Financial statements

Key Performance Indicators	Definition	Purpose
Return on equity, % *	The period's operating profit (calculated to full-year profit) with deductions for estimated tax in relation to average equity. The average equity is calculated on the period’s month-end figures including the previous annual financial statements and adjusted for future dividends.	Provide the reader additional information about the Bank's profitability.
Return on total assets, %	The Bank's return in relation to total assets.	Provide the reader additional information about the Bank's profitability.
Cost/income ratio	Total costs in relation to total income.	Provide the reader additional information about the Bank's cost-effectiveness.
Cost/income ratio excluding credit losses	Total costs in relation to total income, excluding loan losses.	Provide the reader additional information about the Bank's cost-effectiveness.
Cost/income ratio excluding net interest income and loan losses	Total cost in relation to total income, excluding net interest income and loan losses.	Provide the reader additional information about the Bank's cost-effectiveness.
Credit losses/lending, %	Total of recorded loan losses in relation to lending.	Provide the reader additional information about the credit losses relative size in relation to total lending.
Deposits/lending, %	Total deposits in relation to lending.	Provide the reader additional information about the relative size of the deposit in relation to total lending.
Net interest income / Ø lending, %	The Bank's net interest income in relation to Ø lending. Which corresponds to the average of the previous year and the year's lending and leasehold items.	Provide the reader additional information about the net interest income relative to the average lending.
Credit losses / Ø lending, %	The Bank's credit losses in relation to Ø lending. Which corresponds to the average of the previous year and the year's lending and leasehold items.	Provide the reader additional information about the credit losses relative to the average lending.
Operating expenses / Ø lending, %	The Bank's operating expenses in relation to Ø lending. Which corresponds to the average of the previous year and the year's lending and leasehold items.	Provide the reader additional information about operating expenses relative to the average lending.
Average number of employees	The average number of employees during the year.	Provide the reader additional information about the average number of employees during the year.

* Definition in reports published before March 31, 2023:

In the annual report, the bank uses results in relation to equity. In quarterly reports, we use the calculated average annual result in relation to equity.

Download KPI calculations 2022

Key ratios defined in the Capital Requirements Regulation (CRR)

Total capital ratio %

Total capital base for capital adequacy purposes in relation to risk-weighted assets.

Total Common equity tier 1 capital ratio, %

Common equity tier 1 capital in relation to risk-weighted assets.

Total capital ratio without transition rules, %

Total capital base for capital adequacy purposes in relation to risk-weighted assets, excluding transitional rules.

Common equity tier 1 capital / risk-weighted assets without transition rules, %

Common equity tier 1 capital in relation to risk-weighted assets, excluding transitional rules.

Risk capital / total assets %

Total of total risk capital in relation to total assets.

Earnings / Risk-weighted assets %

In the annual report, the Bank uses results related to risk-weighted assets.

In quarterly reports, we use the estimated average annual profit in relation to risk-weighted assets.

Liquidity coverage ratio (LCR) %

Liquidity coverage is an important part of the Basel treaties, as it determines the amount of liquid assets that financial institutions must hold. Banks must hold a specific amount of high-quality assets as liquid assets or government debt bills, which is equal to or greater than their net outflow of funds over a 30-day period (coverage ratio must be at least 100%).

Net Stable Financing Ratio (NSFR) %

Net stable financing ratio, is a liquidity measures that disclose the bank's stable funding in relation to its illiquid assets during a stressed one-year scenario.

Levrage ratio (LR) %

Levrage ratio is calculated as the bank's equity in relation to the bank's total assets, and is a non-risk-adjusted capital measure.

Interim Reports

Annual Reports

Year-end Reports

Definition of key performance indicators

Key Performance Indicators

Definition

Purpose