Note 7 - Losses
| Parent Bank (NOKm) | 1 Jan 24 | Change in provision | Net write-offs /recoveries | Currency/Other movements | 30 Sep 24 |
| Loans as amortised cost- CM | 671 | 61 | -47 | - | 685 |
| Loans as amortised cost- RM | 43 | 21 | -0 | - | 64 |
| Loans at fair value over OCI- RM | 137 | 15 | - | - | 152 |
| Loans at fair value over OCI- CM | 13 | 6 | - | - | 19 |
| Provision for expected credit losses on loans and guarantees | 864 | 103 | -47 | - | 920 |
| Presented as | |||||
| Provision for loan losses | 776 | 80 | -47 | - | 809 |
| Other debt- provisons | 53 | 27 | - | - | 79 |
| Other comprehensive income - fair value adjustment | 36 | -4 | - | - | 32 |
| 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 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 |
| Group (NOKm) | 1 Jan 24 | Change in provision | Net write-offs /recoveries | Currency/Other movements | 30 Sep 24 |
| Loans as amortised cost- CM | 777 | 69 | -49 | - | 797 |
| Loans as amortised cost- RM | 68 | 17 | -0 | - | 85 |
| Loans at fair value over OCI- RM | 137 | 15 | - | - | 152 |
| Loans at fair value over OCI- CM | 13 | 6 | - | - | 19 |
| Provision for expected credit losses on loans and guarantees | 995 | 108 | -49 | - | 1,054 |
| Presented as | |||||
| Provision for loan losses | 907 | 85 | -49 | - | 943 |
| Other debt- provisons | 53 | 27 | - | - | 79 |
| Other comprehensive income - fair value adjustment | 36 | -4 | - | - | 32 |
| 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 | -68 | -5 | 934 |
| Loans as amortised cost- RM | 63 | 11 | 8 | -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 | -46 | -11 | 1,174 |
| Presented as | |||||
| Provision for loan losses | 1,081 | 41 | -36 | -11 | 1,075 |
| Other debt- provisons | 67 | 2 | -17 | - | 52 |
| Other comprehensive income - fair value adjustment | 40 | - | 7 | - | 48 |
| 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 | -186 | 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 | -192 | 995 |
| Presented as | |||||
| Provision for loan losses | 1,081 | 41 | -23 | -192 | 907 |
| Other debt- provisons | 67 | 2 | -16 | - | 53 |
| Other comprehensive income - fair value adjustment | 40 | - | -5 | - | 36 |
| Accrual for losses on loans | ||||||||||||
| 30 Sep 2024 | 30 Sep 2023 | 31 Dec 2023 | ||||||||||
| 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 | 38 | 95 | 45 | 179 | 46 | 93 | 42 | 181 | 46 | 93 | 42 | 181 |
| Transfer to (from) stage 1 | 16 | -16 | -0 | - | 19 | -19 | -0 | - | 18 | -18 | -0 | - |
| Transfer to (from) stage 2 | -4 | 5 | -1 | - | -3 | 3 | -0 | - | -3 | 3 | -0 | - |
| Transfer to (from) stage 3 | -1 | -8 | 10 | - | -0 | -7 | 7 | - | -0 | -8 | 9 | - |
| Net remeasurement of loss allowances | -17 | 44 | 23 | 50 | -26 | 14 | 10 | -3 | -26 | 19 | -5 | -12 |
| Originations or purchases | 12 | 18 | 1 | 31 | 12 | 15 | 2 | 29 | 15 | 20 | 3 | 37 |
| Derecognitions | -10 | -20 | -4 | -33 | -13 | -25 | -4 | -42 | -14 | -31 | -4 | -49 |
| Changes due to changed input assumptions | -0 | -10 | -0 | -11 | 8 | 21 | -1 | 28 | 3 | 16 | 8 | 27 |
| Actual loan losses | 0 | 0 | -0 | -0 | - | - | -5 | -5 | 0 | 0 | -5 | -5 |
| Closing balance | 34 | 107 | 74 | 216 | 43 | 94 | 49 | 187 | 38 | 95 | 45 | 179 |
| Corporate Market | ||||||||||||
| Opening balance | 160 | 267 | 205 | 633 | 138 | 298 | 421 | 858 | 138 | 298 | 421 | 858 |
| Transfer to (from) stage 1 | 56 | -56 | -0 | - | 49 | -46 | -3 | - | 59 | -59 | -0 | - |
| Transfer to (from) stage 2 | -9 | 11 | -2 | - | -12 | 20 | -7 | - | -14 | 24 | -10 | - |
| Transfer to (from) stage 3 | -7 | -19 | 25 | - | -1 | -4 | 4 | - | -1 | -5 | 6 | - |
| Net remeasurement of loss allowances | -41 | 95 | 39 | 93 | -26 | 22 | -6 | -9 | -58 | 11 | 9 | -38 |
| Originations or purchases | 65 | 49 | 4 | 117 | 68 | 28 | 23 | 120 | 90 | 35 | 37 | 163 |
| Derecognitions | -49 | -85 | -14 | -148 | -34 | -54 | -12 | -101 | -52 | -68 | -15 | -136 |
| Changes due to changed input assumptions | -20 | -2 | -2 | -24 | -16 | 8 | -13 | -20 | -2 | 31 | -62 | -33 |
| Actual loan losses | - | - | -47 | -47 | - | - | -5 | -5 | - | - | -181 | -181 |
| Closing balance | 155 | 261 | 209 | 626 | 166 | 273 | 403 | 842 | 160 | 267 | 205 | 633 |
| Total accrual for loan losses | 189 | 368 | 284 | 841 | 209 | 368 | 452 | 1,029 | 198 | 363 | 251 | 812 |
| 30 Sep 2024 | 30 Sep 2023 | 31 Dec 2023 | ||||||||||
| 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 | 46 | 111 | 46 | 204 | 55 | 107 | 47 | 209 | 55 | 107 | 47 | 209 |
| Transfer to (from) stage 1 | 19 | -19 | -0 | - | 21 | -21 | -0 | - | 21 | -20 | -1 | - |
| Transfer to (from) stage 2 | -5 | 6 | -1 | - | -4 | 5 | -1 | - | -4 | 5 | -1 | - |
| Transfer to (from) stage 3 | -1 | -10 | 11 | - | -1 | -8 | 9 | - | -1 | -10 | 11 | - |
| Net remeasurement of loss allowances | -19 | 49 | 22 | 52 | -27 | 19 | 13 | 5 | -28 | 25 | -6 | -9 |
| Originations or purchases | 15 | 20 | 1 | 36 | 16 | 18 | 2 | 36 | 19 | 25 | 3 | 47 |
| Derecognitions | -11 | -23 | -4 | -38 | -14 | -28 | -7 | -50 | -17 | -34 | -7 | -58 |
| Changes due to changed input assumptions | -2 | -14 | -0 | -17 | 7 | 19 | -2 | 24 | -0 | 14 | 7 | 21 |
| Actual loan losses | - | - | -0 | -0 | - | - | -5 | -5 | - | - | -5 | -5 |
| Closing balance | 41 | 121 | 75 | 237 | 53 | 110 | 55 | 218 | 46 | 111 | 46 | 204 |
| Corporate Market | ||||||||||||
| Opening balance | 172 | 299 | 268 | 739 | 151 | 311 | 450 | 912 | 151 | 311 | 450 | 912 |
| Transfer to (from) stage 1 | 60 | -60 | -0 | - | 54 | -50 | -3 | - | 63 | -63 | -0 | - |
| Transfer to (from) stage 2 | -11 | 13 | -3 | - | -14 | 21 | -7 | - | -18 | 28 | -10 | - |
| Transfer to (from) stage 3 | -7 | -20 | 27 | - | -1 | -4 | 5 | - | -1 | -6 | 7 | - |
| Net remeasurement of loss allowances | -43 | 104 | 45 | 105 | -26 | 30 | -12 | -9 | -59 | 22 | 60 | 23 |
| Originations or purchases | 69 | 62 | 4 | 135 | 78 | 32 | 25 | 134 | 96 | 46 | 38 | 181 |
| Derecognitions | -51 | -88 | -14 | -153 | -36 | -55 | -13 | -104 | -54 | -70 | -16 | -140 |
| Changes due to changed input assumptions | -23 | -11 | -5 | -39 | -19 | 7 | -14 | -25 | -5 | 29 | -75 | -51 |
| Actual loan losses | - | - | -49 | -49 | - | - | -5 | -5 | - | - | -186 | -186 |
| Closing balance | 166 | 298 | 273 | 738 | 187 | 291 | 426 | 904 | 172 | 299 | 268 | 739 |
| Total accrual for loan losses | 207 | 419 | 349 | 975 | 241 | 401 | 481 | 1,122 | 218 | 410 | 314 | 943 |
| Accrual for losses on guarantees and unused credit lines | ||||||||||||
| 30 Sep 2024 | 30 Sep 2023 | 31 Dec 2023 | ||||||||||
| 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 | 18 | 27 | 8 | 53 | 24 | 34 | 9 | 67 | 24 | 34 | 9 | 67 |
| Transfer to (from) stage 1 | 12 | -12 | -0 | - | 6 | -6 | -0 | - | 6 | -6 | -0 | - |
| Transfer to (from) stage 2 | -1 | 1 | -0 | - | -2 | 2 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -0 | 1 | - | -0 | -1 | 1 | - | -0 | -1 | 1 | - |
| Net remeasurement of loss allowances | -12 | 5 | 32 | 25 | -1 | -3 | -5 | -9 | -13 | -4 | 2 | -15 |
| Originations or purchases | 8 | 4 | 0 | 12 | 2 | 1 | - | 2 | 9 | 4 | 0 | 13 |
| Derecognitions | -6 | -3 | -1 | -9 | -5 | -7 | -0 | -13 | -6 | -8 | -1 | -15 |
| Changes due to changed input assumptions | -1 | -0 | -0 | -1 | -2 | 3 | 3 | 4 | 0 | 5 | -3 | 2 |
| Actual loan losses | - | - | - | - | - | - | - | - | - | - | - | - |
| Closing balance | 18 | 21 | 40 | 79 | 21 | 24 | 7 | 52 | 18 | 27 | 8 | 53 |
| Of which | ||||||||||||
| Retail market | 1 | 1 | 1 | |||||||||
| Corporate Market | 79 | 50 | 51 | |||||||||
| Provision for credit losses specified by industry | ||||||||||||
| 30 Sep 2024 | 30 Sep 2023 | 31 Dec 2023 | ||||||||||
| 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 | 49 | 28 | 79 | 3 | 38 | 15 | 57 | 3 | 44 | 10 | 57 |
| Fisheries and hunting | 9 | 62 | 18 | 89 | 11 | 26 | - | 37 | 6 | 33 | 0 | 39 |
| Sea farming industries | 4 | 0 | 1 | 5 | 7 | 1 | 0 | 8 | 5 | 0 | 0 | 5 |
| Manufacturing | 13 | 32 | 22 | 66 | 16 | 30 | 4 | 49 | 15 | 31 | 13 | 59 |
| Construction, power and water supply | 26 | 33 | 39 | 99 | 44 | 40 | 16 | 100 | 46 | 25 | 28 | 99 |
| Retail trade, hotels and restaurants | 13 | 30 | 6 | 48 | 8 | 13 | 4 | 25 | 8 | 13 | 1 | 23 |
| Maritime sector | 5 | 3 | 74 | 83 | 8 | 46 | 150 | 204 | 7 | 54 | 103 | 164 |
| Property management | 47 | 69 | 30 | 146 | 40 | 95 | 21 | 155 | 44 | 92 | 22 | 159 |
| Business services | 20 | 22 | 7 | 49 | 15 | 19 | 194 | 227 | 17 | 16 | 24 | 57 |
| Transport and other services | 17 | 15 | 8 | 40 | 9 | 8 | 15 | 32 | 10 | 6 | 13 | 29 |
| Public administration | 0 | 0 | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 1 | 0 | 1 | 0 | 0 | - | 1 | 1 | 0 | 0 | 1 |
| Wage earners | 1 | 53 | 50 | 103 | 1 | 52 | 33 | 86 | 1 | 47 | 35 | 83 |
| Total provision for losses on loans | 157 | 368 | 284 | 809 | 162 | 368 | 452 | 982 | 163 | 363 | 251 | 776 |
| loan loss allowance on loans at FVOCI | 32 | 32 | 48 | 48 | 36 | 36 | ||||||
| Total loan loss allowance | 189 | 368 | 284 | 841 | 209 | 368 | 452 | 1,029 | 198 | 363 | 251 | 812 |
| 30 Sep 2024 | 30 Sep 2023 | 31 Dec 2023 | ||||||||||
| 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 | 3 | 51 | 28 | 83 | 4 | 41 | 17 | 62 | 4 | 46 | 10 | 60 |
| Fisheries and hunting | 9 | 62 | 18 | 89 | 12 | 26 | 0 | 38 | 6 | 33 | 0 | 39 |
| Sea farming industries | 5 | 0 | 1 | 6 | 8 | 1 | 0 | 9 | 6 | 0 | 0 | 6 |
| Manufacturing | 15 | 36 | 28 | 80 | 19 | 34 | 4 | 57 | 18 | 36 | 13 | 68 |
| Construction, power and water supply | 27 | 53 | 42 | 122 | 49 | 44 | 25 | 118 | 46 | 42 | 33 | 121 |
| Retail trade, hotels and restaurants | 15 | 32 | 6 | 53 | 12 | 16 | 5 | 33 | 11 | 15 | 2 | 28 |
| Maritime sector | 5 | 3 | 74 | 83 | 8 | 46 | 150 | 204 | 7 | 54 | 103 | 164 |
| Property management | 48 | 69 | 30 | 147 | 40 | 95 | 21 | 157 | 45 | 93 | 22 | 160 |
| Business services | 22 | 25 | 60 | 107 | 19 | 21 | 201 | 241 | 19 | 18 | 78 | 114 |
| Transport and other services | 20 | 21 | 9 | 50 | 12 | 12 | 20 | 43 | 12 | 11 | 16 | 39 |
| Public administration | 0 | 0 | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 |
| Wage earners | 7 | 64 | 51 | 122 | 9 | 65 | 38 | 112 | 8 | 62 | 36 | 106 |
| Total provision for losses on loans | 176 | 419 | 349 | 943 | 193 | 401 | 481 | 1,075 | 183 | 410 | 314 | 907 |
| loan loss allowance on loans at FVOCI | 32 | 32 | 48 | 48 | 36 | 36 | ||||||
| Total loan loss allowance | 207 | 419 | 349 | 975 | 241 | 401 | 481 | 1,122 | 218 | 410 | 314 | 943 |
