Note 10 - Net interest income

 

Parent bank   Group
January - December   January - December
2016 2017 (NOK million) 2017 2016
         
    Interest income    
124 137 Interest income from loans to and claims on central banks and credit institutions 44 48
2,986 3,150 Interest income from loans to and claims on customers 3,476 3,240
292 284 Interest income from money market instruments, bonds and other fixed income securities 281 289
- - Other interest income 23 19
3,401 3,571 Total interest income 3,825 3,597
         
    Interest expense    
152 133 Interest expenses on liabilities to credit institutions 137 153
652 654 Interest expenses relating to deposits from and liabilities to customers 636 636
708 668 Interest expenses related to the issuance of securities 668 708
99 95 Interest expenses on subordinated debt *) 97 101
2 -0 Other interest expenses  13 13
58 49 Guarantee fund levy 49 58
1,672 1,599 Total interest expense 1,600 1,668
         
1,730 1,972 Net interest income 2,225 1,929
*) SpareBank 1 SMN has as from the fourth quarter of 2017 reclassified two debt hybrids from debt to equity. The change has brought a reduction totalling NOK 44m in interest expenses for 2017 and NOK 45m for 2016. Comparatives for 2016 have been restated. See note 1 for further details.
© SpareBank 1 SMN