Note 18 - Credit quality per class of financial assets

The Bank handles the credit quality of financial assets by means of its internal guidlines for credit ratings. See section entitled credit risk under Note 3 Risk factors.

The table below shows credit quality per class of assets for loan-related assets in the balance sheet, based on the Bank's own credit rating system The entire loan exposure is included when parts of the exposure are defaulted.  Non-performance is defined in the note as default of payment of NOK 1,000 or more for more than 90 days.

Historical data are restated in accordance with new calculations of estimated defaults. See note 3, Risk factors, and the section on probability of default.

Parent bank                
2011 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12   5,033   -    -    -    -  -  5,033
                 
Loans to and claims on customers 13              
Retail market     22,676   5,572   2,252 461 496 173 31,629
Corporate market     9,714   11,254   15,244   1,443   1,228 282 39,164
Total     32,390   16,826   17,496   1,903   1,723 455 70,793
                 
Financial investments 19              
Quoted government bonds     2,896   -    -    -    -  -  2,896
Quoted other bonds     6,302 467   39   -    -  -  6,808
Unquoted bonds     1,787 904   523   -    -  -  3,214
Total     10,985   1,371   562   -    -  -  12,918
                 
Total     48,408   18,197   18,058   1,903   1,723 455 88,744
                 
                 
2010 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12   2,894   -    -    -    -  -  2,894
                 
Loans to and claims on customers 13              
Retail market     20,678   6,591   2,497 530 600 160 31,056
Corporate market     8,428   9,319   14,885   1,556   1,773 426 36,387
Total     29,106   15,910   17,381   2,086   2,373 586 67,443
                 
Financial investments 19              
Quoted government bonds     5,044   -    -    -    -  -  5,044
Quoted other bonds     5,461   1,208   81   -    -  -  6,751
Unquoted bonds     2,880   1,778   583   -    -  -  5,241
Total     13,385   2,986   665   -    -  -  17,036
                 
Total     45,386   18,494   18,447   2,086   2,373 586 87,372
                 
                 
2009 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12   2,477   -    -    -    -  -  2,477
                 
Loans to and claims on customers 13              
Retail market   18,430 6,090 2,867 707 632 190 28,916
Corporate market     6,619   9,707   9,626   2,917   1,022 497 30,388
Total     25,049   15,796   12,493   3,624   1,655 687 59,304
                 
Financial investments 19              
Quoted government bonds     4,408   -    -    -    -  -  4,408
Quoted other bonds     4,598 994   179   -    -  -  5,771
Unquoted bonds     2,147 242   2,183   -    -  -  4,572
Total     11,153   1,236   2,362   -    -  -  14,751
                 
Total     38,679   17,032   14,854   3,624   1,655 687 76,532
                 
                 
Group                
2011 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12   2,557   -    -    -    -  -  2,557
                 
Loans to and claims on customers 13              
Retail market     22,739   5,816   2,670 610 620 194 32,650
Corporate market     9,831   11,707   15,400   1,719   1,458 340 40,456
Total     32,571   17,524   18,069   2,329   2,078 534 73,105
                 
Financial investments 19              
Quoted government bonds     2,896   -    -    -    -  -  2,896
Quoted other bonds     6,302 467   39   -    -  -  6,808
Unquoted bonds     1,787 904   523   -    -  -  3,214
Total     10,985   1,371   562   -    -  -  12,918
                 
Total     46,113   18,895   18,631   2,329   2,078 534 88,580
                 
                 
2010 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12 420   -    -    -    -  -    420
                 
Loans to and claims on customers 13              
Retail market     20,742   6,435   2,893 605 680 178 31,533
Corporate market     8,670   8,996   16,135   1,872   2,130 511 38,314
Total     29,412   15,431   19,028   2,477   2,810 689 69,847
                 
Financial investments 19              
Quoted government bonds     5,044   -    -    -    -  -  5,044
Quoted other bonds     5,461   1,208   81   -    -  -  6,751
Unquoted bonds     2,880   1,778   527   -    -  -  5,185
Total     13,385   2,986   609   -    -  -  16,980
                 
Total     43,217   18,417   19,636   2,477   2,810 689 87,247
                 
             
2009 (NOK million)    Neither defaulted nor written down  Defaulted or written down *  
  Notes Lowest risk Low risk Medium risk High risk Highest risk  Total 
Loans to and claims on credit institutions 12 153   -    -    -    -  -    153
                 
Loans to and claims on customers 13              
Retail market     18,868   6,174   2,928 721 660 227 29,579
Corporate market     7,690   10,348   9,504   3,002   1,096 564 32,203
Total     26,558   16,523   12,432   3,722   1,756 791 61,782
                 
Financial investments 19              
Quoted government bonds     4,408   -    -    -    -  -  4,408
Quoted other bonds     4,598 994   179   -    -  -  5,771
Unquoted bonds     2,147 242   2,159   -    -  -  4,548
Total     11,153   1,236   2,338   -    -  -  14,727
                 
Total     37,864   17,758   14,770   3,722   1,756 791 76,662

* Guarantees furnished by the Guarantee Institute for Export Credit are not taken into account.

Financial results

Annual report and notes

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