Note 8 – Defaults
| Parent bank | Group | |||
| 31 Dec 2013 | 31 Dec 2014 | (NOKm) | 31 Dec 2014 | 31 Dec 2013 |
| Total defaults | ||||
| 311 | 224 | Loans in default for more than 90 days *) | 270 | 387 |
| 73 | 63 | - individual write-downs | 67 | 87 |
| 238 | 162 | Net defaults | 202 | 299 |
| 24 % | 28 % | Provision rate | 25 % | 23 % |
| Problem Loans | ||||
| 146 | 208 | Problem loans (not in default) | 216 | 157 |
| 76 | 101 | - individual write-downs | 105 | 86 |
| 70 | 107 | Net problem loans | 112 | 71 |
| 52 % | 49 % | Provision rate | 48 % | 55 % |
| *) There are no defaults that relates to loans in the guarantee portfolio taken over from BN Bank per Q4. Any default in this portfolio will not entail loss for SpareBank 1 SMN. |
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