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
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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
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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
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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
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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
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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
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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
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  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
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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
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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
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  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
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