Note 7 - Losses

 

Parent Bank (NOKm) 1 Jan 21 Change in provision Net write-offs /recoveries  30 Sept 21
Loans as amortised cost- CM 1,377 102 -19 1,459
Loans as amortised cost- RM 35 8 -9 33
Loans at fair value over OCI- RM 147 -21 - 126
Loans at fair value over OCI- CM 0 0 - 1
Provision for expected credit losses on loans and guarantees  1,559 88 -29 1,619
Presented as        
Provision for loan losses  1,446 89 -29 1,506
Other debt- provisons 81 1 - 82
Other comprehensive income - fair value adjustment  32 -1 - 31

 

Parent Bank (NOKm) 1 Jan 20 Change in provision Net write-offs /recoveries  30 Sept 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 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  30 Sept 21
Loans as amortised cost- CM 1,421 103 -20 1,503
Loans as amortised cost- RM 62 -2 -9 51
Loans at fair value over OCI- RM 147 -21 - 126
Loans at fair value over OCI- CM 0 0 - 1
Provision for expected credit losses on loans and guarantees  1,630 81 -30 1,680
Presented as        
Provision for loan losses  1,517 81 -30 1,568
Other debt- provisons 81 1 - 82
Other comprehensive income - fair value adjustment  32 -1 - 31

 

 

Group (NOKm) 1 Jan 20 Change in provision Net write-offs /recoveries  30 Sept 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 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      
  30 Sept 2021 30 Sept 2020 31 Dec 2020
Parent Bank (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Retail market                        
Opening balance 35 97 47 180 25 73 45 143 25 73 45 143
Transfer to (from) stage 1 22 -22 -0 - 13 -13 -0 - 14 -13 -0 -
Transfer to (from) stage 2 -2 2 -0 - -2 2 -0 - -1 2 -0 -
Transfer to (from) stage 3 -0 -4 5 - -0 -3 4 - -0 -3 3 -
Net remeasurement of loss allowances -22 25 -5 -2 -16 12 9 5 -17 12 9 5
Originations or purchases 14 11 1 26 12 8 0 20 13 13 0 26
Derecognitions -10 -26 -3 -38 -7 -18 -2 -26 -8 -23 -2 -33
Changes due to changed input assumptions 1 -1 - 0 8 44 -0 52 10 38 2 50
Actual loan losses - - -9 -9 - - -10 -10 - - -11 -11
Closing balance  37 83 36 156 34 105 45 184 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 11 -11 - - 10 -10 -0 - 14 -14 -0 -
Transfer to (from) stage 2 -3 3 - - -5 5 -0 - -4 4 -0 -
Transfer to (from) stage 3 -2 -26 28 - -0 -1 1 - -0 -1 1 -
Net remeasurement of loss allowances -20 14 102 97 3 66 393 462 -2 72 486 556
Originations or purchases 23 19 112 154 39 33 1 74 45 99 1 144
Derecognitions -16 -141 -1 -159 -25 -47 -1 -72 -30 -96 -1 -127
Changes due to changed input assumptions 1 9 - 11 -16 88 0 71 -0 113 2 115
Actual loan losses - - -19 -19 - - -116 -116 - - -206 -206
Closing balance  83 253 1,045 1,381 72 344 819 1,235 88 387 823 1,299
Total accrual for loan losses 120 337 1,080 1,537 106 449 864 1,419 123 484 870 1,478

 

 

 

             
  30 Sept 2021 30 Sept 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
Retail market                        
Opening balance 42 107 58 207 32 84 56 172 32 84 56 172
Transfer to (from) stage 1 23 - 23 - 0 - 15 - 14 - 0 - 14 - 13 - 0 -
Transfer to (from) stage 2 - 3 3 - 0 - - 2 3 - 1 - 0 - 0 - 0 -
Transfer to (from) stage 3 - 0 - 5 6 - - 0 - 5 5 - - 1 - 2 3 -
Net remeasurement of loss allowances - 23 27 - 2 1 - 17 15 14 12 - 17 11 11 5
Originations or purchases 16 13 3 32 14 10 1 25 12 15 5 31
Derecognitions - 12 - 30 - 8 - 49 - 8 - 20 - 9 - 37 - 6 - 20 1 - 25
Changes due to changed input assumptions - 0 - 2 - 5 - 7 6 43 - 0 49 7 33 - 6 35
Actual loan losses - - - 9 - 9 - - - 10 - 10 - - - 11 - 11
Closing balance  43 90 41 174 41 115 54 210 42 107 58 207
Corporate Market                        
Opening balance 98 399 845 1,342 71 217 560 849 71 218 560 849
Transfer to (from) stage 1 16 - 16 - 0 - 12 - 12 - 0 - 14 - 14 - 0 -
Transfer to (from) stage 2 - 4 4 - 0 - - 5 5 - 0 - - 2 2 - 0 -
Transfer to (from) stage 3 - 2 - 27 29 - - 0 - 1 1 - - 1 0 1 -
Net remeasurement of loss allowances - 23 17 108 102 6 69 392 468 - 2 72 484 555
Originations or purchases 26 20 113 159 42 36 8 85 46 103 3 151
Derecognitions - 17 - 143 - 2 - 162 - 25 - 47 - 2 - 75 - 26 - 93 10 - 109
Changes due to changed input assumptions - 1 8 - 2 4 - 17 87 - 2 68 - 2 111 - 4 106
Actual loan losses - - - 20 - 20 - - - 119 - 119 - - - 209 - 209
Closing balance  92 263 1,069 1,425 83 355 839 1,277 98 399 845 1,342
Total accrual for loan losses 136 353 1,110 1,599 124 470 893 1,487 140 507 902 1,549

 

Accrual for losses on guarantees and unused credit lines        
                         
  30 Sept 2021 30 Sept 2020 31 Dec 2020
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 27 50 4 81 14 29 57 100 14 29 57 100
Transfer to (from) stage 1 5 -5 -0 - 2 -2 -0 - 2 - 2 - 0 -
Transfer to (from) stage 2 -6 6 - - -0 0 -0 - - 0 0 - 0 -
Transfer to (from) stage 3 -0 -1 1 - -0 -0 0 - - 0 - 0 0 -
Net remeasurement of loss allowances -7 7 -2 -2 -11 -24 -0 -35 2 16 - 54 - 36
Originations or purchases 8 3 0 10 - - - - 11 8 0 19
Derecognitions -5 -4 -0 -9 -4 -3 -0 -7 - 5 - 13 - 0 - 19
Changes due to changed input assumptions 0 1 - 2 18 68 0 87 3 12 0 16
Closing balance  22 57 3 82 18 68 56 143 27 50 4 81
Of which                        
Retail market       3       3       2
Corporate Market       79       140       79

 

 

Provision for credit losses specified by industry        
  30 Sept 2021 30 Sept 2020 31 Dec 2020
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 and forestry 2 31 3 36 2 32 5 39 2 34 5 41
Fisheries and hunting 7 0 0 8 6 1 0 7 6 2 - 8
Sea farming industries 1 0 0 2 2 0 3 5 2 0 3 5
Manufacturing 7 25 14 46 5 18 2 26 8 25 2 35
Construction, power and water supply 12 12 22 46 10 12 17 39 11 27 17 55
Retail trade, hotels and restaurants 7 28 9 44 9 9 5 23 10 30 17 58
Maritime sector 14 122 730 866 6 229 619 855 10 180 614 804
Property management 18 47 35 100 17 42 42 101 20 56 38 114
Business services 11 15 223 249 9 21 138 168 12 56 142 210
Transport and other services 7 8 10 25 7 10 2 19 8 10 2 19
Public administration 0 - - 0 0 - - 0 0 - - 0
Other sectors 0 0 - 1 0 0 - 0 0 0 - 0
Wage earners 2 47 32 82 3 73 30 106 2 65 31 97
Total provision for losses on loans 89 337 1,080 1,506 75 449 864 1,388 91 484 870 1,446
loan loss allowance on loans at FVOCI 31     31 30     30 32     32
Total loan loss allowance 120 337 1,080 1,537 106 449 864 1,419 123 484 870 1,478

 

 

             
  30 Sept 2021 30 Sept 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 32 4 39 3 34 5 42 3 36 5 44
Fisheries and hunting 7 0 0 8 6 1 0 7 6 2 - 8
Sea farming industries 2 1 0 3 2 1 3 6 3 1 3 6
Manufacturing 9 27 20 56 6 21 7 34 10 27 7 44
Construction, power and water supply 15 15 25 54 13 15 22 50 13 31 20 64
Retail trade, hotels and restaurants 8 28 11 47 10 10 6 26 12 31 19 62
Maritime sector 14 122 730 866 6 229 619 855 10 180 614 804
Property management 18 48 36 101 17 42 42 102 20 56 39 115
Business services 12 16 226 255 10 22 139 171 13 57 143 213
Transport and other services 9 10 21 40 9 12 12 32 10 12 10 32
Public administration 0 - 0 0 0 - - 0 0 - - 0
Other sectors 0 0 - 1 2 0 0 2 0 0 2 2
Wage earners 7 53 36 97 9 82 39 130 7 73 41 122
Total provision for losses on loans 105 353 1,110 1,568 94 470 893 1,457 108 507 902 1,517
loan loss allowance on loans at FVOCI 31     31 30     30 32     32
Total loan loss allowance 136 353 1,110 1,599 124 470 893 1,487 140 507 902 1,549

 

 

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