Financial data

Reconciliation of Alternative Performance Measures            
SEK thousand Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019
Interest income 799,601 835,380 849,294 845,642 838,673 833,427
Interest expense -97,556 -104,507 -104,299 -105,000 -105,678 -107,767
Net interest income/expenses Insurance 3,373 3,930 4,245 4,384 3,887 3,633
Net interest income/expenses excl. Insurance 698,672 726,943 740,750 736,258 729,108 722,027
     
Total expenses before credit losses -332,466 -361,089 -364,909 -370,380 -352,723 -360,649
whereof total expenses Insurance -23,212 -27,367 -25,997 -21,027 -24,090 -24,947
Total operating income 907,747 931,587 897,176 944,746 925,311 913,248
whereof total income Insurance 67,222 69,261 17,266 60,312 52,129 53,574
C/I before credit losses, % 36.6% 38.8% 40.7% 39.2% 38.1% 39.5%
           
Total expenses before credit losses, excl. Insurance -309,254 -333,722 -338,912 -349,353 -328,633 -335,702
Total operating Income excl. Insurance 840,525 862,326 879,910 884,434 873,182 859,674
C/I before credit losses (excl. Insurance), % 36.8% 38.7% 38.5% 39.5% 37.6% 39.0%
           
Credit losses, net, excl. Insurance -194,980 -201,293 -262,983 -209,955 -157,038 -147,833
Credit losses yearly, net, excl Insurance -779,920 -805,172 -1,051,932 -839,820 -628,152 -591,332
Credit loss ratio, excl. Insurance 2.5% 2.6% 3.4% 2.7% 2.0% 2.0%
           
Operating profit/loss 380,301 369,205 269,284 364,411 415,550 404,766
       
Net profit for the period 255,904 289,171 208,268 289,390 320,200 312,844
     
Opening balance Lending to the public, according to IAS 39    
Opening balance Lending to the public 30,853,301 31,147,648 31,344,787 31,125,342 30,322,736 29,182,200
Lending to the public, gross 34,380,846 33,924,536 34,207,703 34,223,426 33,995,878 33,068,886
Provision for expected credit losses -3,192,881 -3,071,235 -3,060,055 -2,878,639 -2,870,536 -2,746,151
Lending to the public 31,187,965 30,853,301 31,147,648 31,344,787 31,125,342 30,322,736
Average Lending to the public 31,020,633 31,000,475 31,246,218 31,235,065 30,724,039 29,752,468
           
NBI margin, % 10.8% 11.1% 11.3% 11.3% 11.4% 11.6%
Risk adjusted NBI margin, % 8.3% 8.5% 7.9% 8.6% 9.3% 9.6%
NIM, % 9.0% 9.4% 9.5% 9.4% 9.5% 9.7%
           
Increase Lending to the public, since the beginning of the year -156,822 -491,486 -197,139 3,388,211 3,168,766 2,366,160
Exchange rate differences -783,294 -767,423 -294,205 384,545 758,907 734,768
Increase Lending to the public, excl. Exchange rate diff. 626,472 275,937 97,066 3,003,666 2,409,859 1,631,392
             
SEK thousand Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019
Equity 7,777,797 7,530,017 7,243,663 7,141,246 6,937,960 6,627,318
Intangible fixed assets 1,932,242 1,956,081 1,958,993 2,063,405 2,079,577 2,089,941
Equity excl. Intangible fixed assets 5,845,555 5,573,936 5,284,670 5,077,841 4,858,383 4,537,377
       
Dividend (propsed and foreseeable) 796,672 668,720 615,000 420,000 547,500 360,000
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, %* 4,073,246 4,018,538 4,002,945 3,838,016 3,676,583 3,642,760
           
Shareholder contribution     0 0 0
Average Nonrecurring costs incl. Shareholder contribution     0 0 0
           
Average Equity 7,653,907 7,386,840 7,192,454 7,039,603 6,782,639 6,660,552
Average Intangible fixed assets 1,944,162 1,957,537 2,011,199 2,071,491 2,084,759 2,067,380
Average Equity excl. Intangible fixed assets 5,709,746 5,429,303 5,181,256 4,968,112 4,697,880 4,593,172
Average Equity excl. Intangible fixed assets and Nonrecurring costs and Shareholder contribution 5,709,746 5,429,303 5,181,256 4,968,112 4,697,880 4,593,172
           
Return on equity excl. intangible fixed assets, (RoTE), % 17.9% 21.3% 16.1% 23.3% 27.3% 27.2%
Return on equity excl. intangible fixed assets, (RoTE), excl. Nonrecurring costs, % 17.9% 21.3% 16.1% 23.3% 27.3% 27.2%
         
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, %* 25.1% 28.8% 20.8% 30.2% 34.8% 34.4%
           
Total Tier 1 capital 4,503,182 4,398,053 4,201,637 4,222,959 4,159,680 4,049,544
Tier 2 capital 5,227,660 5,137,558 4,966,601 5,070,962 4,731,746 4,638,789
Total riskweighted exposure and total capital requirement 30,951,131 30,732,590 30,675,065 31,089,935 30,561,786 30,952,384
Common Equity Tier 1 ratio, % 14.6% 14.3% 13.7% 13.6% 13.6% 13.1%
Adjustment for the Common Equity Tier 1 ratio given the Board's target* 943,802 863,805 674,005 647,616 645,075 490,020
             
             
SEK thousand 30 Sep 2019-
30 Sep 2020
30 Jun 2019-
30 Jun 2020
31 Mar 2019-
31 Mar 2020
31 Dec 2018-
31 Dec 2019
30 Sep 2018-
30 Sep 2019
30 Jun 2018-
30 Jun 2019
             
Increase Lending to the public, year on year 62,623 -491,486 1,965,448 3,388,211 3,655,437 3,696,836
Exchange rate differences -1,240,557 -767,423 -594,030 384,545 200,822 -20,199
Increase Lending to the public, year on year, excl. Exchange rate differences 1,303,180 275,937 2,559,478 3,003,666 3,454,615 3,717,035
             
             
*During Q4 2018, the financial target for the Common Equity Tier reduced from above 12.5% to above 11.5%.