2004109.40

29/ June 2004109.20

30/ June 2004109.40109.40100204.55100

1/ July 2004110.40110.40100.9140767824206.1100.7577609386

2/ July 2004111.20111.20101.6453382084203.6199.5404546566

5/ July 2004112.80112.80103.1078610603204.3599.902224395

6/ July 2004113.60113.60103.8391224863204.59100.019555121

7/ July 2004114.40114.40104.5703839122202.1598.8266927402

8/ July 2004113.60113.60103.8391224863202.1398.8169151797

9/ July 2004113.20113.20103.4734917733202.2798.8853581032

12/ July 2004112.00112.00102.3765996344201.1298.3231483745

13/ July 2004112.00112.00102.3765996344201.8998.6995844537

14/ July 2004114.00114.00104.2047531993200.8298.176484967

15/ July 2004115.20115.20105.3016453382201.4198.4649230017

16/ July 2004116.00116.00106.0329067642200.9998.2595942312

19/ July 2004116.40116.40106.3985374771198.797.1400635541

20/ July 2004116.80116.80106.7641681901198.3496.9640674652

21/ July 2004120.00120.00109.689213894199.8897.7169396236

22/ July 2004119.60119.60109.323583181198.2296.9054021022

23/ July 2004120.00120.00109.689213894198.9897.2769494011

26/ July 2004119.20119.20108.957952468198.0896.8369591787

27/ July 2004120.00120.00109.689213894198.6397.1058420924

28/ July 2004120.00120.00109.689213894200.1397.8391591298

29/ July 2004118.80118.80108.592321755202.0798.7875824982

30/ July 2004119.60119.60109.323583181201.7198.6115864092

2/ August 2004120.00120.00109.689213894202.9499.2129063799

3/ August 2004120.00120.00109.689213894204.1999.824003911

4/ August 2004118.80118.80108.592321755203.1499.3106819848

5/ August 2004118.00118.00107.8610603291200.9398.2302615497

6/ August 2004118.20118.20108.0438756856196.4896.0547543388

9/ August 2004118.80118.80108.592321755194.795.1845514544

10/ August 2004119.60119.60109.323583181196.4796.0498655585

11/ August 2004118.80118.80108.592321755194.2494.9596675629

12/ August 2004120.00120.00109.689213894196.0695.8494255683

13/ August 2004120.60120.60110.2376599634197.6796.6365191885

16/ August 2004122.00122.00111.5173674589198.2396.9102908824

17/ August 2004124.00124.00113.3455210238200.3197.9271571743

18/ August 2004121.60121.60111.1517367459199.5897.5702762161

19/ August 2004120.80120.80110.4204753199200.7898.156929846

20/ August 2004121.20121.20110.7861060329200.9798.2498166707

23/ August 2004123.00123.00112.4314442413202.8699.1737961379

24/ August 2004123.00123.00112.4314442413203.0199.2471278416

25/ August 2004123.20123.20112.6142595978203.2599.3644585676

26/ August 2004123.40123.40112.7970749543204.2499.8484478123

27/ August 2004126.00126.00115.1736745887204.6100.0244439012

30/ August 2004126.20126.20115.3564899452205.21100.3226594965

31/ August 2004125.60125.60114.8080438757203.799.5844536788

1/ September 2004126.80126.80115.9049360146204.85100.1466634075

2/ September 2004127.60127.60116.6361974406207.51101.4470789538

3/ September 2004126.80126.80115.9049360146208.45101.9066242972

6/ September 2004127.60127.60116.6361974406208.58101.9701784405

7/ September 2004127.00127.00116.0877513711207.89101.6328526033

8/ September 2004127.00127.00116.0877513711206.97101.1830848203

9/ September 2004126.80126.80115.9049360146207.36101.3737472501

10/ September 2004126.40126.40115.5393053016207.87101.6230750428

13/ September 2004127.60127.60116.6361974406207.87101.6230750428

14/ September 2004126.20126.20115.3564899452208.63101.9946223417

15/ September 2004127.60127.60116.6361974406209.76102.5470545099

16/ September 2004127.60127.60116.6361974406212.12103.7008066487

17/ September 2004127.40127.40116.4533820841214.02104.6296748961

20/ September 2004128.00128.00117.0018281536212.95104.1065754094

21/ September 2004130.00130.00118.8299817185214.53104.8790026888

22/ September 2004130.80130.80119.5612431444214.58104.9034465901

23/ September 2004130.20130.20119.012797075215.36105.2847714495

24/ September 2004129.60129.60118.4643510055216.99106.0816426302

27/ September 2004131.20131.20119.9268738574218.13106.6389635786

28/ September 2004130.00130.00118.8299817185218.9107.0153996578

29/ September 2004131.60131.60120.2925045704218.97107.0496211195

30/ September 2004132.00132.00120.6581352834219.31107.215839648

1/ October 2004132.40132.40121.0237659963223.19109.1126863847

4/ October 2004136.80136.80125.0457038391226.66110.8090931313

5/ October 2004135.40135.40123.7659963437226.46110.7113175263

6/ October 2004136.80136.80125.0457038391226.02110.4962111953

7/ October 2004136.20136.20124.4972577697228.02111.4739672452

8/ October 2004135.20135.20123.5831809872227.05110.999755561

11/ October 2004136.40136.40124.6800731261225.5110.2419946223

12/ October 2004134.40134.40122.8519195612222.78108.9122463945

13/ October 2004135.20135.20123.5831809872222.11108.5846981178

14/ October 2004134.20134.20122.6691042048219.2107.1620630653

15/ October 2004134.40134.40122.8519195612217.42106.2918601809

18/ October 2004132.00132.00120.6581352834219.58107.3478367147

19/ October 2004133.60133.60122.1206581353220.19107.6460523099

20/ October 2004134.40134.40122.8519195612217.08106.1256416524

21/ October 2004132.00132.00120.6581352834220.47107.7829381569

22/ October 2004135.20135.20123.5831809872221.87108.4673673918

25/ October 2004135.00135.00123.4003656307217.8106.4776338304

26/ October 2004134.40134.40122.8519195612215.15105.1821070643

27/ October 2004134.40134.40122.8519195612214.7104.9621119531

28/ October 2004136.80136.80125.0457038391213.71104.4781227084

29/ October 2004135.80135.80124.1316270567213.48104.3656807626

1/ November 2004136.80136.80125.0457038391215.17105.1918846248

2/ November 2004138.40138.40126.508226691216.34105.763871914

3/ November 2004140.00140.00127.970749543218.2106.6731850403

4/ November 2004141.60141.60129.4332723949217.42106.2918601809

5/ November 2004140.80140.80128.7020109689220.12107.6118308482

8/ November 2004140.00140.00127.970749543221.08108.0811537521

9/ November 2004142.80142.80130.5301645338221.1108.0909313126

10/ November 2004144.00144.00131.6270566728219.36107.2402835493

11/ November 2004142.40142.40130.1645338208219.75107.430945979

12/ November 2004141.60141.60129.4332723949220.82107.9540454657

15/ November 2004141.60141.60129.4332723949221.35108.2131508189

16/ November 2004142.00142.00129.7989031079220.14107.6216084087

17/ November 2004142.80142.80130.5301645338222.8108.922023955

18/ November 2004142.60142.60130.3473491773224.31109.6602297727

19/ November 2004142.00142.00129.7989031079226.11110.5402102176

22/ November 2004142.20142.20129.9817184644225.51110.2468834026

23/ November 2004141.60141.60129.4332723949228.34111.6304082132

24/ November 2004140.60140.60128.5191956124228.65111.7819604009

25/ November 2004140.40140.40128.3363802559230.33112.6032754828

26/ November 2004138.80138.80126.873857404230.67112.7694940112

29/ November 2004142.40142.40130.1645338208232.43113.6299193351

30/ November 2004142.00142.00129.7989031079232.43113.6299193351

1/ December 2004140.80140.80128.7020109689233.24114.0259105353

2/ December 2004142.00142.00129.7989031079229.41112.1535076998

3/ December 2004141.20141.20129.0676416819227.28111.1121975067

6/ December 2004143.20143.20130.8957952468228.39111.6548521144

7/ December 2004143.20143.20130.8957952468230.49112.6814959668

8/ December 2004144.00144.00131.6270566728227.17111.058420924

9/ December 2004143.60143.60131.2614259598228.09111.5081887069

10/ December 2004144.00144.00131.6270566728229.48112.1877291616

13/ December 2004143.20143.20130.8957952468229.08111.9921779516

14/ December 2004143.60143.60131.2614259598230.52112.6961623075

15/ December 2004143.80143.80131.4442413163231.2113.0285993645

16/ December 2004143.60143.60131.2614259598231.89113.3659252017

17/ December 2004143.20143.20130.8957952468230.65112.7597164507

20/ December 2004143.20143.20130.8957952468234.36114.5734539232

21/ December 2004144.00144.00131.6270566728236.76115.7467611831

22/ December 2004145.20145.20132.7239488117236.66115.6978733806

23/ December 2004144.00144.00131.6270566728236.94115.8347592276

27/ December 2004142.00142.00129.7989031079237.99116.3480811538

28/ December 2004144.00144.00131.6270566728236.61115.6734294793

29/ December 2004144.00144.00131.6270566728236.7115.7174285016

30/ December 2004144.00144.00131.6270566728236.7115.7174285016

3/ January 2005144.00144.00131.6270566728238.1116.4018577365

4/ January 2005144.40144.40131.9926873857236.98115.8543143486

5/ January 2005143.20143.20130.8957952468233.94114.3681251528

6/ January 2005142.80142.80130.5301645338235.06114.9156685407

7/ January 2005143.80143.80131.4442413163236.87115.8005377658

10/ January 2005144.40144.40131.9926873857238.71116.7000733317

11/ January 2005142.00142.00129.7989031079237.38116.0498655585

12/ January 2005142.60142.60130.3473491773236.44115.5903202151

13/ January 2005144.00144.00131.6270566728238.3116.4996333415

14/ January 2005144.00144.00131.6270566728240.04117.3502811049

17/ January 2005144.00144.00131.6270566728242.45118.528477145

18/ January 2005143.20143.20130.8957952468242.89118.7435834759

19/ January 2005144.00144.00131.6270566728242.46118.5333659252

20/ January 2005142.80142.80130.5301645338239.71117.1889513566

21/ January 2005143.00143.00130.7129798903241.49118.059154241

24/ January 2005143.20143.20130.8957952468240.48117.5653874358

25/ January 2005142.20142.20129.9817184644243.18118.8853581032

26/ January 2005143.00143.00130.7129798903242.58118.5920312882

27/ January 2005142.00142.00129.7989031079242.88118.7386946957

28/ January 2005142.00142.00129.7989031079242.05118.332925935

31/ January 2005144.40144.40131.9926873857242.47118.5382547055

1/ February 2005146.80146.80134.1864716636244.58119.5697873381

2/ February 2005146.40146.40133.8208409506246.83120.6697628942

3/ February 2005150.00150.00137.1115173675246.87120.6893180152

4/ February 2005152.00152.00138.9396709324249.42121.9359569787

7/ February 2005156.80156.80143.3272394881252.8123.588364703

8/ February 2005156.00156.00142.5959780622250.56122.4932779272

9/ February 2005156.00156.00142.5959780622250.96122.6888291371

10/ February 2005155.20155.20141.8647166362251.73123.0652652163

11/ February 2005155.60155.60142.2303473492253.58123.9696895625

14/ February 2005155.60155.60142.2303473492253.83124.0919090687

15/ February 2005154.80154.80141.4990859232255.18124.7518944023

16/ February 2005153.60153.60140.4021937843253.48123.92080176

17/ February 2005152.80152.80139.6709323583255.6124.9572231728

18/ February 2005152.80152.80139.6709323583253.36123.862136397

21/ February 2005152.00152.00138.9396709324254.52124.4292349059

22/ February 2005150.80150.80137.8427787934253.25123.8083598142

23/ February 2005152.00152.00138.9396709324253.09123.7301393302

24/ February 2005153.00153.00139.8537477148256.69125.49010022

25/ February 2005151.40151.40138.3912248629258.93126.5851869958

28/ February 2005152.80152.80139.6709323583260.06127.137619164

1/ March 2005153.60153.60140.4021937843260.02127.118064043

2/ March 2005152.80152.80139.6709323583258.16126.2087509166

3/ March 2005153.60153.60140.4021937843261.09127.6411635297

4/ March 2005153.20153.20140.0365630713263.8128.9660229773

7/ March 2005157.60157.60144.0585009141263.17128.6580298216

8/ March 2005156.80156.80143.3272394881262.06128.1153752139

9/ March 2005157.20157.20143.6928702011261.41127.7976044977

10/ March 2005158.80158.80145.155393053258.47126.3603031044

11/ March 2005157.40157.40143.8756855576259.27126.7514055243

14/ March 2005156.00156.00142.5959780622258.61126.4287460279

15/ March 2005157.60157.60144.0585009141259.69126.9567342948

16/ March 2005157.20157.20143.6928702011257.46125.8665362992

17/ March 2005157.20157.20143.6928702011261.74127.9589342459

18/ March 2005157.20157.20143.6928702011261.28127.7340503544

21/ March 2005157.20157.20143.6928702011260.84127.5189440235

22/ March 2005156.80156.80143.3272394881259.9127.05939868

23/ March 2005157.20157.20143.6928702011256.31125.3043265705

29/ March 2005157.00157.00143.5100548446255.98125.1429968223

30/ March 2005156.00156.00142.5959780622253.59123.9745783427

31/ March 2005158.80158.80145.155393053256.27125.2847714495

1/ April 2005153.00162.20148.2632541133258.36126.3065265216

4/ April 2005152.00161.20147.3491773309260.85127.5238328037

5/ April 2005154.00163.20149.1773308958261.25127.7193840137

6/ April 2005153.50162.70148.7202925046262.12128.1447078954

7/ April 2005153.50162.70148.7202925046263.94129.0344659008

8/ April 2005154.50163.70149.634369287264.2129.1615741872

11/ April 2005155.00164.20150.0914076782262.85128.5015888536

12/ April 2005154.00163.20149.1773308958263.28128.7118064043

13/ April 2005153.00162.20148.2632541133263.72128.9269127353

14/ April 2005154.00163.20149.1773308958262.74128.4478122708

15/ April 2005153.00162.20148.2632541133257.24125.7589831337

18/ April 2005151.00160.20146.4351005484249.43121.940845759

19/ April 2005149.50158.70145.0639853748251.41122.9088242484

20/ April 2005152.50161.70147.8062157221252.08123.2363725251

21/ April 2005152.00161.20147.3491773309252.87123.6225861648

22/ April 2005153.00162.20148.2632541133255.07124.6981178196

25/ April 2005154.00163.20149.1773308958256.32125.3092153508

26/ April 2005151.00160.20146.4351005484252.89123.6323637253

27/ April 2005154.50163.70149.634369287245.84120.1857736495

28/ April 2005154.00163.20149.1773308958242.69118.6458078709

29/ April 2005156.00165.20151.0054844607243.53119.0564654119

2/ May 2005160.00169.20154.6617915905245.17119.8582253728

3/ May 2005160.00169.20154.6617915905246.36120.4399902224

4/ May 2005163.00172.20157.4040219378245.86120.19555121

6/ May 2005173.00182.20166.5447897623251.52122.9626008311

9/ May 2005175.50184.70168.8299817185253.47123.9159129797

10/ May 2005173.00182.20166.5447897623252.24123.314593009

11/ May 2005172.00181.20165.6307129799252.55123.4661451968

12/ May 2005174.00183.20167.4588665448252.53123.4563676363

13/ May 2005174.00183.20167.4588665448248.86121.6621852848

19/ May 2005174.00183.20167.4588665448251.99123.1923735028

20/ May 2005172.00181.20165.6307129799253.57123.9648007822

23/ May 2005175.00184.20168.3729433272255.29124.8056709851

24/ May 2005174.00183.20167.4588665448254.42124.3803471034

25/ May 2005174.50183.70167.915904936255.67124.9914446346

26/ May 2005171.00180.20164.7166361974255.46124.8887802493

27/ May 2005171.00180.20164.7166361974258.61126.4287460279

30/ May 2005174.00183.20167.4588665448259.01126.6242972378

31/ May 2005174.00183.20167.4588665448260.18127.196284527

1/ June 2005174.50183.70167.915904936258.37126.3114153019

2/ June 2005177.00186.20170.2010968921261.79127.9833781472

3/ June 2005177.50186.70170.6581352834263.17128.6580298216

6/ June 2005180.00189.20172.9433272395262.54128.3500366659

7/ June 2005182.00191.20174.7714808044262.58128.3695917868

8/ June 2005185.00194.20177.5137111517264.24129.1811293082

9/ June 2005190.00199.20182.084095064267.06130.5597653385

10/ June 2005191.00200.20182.9981718464266.92130.4913224151

13/ June 2005192.00201.20183.9122486289270.4132.1926179418

14/ June 2005189.00198.20181.1700182815269.92131.9579564899

15/ June 2005189.00198.20181.1700182815272.79133.3610364214

16/ June 2005185.50194.70177.970749543272.07133.0090442435

17/ June 2005187.00196.20179.3418647166273.8133.8548032266

20/ June 2005186.00195.20178.4277879342275.52134.6956734295

21/ June 2005186.00195.20178.4277879342274.83134.3583475923

22/ June 2005185.00194.20177.5137111517275.22134.549010022

23/ June 2005184.00193.20176.5996343693274.98134.431679296

24/ June 2005185.00194.20177.5137111517278.2136.0058665363

27/ June 2005183.50192.70176.1425959781280.9137.3258372036

28/ June 2005184.00193.20176.5996343693277.75135.7858714251

29/ June 2005185.00194.20177.5137111517281.25137.4969445123

30/ June 2005186.00195.20178.4277879342282.55138.1324859448

1/ July 2005190.00199.20182.084095064283.41138.5529210462

4/ July 2005195.50204.70187.1115173675285.42139.5355658763

5/ July 2005203.00212.20193.9670932358289.8141.6768516255

6/ July 2005204.00213.20194.8811700183289.49141.5252994378

7/ July 2005203.50212.70194.4241316271294.75144.0967978489

8/ July 2005201.00210.20192.1389396709287.87140.7333170374

11/ July 2005205.00214.20195.7952468007296.09144.7518944023

12/ July 2005205.00214.20195.7952468007295.64144.5318992911

13/ July 2005205.00214.20195.7952468007293.19143.33414813

14/ July 2005205.00214.20195.7952468007294.45143.9501344415

15/ July 2005206.00215.20196.7093235832294.36143.9061354192

18/ July 2005207.00216.20197.6234003656291.38142.4492789049

19/ July 2005205.50214.70196.252285192291.36142.4395013444

20/ July 2005206.50215.70197.1663619744292.3142.8990466879

21/ July 2005209.00218.20199.4515539305290.1141.823515033

22/ July 2005215.00224.20204.9360146252290.71142.1217306282

25/ July 2005220.00229.20209.5063985375293.89143.6763627475

26/ July 2005222.00231.20211.3345521024296.59144.9963334148

27/ July 2005228.00237.20216.8190127971296.27144.8398924468

28/ July 2005227.00236.20215.9049360146295.91144.6638963579

29/ July 2005224.00233.20213.1627056673296.29144.8496700073

1/ August 2005224.00233.20213.1627056673298.56145.9594231239

2/ August 2005218.00227.20207.6782449726298.36145.8616475189

3/ August 2005213.50222.70203.5648994516301.78147.5336103642

4/ August 2005214.00223.20204.0219378428304.13148.6824737228

5/ August 2005218.00227.20207.6782449726301.41147.352725495

8/ August 2005216.00225.20205.8500914077300.51146.9127352725

304.63


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sparebank 1 sr- bank group 2nd quarter 2005. 2 very good results- low level of loss and high return...

Documents

investment securitiesnet

commission expensesother

retail market

high return

annual growth

corporate market

net loss

income276254531net commission