Note 17 - Maximum credit risk exposure, disregarding collateral
Maximum credit risk exposure, disregarding collateral
The table below shows maximum exposure to credit risk for balance sheet components, including derivatives exposures are shown on a gross basis before collateral and permitted set-offs.
| Parent bank | Group | |||||
| 2009 | 2010 | 2011 | (NOK million) | 2011 | 2010 | 2009 |
| Assets | ||||||
| 1,107 | 2,112 | 1,519 | Cash and claims on central banks | 1,519 | 2,112 | 1,107 |
| 2,477 | 2,894 | 5,033 | Loans to and claims on credit institutions | 2,557 | 420 | 153 |
| 58,838 | 66,983 | 70,369 | Loans to and claims on customers | 72,643 | 69,336 | 61,275 |
| 9,420 | 12,582 | 10,421 | Securities - held for trading | 10,418 | 12,507 | 9,308 |
| 1,150 | 1,825 | 3,698 | Securities - designated at fair value through profit/loss | 3,697 | 1,825 | 1,149 |
| 1 | 1 | 1 | Derivatives | 56 | 64 | 55 |
| 2,409 | 1,562 | 583 | Securities - available for sale | 583 | 1,562 | 2,409 |
| 3,484 | 3,516 | 2,460 | Securities - held to maturity | 2,473 | 3,460 | 3,460 |
| 4,174 | 4,915 | 5,614 | Other assets | 7,510 | 6,712 | 5,593 |
| 83,060 | 96,390 | 99,697 | Total | 101,455 | 97,997 | 84,509 |
| Liabilities | ||||||
| 2,108 | 3,532 | 3,857 | Conditional liabilities | 3,857 | 3,532 | 2,108 |
| 7,311 | 8,837 | 10,578 | Unutilised credits | 10,578 | 8,837 | 7,311 |
| 1,223 | 1,090 | 470 | Loan approvals | 500 | 1,291 | 1,418 |
| 474 | 629 | 813 | Other exposures | 940 | 629 | 474 |
| 11,116 | 14,088 | 15,717 | Total | 15,875 | 14,289 | 11,311 |
| 94,176 | 110,478 | 115,413 | Total credit risk exposure | 117,330 | 112,281 | 95,852 |
Credit risk exposure related to financial assets distributed by geographical area
| Parent bank | Group | |||||
| 2009 | 2010 | 2011 | (NOK million) | 2011 | 2010 | 2009 |
| Bank activities | ||||||
| 32,826 | 35,131 | 37,678 | Sør-Trøndelag | 37,212 | 32,560 | 32,319 |
| 18,021 | 19,053 | 17,776 | Nord-Trøndelag | 18,708 | 20,056 | 19,125 |
| 12,806 | 18,047 | 19,807 | Møre og Romsdal | 20,308 | 18,541 | 13,204 |
| 273 | 658 | 479 | Sogn og Fjordane | 491 | 665 | 505 |
| 555 | 582 | 695 | Nordland | 734 | 618 | 613 |
| 7,571 | 10,037 | 12,939 | Oslo | 13,333 | 10,037 | 7,571 |
| 4,263 | 6,480 | 6,687 | Rest of Norway | 7,128 | 7,479 | 4,701 |
| 1,396 | 1,004 | 2,190 | Abroad | 2,188 | 1,005 | 1,400 |
| 77,712 | 90,992 | 98,251 | Total | 100,104 | 92,859 | 79,470 |
| Financial instruments | ||||||
| 14,216 | 16,704 | 12,769 | Norway | 12,826 | 16,631 | 14,135 |
| 1,037 | 949 | 695 | Europe, Asia | 704 | 959 | 1,037 |
| 61 | 7 | 0 | USA | 0 | 7 | 61 |
| 1,150 | 1,825 | 3,698 | Derivatives | 3,697 | 1,825 | 1,149 |
| 16,464 | 19,486 | 17,162 | Total | 17,226 | 19,423 | 16,382 |
| 94,176 | 110,478 | 115,413 | Total distributed by geographical area | 117,330 | 112,281 | 95,852 |
Financial effect of collateral for credit risk, parent bank
The Bank’s maximum credit exposure is shown in the above table. SpareBank 1 SMN provides wholesale banking services to BN Bank and the Samspar banks. In this connection a guarantee agreement has been established which assures full settlement for exposures connected to these agreements. The Bank has corresponding agreements with respect to the takeover of BN Bank’s portfolio in Ålesund. The value of the guarantee agreements is not included in the table below.
The collateral is measured at fair value, limited to maximum credit exposure for the individual counterparty.
| Collaterlan Pledged (NOKm) | ||
| Corporate market | 26,656 | |
| Retail market | 31,299 | |
| Covered bonds | 6,685 | |
| Financial institutions using CSA | 147 | |
| Customers trading and hedging | 2,152 | |
Financial results
Annual report and notes
