Financial data

Reconciliation of Alternative Performance Measures            
SEK thousand Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018
Interest income 838,673 833,427 792,842 802,021 779,868 777,564
Interest expense -105,678 -107,767 -90,465 -87,434 -81,691 -80,686
Net interest income/expenses Insurance 3,887 3,633 3,347 2,956 2,666 3,956
Net interest income/expenses excl. Insurance 729,108 722,027 699,030 711,631 695,511 692,922
     
Total expenses before credit losses -352,723 -360,649 -363,315 -368,521 -348,110 -366,171
whereof total expenses Insurance -24,090 -24,947 -27,217 -24,114 -22,570 -25,023
Total operating income 925,311 913,248 895,913 883,366 880,818 867,635
whereof total income Insurance 52,129 53,574 58,718 37,271 49,895 47,618
C/I before credit losses, % 38.1% 39.5% 40.6% 41.7% 39.5% 42.2%
             
Total expenses before credit losses, excl. Insurance -328,633 -335,702 -336,098 -344,407 -325,540 -341,148
Total operating Income excl. Insurance 873,182 859,674 837,195 846,095 830,923 820,017
C/I before credit losses (excl. Insurance), % 37.6% 39.0% 40.1% 40.7% 39.2% 41.6%
             
Nonrecurring costs 0 0 0 0 0 0
Total Nonrecurring costs before tax 0 0 0 0 0 0
Total Nonrecurring costs after tax 0 0 0 0 0 0
             
Credit losses, net, excl. Insurance -157,038 -147,833 -154,628 -140,117 -139,046 -127,819
Credit losses yearly, net, excl Insurance -628,152 -591,332 -618,512 -560,469 -556,184 -511,276
Credit loss ratio, excl. Insurance 2.0% 2.0% 2.2% 2.0% 2.1% 2.0%
             
Operating profit/loss 415,550 404,766 377,970 374,728 393,662 373,645
Operating profit/loss, excl. Nonrecurring 415,550 404,766 377,970 374,728 393,662 373,645
 
Net profit for the period 320,200 312,844 293,876 283,848 305,687 288,714
Net profit for the period, excl. Nonrecurring costs 320,200 312,844 293,876 283,848 305,687 288,714
 
Opening balance Lending to the public, according to IAS 39
Opening balance Lending to the public 30,322,736 29,182,200 27,956,576 27,469,905 26,625,900 25,134,034
Lending to the public, gross 33,995,878 33,068,886 31,797,126 30,544,612 30,175,235 29,334,808
Provision for expected credit losses -2,870,536 -2,746,151 -2,614,926 -2,588,036 -2,705,330 -2,708,908
Lending to the public 31,125,342 30,322,736 29,182,200 27,956,576 27,469,905 26,625,900
Average Lending to the public 30,724,039 29,752,468 28,569,388 27,713,240 27,047,902 25,879,967
             
NBI margin, % 11.4% 11.6% 11.7% 12.2% 12.3% 12.7%
Risk adjusted NBI margin, % 9.3% 9.6% 9.6% 10.2% 10.2% 10.7%
NIM, % 9.5% 9.7% 9.8% 10.3% 10.3% 10.7%
             
Increase Lending to the public, since the beginning of the year 3,168,766 2,366,160 1,225,624 4,308,753 3,822,082 2,978,077
Exchange rate differences 758,907 734,768 527,145 391,051 877,149 1,055,692
Increase Lending to the public, excl. Exchange rate diff. 2,409,859 1,631,392 698,479 3,917,702 2,944,933 1,922,385
             
SEK thousand Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018
Equity 6,937,960 6,627,318 6,693,786 6,348,541 6,468,022 6,184,542
Intangible fixed assets 2,079,577 2,089,941 2,044,818 1,973,681 2,028,646 2,036,369
Equity excl. Intangible fixed assets 4,858,383 4,537,377 4,648,968 4,374,860 4,439,376 4,148,173
 
Dividend (propsed and foreseeable) 547,500 360,000 570,000 390,000 495,000 330,000
Equity excl. Intangible fixed assets excl. Nonrecurring costs, given the Common Equity Tier 1 ratio according to the board's target and deducted dividend from the capital base, %* 3,676,583 3,642,760 3,512,002 3,510,034 3,530,977 3,459,407
             
Shareholder contribution 0 0 0 0 0 0
Average Nonrecurring costs incl. Shareholder contribution 0 0 0 0 0 0
             
Average Equity 6,782,639 6,660,552 6,521,164 6,408,282 6,326,282 6,197,328
Average Intangible fixed assets 2,084,759 2,067,380 2,009,250 2,001,164 2,032,508 2,000,618
Average Equity excl. Intangible fixed assets 4,697,880 4,593,172 4,511,914 4,407,118 4,293,774 4,196,710
Average Equity excl. Intangible fixed assets and Nonrecurring costs and Shareholder contribution 4,697,880 4,593,172 4,511,914 4,407,118 4,293,774 4,196,710
             
Return on equity excl. intangible fixed assets, (RoTE), % 27.3% 27.2% 26.1% 25.8% 28.5% 27.5%
Return on equity excl. intangible fixed assets, (RoTE), excl. Nonrecurring costs, % 27.3% 27.2% 26.1% 25.8% 28.5% 27.5%
         
Return on Equity excl. Intangible fixed assets excl. Nonrecurring costs, given the Common Equity Tier 1 ratio according to the board's target and deducted dividend from the capital base, %* 34.8% 34.4% 33.5% 32.3% 34.6% 33.4%
             
Total Tier 1 capital 4,159,680 4,049,544 3,952,797 3,919,078 3,841,696 3,754,486
Tier 2 capital 4,731,746 4,638,789 4,556,729 4,281,305 4,274,290 4,198,046
Total riskweighted exposure and total capital requirement 30,561,786 30,952,384 30,191,230 29,217,913 27,932,370 27,232,333
Common Equity Tier 1 ratio, % 13.6% 13.1% 13.1% 13.4% 13.8% 13.8%
Adjustment for the Common Equity Tier 1 ratio given the Board's target* 645,075 490,020 480,806 559,018 350,150 350,444
             
             
SEK thousand 30 Sep 2018-
30 Sep 2019
30 Jun 2018-
30 Jun 2019
31 Mar 2018-
31 Mar 2019
31 Dec 2017-
31 Dec 2018
30 Sep 2017-
30 Sep 2018
30 Jun 2017-
30 Jun 2018
             
Increase Lending to the public, year on year 3,655,437 3,696,836 4,048,166 3,887,781 4,251,489 4,315,234
Exchange rate differences 200,822 -20,199 163,260 399,872 863,931 1,017,476
Increase Lending to the public, year on year, excl. Exchange rate differences 3,454,615 3,717,035 3,884,906 3,487,909 3,387,558 3,297,758
             
             
*During Q4 2018, the financial target for the Common Equity Tier reduced from above 12.5% to above 11.5%.