Note 11 - Losses on loans and guarantees

Parent bank (NOK million)
	2012			2011
Losses on loans and guarantees	RM	CM	Total	RM	CM	Total
Period’s change in individual write-downs	-3	-19	-22	-	-36	-36
+ Period’s change in collective write-downs	-	5	5	-10	10	-
+ Actual losses on loans previously written down	4	46	51	5	70	75
+ Confirmed losses on loans not previously written down	6	48	54	8	2	9
- Recoveries on previously written down loans, guarantees etc.	6	30	37	6	31	37
Total	1	50	51	-3	15	12

	2012			2011
Individual write-downs	RM	CM	Total	RM	CM	Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01	31	120	151	31	155	186
- Confirmed losses in the period on loans, guarantees etc. not previously subject to individual write down	-4	-46	-50	-5	-69	-75
- Reversal of previous years’ write downs	-4	-9	-13	-3	-23	-26
+ Increase in write-downs of commitments not previously subject to individual write down	1	3	4	6	50	56
+ Write-downs of loans not previously subject to individual write down	4	33	37	2	7	9
Individual write downs to cover loss on loans, guarantees etc at 31.12	28	101	129	31	120	151

	2012			2011
Collective write-downs	RM	CM	Total	RM	CM	Total
Collective write-downs to cover loss on loans, guarantees at 01.01	73	200	273	83	190	273
Period’s collective write down to cover loss on loans, guarantees etc	-	5	5	-10	10	-
Collective write-down to cover loss on loans and guarantees at 31.12	73	205	278	73	200	273

Losses specified by sector and industry	2012	2011
Agriculture, forestry, fisheries and hunting	1	-0
Fish farming	13	5
Industry and mining	1	0
Building and construction, power and water supply	10	-0
Wholesale and retail trade; hotel og restaurant industry	-0	1
Other transport and communication	5	2
Financing, property management and business services	12	-1
Abroad and others	-	-
Private sector	4	6
Collective write-downs, corporate	5	10
Collective write-downs, retail	-	-10
Losses on loans to customers	51	12

Non-performing more than 90 days and potential problem loans	2012	2011
Non-performing loans	298	272
- Individual write-downs	72	73
Net non-performing loans	226	199
Potential problem loans	119	191
- Individual write-downs	57	77
Net potential problem loans	63	113

Interest taken to income on defaulted and doubtful exposures totals NOK 26 million for the Parent bank.

The realisable value of the collateral backing individually written-down loans totals NOK 116 millions for the Parent bank at 31 December 2012.

Group (NOK million)
	2012			2011
Losses on loans and guarantees	RM	CM	Total	RM	CM	Total
Period’s change in individual write-downs	-5	-23	-28	-2	-49	-51
+ Period’s change in collective write-downs	-	5	5	-10	10	-
+ Actual losses on loans previously written down	8	54	63	7	84	91
+ Confirmed losses on loans not previously written down	7	50	57	11	14	25
- Recoveries on previously written down loans, guarantees etc.	6	32	38	6	33	39
Total	4	55	58	0	27	27


	2012			2011
Individual write-downs	RM	CM	Total	RM	CM	Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01	36	136	172	31	191	222
- Confirmed losses in the period on loans, guarantees etc. not previously subject to individual write down	-8	-54	-62	-5	-85	-90
- Reversal of previous years’ write-downs	-4	-9	-13	-3	-25	-28
+ Increase in write-downs of commitments not previously subject to individual write down	1	3	4	6	51	57
+ Write-downs of loans not previously subject to individual write down	6	37	43	2	10	12
Individual write-downs to cover loss on loans, guarantees etc at 31.12	31	113	144	31	142	172


	2012			2011
Collective write-downs	RM	CM	Total	RM	CM	Total
Collective write-downs to cover loss on loans, guarantees at 01.01	77	213	290	87	203	290
Period’s collective write-downs to cover loss on loans, guarantees etc	-	5	5	-10	10	-
Collecitve write-downs to cover loss on loans and guarantees at 31.12	77	218	295	77	213	290

Losses specified by sector and industry	2012	2011
Agriculture, forestry, fisheries and hunting	1	1
Fish farming	13	5
Industry and mining	0	1
Building and construction, power and water supply	12	4
Wholesale and retail trade; hotel og restaurant industry	0	2
Other transport and communication	8	4
Financing, property management and business services	13	2
Abroad and others	-	-
Private sector	6	8
Collective write-downs, corporate	5	10
Collective write-downs, retail	-	-10
Losses on loans to customers	58	27

Non-performing more than 90 days and potential problem loans	2012	2011
Non-performing loans	374	338
- Individual write-downs	83	89
Net non-performing loans	291	249
Potential problem loans	143	204
- Individual write-downs	62	83
Net potential problem loans	81	121

Interest taken to income on defaulted and doubtful exposures totals NOK 51 million for the Group.

The realisable value of the collateral backing individually written-down loans totals NOK 144 million for the Group at 31 December 2012.