Note 7 - Losses

Parent Bank (NOKm) 1 Jan 22 Change in provision Net write-offs /recoveries  30 June 22
Loans as amortised cost- CM 1,298 -75 -254 969
Loans as amortised cost- RM 31 4 -4 30
Loans at fair value over OCI- RM 128 -11 - 117
Loans at fair value over OCI- CM 1 -0 - 1
Provision for expected credit losses on loans and guarantees  1,458 -82 -258 1,117
Presented as        
Provision for loan losses  1,348 -74 -258 1,015
Other debt- provisons 79 -8 - 71
Other comprehensive income - fair value adjustment  31 -0 - 31
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Parent Bank (NOKm) 1 Jan 21 Change in provision Net write-offs /recoveries  30 June 21
Loans as amortised cost- CM 1,377 77 -10 1,445
Loans as amortised cost- RM 35 3 -8 30
Loans at fair value over OCI- RM 147 -14 - 132
Loans at fair value over OCI- CM 0 0 - 1
Provision for expected credit losses on loans and guarantees  1,559 66 -17 1,608
Presented as        
Provision for loan losses  1,446 66 -17 1,495
Other debt- provisons 81 1 - 81
Other comprehensive income - fair value adjustment  32 -0 - 32
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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  30 June 22
Loans as amortised cost- CM 1,343 -76 -254 1,012
Loans as amortised cost- RM 49 7 -4 51
Loans at fair value over OCI- RM 128 -11 - 117
Loans at fair value over OCI- CM 1 -0 - 1
Provision for expected credit losses on loans and guarantees  1,520 -81 -259 1,181
Presented as        
Provision for loan losses  1,410 -73 -259 1,079
Other debt- provisons 79 -8 - 71
Other comprehensive income - fair value adjustment  31 -0 - 31
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Group (NOKm) 1 Jan 21 Change in provision Net write-offs /recoveries  30 June 21
Loans as amortised cost- CM 1,421 78 -11 1,488
Loans as amortised cost- RM 62 -6 -8 48
Loans at fair value over OCI- RM 147 -14 - 132
Loans at fair value over OCI- CM 0 0 - 1
Provision for expected credit losses on loans and guarantees  1,630 57 -18 1,669
Presented as        
Provision for loan losses  1,517 57 -18 1,555
Other debt- provisons 81 1 - 81
Other comprehensive income - fair value adjustment  32 -0 - 32
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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
  30 June 2022 30 June 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 19 -19 -0 - 19 -19 -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 4 - -1 -6 7 -
Net remeasurement of loss allowances -24 12 2 -10 -19 20 -6 -5 -22 24 -3 -1
Originations or purchases 12 5 0 18 9 5 1 15 19 17 1 37
Derecognitions -7 -14 -2 -23 -7 -17 -2 -26 -12 -32 -4 -48
Changes due to changed input assumptions 2 8 -2 8 3 6 - 9 1 -0 - 1
Actual loan losses 0 0 -4 -4 - - -8 -8 0 0 -12 -12
Closing balance  39 72 34 144 38 90 36 165 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 27 -26 -0 - 9 -9 -0 - 15 -15 - -
Transfer to (from) stage 2 -4 95 -91 - -2 2 - - -5 5 - -
Transfer to (from) stage 3 -1 -2 3 - -2 -73 75 - -2 -26 28 -
Net remeasurement of loss allowances 29 -0 -44 -15 -18 5 36 24 -26 26 38 39
Originations or purchases 33 11 5 49 19 12 112 143 32 21 100 153
Derecognitions -10 -17 -24 -50 -10 -87 -2 -99 -20 -145 -1 -166
Changes due to changed input assumptions -52 -3 4 -50 1 4 - 6 1 14 - 15
Actual loan losses - - -254 -254 - - -10 -10 - - -117 -117
Closing balance  106 326 470 902 85 242 1,034 1,362 84 268 871 1,223
Total accrual for loan losses 145 398 504 1,046 123 333 1,071 1,527 123 350 907 1,379
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  30 June 2022 30 June 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 20 -20 -0 - 23 -23 -0 - 22 -22 -0 -
Transfer to (from) stage 2 -2 2 -0 - -2 3 -0 - -2 3 -0 -
Transfer to (from) stage 3 -0 -5 5 - -0 -5 5 - -1 -7 8 -
Net remeasurement of loss allowances -25 15 3 -6 -21 21 -2 -1 -23 26 -1 2
Originations or purchases 14 6 0 21 11 6 1 18 22 20 1 43
Derecognitions -7 -15 -3 -25 -8 -18 -2 -28 -14 -37 -9 -60
Changes due to changed input assumptions 1 7 -3 6 1 4 -2 3 -0 -2 -4 -5
Actual loan losses - - -4 -4 - - -8 -8 - - -12 -12
Closing balance  46 80 39 165 46 96 49 190 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 28 -28 -0 - 10 -10 -0 - 20 -20 -0 -
Transfer to (from) stage 2 -4 96 -91 - -3 3 -0 - -7 7 -0 -
Transfer to (from) stage 3 -1 -2 3 - -2 -74 76 - -2 -27 29 -
Net remeasurement of loss allowances 29 2 -37 -6 -18 7 39 28 -29 31 42 44
Originations or purchases 35 12 5 52 21 14 114 148 35 23 112 169
Derecognitions -10 -17 -25 -53 -12 -90 -11 -113 -21 -146 -2 -169
Changes due to changed input assumptions -53 -3 -4 -61 0 3 -1 3 -2 12 -2 9
Actual loan losses - - -254 -254 - - -10 -10 - - -128 -128
Closing balance  116 337 492 945 94 251 1,052 1,398 94 278 896 1,268
Total accrual for loan losses 163 416 531 1,110 140 347 1,101 1,587 138 367 936 1,442
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Accrual for losses on guarantees and unused credit lines        
                         
  30 June 2022 30 June 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 2 -1 -0 - 4 -4 -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 -6 -5 1 -9 -7 5 -0 -3 -9 4 0 -4
Originations or purchases 7 3 0 10 5 3 0 8 7 4 0 11
Derecognitions -1 -6 -0 -7 -1 -3 -0 -4 -6 -5 -0 -11
Changes due to changed input assumptions -1 0 0 -1 0 1 - 1 0 2 - 2
Actual loan losses - - - - - - - - - - - -
Closing balance  18 46 7 71 22 57 3 81 19 55 5 79
Of which                        
Retail market       3       2       2
Corporate Market       68       79       76
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Provision for credit losses specified by industry        
  30 June 2022 30 June 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 29 7 39 10 26 2 39 2 31 6 39
Fisheries and hunting 9 12 0 21 3 0 0 4 6 7 0 13
Sea farming industries 2 0 1 3 0 0 0 1 1 0 0 2
Manufacturing 5 31 6 42 6 22 13 41 5 36 15 56
Construction, power and water supply 14 15 7 36 13 8 38 59 13 16 14 43
Retail trade, hotels and restaurants 9 27 3 40 8 26 16 50 8 28 11 46
Maritime sector 19 175 200 394 14 122 717 853 14 118 555 687
Property management 25 46 29 101 18 49 34 101 20 50 36 105
Business services 16 16 209 241 10 15 207 233 13 12 222 247
Transport and other services 8 6 16 30 7 7 9 23 7 6 17 30
Public administration 0 - - 0 0 - - 0 0 0 0 0
Other sectors 0 0 - 0 0 1 - 1 0 0 0 0
Wage earners 3 40 26 68 2 54 34 90 2 47 30 79
Total provision for losses on loans 113 398 504 1,015 91 333 1,071 1,495 91 350 907 1,348
loan loss allowance on loans at FVOCI 31     31 32     32 31     31
Total loan loss allowance 145 398 504 1,046 123 333 1,071 1,527 123 350 907 1,379
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  30 June 2022 30 June 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 4 30 8 42 11 28 3 42 3 33 7 42
Fisheries and hunting 9 12 0 21 3 0 0 4 6 7 0 13
Sea farming industries 3 0 4 7 1 1 0 2 1 1 1 3
Manufacturing 7 33 10 50 8 23 18 49 7 38 21 66
Construction, power and water supply 18 18 12 48 16 10 41 67 16 19 18 53
Retail trade, hotels and restaurants 10 28 6 44 9 27 18 54 9 28 16 53
Maritime sector 19 175 200 394 14 122 717 853 14 118 555 687
Property management 26 46 29 101 19 50 34 102 20 50 36 106
Business services 17 18 212 247 11 17 211 239 14 14 227 255
Transport and other services 10 8 20 38 9 9 21 38 8 7 22 37
Public administration 0 - - 0 0 - - 0 0 0 0 0
Other sectors 0 0 - 0 0 1 - 1 0 0 0 0
Wage earners 9 47 30 86 7 60 38 105 7 53 34 95
Total provision for losses on loans 131 416 531 1,079 108 347 111 1,556 107 367 936 1,410
loan loss allowance on loans at FVOCI 31     31 32     32 31     31
Total loan loss allowance 163 416 531 1,110 140 347 111 1,587 138 367 936 1,442
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