Note 8 - Losses
| Parent Bank (NOKm) | 1 Jan 23 | Merge Søre Sunnmøre | Change in provision | Net write-offs /recoveries | 31 Dec 23 |
| Loans as amortised cost- CM | 921 | 32 | -101 | -181 | 671 |
| Loans as amortised cost- RM | 35 | 11 | 2 | -5 | 43 |
| Loans at fair value over OCI- RM | 147 | - | -10 | - | 137 |
| Loans at fair value over OCI- CM | 2 | - | 11 | - | 13 |
| Provision for expected credit losses on loans and guarantees | 1,106 | 43 | -99 | -186 | 864 |
| Presented as | |||||
| Provision for loan losses | 999 | 41 | -77 | -186 | 776 |
| Other debt- provisons | 67 | 2 | -16 | - | 53 |
| Other comprehensive income - fair value adjustment | 40 | - | -5 | - | 36 |
| 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 | 31 Dec 23 |
| Loans as amortised cost- CM | 976 | 32 | -44 | -181 | 777 |
| Loans as amortised cost- RM | 63 | 11 | -1 | -5 | 68 |
| Loans at fair value over OCI- RM | 147 | - | -10 | - | 137 |
| Loans at fair value over OCI- CM | 2 | - | 11 | - | 13 |
| Provision for expected credit losses on loans and guarantees | 1,188 | 43 | -44 | -186 | 995 |
| Presented as | |||||
| Provision for loan losses | 1,081 | 41 | -23 | -186 | 907 |
| Other debt- provisons | 67 | 2 | -16 | - | 53 |
| Other comprehensive income - fair value adjustment | 40 | - | -5 | - | 36 |
| 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 | ||||||||
| 31 Dec 2023 | 31 Dec 2022 | |||||||
| Parent Bank (NOKm) | 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 |
| Transfer to (from) stage 1 | 18 | -18 | -0 | - | 18 | -18 | -0 | - |
| Transfer to (from) stage 2 | -3 | 3 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -8 | 9 | - | -0 | -6 | 6 | - |
| Net remeasurement of loss allowances | -26 | 19 | -5 | -12 | -24 | 20 | 7 | 4 |
| Originations or purchases | 15 | 20 | 3 | 37 | 17 | 24 | 4 | 45 |
| Derecognitions | -14 | -31 | -4 | -49 | -12 | -24 | -3 | -39 |
| Changes due to changed input assumptions | 3 | 16 | 8 | 27 | 9 | 13 | -2 | 20 |
| Actual loan losses | 0 | 0 | -5 | -5 | - | - | -5 | -5 |
| Closing balance | 38 | 95 | 45 | 179 | 46 | 93 | 42 | 181 |
| Corporate Market | ||||||||
| Opening balance | 138 | 298 | 421 | 858 | 84 | 268 | 871 | 1,223 |
| Transfer to (from) stage 1 | 59 | -59 | -0 | - | 75 | -74 | -1 | - |
| Transfer to (from) stage 2 | -14 | 24 | -10 | - | -5 | 97 | -92 | - |
| Transfer to (from) stage 3 | -1 | -5 | 6 | - | -1 | -3 | 4 | - |
| Net remeasurement of loss allowances | -58 | 11 | 9 | -38 | -67 | -35 | -66 | -168 |
| Originations or purchases | 90 | 35 | 37 | 163 | 49 | 34 | 4 | 87 |
| Derecognitions | -52 | -68 | -15 | -136 | -33 | -31 | -24 | -88 |
| Changes due to changed input assumptions | -2 | 31 | -62 | -33 | 37 | 41 | 4 | 83 |
| Actual loan losses | - | - | -181 | -181 | - | - | -278 | -278 |
| Closing balance | 160 | 267 | 205 | 633 | 138 | 298 | 421 | 858 |
| Total accrual for loan losses | 198 | 363 | 251 | 812 | 184 | 391 | 463 | 1,039 |
| 31 Dec 2023 | 31 Dec 2022 | |||||||
| Group (NOKm) | 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 |
| Transfer to (from) stage 1 | 21 | -20 | -1 | - | 20 | -20 | -0 | - |
| Transfer to (from) stage 2 | -4 | 5 | -1 | - | -3 | 3 | -1 | - |
| Transfer to (from) stage 3 | -1 | -10 | 11 | - | -0 | -7 | 7 | - |
| Net remeasurement of loss allowances | -28 | 25 | -6 | -9 | -24 | 25 | 8 | 9 |
| Originations or purchases | 19 | 25 | 3 | 47 | 22 | 30 | 4 | 56 |
| Derecognitions | -17 | -34 | -7 | -58 | -13 | -26 | -4 | -43 |
| Changes due to changed input assumptions | -0 | 14 | 7 | 21 | 8 | 13 | -3 | 18 |
| Actual loan losses | - | - | -5 | -5 | - | - | -5 | -5 |
| Closing balance | 46 | 111 | 46 | 204 | 55 | 107 | 47 | 209 |
| Corporate Market | ||||||||
| Opening balance | 151 | 311 | 450 | 912 | 94 | 278 | 896 | 1,268 |
| Transfer to (from) stage 1 | 63 | -63 | -0 | - | 77 | -76 | -1 | - |
| Transfer to (from) stage 2 | -18 | 28 | -10 | - | -7 | 99 | -92 | - |
| Transfer to (from) stage 3 | -1 | -6 | 7 | - | -2 | -3 | 4 | - |
| Net remeasurement of loss allowances | -59 | 22 | 60 | 23 | -68 | -30 | -47 | -145 |
| Originations or purchases | 96 | 46 | 38 | 181 | 55 | 35 | 5 | 95 |
| Derecognitions | -54 | -70 | -16 | -140 | -34 | -33 | -26 | -93 |
| Changes due to changed input assumptions | -5 | 29 | -75 | -51 | 35 | 40 | -8 | 67 |
| Actual loan losses | - | - | -186 | -186 | - | - | -280 | -280 |
| Closing balance | 172 | 299 | 268 | 739 | 151 | 311 | 450 | 912 |
| Total accrual for loan losses | 218 | 410 | 314 | 943 | 206 | 418 | 497 | 1,121 |
| Accrual for losses on guarantees and unused credit lines | ||||||||
| 31 Dec 2023 | 31 Dec 2022 | |||||||
| Parent Bank and Group (NOKm) | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total |
| Opening balance | 24 | 34 | 9 | 67 | 19 | 55 | 5 | 79 |
| Transfer to (from) stage 1 | 6 | -6 | -0 | - | 16 | -16 | -0 | - |
| Transfer to (from) stage 2 | -2 | 2 | -0 | - | -1 | 1 | -0 | - |
| Transfer to (from) stage 3 | -0 | -1 | 1 | - | -0 | -0 | 1 | - |
| Net remeasurement of loss allowances | -13 | -4 | 2 | -15 | -16 | -3 | 3 | -15 |
| Originations or purchases | 9 | 4 | 0 | 13 | 12 | 6 | 0 | 18 |
| Derecognitions | -6 | -8 | -1 | -15 | -4 | -12 | -0 | -16 |
| Changes due to changed input assumptions | 0 | 5 | -3 | 2 | -3 | 3 | 0 | 1 |
| Actual loan losses | - | - | - | - | - | - | - | - |
| Closing balance | 18 | 27 | 8 | 53 | 24 | 34 | 9 | 67 |
| Of which | ||||||||
| Retail market | 1 | 1 | ||||||
| Corporate Market | 51 | 66 | ||||||
| Provision for credit losses specified by industry | ||||||||
| 31 Dec 2023 | 31 Dec 2022 | |||||||
| Parent Bank (NOKm) | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total |
| Agriculture and forestry | 3 | 44 | 10 | 57 | 4 | 38 | 18 | 60 |
| Fisheries and hunting | 6 | 33 | - | 39 | 11 | 12 | 0 | 23 |
| Sea farming industries | 5 | 0 | 0 | 5 | 3 | 1 | 1 | 5 |
| Manufacturing | 15 | 31 | 13 | 59 | 9 | 47 | 2 | 58 |
| Construction, power and water supply | 46 | 25 | 28 | 99 | 26 | 22 | 11 | 59 |
| Retail trade, hotels and restaurants | 8 | 13 | 1 | 23 | 16 | 14 | 1 | 32 |
| Maritime sector | 7 | 54 | 103 | 164 | 19 | 117 | 184 | 320 |
| Property management | 44 | 92 | 22 | 159 | 34 | 55 | 28 | 117 |
| Business services | 17 | 16 | 24 | 57 | 13 | 24 | 177 | 214 |
| Transport and other services | 10 | 6 | 13 | 29 | 9 | 11 | 16 | 36 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 |
| Other sectors | 1 | 0 | - | 1 | 0 | 0 | - | 0 |
| Wage earners | 1 | 47 | 35 | 83 | 1 | 50 | 25 | 75 |
| Total provision for losses on loans | 163 | 363 | 251 | 776 | 144 | 391 | 463 | 999 |
| loan loss allowance on loans at FVOCI | 36 | 36 | 40 | 40 | ||||
| Total loan loss allowance | 198 | 363 | 251 | 812 | 184 | 391 | 463 | 1,039 |
| 31 Dec 2023 | 31 Dec 2022 | |||||||
| Group (NOKm) | Stage 1 | Stage 2 | Stage 3 | Total | Stage 1 | Stage 2 | Stage 3 | Total |
| Agriculture and forestry | 4 | 46 | 10 | 60 | 5 | 40 | 19 | 64 |
| Fisheries and hunting | 6 | 33 | 0 | 39 | 11 | 12 | 0 | 23 |
| Sea farming industries | 6 | 0 | 0 | 6 | 4 | 1 | 4 | 9 |
| Manufacturing | 18 | 36 | 13 | 68 | 11 | 50 | 8 | 70 |
| Construction, power and water supply | 46 | 42 | 33 | 121 | 30 | 25 | 16 | 71 |
| Retail trade, hotels and restaurants | 11 | 15 | 2 | 28 | 17 | 15 | 2 | 34 |
| Maritime sector | 7 | 54 | 103 | 164 | 19 | 117 | 184 | 320 |
| Property management | 45 | 93 | 22 | 160 | 35 | 55 | 29 | 118 |
| Business services | 19 | 18 | 78 | 114 | 15 | 25 | 184 | 224 |
| Transport and other services | 12 | 11 | 16 | 39 | 12 | 16 | 21 | 49 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 |
| Other sectors | 1 | 0 | - | 1 | 0 | 0 | 0 | 0 |
| Wage earners | 8 | 62 | 36 | 106 | 8 | 61 | 29 | 99 |
| Total provision for losses on loans | 183 | 410 | 314 | 907 | 166 | 418 | 497 | 1,081 |
| loan loss allowance on loans at FVOCI | 36 | 36 | 40 | 40 | ||||
| Total loan loss allowance | 218 | 410 | 314 | 943 | 206 | 418 | 497 | 1,121 |
