Note 7 - Losses
| Parent Bank (NOKm) | 1 Jan 22 | Change in provision | Net write-offs/ recoveries |
31 March 22 |
| Loans as amortised cost- CM | 1,298 | -13 | -149 | 1,137 |
| Loans as amortised cost- RM | 31 | 6 | -4 | 32 |
| Loans at fair value over OCI- RM | 128 | -11 | - | 116 |
| Loans at fair value over OCI- CM | 1 | -0 | - | 1 |
| Provision for expected credit losses on loans and guarantees | 1,458 | -18 | -153 | 1,286 |
| Presented as | ||||
| Provision for loan losses | 1,348 | -10 | -153 | 1,185 |
| Other debt- provisons | 79 | -7 | - | 71 |
| Other comprehensive income - fair value adjustment | 31 | -1 | - | 30 |
| 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 21 | Change in provision | Net write-offs/ recoveries |
31 Dec 21 |
| Loans as amortised cost- CM | 1,377 | 38 | -117 | 1,298 |
| Loans as amortised cost- RM | 35 | 8 | -12 | 31 |
| Loans at fair value over OCI- RM | 147 | -19 | - | 128 |
| Loans at fair value over OCI- CM | 0 | 1 | - | 1 |
| Provision for expected credit losses on loans and guarantees | 1,559 | 27 | -129 | 1,458 |
| Presented as | ||||
| Provision for loan losses | 1,446 | 30 | -129 | 1,348 |
| Other debt- provisons | 81 | -2 | - | 79 |
| Other comprehensive income - fair value adjustment | 32 | -1 | - | 31 |
| Group (NOKm) | 1 Jan 22 | Change in provision | Net write-offs/ recoveries |
31 March 22 |
| Loans as amortised cost- CM | 1,343 | -12 | -149 | 1,182 |
| Loans as amortised cost- RM | 49 | 7 | -4 | 51 |
| Loans at fair value over OCI- RM | 128 | -11 | - | 116 |
| Loans at fair value over OCI- CM | 1 | -0 | - | 1 |
| Provision for expected credit losses on loans and guarantees | 1,520 | -17 | -153 | 1,351 |
| Presented as | ||||
| Provision for loan losses | 1,410 | -8 | -153 | 1,249 |
| Other debt- provisons | 79 | -7 | - | 71 |
| Other comprehensive income - fair value adjustment | 31 | -1 | - | 30 |
| 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 21 | Change in provision | Net write-offs/ recoveries |
31 Dec 21 |
| Loans as amortised cost- CM | 1,421 | 50 | -128 | 1,343 |
| Loans as amortised cost- RM | 62 | -1 | -12 | 49 |
| Loans at fair value over OCI- RM | 147 | -19 | - | 128 |
| Loans at fair value over OCI- CM | 0 | 1 | - | 1 |
| Provision for expected credit losses on loans and guarantees | 1,630 | 30 | -140 | 1,520 |
| Presented as | ||||
| Provision for loan losses | 1,517 | 33 | -140 | 1,410 |
| Other debt- provisons | 81 | -2 | - | 79 |
| Other comprehensive income - fair value adjustment | 32 | -1 | - | 31 |
| Accrual for losses on loans | ||||||||||||
| 31 March 2022 | 31 March 2021 | 31 Dec 2021 | ||||||||||
| 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 | 39 | 82 | 36 | 156 | 35 | 97 | 47 | 180 | 35 | 97 | 47 | 180 |
| Transfer to (from) stage 1 | 15 | -15 | -0 | - | 16 | -16 | -0 | - | 20 | -20 | -0 | - |
| Transfer to (from) stage 2 | -2 | 2 | -0 | - | -1 | 1 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -5 | 5 | - | -0 | -3 | 3 | - | -1 | -6 | 7 | - |
| Net remeasurement of loss allowances | -16 | 12 | 0 | -4 | -15 | 17 | -11 | -10 | -22 | 24 | -3 | -1 |
| Originations or purchases | 5 | 4 | 1 | 10 | 5 | 2 | 0 | 8 | 19 | 17 | 1 | 37 |
| Derecognitions | -3 | -8 | -2 | -13 | -4 | -11 | -1 | -15 | -12 | -32 | -4 | -48 |
| Changes due to changed input assumptions | -0 | 2 | -2 | 0 | 1 | 3 | - | 4 | 1 | -0 | - | 1 |
| Actual loan losses | 0 | 0 | -4 | -4 | - | - | -5 | -5 | 0 | 0 | -12 | -12 |
| Closing balance | 38 | 74 | 34 | 146 | 37 | 91 | 34 | 162 | 39 | 82 | 36 | 156 |
| Corporate Market | ||||||||||||
| Opening balance | 84 | 268 | 871 | 1,223 | 88 | 387 | 823 | 1,299 | 88 | 387 | 823 | 1,299 |
| Transfer to (from) stage 1 | 20 | -20 | -0 | - | 7 | -7 | -0 | - | 15 | -15 | - | - |
| Transfer to (from) stage 2 | -2 | 2 | - | - | -2 | 2 | - | - | -5 | 5 | - | - |
| Transfer to (from) stage 3 | -1 | -3 | 4 | - | -2 | -78 | 81 | - | -2 | -26 | 28 | - |
| Net remeasurement of loss allowances | 38 | 19 | -12 | 45 | -9 | 13 | 50 | 54 | -26 | 26 | 38 | 39 |
| Originations or purchases | 25 | 8 | 2 | 35 | 13 | 1 | 4 | 18 | 32 | 21 | 100 | 153 |
| Derecognitions | -6 | -10 | -15 | -31 | -5 | -9 | -1 | -15 | -20 | -145 | -1 | -166 |
| Changes due to changed input assumptions | -55 | -6 | 6 | -54 | 1 | 4 | - | 6 | 1 | 14 | - | 15 |
| Actual loan losses | - | - | -149 | -149 | - | - | -10 | -10 | - | - | -117 | -117 |
| Closing balance | 104 | 258 | 708 | 1,069 | 91 | 312 | 948 | 1,351 | 84 | 268 | 871 | 1,223 |
| Total accrual for loan losses | 142 | 332 | 741 | 1,215 | 128 | 403 | 981 | 1,512 | 123 | 350 | 907 | 1,379 |
| 31 March 2022 | 31 March 2021 | 31 Dec 2021 | ||||||||||
| 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 | 45 | 89 | 40 | 174 | 42 | 107 | 58 | 207 | 42 | 107 | 58 | 207 |
| Transfer to (from) stage 1 | 16 | - 16 | - 0 | - | 17 | - 17 | - 0 | - | 22 | - 22 | - 0 | - |
| Transfer to (from) stage 2 | - 2 | 2 | - 0 | - | - 1 | 1 | - 0 | - | - 2 | 3 | - 0 | - |
| Transfer to (from) stage 3 | - 0 | - 5 | 5 | - | - 0 | - 5 | 5 | - | - 1 | - 7 | 8 | - |
| Net remeasurement of loss allowances | - 16 | 15 | 1 | - 1 | - 16 | 19 | - 9 | - 6 | - 23 | 26 | - 1 | 2 |
| Originations or purchases | 7 | 5 | 1 | 12 | 6 | 3 | 2 | 11 | 22 | 20 | 1 | 43 |
| Derecognitions | - 4 | - 8 | - 2 | - 14 | - 4 | - 12 | - 3 | - 19 | - 14 | - 37 | - 9 | - 60 |
| Changes due to changed input assumptions | - 1 | 2 | - 3 | - 2 | 1 | 2 | - 1 | 2 | - 0 | - 2 | - 4 | - 5 |
| Actual loan losses | - | - | - 4 | - 4 | - | - | - 5 | - 5 | - | - | - 12 | - 12 |
| Closing balance | 45 | 82 | 38 | 165 | 43 | 99 | 48 | 190 | 45 | 89 | 40 | 174 |
| Corporate Market | ||||||||||||
| Opening balance | 94 | 278 | 896 | 1,268 | 98 | 399 | 845 | 1,342 | 98 | 399 | 845 | 1,342 |
| Transfer to (from) stage 1 | 21 | - 21 | - 0 | - | 8 | - 8 | 0 | - | 20 | - 20 | - 0 | - |
| Transfer to (from) stage 2 | - 2 | 2 | - 0 | - | - 2 | 2 | - | - | - 7 | 7 | - 0 | - |
| Transfer to (from) stage 3 | - 1 | - 3 | 4 | - | - 2 | - 79 | 82 | - | - 2 | - 27 | 29 | - |
| Net remeasurement of loss allowances | 39 | 20 | - 11 | 48 | - 10 | 14 | 53 | 57 | - 29 | 31 | 42 | 44 |
| Originations or purchases | 27 | 8 | 2 | 37 | 15 | 1 | 4 | 20 | 35 | 23 | 112 | 169 |
| Derecognitions | - 6 | - 11 | - 16 | - 33 | - 5 | - 10 | - 2 | - 16 | - 21 | - 146 | - 2 | - 169 |
| Changes due to changed input assumptions | - 55 | - 7 | 6 | - 56 | - 0 | 3 | - 1 | 2 | - 2 | 12 | - 2 | 9 |
| Actual loan losses | - | - | - 149 | - 149 | - | - | - 10 | - 10 | - | - | - 128 | - 128 |
| Closing balance | 115 | 268 | 732 | 1,115 | 101 | 322 | 971 | 1,394 | 94 | 278 | 896 | 1,268 |
| Total accrual for loan losses | 160 | 350 | 770 | 1,279 | 145 | 421 | 1,019 | 1,584 | 138 | 367 | 936 | 1,442 |
| Accrual for losses on guarantees and unused credit lines | ||||||||||||
| 31 March 2022 | 31 March 2021 | 31 Dec 2021 | ||||||||||
| 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 | 19 | 55 | 5 | 79 | 27 | 50 | 4 | 81 | 27 | 50 | 4 | 81 |
| Transfer to (from) stage 1 | 1 | -1 | -0 | - | 3 | -3 | -0 | - | 6 | - 6 | - 0 | - |
| Transfer to (from) stage 2 | -0 | 0 | -0 | - | -6 | 6 | - | - | - 7 | 7 | - | - |
| Transfer to (from) stage 3 | -0 | -0 | 0 | - | -0 | -1 | 1 | - | - 0 | - 1 | 1 | - |
| Net remeasurement of loss allowances | 2 | -5 | 0 | -2 | -6 | 6 | -1 | -1 | - 9 | 4 | 0 | - 4 |
| Originations or purchases | 5 | 1 | 0 | 6 | 3 | 1 | 0 | 4 | 7 | 4 | 0 | 11 |
| Derecognitions | -1 | -5 | -0 | -6 | -1 | -2 | -0 | -3 | - 6 | - 5 | - 0 | - 11 |
| Changes due to changed input assumptions | -5 | -1 | 0 | -5 | 0 | 1 | - | 1 | 0 | 2 | - | 2 |
| Actual loan losses | - | - | - | - | - | - | - | - | - | - | - | - |
| Closing balance | 21 | 45 | 5 | 71 | 20 | 57 | 4 | 81 | 19 | 55 | 5 | 79 |
| Of which | ||||||||||||
| Retail market | 3 | 3 | 2 | |||||||||
| Corporate Market | 68 | 79 | 76 | |||||||||
| Provision for credit losses specified by industry | ||||||||||||
| 31 March 2022 | 31 March 2021 | 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 | 8 | 41 | 2 | 23 | 2 | 27 | 2 | 31 | 6 | 39 |
| Fisheries and hunting | 9 | 10 | 0 | 19 | 8 | 2 | 0 | 10 | 6 | 7 | 0 | 13 |
| Sea farming industries | 1 | 0 | 1 | 2 | 4 | 0 | 0 | 4 | 1 | 0 | 0 | 2 |
| Manufacturing | 5 | 31 | 11 | 47 | 7 | 20 | 9 | 36 | 5 | 36 | 15 | 56 |
| Construction, power and water supply | 13 | 14 | 8 | 35 | 11 | 12 | 37 | 60 | 13 | 16 | 14 | 43 |
| Retail trade, hotels and restaurants | 10 | 28 | 11 | 49 | 9 | 26 | 16 | 51 | 8 | 28 | 11 | 46 |
| Maritime sector | 22 | 109 | 409 | 539 | 14 | 190 | 657 | 862 | 14 | 118 | 555 | 687 |
| Property management | 24 | 45 | 30 | 99 | 20 | 49 | 34 | 102 | 20 | 50 | 36 | 105 |
| Business services | 14 | 14 | 221 | 249 | 12 | 12 | 194 | 218 | 13 | 12 | 222 | 247 |
| Transport and other services | 7 | 8 | 18 | 33 | 8 | 10 | 1 | 19 | 7 | 6 | 17 | 30 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 0 | - | 0 | 1 | 1 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 3 | 42 | 25 | 70 | 2 | 58 | 31 | 91 | 2 | 47 | 30 | 79 |
| Total provision for losses on loans | 111 | 332 | 741 | 1,185 | 97 | 403 | 981 | 1,481 | 91 | 350 | 907 | 1,348 |
| loan loss allowance on loans at FVOCI | 30 | 30 | 31 | 31 | 31 | 31 | ||||||
| Total loan loss allowance | 142 | 332 | 741 | 1,215 | 128 | 403 | 981 | 1,512 | 123 | 350 | 907 | 1,379 |
| 31 March 2022 | 31 March 2021 | 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 | 9 | 44 | 3 | 25 | 3 | 31 | 3 | 33 | 7 | 42 |
| Fisheries and hunting | 9 | 10 | 0 | 19 | 8 | 2 | 0 | 10 | 6 | 7 | 0 | 13 |
| Sea farming industries | 2 | 1 | 1 | 4 | 4 | 1 | 0 | 5 | 1 | 1 | 1 | 3 |
| Manufacturing | 8 | 34 | 16 | 57 | 9 | 23 | 14 | 45 | 7 | 38 | 21 | 66 |
| Construction, power and water supply | 16 | 16 | 11 | 44 | 13 | 14 | 41 | 68 | 16 | 19 | 18 | 53 |
| Retail trade, hotels and restaurants | 12 | 28 | 19 | 59 | 11 | 26 | 18 | 55 | 9 | 28 | 16 | 53 |
| Maritime sector | 22 | 109 | 409 | 539 | 14 | 190 | 657 | 862 | 14 | 118 | 555 | 687 |
| Property management | 25 | 45 | 30 | 100 | 20 | 49 | 34 | 103 | 20 | 50 | 36 | 106 |
| Business services | 15 | 16 | 225 | 256 | 13 | 13 | 198 | 224 | 14 | 14 | 227 | 255 |
| Transport and other services | 10 | 10 | 21 | 41 | 10 | 11 | 11 | 32 | 8 | 7 | 22 | 37 |
| Public administration | 0 | - | - | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 0 | - | 0 | 1 | 1 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 8 | 49 | 29 | 86 | 7 | 65 | 44 | 116 | 7 | 53 | 34 | 95 |
| Total provision for losses on loans | 130 | 350 | 770 | 1,249 | 113 | 421 | 1,019 | 1,553 | 107 | 367 | 936 | 1,410 |
| loan loss allowance on loans at FVOCI | 30 | 30 | 31 | 31 | 31 | 31 | ||||||
| Total loan loss allowance | 160 | 350 | 770 | 1,279 | 145 | 421 | 1,019 | 1,584 | 138 | 367 | 936 | 1,442 |
