Note 7 - Losses
| Parent Bank (NOKm) | 1 Jan 22 | Change in provision | Net write-offs /recoveries | 30 Sep 22 |
| Loans as amortised cost- CM | 1,298 | -68 | -260 | 969 |
| Loans as amortised cost- RM | 31 | 6 | -5 | 31 |
| Loans at fair value over OCI- RM | 128 | -3 | - | 125 |
| Loans at fair value over OCI- CM | 1 | 1 | - | 2 |
| Provision for expected credit losses on loans and guarantees | 1,458 | -65 | -265 | 1,127 |
| Presented as | ||||
| Provision for loan losses | 1,348 | -69 | -265 | 1,014 |
| Other debt- provisons | 79 | 1 | - | 79 |
| Other comprehensive income - fair value adjustment | 31 | 3 | - | 34 |
| Parent Bank (NOKm) | 1 Jan 21 | Change in provision | Net write-offs /recoveries | 30 Sep 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 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 | 30 Sep 22 |
| Loans as amortised cost- CM | 1,343 | -65 | -261 | 1,016 |
| Loans as amortised cost- RM | 49 | 12 | -5 | 56 |
| Loans at fair value over OCI- RM | 128 | -3 | - | 125 |
| Loans at fair value over OCI- CM | 1 | 11 | -1 | 2 |
| Provision for expected credit losses on loans and guarantees | 1,520 | -45 | -268 | 1,199 |
| Presented as | ||||
| Provision for loan losses | 1,410 | -59 | -267 | 1,085 |
| Other debt- provisons | 79 | 1 | - | 79 |
| Other comprehensive income - fair value adjustment | 31 | 3 | - | 34 |
| Group (NOKm) | 1 Jan 21 | Change in provision | Net write-offs /recoveries | 30 Sep 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 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 | ||||||||||||
| 30 Sep 22 | 30 Sep 21 | 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 | 20 | -20 | -0 | - | 22 | -22 | -0 | - | 20 | -20 | -0 | - |
| Transfer to (from) stage 2 | -2 | 2 | -0 | - | -2 | 2 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -5 | 5 | - | -0 | -4 | 5 | - | -1 | -6 | 7 | - |
| Net remeasurement of loss allowances | -26 | 16 | 2 | -8 | -22 | 25 | -5 | -2 | -22 | 24 | -3 | -1 |
| Originations or purchases | 13 | 11 | 2 | 26 | 14 | 11 | 1 | 26 | 19 | 17 | 1 | 37 |
| Derecognitions | -9 | -20 | -2 | -32 | -10 | -26 | -3 | -38 | -12 | -32 | -4 | -48 |
| Changes due to changed input assumptions | 4 | 12 | -0 | 16 | 1 | -1 | - | 0 | 1 | -0 | - | 1 |
| Actual loan losses | 0 | 0 | -5 | -5 | - | - | -9 | -9 | 0 | 0 | -12 | -12 |
| Closing balance | 39 | 78 | 36 | 154 | 37 | 83 | 36 | 156 | 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 | 34 | -33 | -1 | - | 11 | -11 | - | - | 15 | -15 | - | - |
| Transfer to (from) stage 2 | -5 | 96 | -91 | - | -3 | 3 | - | - | -5 | 5 | - | - |
| Transfer to (from) stage 3 | -1 | -2 | 4 | - | -2 | -26 | 28 | - | -2 | -26 | 28 | - |
| Net remeasurement of loss allowances | 21 | -9 | -2 | 10 | -20 | 14 | 102 | 97 | -26 | 26 | 38 | 39 |
| Originations or purchases | 66 | 19 | 4 | 89 | 23 | 19 | 112 | 154 | 32 | 21 | 100 | 153 |
| Derecognitions | -27 | -19 | -24 | -70 | -16 | -141 | -1 | -159 | -20 | -145 | -1 | -166 |
| Changes due to changed input assumptions | -59 | 5 | -43 | -98 | 1 | 9 | - | 11 | 1 | 14 | - | 15 |
| Actual loan losses | - | - | -260 | -260 | - | - | -19 | -19 | - | - | -117 | -117 |
| Closing balance | 112 | 326 | 456 | 894 | 83 | 253 | 1,045 | 1,381 | 84 | 268 | 871 | 1,223 |
| Total accrual for loan losses | 152 | 404 | 492 | 1,048 | 120 | 337 | 1,080 | 1,537 | 123 | 350 | 907 | 1,379 |
| 30 Sep 22 | 30 Sep 21 | 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 | 22 | -22 | -0 | - | 23 | -23 | -0 | - | 22 | -22 | -0 | - |
| Transfer to (from) stage 2 | -3 | 3 | -1 | - | -3 | 3 | -0 | - | -2 | 3 | -0 | - |
| Transfer to (from) stage 3 | -0 | -5 | 5 | - | -0 | -5 | 6 | - | -1 | -7 | 8 | - |
| Net remeasurement of loss allowances | -26 | 20 | 3 | -2 | -23 | 27 | -2 | 1 | -23 | 26 | -1 | 2 |
| Originations or purchases | 18 | 14 | 2 | 33 | 16 | 13 | 3 | 32 | 22 | 20 | 1 | 43 |
| Derecognitions | -11 | -21 | -4 | -35 | -12 | -30 | -8 | -49 | -14 | -37 | -9 | -60 |
| Changes due to changed input assumptions | 4 | 11 | -1 | 14 | -0 | -2 | -5 | -7 | -0 | -2 | -4 | -5 |
| Actual loan losses | - | - | -5 | -5 | - | - | -9 | -9 | - | - | -12 | -12 |
| Closing balance | 49 | 89 | 41 | 179 | 43 | 90 | 41 | 174 | 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 | 37 | -35 | -1 | - | 16 | -16 | -0 | - | 20 | -20 | -0 | - |
| Transfer to (from) stage 2 | -6 | 98 | -91 | 0 | -4 | 4 | -0 | - | -7 | 7 | -0 | - |
| Transfer to (from) stage 3 | -1 | -2 | 4 | - | -2 | -27 | 29 | - | -2 | -27 | 29 | - |
| Net remeasurement of loss allowances | 21 | -5 | 9 | 25 | -23 | 17 | 108 | 102 | -29 | 31 | 42 | 44 |
| Originations or purchases | 71 | 20 | 4 | 95 | 26 | 20 | 113 | 159 | 35 | 23 | 112 | 169 |
| Derecognitions | -28 | -20 | -26 | -74 | -17 | -143 | -2 | -162 | -21 | -146 | -2 | -169 |
| Changes due to changed input assumptions | -61 | 4 | -54 | -112 | -1 | 8 | -2 | 4 | -2 | 12 | -2 | 9 |
| Actual loan losses | - | - | -261 | -261 | - | - | -20 | -20 | - | - | -128 | -128 |
| Closing balance | 125 | 337 | 478 | 941 | 92 | 263 | 1,069 | 1,425 | 94 | 278 | 896 | 1,268 |
| Total accrual for loan losses | 174 | 426 | 519 | 1,119 | 136 | 353 | 1,110 | 1,599 | 138 | 367 | 936 | 1,442 |
| Accrual for losses on guarantees and unused credit lines | ||||||||||||
| 30 Sep 22 | 30 Sep 21 | 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 | 3 | -3 | -0 | - | 5 | -5 | -0 | - | 6 | -6 | -0 | - |
| Transfer to (from) stage 2 | -1 | 1 | -0 | - | -6 | 6 | - | - | -7 | 7 | - | - |
| Transfer to (from) stage 3 | -0 | -0 | 0 | - | -0 | -1 | 1 | - | -0 | -1 | 1 | - |
| Net remeasurement of loss allowances | -11 | -1 | 5 | -7 | -7 | 7 | -2 | -2 | -9 | 4 | 0 | -4 |
| Originations or purchases | 10 | 6 | 0 | 16 | 8 | 3 | 0 | 10 | 7 | 4 | 0 | 11 |
| Derecognitions | -2 | -6 | -0 | -9 | -5 | -4 | -0 | -9 | -6 | -5 | -0 | -11 |
| Changes due to changed input assumptions | -1 | 0 | 0 | 0 | 0 | 1 | - | 2 | 0 | 2 | - | 2 |
| Actual loan losses | - | - | - | - | - | - | - | - | - | - | - | - |
| Closing balance | 18 | 51 | 10 | 79 | 22 | 57 | 3 | 82 | 19 | 55 | 5 | 79 |
| Of which | ||||||||||||
| Retail market | 2 | 3 | 2 | |||||||||
| Corporate Market | 77 | 79 | 76 | |||||||||
| Provision for credit losses specified by industry | ||||||||||||
| 30 Sep 22 | 30 Sep 21 | 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 |
| Agriculture and forestry | 3 | 32 | 12 | 47 | 2 | 31 | 3 | 36 | 2 | 31 | 6 | 39 |
| Fisheries and hunting | 10 | 11 | 0 | 21 | 7 | 0 | 0 | 8 | 6 | 7 | 0 | 13 |
| Sea farming industries | 2 | 1 | 1 | 4 | 1 | 0 | 0 | 2 | 1 | 0 | 0 | 2 |
| Manufacturing | 5 | 42 | 4 | 50 | 7 | 25 | 14 | 46 | 5 | 36 | 15 | 56 |
| Construction, power and water supply | 20 | 23 | 9 | 52 | 12 | 12 | 22 | 46 | 13 | 16 | 14 | 43 |
| Retail trade, hotels and restaurants | 9 | 28 | 2 | 39 | 7 | 28 | 9 | 44 | 8 | 28 | 11 | 46 |
| Maritime sector | 18 | 144 | 200 | 362 | 14 | 122 | 730 | 866 | 14 | 118 | 555 | 687 |
| Property management | 27 | 47 | 28 | 102 | 18 | 47 | 35 | 100 | 20 | 50 | 36 | 105 |
| Business services | 14 | 23 | 198 | 235 | 11 | 15 | 223 | 249 | 13 | 12 | 222 | 247 |
| Transport and other services | 8 | 11 | 16 | 35 | 7 | 8 | 10 | 25 | 7 | 6 | 17 | 30 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 1 | 0 | - | 1 | 0 | 0 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 1 | 42 | 24 | 67 | 2 | 47 | 32 | 82 | 2 | 47 | 30 | 79 |
| Total provision for losses on loans | 117 | 404 | 492 | 1,014 | 89 | 337 | 1,080 | 1,506 | 91 | 350 | 907 | 1,348 |
| loan loss allowance on loans at FVOCI | 34 | 34 | 31 | 31 | 31 | 31 | ||||||
| Total loan loss allowance | 152 | 404 | 492 | 1,048 | 120 | 337 | 1,080 | 1,537 | 123 | 350 | 907 | 1,379 |
| 30 Sep 22 | 30 Sep 21 | 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 |
| Agriculture and forestry | 4 | 34 | 13 | 51 | 3 | 32 | 4 | 39 | 3 | 33 | 7 | 42 |
| Fisheries and hunting | 10 | 11 | 0 | 21 | 7 | 0 | 0 | 8 | 6 | 7 | 0 | 13 |
| Sea farming industries | 3 | 1 | 4 | 8 | 2 | 1 | 0 | 3 | 1 | 1 | 1 | 3 |
| Manufacturing | 9 | 45 | 6 | 59 | 9 | 27 | 20 | 56 | 7 | 38 | 21 | 66 |
| Construction, power and water supply | 24 | 26 | 12 | 62 | 15 | 15 | 25 | 54 | 16 | 19 | 18 | 53 |
| Retail trade, hotels and restaurants | 10 | 29 | 5 | 44 | 8 | 28 | 11 | 47 | 9 | 28 | 16 | 53 |
| Maritime sector | 18 | 144 | 200 | 362 | 14 | 122 | 730 | 866 | 14 | 118 | 555 | 687 |
| Property management | 28 | 48 | 28 | 103 | 18 | 48 | 36 | 101 | 20 | 50 | 36 | 106 |
| Business services | 16 | 24 | 202 | 242 | 12 | 16 | 226 | 255 | 14 | 14 | 227 | 255 |
| Transport and other services | 11 | 14 | 21 | 46 | 9 | 10 | 21 | 40 | 8 | 7 | 22 | 37 |
| Public administration | 0 | - | - | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 1 | 0 | - | 1 | 0 | 0 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 8 | 52 | 28 | 88 | 7 | 53 | 36 | 97 | 7 | 53 | 34 | 95 |
| Total provision for losses on loans | 140 | 426 | 519 | 1,085 | 105 | 353 | 1,110 | 1,568 | 107 | 367 | 936 | 1,410 |
| loan loss allowance on loans at FVOCI | 34 | 34 | 31 | 31 | 31 | 31 | ||||||
| Total loan loss allowance | 174 | 426 | 519 | 1,119 | 136 | 353 | 1,110 | 1,599 | 138 | 367 | 936 | 1,442 |
