Note 7 - Losses

Parent Bank (NOKm)	1 Jan 21	Change in provision	Net write-offs /recoveries	31 Mar 21
Loans as amortised cost- CM	1,377	57	-5	1,429
Loans as amortised cost- RM	35	7	-10	32
Loans at fair value over OCI- RM	147	-15	-	132
Loans at fair value over OCI- CM	0	0	-	1
Provision for expected credit losses on loans and guarantees	1,559	49	-14	1,594
Presented as
Provision for loan losses	1,446	49	-14	1,481
Other debt- provisons	81	0	-	81
Other comprehensive income - fair value adjustment	32	-1	-	31

Parent Bank (NOKm)	1 Jan 20	Change in provision	Net write-offs /recoveries	31 Mar 20
Loans as amortised cost- CM	916	146	-30	1,031
Loans as amortised cost- RM	34	7	-3	39
Loans at fair value over OCI- RM	109	37	-	146
Loans at fair value over OCI- CM	1	-0	-	1
Provision for expected credit losses on loans and guarantees	1,060	190	-33	1,219
Presented as
Provision for loan losses	937	182	-33	1,086
Other debt- provisons	100	6	-	106
Other comprehensive income - fair value adjustment	23	3	-	26

Parent Bank (NOKm)	1 Jan 20	Change in provision	Net write-offs /recoveries	31 Dec 20
Loans as amortised cost- CM	916	667	-206	1,377
Loans as amortised cost- RM	34	12	-11	35
Loans at fair value over OCI- RM	109	38	-	147
Loans at fair value over OCI- CM	1	-1	-	0
Provision for expected credit losses on loans and guarantees	1,060	715	-217	1,559
Presented as
Provision for loan losses	937	725	-217	1,446
Other debt- provisons	100	-19	-	81
Other comprehensive income - fair value adjustment	23	9	-	32

Group (NOKm)	1 Jan 21	Change in provision	Net write-offs /recoveries	31 Mar 21
Loans as amortised cost- CM	1,421	57	-6	1,472
Loans as amortised cost- RM	62	8	-10	61
Loans at fair value over OCI- RM	147	-15	-	132
Loans at fair value over OCI- CM	0	0	-	1
Provision for expected credit losses on loans and guarantees	1,630	51	-15	1,665
Presented as
Provision for loan losses	1,517	51	-15	1,553
Other debt- provisons	81	0	-	81
Other comprehensive income - fair value adjustment	32	-1	-	31

Group (NOKm)	1 Jan 20	Change in provision	Net write-offs/ recoveries	31 Mar 20
Loans as amortised cost- CM	948	149	-32	1,065
Loans as amortised cost- RM	63	3	-3	63
Loans at fair value over OCI- RM	109	37	-	146
Loans at fair value over OCI- CM	1	-0	-	1
Provision for expected credit losses on loans and guarantees	1,121	190	-34	1,276
Presented as
Provision for loan losses	998	180	-34	1,144
Other debt- provisons	100	6	-	106
Other comprehensive income - fair value adjustment	23	3	-	26

Group (NOKm)	1 Jan 20	Change in provision	Net write-offs /recoveries	31 Dec 20
Loans as amortised cost- CM	948	682	-209	1,421
Loans as amortised cost- RM	63	10	-11	62
Loans at fair value over OCI- RM	109	38	-	147
Loans at fair value over OCI- CM	1	-1	-	0
Provision for expected credit losses on loans and guarantees	1,121	729	-220	1,630
Presented as
Provision for loan losses	998	739	-220	1,517
Other debt- provisons	100	-19	-	81
Other comprehensive income - fair value adjustment	23	9	-	32

Accrual for losses on loans
	31 Mar 2021				31 Mar 2020				31 Dec 2020
Parent Bank (NOKm)	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total
Retail market
Opening balance	35	97	47	180	25	73	45	143	25	73	45	143
Transfer to (from) stage 1	16	-16	-0	-	13	-13	-0	-	14	-13	-0	-
Transfer to (from) stage 2	-1	1	-0	-	-2	2	-0	-	-1	2	-0	-
Transfer to (from) stage 3	-0	-3	3	-	-0	-3	3	-	-0	-3	3	-
Net remeasurement of loss allowances	-15	17	-11	-10	-15	12	9	6	-17	12	9	5
Originations or purchases	5	2	0	8	4	2	0	6	13	13	0	26
Derecognitions	-4	-11	-1	-15	-2	-6	-1	-10	-8	-23	-2	-33
Changes due to changed input assumptions	1	3	-	4	5	38	-	43	10	38	2	50
Actual loan losses	0	0	-5	-5	-	-	-3	-3	0	0	-11	-11
Closing balance	37	91	34	162	28	104	53	185	35	97	47	180
Corporate Market
Opening balance	88	387	823	1,299	66	210	540	816	66	210	540	816
Transfer to (from) stage 1	7	-7	-0	-	9	-9	-0	-	14	-14	-0	-
Transfer to (from) stage 2	-2	2	-	-	-4	4	-0	-	-4	4	-0	-
Transfer to (from) stage 3	-2	-78	81	-	-0	-1	1	-	-0	-1	1	-
Net remeasurement of loss allowances	-9	13	50	54	-8	33	148	173	-2	72	486	556
Originations or purchases	13	1	4	18	14	2	1	17	45	99	1	144
Derecognitions	-5	-9	-1	-15	-11	-72	-0	-83	-30	-96	-1	-127
Changes due to changed input assumptions	1	4	-	6	4	30	-	34	-0	113	2	-
Actual loan losses	-	-	-10	-10	-	-	-30	-30	-	-	-206	-206
Closing balance	91	312	948	1,351	70	197	660	927	88	387	823	1,299
Total accrual for loan losses	128	403	981	1,512	98	301	713	1,112	123	484	870	1,478


	31 Mar 2021				31 Mar 2020				31 Dec 2020
Group (NOKm)	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total
Retail market
Opening balance	42	107	58	207	32	84	56	172	32	84	56	172
Transfer to (from) stage 1	17	- 17	- 0	-	14	- 14	- 0	-	14	- 13	- 0	-
Transfer to (from) stage 2	- 1	1	- 0	-	- 2	3	- 1	-	0	- 0	- 0	-
Transfer to (from) stage 3	- 0	- 5	5	-	- 0	- 4	4	-	- 1	- 2	3	-
Net remeasurement of loss allowances	- 16	19	- 9	- 6	- 16	12	11	8	- 17	11	11	5
Originations or purchases	6	3	2	11	5	2	0	7	12	15	5	31
Derecognitions	- 4	- 12	- 3	- 19	- 3	- 7	- 7	- 17	- 6	- 20	1	- 25
Changes due to changed input assumptions	1	2	- 1	2	5	38	-	43	7	33	- 6	35
Actual loan losses	-	-	- 5	- 5	-	-	- 3	- 3	-	-	- 11	- 11
Closing balance	43	99	48	190	35	114	61	210	42	107	58	207
Corporate Market
Opening balance	98	399	845	1,342	71	218	557	846	71	218	560	849
Transfer to (from) stage 1	8	- 8	0	-	9	- 9	- 0	-	14	- 14	- 0	-
Transfer to (from) stage 2	- 2	2	-	-	- 4	4	- 0	-	- 2	2	- 0	-
Transfer to (from) stage 3	- 2	- 79	82	-	- 0	- 1	1	-	- 1	0	1	-
Net remeasurement of loss allowances	- 10	14	53	57	- 9	33	151	175	- 2	72	484	555
Originations or purchases	15	1	4	20	14	2	3	20	46	103	3	151
Derecognitions	- 5	- 10	- 2	- 16	- 11	- 73	- 1	- 85	- 26	- 93	10	- 109
Changes due to changed input assumptions	- 0	3	- 1	2	4	30	-	34	- 2	111	- 4	106
Actual loan losses	-	-	- 10	- 10	-	-	- 31	- 31	-	-	- 209	- 209
Closing balance	101	322	971	1,394	75	204	680	960	98	399	845	1,342
Total accrual for loan losses	145	421	1,019	1,584	110	318	741	1,170	140	507	902	1,549

Accrual for losses on guarantees and unused credit lines

	31 Mar 2021				31 Mar 2020				31 Dec 2020
Parent Bank and Group (NOKm)	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total
Opening balance	27	50	4	81	14	29	57	100	14	29	57	100
Transfer to (from) stage 1	3	-3	-0	-	1	-1	-0	-	2	- 2	- 0	-
Transfer to (from) stage 2	-6	6	-	-	-0	0	-	-	- 0	0	- 0	-
Transfer to (from) stage 3	-0	-1	1	-	-0	-0	0	-	- 0	- 0	0	-
Net remeasurement of loss allowances	-6	6	-1	-1	-3	8	-0	5	2	16	- 54	- 36
Originations or purchases	3	1	0	4	2	0	0	3	11	8	0	19
Derecognitions	-1	-2	-0	-3	-1	-3	-0	-4	- 5	- 13	- 0	- 19
Changes due to changed input assumptions	0	1	-	1	1	2	-	3	3	12	0	16
Actual loan losses	-	-	-	-	-	-	-	-	-	-	-	-
Closing balance	20	57	4	81	14	36	57	106	27	50	4	81
Of which
Retail market				3				3				2
Corporate Market				79				103				79

Provision for credit losses specified by industry
	31 Mar 2021				31 Mar 2020				31 Dec 2020
Parent Bank (NOKm)	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total	Stage1	Stage2	Stage3	Total
Agriculture and forestry	2	23	2	27	2	25	8	34	2	34	5	41
Fisheries and hunting	8	2	0	10	4	0	-	4	6	2	0	8
Sea farming industries	4	0	0	4	1	1	-	1	2	0	3	5
Manufacturing	7	20	9	36	4	22	3	28	8	25	2	35
Construction, power and water supply	11	12	37	60	11	7	16	34	11	27	17	55
Retail trade, hotels and restaurants	9	26	16	51	9	15	11	34	10	30	17	58
Maritime sector	14	190	657	862	4	101	588	692	10	180	614	804
Property management	20	49	34	102	19	41	26	86	20	56	38	114
Business services	12	12	194	218	7	5	27	38	12	56	142	210
Transport and other services	8	10	1	19	11	5	1	17	8	10	2	19
Public administration	0	-	-	0	0	-	-	0	0	0	0	0
Other sectors	1	1	-	1	0	0	-	0	0	0	0	0
Wage earners	2	58	31	91	2	81	32	116	2	65	31	97
Total provision for losses on loans	97	403	981	1,481	72	301	713	1,086	91	484	870	1,446
loan loss allowance on loans at FVOCI	31	-	-	31	26	-	-	26	32	0	0	32
Total loan loss allowance	128	403	981	1,512	98	301	713	1,112	123	484	870	1,478


	31 Mar 2021				31 Mar 2020				31 Dec 2020
Group (NOKm)	Stage 1	Stage 2	Stage 3	Total	Stage 1	Stage 2	Stage 3	Total	Stage 1	Stage 2	Stage 3	Total
Agriculture and forestry	3	25	3	31	3	25	9	37	3	36	5	44
Fisheries and hunting	8	2	0	10	4	0	-	4	6	2	0	8
Sea farming industries	4	1	0	5	1	1	-	2	3	1	3	6
Manufacturing	9	23	14	45	4	24	7	35	10	27	7	44
Construction, power and water supply	13	14	41	68	13	9	24	46	13	31	20	64
Retail trade, hotels and restaurants	11	26	18	55	10	15	11	36	12	31	19	62
Maritime sector	14	190	657	862	4	101	588	692	10	180	614	804
Property management	20	49	34	103	19	41	26	86	20	56	39	115
Business services	13	13	198	224	7	6	28	41	13	57	143	213
Transport and other services	10	11	11	32	12	6	8	26	10	12	10	32
Public administration	0	0	-	0	0	-	-	0	0	0	0	0
Other sectors	1	1	-	1	0	0	2	2	0	0	2	2
Wage earners	7	65	44	116	8	90	40	138	7	73	41	122
Total provision for losses on loans	113	421	1,019	1,553	84	319	741	1,144	108	507	902	1,517
loan loss allowance on loans at FVOCI	31	-	-	31	26	-	-	26	32	0	0	32
Total loan loss allowance	145	421	1,019	1,584	110	319	741	1,170	140	507	902	1,549