Net interest income was NOK 224 million for the first half-year of 2015, compared to NOK 231 million for the first half-year of 2014. Despite a decrease in interest generating assets from the first half-year of 2014, net interest income remained relatively stable due to extraordinary income. A contingency of NOK 26 million in relation to Lehman Brothers International (Europe) (in administration) was reversed in the second quarter of 2015.
Comprehensive income according to IFRS was negative NOK 486 million for the first six months of 2015, compared to negative NOK 3,164 million for the same period of 2014. The negative figures were primarily due to the reversal of previously unrealized gains on Eksportfinans’ own debt.
Profit excluding unrealized gains and losses on financial instruments amounted to NOK 114 million for the first half-year of 2015, compared to NOK 81 million for the first half-year of 2014. The profit was positively affected by extraordinary income in the first half-year of 2015, including a gain of NOK 30 million booked in the first quarter of 2015. This gain was a result of Eksportfinans’ realization of ISK 2 billion at an auction held by the Icelandic Central Bank.
Total assets amounted to NOK 76 billion at June 30, 2015, compared to NOK 86 billion at December 31, 2014. The reduction was in line with expectations and due to the limitations on new lending business since 2011 as well as repayments on the current debt portfolios.
The core capital ratio was 29.8 percent at June 30, 2015, compared to 24.3 percent at December 31, 2014. At the end of the first half-year of 2015, the company had liquidity reserves totaling NOK 34 billion.
Eksportfinans’ financial reports, including the first half-year report for 2015, are available on www.eksportfinans.no.
President and CEO, Geir Bergvoll:
• tel: +47 913 15 485
• e-mail: gbv@eksportfinans.no
EVP Director of staff / communications, Elise Lindbæk:
• tel: +47 905 18 250
• e-mail: el@eksportfinans.no
EVP Chief Financial Officer, Geir Ove Olsen:
• tel: +47 900 92 326
• e-mail: goo@eksportfinans.no
