Note 7 - Losses
| Parent Bank (NOKm) | 1 Jan 24 | Change in provision | Net write-offs /recoveries | 31 Mar 24 |
| Loans as amortised cost- CM | 671 | 6 | -1 | 677 |
| Loans as amortised cost- RM | 43 | 5 | - | 48 |
| Loans at fair value over OCI- RM | 137 | 5 | - | 142 |
| Loans at fair value over OCI- CM | 13 | 4 | - | 17 |
| Provision for expected credit losses on loans and guarantees | 864 | 21 | -1 | 884 |
| Presented as | ||||
| Provision for loan losses | 776 | 18 | -1 | 793 |
| Other debt- provisons | 53 | 3 | - | 55 |
| Other comprehensive income - fair value adjustment | 36 | 0 | - | 36 |
| Parent Bank (NOKm) | 1 Jan 23 | Change in provision | Net write-offs /recoveries | 31 Mar 23 |
| Loans as amortised cost- CM | 921 | -93 | - | 828 |
| Loans as amortised cost- RM | 35 | 7 | -3 | 39 |
| Loans at fair value over OCI- RM | 147 | -1 | - | 146 |
| Loans at fair value over OCI- CM | 2 | 0 | - | 2 |
| Provision for expected credit losses on loans and guarantees | 1,106 | -87 | -3 | 1,015 |
| Presented as | ||||
| Provision for loan losses | 999 | -109 | -3 | 887 |
| Other debt- provisons | 67 | 17 | - | 83 |
| Other comprehensive income - fair value adjustment | 40 | 5 | - | 45 |
| 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 | 31 Mar 24 |
| Loans as amortised cost- CM | 777 | 7 | -1 | 783 |
| Loans as amortised cost- RM | 68 | 0 | - | 69 |
| Loans at fair value over OCI- RM | 137 | 5 | - | 142 |
| Loans at fair value over OCI- CM | 13 | 4 | - | 17 |
| Provision for expected credit losses on loans and guarantees | 995 | 16 | -1 | 1,011 |
| Presented as | ||||
| Provision for loan losses | 907 | 13 | -1 | 919 |
| Other debt- provisons | 53 | 3 | - | 55 |
| Other comprehensive income - fair value adjustment | 36 | 0 | - | 36 |
| Group (NOKm) | 1 Jan 23 | Change in provision | Net write-offs /recoveries | 31 Mar 23 |
| Loans as amortised cost- CM | 976 | -91 | - | 885 |
| Loans as amortised cost- RM | 63 | 9 | -3 | 69 |
| Loans at fair value over OCI- RM | 147 | -1 | - | 146 |
| Loans at fair value over OCI- CM | 2 | 0 | - | 2 |
| Provision for expected credit losses on loans and guarantees | 1,188 | -83 | -3 | 1,101 |
| Presented as | ||||
| Provision for loan losses | 1,081 | -105 | -3 | 973 |
| Other debt- provisons | 67 | 17 | - | 83 |
| Other comprehensive income - fair value adjustment | 40 | 5 | - | 45 |
| 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 | ||||||||||||
| 31 Mar 2024 | 31 Mar 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 | 14 | -14 | -0 | - | 20 | -20 | -0 | - | 18 | -18 | -0 | - |
| Transfer to (from) stage 2 | -2 | 3 | -0 | - | -3 | 3 | -0 | - | -3 | 3 | -0 | - |
| Transfer to (from) stage 3 | -0 | -5 | 5 | - | -0 | -5 | 5 | - | -0 | -8 | 9 | - |
| Net remeasurement of loss allowances | -13 | 21 | 9 | 18 | -21 | 18 | 5 | 2 | -26 | 19 | -5 | -12 |
| Originations or purchases | 4 | 3 | 0 | 8 | 8 | 2 | 1 | 11 | 15 | 20 | 3 | 37 |
| Derecognitions | -3 | -10 | -2 | -15 | -6 | -9 | -3 | -18 | -14 | -31 | -4 | -49 |
| Changes due to changed input assumptions | 1 | -2 | -0 | -2 | 6 | 7 | -4 | 9 | 3 | 16 | 8 | 27 |
| Actual loan losses | 0 | 0 | - | - | - | - | -3 | -3 | 0 | 0 | -5 | -5 |
| Closing balance | 39 | 91 | 58 | 188 | 51 | 89 | 43 | 182 | 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 | 10 | -10 | -0 | - | 28 | -27 | -0 | - | 59 | -59 | -0 | - |
| Transfer to (from) stage 2 | -4 | 4 | -0 | - | -4 | 14 | -10 | - | -14 | 24 | -10 | - |
| Transfer to (from) stage 3 | -6 | -1 | 8 | - | -1 | -2 | 3 | - | -1 | -5 | 6 | - |
| Net remeasurement of loss allowances | -13 | 28 | 11 | 26 | -31 | -56 | -20 | -107 | -58 | 11 | 9 | -38 |
| Originations or purchases | 21 | 10 | 3 | 34 | 18 | 1 | - | 19 | 90 | 35 | 37 | 163 |
| Derecognitions | -13 | -56 | -12 | -82 | -13 | -15 | -3 | -32 | -52 | -68 | -15 | -136 |
| Changes due to changed input assumptions | 6 | 25 | 0 | 31 | 7 | 5 | 0 | 12 | -2 | 31 | -62 | -33 |
| Actual loan losses | - | - | -1 | -1 | - | - | - | - | - | - | -181 | -181 |
| Closing balance | 160 | 267 | 214 | 641 | 141 | 218 | 391 | 750 | 160 | 267 | 205 | 633 |
| Total accrual for loan losses | 198 | 359 | 271 | 829 | 192 | 306 | 434 | 932 | 198 | 363 | 251 | 812 |
| 31 Mar 2024 | 31 Mar 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 | 18 | -18 | -0 | - | 21 | -21 | -0 | - | 21 | -20 | -1 | - |
| Transfer to (from) stage 2 | -3 | 3 | -0 | - | -3 | 3 | -0 | - | -4 | 5 | -1 | - |
| Transfer to (from) stage 3 | -0 | -6 | 6 | - | -0 | -6 | 6 | - | -1 | -10 | 11 | - |
| Net remeasurement of loss allowances | -16 | 25 | 8 | 18 | -21 | 21 | 6 | 7 | -28 | 25 | -6 | -9 |
| Originations or purchases | 5 | 4 | 0 | 10 | 10 | 2 | 1 | 13 | 19 | 25 | 3 | 47 |
| Derecognitions | -4 | -11 | -2 | -17 | -6 | -10 | -3 | -19 | -17 | -34 | -7 | -58 |
| Changes due to changed input assumptions | -1 | -5 | -0 | -6 | 5 | 5 | -4 | 6 | -0 | 14 | 7 | 21 |
| Actual loan losses | - | - | - | - | - | - | -3 | -3 | - | - | -5 | -5 |
| Closing balance | 46 | 103 | 59 | 208 | 60 | 103 | 49 | 212 | 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 | 11 | -11 | -0 | - | 29 | -28 | -0 | - | 63 | -63 | -0 | - |
| Transfer to (from) stage 2 | -5 | 6 | -0 | - | -5 | 15 | -10 | - | -18 | 28 | -10 | - |
| Transfer to (from) stage 3 | -6 | -3 | 9 | - | -1 | -3 | 4 | - | -1 | -6 | 7 | - |
| Net remeasurement of loss allowances | -13 | 31 | 11 | 29 | -29 | -53 | -19 | -101 | -59 | 22 | 60 | 23 |
| Originations or purchases | 22 | 12 | 4 | 38 | 20 | 2 | 1 | 22 | 96 | 46 | 38 | 181 |
| Derecognitions | -14 | -57 | -13 | -84 | -14 | -16 | -3 | -33 | -54 | -70 | -16 | -140 |
| Changes due to changed input assumptions | 5 | 22 | -1 | 26 | 7 | 4 | -6 | 5 | -5 | 29 | -75 | -51 |
| Actual loan losses | - | - | -1 | -1 | - | - | - | - | - | - | -186 | -186 |
| Closing balance | 172 | 298 | 277 | 747 | 158 | 231 | 417 | 806 | 172 | 299 | 268 | 739 |
| Total accrual for loan losses | 218 | 401 | 336 | 955 | 219 | 334 | 465 | 1,018 | 218 | 410 | 314 | 943 |
| Accrual for losses on guarantees and unused credit lines | ||||||||||||
| 31 Mar 2024 | 31 Mar 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 | 3 | -3 | -0 | - | 1 | -1 | -0 | - | 6 | -6 | -0 | - |
| Transfer to (from) stage 2 | -0 | 0 | -0 | - | -0 | 0 | -0 | - | -2 | 2 | -0 | - |
| Transfer to (from) stage 3 | -0 | -0 | 1 | - | -0 | -0 | 0 | - | -0 | -1 | 1 | - |
| Net remeasurement of loss allowances | -4 | -0 | 0 | -4 | -4 | 11 | 4 | 12 | -13 | -4 | 2 | -15 |
| Originations or purchases | 2 | 0 | 5 | 7 | 10 | 1 | 0 | 11 | 9 | 4 | 0 | 13 |
| Derecognitions | -1 | -1 | -0 | -3 | -1 | -3 | -0 | -4 | -6 | -8 | -1 | -15 |
| Changes due to changed input assumptions | 1 | 2 | -0 | 2 | 2 | -4 | -0 | -2 | 0 | 5 | -3 | 2 |
| Actual loan losses | - | - | - | - | - | - | - | - | - | - | - | - |
| Closing balance | 17 | 25 | 13 | 55 | 31 | 39 | 13 | 83 | 18 | 27 | 8 | 53 |
| Of which | ||||||||||||
| Retail market | 3 | 3 | 1 | |||||||||
| Corporate Market | 53 | 81 | 51 | |||||||||
| Provision for credit losses specified by industry | ||||||||||||
| 31 Mar 2024 | 31 Mar 2023 | 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 | 44 | 16 | 63 | 3 | 33 | 18 | 54 | 3 | 44 | 10 | 57 |
| Fisheries and hunting | 8 | 73 | - | 81 | 13 | 8 | - | 21 | 6 | 33 | 0 | 39 |
| Sea farming industries | 6 | 1 | 18 | 25 | 2 | 1 | 1 | 4 | 5 | 0 | 0 | 5 |
| Manufacturing | 10 | 29 | 14 | 52 | 9 | 39 | 5 | 53 | 15 | 31 | 13 | 59 |
| Construction, power and water supply | 35 | 28 | 32 | 96 | 38 | 22 | 15 | 75 | 46 | 25 | 28 | 99 |
| Retail trade, hotels and restaurants | 15 | 20 | 4 | 40 | 17 | 24 | 0 | 41 | 8 | 13 | 1 | 23 |
| Maritime sector | 6 | 18 | 102 | 127 | 6 | 22 | 152 | 180 | 7 | 54 | 103 | 164 |
| Property management | 37 | 72 | 27 | 136 | 33 | 63 | 23 | 119 | 44 | 92 | 22 | 159 |
| Business services | 20 | 20 | 6 | 46 | 14 | 33 | 178 | 226 | 17 | 16 | 24 | 57 |
| Transport and other services | 21 | 8 | 6 | 36 | 10 | 12 | 17 | 39 | 10 | 6 | 13 | 29 |
| Public administration | 0 | - | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 1 | 1 | - | 1 | 0 | 0 | - | 0 | 1 | 0 | 0 | 1 |
| Wage earners | 1 | 44 | 46 | 91 | 0 | 49 | 25 | 74 | 1 | 47 | 35 | 83 |
| Total provision for losses on loans | 163 | 359 | 271 | 793 | 146 | 306 | 434 | 887 | 163 | 363 | 251 | 776 |
| loan loss allowance on loans at FVOCI | 36 | 36 | 45 | 45 | 36 | 36 | ||||||
| Total loan loss allowance | 198 | 359 | 271 | 829 | 192 | 306 | 434 | 932 | 198 | 363 | 251 | 812 |
| 31 Mar 2024 | 31 Mar 2023 | 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 | 45 | 17 | 66 | 4 | 35 | 19 | 58 | 4 | 46 | 10 | 60 |
| Fisheries and hunting | 8 | 73 | 0 | 81 | 13 | 8 | 0 | 21 | 6 | 33 | 0 | 39 |
| Sea farming industries | 7 | 1 | 18 | 26 | 4 | 1 | 1 | 6 | 6 | 0 | 0 | 6 |
| Manufacturing | 13 | 33 | 17 | 63 | 13 | 43 | 11 | 67 | 18 | 36 | 13 | 68 |
| Construction, power and water supply | 35 | 45 | 36 | 116 | 43 | 25 | 20 | 88 | 46 | 42 | 33 | 121 |
| Retail trade, hotels and restaurants | 18 | 22 | 4 | 44 | 19 | 25 | 2 | 45 | 11 | 15 | 2 | 28 |
| Maritime sector | 6 | 18 | 102 | 127 | 6 | 22 | 152 | 180 | 7 | 54 | 103 | 164 |
| Property management | 37 | 73 | 27 | 137 | 34 | 63 | 23 | 120 | 45 | 93 | 22 | 160 |
| Business services | 23 | 22 | 59 | 104 | 16 | 34 | 186 | 237 | 19 | 18 | 78 | 114 |
| Transport and other services | 23 | 13 | 9 | 46 | 13 | 17 | 21 | 51 | 12 | 11 | 16 | 39 |
| Public administration | 0 | 0 | - | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 |
| Other sectors | 1 | 1 | - | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| Wage earners | 7 | 54 | 47 | 109 | 8 | 61 | 30 | 99 | 8 | 62 | 36 | 106 |
| Total provision for losses on loans | 182 | 401 | 336 | 919 | 173 | 334 | 465 | 973 | 183 | 410 | 314 | 907 |
| loan loss allowance on loans at FVOCI | 36 | 36 | 45 | 45 | 36 | 36 | ||||||
| Total loan loss allowance | 218 | 401 | 336 | 955 | 219 | 334 | 465 | 1,018 | 218 | 410 | 314 | 943 |
