Note 8 - Losses
| Parent Bank (NOKm) | 1 Jan 23 | Merge Søre Sunnmøre | Change in provision | Net write-offs /recoveries | 30 Sep 23 |
| Loans as amortised cost- CM | 921 | 32 | -75 | -5 | 873 |
| Loans as amortised cost- RM | 35 | 11 | 4 | -5 | 45 |
| Loans at fair value over OCI- RM | 147 | - | -4 | - | 143 |
| Loans at fair value over OCI- CM | 2 | - | 18 | - | 20 |
| Provision for expected credit losses on loans and guarantees | 1,106 | 43 | -57 | -11 | 1,081 |
| Presented as | |||||
| Provision for loan losses | 999 | 41 | -47 | -11 | 982 |
| Other debt- provisons | 67 | 2 | -17 | - | 52 |
| Other comprehensive income - fair value adjustment | 40 | - | 7 | - | 48 |
| 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 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 |
| Group (NOKm) | 1 Jan 23 | Merge Søre Sunnmøre | Change in provision | Net write-offs /recoveries | 30 Sep 23 |
| Loans as amortised cost- CM | 976 | 32 | -75 | -5 | 934 |
| Loans as amortised cost- RM | 63 | 11 | 4 | -5 | 77 |
| Loans at fair value over OCI- RM | 147 | - | -4 | - | 143 |
| Loans at fair value over OCI- CM | 2 | - | 18 | - | 20 |
| Provision for expected credit losses on loans and guarantees | 1,188 | 43 | -57 | -11 | 1,174 |
| Presented as | |||||
| Provision for loan losses | 1,081 | 41 | -47 | -11 | 1,075 |
| Other debt- provisons | 67 | 2 | -17 | - | 52 |
| Other comprehensive income - fair value adjustment | 40 | - | 7 | - | 48 |
| 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 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 |
| Accrual for losses on loans | ||||||||||||
| 30 Sep 2023 | 30 Sep 2022 | 31 Dec 2022 | ||||||||||
| 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 | 46 | 93 | 42 | 181 | 39 | 82 | 36 | 156 | 39 | 82 | 36 | 156 |
| Transfer to (from) stage 1 | 19 | -19 | -0 | - | 20 | -20 | -0 | - | 18 | -18 | -0 | - |
| Transfer to (from) stage 2 | -3 | 3 | -0 | - | -2 | 2 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -7 | 7 | - | -0 | -5 | 5 | - | -0 | -6 | 6 | - |
| Net remeasurement of loss allowances | -26 | 14 | 10 | -3 | -26 | 16 | 2 | -8 | -24 | 20 | 7 | 4 |
| Originations or purchases | 12 | 15 | 2 | 29 | 13 | 11 | 2 | 26 | 17 | 24 | 4 | 45 |
| Derecognitions | -13 | -25 | -4 | -42 | -9 | -20 | -2 | -32 | -12 | -24 | -3 | -39 |
| Changes due to changed input assumptions | 8 | 21 | -1 | 28 | 4 | 12 | -0 | 16 | 9 | 13 | -2 | 20 |
| Actual loan losses | 0 | 0 | -5 | -5 | - | - | -5 | -5 | 0 | 0 | -5 | -5 |
| Closing balance | 43 | 94 | 49 | 187 | 39 | 78 | 36 | 154 | 46 | 93 | 42 | 181 |
| Corporate Market | ||||||||||||
| Opening balance | 138 | 298 | 421 | 858 | 84 | 268 | 871 | 1,223 | 84 | 268 | 871 | 1,223 |
| Transfer to (from) stage 1 | 49 | -46 | -3 | - | 34 | -33 | -1 | - | 75 | -74 | -1 | - |
| Transfer to (from) stage 2 | -12 | 20 | -7 | - | -5 | 96 | -91 | - | -5 | 97 | -92 | - |
| Transfer to (from) stage 3 | -1 | -4 | 4 | - | -1 | -2 | 4 | - | -1 | -3 | 4 | - |
| Net remeasurement of loss allowances | -26 | 22 | -6 | -9 | 21 | -9 | -2 | 10 | -67 | -35 | -66 | -168 |
| Originations or purchases | 68 | 28 | 23 | 120 | 66 | 19 | 4 | 89 | 49 | 34 | 4 | 87 |
| Derecognitions | -34 | -54 | -12 | -101 | -27 | -19 | -24 | -70 | -33 | -31 | -24 | -88 |
| Changes due to changed input assumptions | -16 | 8 | -13 | -20 | -59 | 5 | -43 | -98 | 37 | 41 | 4 | 83 |
| Actual loan losses | - | - | -5 | -5 | - | - | -260 | -260 | - | - | -278 | -278 |
| Closing balance | 166 | 273 | 403 | 842 | 112 | 326 | 456 | 894 | 138 | 298 | 421 | 858 |
| Total accrual for loan losses | 209 | 368 | 452 | 1,029 | 152 | 404 | 492 | 1,048 | 184 | 391 | 463 | 1,039 |
| 30 Sep 2023 | 30 Sep 2022 | 31 Dec 2022 | ||||||||||
| 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 | 55 | 107 | 47 | 209 | 45 | 89 | 40 | 174 | 45 | 89 | 40 | 174 |
| Transfer to (from) stage 1 | 21 | -21 | -0 | - | 22 | -22 | -0 | - | 20 | -20 | -0 | - |
| Transfer to (from) stage 2 | -4 | 5 | -1 | - | -3 | 3 | -1 | - | -3 | 3 | -1 | - |
| Transfer to (from) stage 3 | -1 | -8 | 9 | - | -0 | -5 | 5 | - | -0 | -7 | 7 | - |
| Net remeasurement of loss allowances | -27 | 19 | 13 | 5 | -26 | 20 | 3 | -2 | -24 | 25 | 8 | 9 |
| Originations or purchases | 16 | 18 | 2 | 36 | 18 | 14 | 2 | 33 | 22 | 30 | 4 | 56 |
| Derecognitions | -14 | -28 | -7 | -50 | -11 | -21 | -4 | -35 | -13 | -26 | -4 | -43 |
| Changes due to changed input assumptions | 7 | 19 | -2 | 24 | 4 | 11 | -1 | 14 | 8 | 13 | -3 | 18 |
| Actual loan losses | - | - | -5 | -5 | - | - | -5 | -5 | - | - | -5 | -5 |
| Closing balance | 53 | 110 | 55 | 218 | 49 | 89 | 41 | 179 | 55 | 107 | 47 | 209 |
| Corporate Market | ||||||||||||
| Opening balance | 151 | 311 | 450 | 912 | 94 | 278 | 896 | 1,268 | 94 | 278 | 896 | 1,268 |
| Transfer to (from) stage 1 | 54 | -50 | -3 | - | 37 | -35 | -1 | - | 77 | -76 | -1 | - |
| Transfer to (from) stage 2 | -14 | 21 | -7 | - | -6 | 98 | -91 | 0 | -7 | 99 | -92 | - |
| Transfer to (from) stage 3 | -1 | -4 | 5 | - | -1 | -2 | 4 | - | -2 | -3 | 4 | - |
| Net remeasurement of loss allowances | -26 | 30 | -4 | -0 | 21 | -5 | 9 | 25 | -68 | -30 | -47 | -145 |
| Originations or purchases | 78 | 32 | 25 | 134 | 71 | 20 | 4 | 95 | 55 | 35 | 5 | 95 |
| Derecognitions | -36 | -55 | -13 | -104 | -28 | -20 | -26 | -74 | -34 | -33 | -26 | -93 |
| Changes due to changed input assumptions | -19 | 7 | -22 | -34 | -61 | 4 | -54 | -112 | 35 | 40 | -8 | 67 |
| Actual loan losses | - | - | -5 | -5 | - | - | -261 | -261 | - | - | -280 | -280 |
| Closing balance | 187 | 291 | 426 | 904 | 125 | 337 | 478 | 941 | 151 | 311 | 450 | 912 |
| Total accrual for loan losses | 241 | 401 | 481 | 1,122 | 174 | 426 | 519 | 1,119 | 206 | 418 | 497 | 1,121 |
| Accrual for losses on guarantees and unused credit lines | ||||||||||||
| 30 Sep 2023 | 30 Sep 2022 | 31 Dec 2022 | ||||||||||
| 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 | 24 | 34 | 9 | 67 | 19 | 55 | 5 | 79 | 19 | 55 | 5 | 79 |
| Transfer to (from) stage 1 | 6 | -6 | -0 | - | 3 | -3 | -0 | - | 16 | -16 | -0 | - |
| Transfer to (from) stage 2 | -2 | 2 | -0 | - | -1 | 1 | -0 | - | -1 | 1 | -0 | - |
| Transfer to (from) stage 3 | -0 | -1 | 1 | - | -0 | -0 | 0 | - | -0 | -0 | 1 | - |
| Net remeasurement of loss allowances | -1 | -3 | -5 | -9 | -11 | -1 | 5 | -7 | -16 | -3 | 3 | -15 |
| Originations or purchases | 2 | 1 | - | 2 | 10 | 6 | 0 | 16 | 12 | 6 | 0 | 18 |
| Derecognitions | -5 | -7 | -0 | -13 | -2 | -6 | -0 | -9 | -4 | -12 | -0 | -16 |
| Changes due to changed input assumptions | -2 | 3 | 3 | 4 | -1 | 0 | 0 | 0 | -3 | 3 | 0 | 1 |
| Actual loan losses | - | - | - | - | - | - | - | - | - | - | - | - |
| Closing balance | 21 | 24 | 7 | 52 | 18 | 51 | 10 | 79 | 24 | 34 | 9 | 67 |
| Of which | ||||||||||||
| Retail market | 1 | 2 | 1 | |||||||||
| Corporate Market | 50 | 77 | 66 | |||||||||
| Provision for credit losses specified by industry | ||||||||||||
| 30 Sep 2023 | 30 Sep 2022 | 31 Dec 2022 | ||||||||||
| 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 | 38 | 15 | 57 | 3 | 32 | 12 | 47 | 4 | 38 | 18 | 60 |
| Fisheries and hunting | 11 | 26 | - | 37 | 10 | 11 | 0 | 21 | 11 | 12 | 0 | 23 |
| Sea farming industries | 7 | 1 | 0 | 8 | 2 | 1 | 1 | 4 | 3 | 1 | 1 | 5 |
| Manufacturing | 16 | 30 | 4 | 49 | 5 | 42 | 4 | 50 | 9 | 47 | 2 | 58 |
| Construction, power and water supply | 44 | 40 | 16 | 100 | 20 | 23 | 9 | 52 | 26 | 22 | 11 | 59 |
| Retail trade, hotels and restaurants | 8 | 13 | 4 | 25 | 9 | 28 | 2 | 39 | 16 | 14 | 1 | 32 |
| Maritime sector | 8 | 46 | 150 | 204 | 18 | 144 | 200 | 362 | 19 | 117 | 184 | 320 |
| Property management | 40 | 95 | 21 | 155 | 27 | 47 | 28 | 102 | 34 | 55 | 28 | 117 |
| Business services | 15 | 19 | 194 | 227 | 14 | 23 | 198 | 235 | 13 | 24 | 177 | 214 |
| Transport and other services | 9 | 8 | 15 | 32 | 8 | 11 | 16 | 35 | 9 | 11 | 16 | 36 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 0 | - | 1 | 1 | 0 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 1 | 52 | 33 | 86 | 1 | 42 | 24 | 67 | 1 | 50 | 25 | 75 |
| Total provision for losses on loans | 162 | 368 | 452 | 982 | 117 | 404 | 492 | 1,014 | 144 | 391 | 463 | 999 |
| loan loss allowance on loans at FVOCI | 48 | 48 | 34 | 34 | 40 | 40 | ||||||
| Total loan loss allowance | 209 | 368 | 452 | 1,029 | 152 | 404 | 492 | 1,048 | 184 | 391 | 463 | 1,039 |
| 30 Sep 2023 | 30 Sep 2022 | 31 Dec 2022 | ||||||||||
| 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 | 41 | 17 | 62 | 4 | 34 | 13 | 51 | 5 | 40 | 19 | 64 |
| Fisheries and hunting | 12 | 26 | 0 | 38 | 10 | 11 | 0 | 21 | 11 | 12 | 0 | 23 |
| Sea farming industries | 8 | 1 | 0 | 9 | 3 | 1 | 4 | 8 | 4 | 1 | 4 | 9 |
| Manufacturing | 19 | 34 | 4 | 57 | 9 | 45 | 6 | 59 | 11 | 50 | 8 | 70 |
| Construction, power and water supply | 49 | 44 | 25 | 118 | 24 | 26 | 12 | 62 | 30 | 25 | 16 | 71 |
| Retail trade, hotels and restaurants | 12 | 16 | 5 | 33 | 10 | 29 | 5 | 44 | 17 | 15 | 2 | 34 |
| Maritime sector | 8 | 46 | 150 | 204 | 18 | 144 | 200 | 362 | 19 | 117 | 184 | 320 |
| Property management | 40 | 95 | 21 | 157 | 28 | 48 | 28 | 103 | 35 | 55 | 29 | 118 |
| Business services | 19 | 21 | 201 | 241 | 16 | 24 | 202 | 242 | 15 | 25 | 184 | 224 |
| Transport and other services | 12 | 12 | 20 | 43 | 11 | 14 | 21 | 46 | 12 | 16 | 21 | 49 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 0 | 0 | 1 | 1 | 0 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 9 | 65 | 38 | 112 | 8 | 52 | 28 | 88 | 8 | 61 | 29 | 99 |
| Total provision for losses on loans | 193 | 401 | 481 | 1,075 | 140 | 426 | 519 | 1,085 | 166 | 418 | 497 | 1,081 |
| loan loss allowance on loans at FVOCI | 48 | 48 | 34 | 34 | 40 | 40 | ||||||
| Total loan loss allowance | 241 | 401 | 481 | 1,122 | 174 | 426 | 519 | 1,119 | 206 | 418 | 497 | 1,121 |
