Note 15 - 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 6 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 6, Risk factors, and the section on probability of default.

Parent Bank
2013 (NOK million)		Neither defaulted nor written down					Defaulted or written down *)
	Notes	Lowest risk	Low risk	Medium risk	High risk	Highest risk	Defaulted or written down *)	Total
Loans to and claims on credit institutions	7	4,000	-	-	-	-	-	4,000

Loans to and claims on customers	8
Retail market		26,143	6,762	2,833	639	769	209	37,355
Corporate market		13,977	12,370	9,377	2,469	1,254	229	39,675
Total		40,120	19,132	12,210	3,108	2,023	438	77,030

Financial investments	29
Quoted government bonds		150	-	-	-	-	-	150
Quoted other bonds		9,150	94	-	25	45	-	9,314
Unquoted government bonds		2,416	-	-	-	-	-	2,416
Unquoted bonds		1,533	1,984	1,437	14	39	-	5,007
Total		13,249	2,077	1,437	39	84	-	16,887

Total		61,569	21,209	13,647	3,147	2,107	438	97,917


2012 (NOK million)		Neither defaulted nor written down					Defaulted or written down *)
	Notes	Lowest risk	Low risk	Medium risk	High risk	Highest risk	Defaulted or written down *)	Total
Loans to and claims on credit institutions	7	5,619	-	-	-	-	-	5,619

Loans to and claims on customers	8
Retail market		22,256	5,976	3,043	584	590	168	32,618
Corporate market		13,425	11,783	10,943	2,594	875	226	39,846
Total		35,681	17,760	13,986	3,178	1,465	394	72,464

Financial investments	29
Quoted government bonds		50	17	-	-	-	-	67
Quoted other bonds		10,858	147	39	-	-	-	11,045
Unquoted government bonds		2,381	5	-	-	-	-	2,386
Unquoted bonds		1,252	1,180	1,235	-	-	-	3,667
Total		14,541	1,349	1,274	-	-	-	17,164

Total		55,841	19,109	15,260	3,178	1,465	394	95,247

Group
2013 (NOK million)		Neither defaulted nor written down					Defaulted or written down *)
	Notes	Lowest risk	Low risk	Medium risk	High risk	Highest risk	Defaulted or written down *)	Total
Loans to and claims on credit institutions	7	1,189	-	-	-	-	-	1,189

Loans to and claims on customers	8
Retail market		26,194	7,140	3,614	756	831	235	38,769
Corporate market		14,176	12,761	10,134	2,713	1,461	288	41,534
Total		40,369	19,901	13,748	3,468	2,292	523	80,303

Financial investments	29
Quoted government bonds		150	-	-	-	-	-	150
Quoted other bonds		9,150	94	-	25	45	-	9,314
Unquoted government bonds		2,416	-	-	-	-	-	2,416
Unquoted bonds		1,533	1,984	1,437	14	39	-	5,007
Total		13,249	2,077	1,437	39	84	-	16,887

Total		54,008	21,979	15,185	3,508	2,376	523	98,379


2012 (NOK million)		Neither defaulted nor written down					Defaulted or written down *)
	Notes	Lowest risk	Low risk	Medium risk	High risk	Highest risk	Defaulted or written down *)	Total
Loans to and claims on credit institutions	7	3,012	-	-	-	-	-	3,012

Loans to and claims on customers	8
Retail market		22,303	6,311	3,676	680	695	199	33,863
Corporate market		13,682	12,125	11,017	2,847	1,113	295	41,079
Total		35,795	18,436	14,693	3,526	1,809	494	74,943

Financial investments	29
Quoted government bonds		50	17	-	-	-	-	67
Quoted other bonds		10,858	147	39	-	-	-	11,045
Unquoted government bonds		2,381	5	-	-	-	-	2,386
Unquoted bonds		1,252	1,180	1,235	-	-	-	3,667
Total		14,541	1,349	1,274	-	-	-	17,164

Total		53,538	19,795	15,967	3,526	1,809	494	95,119

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

Note 15 - Credit quality per class of financial assets

Financial results

Annual report and notes

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