Note 8 - Defaults

Parent bank   Group
31 Dec 2013 31 Mar 2013 31 Mar 2014 (NOKm) 31 Mar 2014 31 Mar 2013 31 Dec 2013
      Total defaults      
311 316 205 Loans in default for more than 90 days *) 263 388 386
73 61 51  - individual write-downs 59 71 87
238 255 155 Net defaults 205 317 299
24 % 19 % 25 % Provision rate 22 % 18 % 23 %
      Problem Loans      
146 138 213 Problem loans (not in default) 231 160 157
76 67 105  - individual write-downs 114 72 86
70 71 108 Net problem loans  117 87 71
52 % 49 % 49 % Provision rate 49 % 45 % 55 %
*) There are no defaults  that relates to loans in the guarantee portfolio taken over from BN Bank per Q1.     
Any default  in this portfolio will not entail loss for SpareBank 1 SMN.     

Report and notes

© SpareBank 1 SMN