Note 7 - Losses

 

Parent Bank (NOKm) 1.1.20 Change in provision Net write-offs /recoveries  30.09.20
Loans as amortised cost- CM 916 575 -116 1,374
Loans as amortised cost- RM 34 8 -10 32
Loans at fair value over OCI- RM 109 46 - 155
Loans at fair value over OCI- CM 1 -1 - 0
Provision for expected credit losses on loans and guarantees  1,060 627 -126 1,561
Presented as        
Provision for loan losses  937 577 -126 1,388
Other debt- provisons 100 43 - 143
Other comprehensive income - fair value adjustment  23 7 - 30

 

Parent Bank (NOKm) 1.1.19 Change in provision Net write-offs /recoveries  30.09.19
Loans as amortised cost- CM 742 137 -5 874
Loans as amortised cost- RM 45 14 -5 54
Loans at fair value over OCI- RM 75 4 - 79
Loans at fair value over OCI- CM - 1 - 1
Provision for expected credit losses on loans and guarantees  862 156 -10 1,008
Presented as        
Provision for loan losses  697 186 -10 873
Other debt- provisons 148 -28 - 120
Other comprehensive income - fair value adjustment  17 -2 - 15

 

Parent Bank (NOKm) 1.1.19 Change in provision Net write-offs /recoveries  31.12.19
Loans as amortised cost- CM 742 201 -27 916
Loans as amortised cost- RM 45 -6 -5 34
Loans at fair value over OCI- RM 75 34 - 109
Loans at fair value over OCI- CM - 1 - 1
Provision for expected credit losses on loans and guarantees  862 230 -32 1,060
Presented as        
Provision for loan losses  697 272 -32 937
Other debt- provisons 148 -48 - 100
Other comprehensive income - fair value adjustment  17 6 - 23

 

Group (NOKm) 1.1.20 Change in provision Net write-offs /recoveries  30.09.20
Loans as amortised cost- CM 948 588 -119 1,417
Loans as amortised cost- RM 63 6 -10 58
Loans at fair value over OCI- RM 109 46 - 155
Loans at fair value over OCI- CM 1 -1 - 0
Provision for expected credit losses on loans and guarantees  1,121 639 -130 1,630
Presented as        
Provision for loan losses  998 588 -130 1,457
Other debt- provisons 100 43 - 143
Other comprehensive income - fair value adjustment  23 7 - 30

 

Group (NOKm) 1.1.19 Change in provision Net write-offs /recoveries  30.09.19
Loans as amortised cost- CM 766 145 -7 905
Loans as amortised cost- RM 68 18 -5 80
Loans at fair value over OCI- RM 75 4 - 79
Loans at fair value over OCI- CM - 1 - 1
Provision for expected credit losses on loans and guarantees  909 167 -12 1,065
Presented as        
Provision for loan losses  744 197 -12 930
Other debt- provisons 148 -28 - 120
Other comprehensive income - fair value adjustment  17 -2 - 15

  

Group (NOKm) 1.1.19 Change in provision Net write-offs /recoveries  31.12.19
Loans as amortised cost- CM 766 212 -31 948
Loans as amortised cost- RM 68 0 -5 63
Loans at fair value over OCI- RM 75 34 - 109
Loans at fair value over OCI- CM - 1 - 1
Provision for expected credit losses on loans and guarantees  909 248 -36 1,121
Presented as        
Provision for loan losses  744 290 -36 998
Other debt- provisons 148 -48 - 100
Other comprehensive income - fair value adjustment  17 6 - 23

 

  

  January - September   January - September    
Accrual for losses on loans 2020   2019   2019
Retail market Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total
Opening balance 25 73 45 143   28 63 29 120   27 62 31 120
Transfer to (from) stage 1 13 -13 -0 -   8 -8 -0 -   10 -10 -  - 
Transfer to (from) stage 2 -2 2 -0 -   -1 1 -0 -   -2 2 -  - 
Transfer to (from) stage 3 -0 -3 4 -   -0 -2 2 -   - -3 3  - 
Net remeasurement of loss allowances -16 12 9 5   -8 10 12 14   -11 24 18 30
Originations or purchases 12 8 0 20   22 64 5 91   13 17 1 31
Derecognitions -7 -18 -2 -26   -23 -61 -4 -88   -11 -20 -1 -33
Changes due to changed input assumptions 8 44 -0 52   -1 2 0 1   - - - -
Actual loan losses     -10 -10   - - -5  -5   - - -5 -5
Closing balance  34 105 45 184   25 69 37 131   25 73 45 143
Corporate Market                            
Opening balance 66 210 540 816   64 148 383 594   64 148 382 594
Transfer to (from) stage 1 10 -10 -0 -   22 -22 - -   19 -19 -  - 
Transfer to (from) stage 2 -5 5 -0 -   -3 3 - -   -8 8  -   - 
Transfer to (from) stage 3 -0 -1 1 -   -0 -0 1 -   - - 1  - 
Net remeasurement of loss allowances 3 66 393 462   -22 73 147 198   -17 98 185 266
Originations or purchases 39 33 1 74   19 11 0 30   27 20 1 48
Derecognitions -25 -47 -1 -72   -14 -41 -0 -56   -20 -43 - -63
Changes due to changed input assumptions -16 88 0 71   -2 -5 - -7    -   -  - -
Actual loan losses - - -116 -116   - - -5 -5    -   -  -27 -27
Closing balance  72 344 819 1,235   62 167 526 755   66 210 541 817
Total accrual for loan losses 106 449 864 1,419   87 236 563 887   91 283 586 960

 

  January - September   January - September          
Group 2020   2019   2019
Retail market Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total
Opening balance 32 84 56 172   34 72 37 143   33 71 39 143
Transfer to (from) stage 1 15 - 14 - 0 - 0   9 - 9 - 0 -   12 - 11 -  - 
Transfer to (from) stage 2 - 2 3 - 1 -   - 2 3 - 1 -   - 2 4 - 1  - 
Transfer to (from) stage 3 - 0 - 5 5 -   - 0 - 3 3 -   - - 3 4  - 
Net remeasurement of loss allowances - 17 15 14 12   - 9 11 16 18   - 14 24 22 32
Originations or purchases 14 10 1 25   24 65 5 95   17 23 3 44
Derecognitions - 8 - 20 - 9 - 37   - 24 - 62 - 6 - 92   - 13 - 23 - 5 - 41
Changes due to changed input assumptions 6 43 - 0 49   - - - -   - - - -
Actual loan losses - - - 10 - 10   - - - 5 - 5    -   -  - 5 - 5
Closing balance  41 115 54 210   33 77 48 158   32 84 56 172
Corporate Market                            
Opening balance 71 217 560 849   68 152 397 618   70 152 397 619
Transfer to (from) stage 1 12 - 12 - 0 -   22 - 22 - 0 -   20 - 20 -  - 
Transfer to (from) stage 2 - 5 5 - 0 -   - 4 4 - 0 -   - 9 9  -   - 
Transfer to (from) stage 3 - 0 - 1 1 -   - 0 - 0 1 -   - - 1 1  - 
Net remeasurement of loss allowances 6 69 392 468   - 25 71 153 199   - 19 100 188 268
Originations or purchases 42 36 8 85   20 12 1 33   30 21 7 59
Derecognitions - 25 - 47 - 2 - 75   - 15 - 41 - 1 - 57   - 20 - 44 - 2 - 66
Changes due to changed input assumptions - 17 87 - 2 68   - - - -   - - - -
Actual loan losses - - - 119 - 119   - - - 5 - 5    -   -  - 31 - 31
Closing balance  83 355 839 1,277   67 175 546 787   71 218 560 849
Total accrual for loan losses 124 470 893 1,487   99 252 594 945   104 302 616 1,021

 

Accrual for losses on guarantees and unused credit lines January - September January - September        
2020 2019 2019
Parent Bank and Group (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Opening balance 14 29 57 100 11 47 90 148 11 47 90 148
Provision for credit losses  - - - - - - - - - - - -
Transfer to (from) stage 1 2 -2 -0 0 2 -2 -0 - 3 - 3 - 0 0
Transfer to (from) stage 2 -0 0 -0 -0 -0 0 - - - 1 1 - -
Transfer to (from) stage 3 -0 -0 0 - -0 -0 0 - - 0 - 0 0 0
Net remeasurement of loss allowances -11 -24 -0 -35 0 8 -16 -8 - 2 3 - 33 - 33
Originations or purchases - - - - - - - - 7 1 0 8
Derecognitions -4 -3 -0 -7 -1 -19 -0 -20 - 3 - 20 - 0 - 24
Changes due to changed input assumptions 18 68 0 87 - - - - - - - -
Actual loan losses - - - - - - - - - - - -
Closing balance  18 68 56 143 10 35 75 120 14 29 57 100
Hereof RM       3       2       2
Hereof CM       140       119       98

 

Allowance for losses
on loans distributed by sector		 January - September   January - September          
2020   2019   2019
Parent Bank (NOKm) Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total
Agriculture, forestry, fisheries, hunting 7 34 5 46   9 19 7 35   4 22 7 34
Sea farming industries 2 0 3 5   1 0 - 1   1 0 0 1
Manufacturing 5 18 2 26   7 29 0 35   5 9 5 20
Construction, power and water supply 10 12 17 39   7 11 11 29   10 5 11 26
Retail trade, hotels and restaurants 9 9 5 23   9 7 7 23   10 8 11 28
Maritime sector 6 229 619 855   8 52 439 499   9 87 471 568
Property management 17 42 42 101   16 30 22 68   16 45 23 83
Business services 9 21 138 168   5 30 27 61   7 50 22 79
Transport and other services 7 10 2 19   8 7 7 22   7 4 3 14
Public administration 0 - - 0   0 - - 0   0 0 0 0
Other sectors 0 0 - 0   0 0 20 20   0 0 0 0
Wage earners 3 73 30 106   2 51 27 80   0 52 33 86
Total provision for losses on loans 75 449 864 1,388   71 236 566 873   68 283 586 937
loan loss allowance on loans at FVOCI 30 - - 30   15 - - 15   23 0 0 24
Total loan loss allowance 106 449 864 1,419   86 236 566 888   91 283 586 961

 

  January - September   January - September          
  2020   2019   2019
Group (NOKm) Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total   Stage 1 Stage 2 Stage 3 Total
Agriculture, forestry, fisheries, hunting 9 35 5 49   10 19 8 37   5 23 8 36
Sea farming industries 2 1 3 6   1 1 - 2   1 0 0 1
Manufacturing 6 21 7 34   7 30 4 41   6 11 9 27
Construction, power and water supply 13 15 22 50   10 14 16 39   11 8 16 35
Retail trade, hotels and restaurants 10 10 6 26   10 8 8 25   11 8 11 30
Maritime sector 6 229 619 855   8 52 439 499   9 87 471 568
Property management 17 42 42 102   16 30 23 69   16 45 23 84
Business services 10 22 139 171   5 31 27 63   8 51 24 82
Transport and other services 9 12 12 32   9 9 11 28   8 5 8 21
Public administration 0 - - 0   0 - - 0   0 0 0 0
Other sectors 2 0 0 2   0 0 22 22   2 0 0 2
Wage earners 9 82 39 130   8 59 37 104   6 63 44 112
Total provision for losses on loans 94 470 893 1,457   84 252 594 930   82 302 614 998
loan loss allowance on loans at FVOCI 30 - - 30   15 - - 15   23 0 0 24
Total loan loss allowance 124 470 893 1,487   99 252 594 945   105 302 614 1,022

 

 

© SpareBank 1 SMN