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

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