Note 7 - Losses

 

Parent Bank (NOKm) 1 Jan 22 Change in provision Net write-offs /recoveries  31 Dec 22
Loans as amortised cost- CM 1,298 -98 -278 921
Loans as amortised cost- RM 31 10 -5 35
Loans at fair value over OCI- RM 128 19 - 147
Loans at fair value over OCI- CM 1 1 - 2
Provision for expected credit losses on loans and guarantees  1,458 -68 -284 1,106
Presented as        
Provision for loan losses  1,348 -65 -284 999
Other debt- provisons 79 -12 - 67
Other comprehensive income - fair value adjustment  31 9 - 40
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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 Dec 22
Loans as amortised cost- CM 1,343 -88 -280 976
Loans as amortised cost- RM 49 19 -5 63
Loans at fair value over OCI- RM 128 19 - 147
Loans at fair value over OCI- CM 1 1 - 2
Provision for expected credit losses on loans and guarantees  1,520 -48 -285 1,188
Presented as        
Provision for loan losses  1,410 -45 -285 1,081
Other debt- provisons 79 -12 - 67
Other comprehensive income - fair value adjustment  31 9 - 40
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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 Dec 2022 31 Dec 2021
Parent Bank (NOKm) 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
Transfer to (from) stage 1 18 -18 -0 - 20 -20 -0 -
Transfer to (from) stage 2 -2 2 -0 - -2 2 -0 -
Transfer to (from) stage 3 -0 -6 6 - -1 -6 7 -
Net remeasurement of loss allowances -24 20 7 4 -22 24 -3 -1
Originations or purchases 17 24 4 45 19 17 1 37
Derecognitions -12 -24 -3 -39 -12 -32 -4 -48
Changes due to changed input assumptions 9 13 -2 20 1 -0 - 1
Actual loan losses 0 0 -5 -5 - - -12 -12
Closing balance  46 93 42 181 39 82 36 156
Corporate Market                
Opening balance 84 268 871 1,223 88 387 823 1,299
Transfer to (from) stage 1 75 -74 -1 - 15 -15 - -
Transfer to (from) stage 2 -5 97 -92 - -5 5 - -
Transfer to (from) stage 3 -1 -3 4 - -2 -26 28 -
Net remeasurement of loss allowances -67 -35 -66 -168 -26 26 38 39
Originations or purchases 49 34 4 87 32 21 100 153
Derecognitions -33 -31 -24 -88 -20 -145 -1 -166
Changes due to changed input assumptions 37 41 4 83 1 14 - 15
Actual loan losses - - -278 -278 - - -117 -117
Closing balance  138 298 421 858 84 268 871 1,223
Total accrual for loan losses 184 391 463 1,039 123 350 907 1,379
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  31 Dec 2022 31 Dec 2021
Group (NOKm) 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
Transfer to (from) stage 1 20 -20 -0 - 22 -22 -0 -
Transfer to (from) stage 2 -3 3 -1 - -2 3 -0 -
Transfer to (from) stage 3 -0 -7 7 - -1 -7 8 -
Net remeasurement of loss allowances -24 25 8 9 -23 26 -1 2
Originations or purchases 22 30 4 56 22 20 1 43
Derecognitions -13 -26 -4 -43 -14 -37 -9 -60
Changes due to changed input assumptions 8 13 -3 18 -0 -2 -4 -5
Actual loan losses - - -5 -5 - - -12 -12
Closing balance  55 107 47 209 45 89 40 174
Corporate Market                
Opening balance 94 278 896 1,268 98 399 845 1,342
Transfer to (from) stage 1 77 -76 -1 - 20 -20 -0 -
Transfer to (from) stage 2 -7 99 -92 - -7 7 -0 -
Transfer to (from) stage 3 -2 -3 4 - -2 -27 29 -
Net remeasurement of loss allowances -68 -30 -47 -145 -29 31 42 44
Originations or purchases 55 35 5 95 35 23 112 169
Derecognitions -34 -33 -26 -93 -21 -146 -2 -169
Changes due to changed input assumptions 35 40 -8 67 -2 12 -2 9
Actual loan losses - - -280 -280 - - -128 -128
Closing balance  151 311 450 912 94 278 896 1,268
Total accrual for loan losses 206 418 497 1,121 138 367 936 1,442
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Accrual for losses on guarantees and unused credit lines
                 
  31 Dec 2022 31 Dec 2021
Parent Bank and Group (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Opening balance 19 55 5 79 27 50 4 81
Transfer to (from) stage 1 16 -16 -0 - 6 -6 -0 -
Transfer to (from) stage 2 -1 1 -0 - -7 7 - -
Transfer to (from) stage 3 -0 -0 1 - -0 -1 1 -
Net remeasurement of loss allowances -16 -3 3 -15 -9 4 0 -4
Originations or purchases 12 6 0 18 7 4 0 11
Derecognitions -4 -12 -0 -16 -6 -5 -0 -11
Changes due to changed input assumptions -3 3 0 1 0 2 - 2
Actual loan losses - - - - - - - -
Closing balance  24 34 9 67 19 55 5 79
Of which                
Retail market       1       3
Corporate Market       66       79
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Provision for credit losses specified by industry
  31 Dec 2022 31 Dec 2021
Parent Bank (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Agriculture and forestry 4 38 18 60 2 31 6 39
Fisheries and hunting 11 12 0 23 6 7 0 13
Sea farming industries 3 1 1 5 1 0 0 2
Manufacturing 9 47 2 58 5 36 15 56
Construction, power and water supply 26 22 11 59 13 16 14 43
Retail trade, hotels and restaurants 16 14 1 32 8 28 11 46
Maritime sector 19 117 184 320 14 118 555 687
Property management 34 55 28 117 20 50 36 105
Business services 13 24 177 214 13 12 222 247
Transport and other services 9 11 16 36 7 6 17 30
Public administration 0 - - 0 0 - - 0
Other sectors 0 0 - 0 0 0 - 0
Wage earners 1 50 25 75 2 47 30 79
Total provision for losses on loans 144 391 463 999 91 350 907 1,348
loan loss allowance on loans at FVOCI 40     40 31     31
Total loan loss allowance 184 391 463 1,039 123 350 907 1,379
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  31 Dec 2022 31 Dec 2021
Group (NOKm) Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total
Agriculture and forestry 5 40 19 64 3 33 7 42
Fisheries and hunting 11 12 0 23 6 7 0 13
Sea farming industries 4 1 4 9 1 1 1 3
Manufacturing 11 50 8 70 7 38 21 66
Construction, power and water supply 30 25 16 71 16 19 18 53
Retail trade, hotels and restaurants 17 15 2 34 9 28 16 53
Maritime sector 19 117 184 320 14 118 555 687
Property management 35 55 29 118 20 50 36 106
Business services 15 25 184 224 14 14 227 255
Transport and other services 12 16 21 49 8 7 22 37
Public administration 0 - - 0 0 - 0 0
Other sectors 0 0 0 0 0 0 - 0
Wage earners 8 61 29 99 7 53 34 95
Total provision for losses on loans 166 418 497 1,081 107 367 936 1,410
loan loss allowance on loans at FVOCI 40     40 31     31
Total loan loss allowance 206 418 497 1,121 138 367 936 1,442
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