Note 8 - Defaults
| Parent bank | Group | |||||
| 31.12.09 | 31.12.10 | 31.12.11 | 31.12.11 | 31.12.10 | 31.12.09 | |
| Total defaults | ||||||
| 298 | 397 | 272 | Loans in default for more than 90 days *) | 338 | 499 | 379 |
| 62 | 72 | 73 | - Specified loss provision | 89 | 100 | 76 |
| 236 | 325 | 199 | Net defaults | 249 | 399 | 302 |
| 21 % | 18 % | 27 % | Provision rate | 26 % | 20 % | 20 % |
| Problem Loans | ||||||
| 412 | 198 | 191 | Problem loans (not in default) | 204 | 211 | 442 |
| 130 | 114 | 77 | - Specified loss provision | 83 | 122 | 142 |
| 281 | 84 | 113 | Net problem loans | 121 | 89 | 300 |
| 32 % | 58 % | 41 % | Provision rate | 41 % | 58 % | 32 % |
*) Of which NOK 31 million relates to loans in the guarantee portfolio taken over from BN Bank ASA. These will not entail loss for SpareBank 1 SMN.
