Note 8 - Defaults

Parent bank   Group
31 Dec 2010 30 Sept 2010 30 Sept 2011   30 Sept 2011 30 Sept 2010 31 Dec 2010
      Total defaults      
397 234 248 Loans in default for more than 90 days *) 332 326 499
72 47 60  - Specified loss provision 79 76 100
325 187 188 Net defaults 253 250 399
18 % 20 % 24 % Provision rate 24 % 23 % 20 %
      Problem Loans      
198 709 216 Problem loans (not in default) 223 726 211
114 200 75  - Specified loss provision 81 207 122
84 509 140 Net problem loans  142 519 89
58 % 28 % 35 % Provision rate 36 % 29 % 58 %

*) Of which NOK 19 million relates to loans in the guarantee portfolio taken over from BN Bank ASA. These will not entail loss for SpareBank 1 SMN.

 

© SpareBank 1 SMN