Note 11 - Losses on loans and guarantees

Parent Bank (NOK million)  
  2013 2012
Losses on loans and guarantees RM CM Total RM CM Total
Period’s change in individual write-downs -0 22 22 -3 -19 -22
+ Period’s change in collective write-downs 0 0 0 0 5 5
+ Actual losses on loans previously written down 8 26 34 4 46 51
+ Confirmed losses on loans not previously written down 4 34 39 6 48 54
- Recoveries on previously written down loans, guarantees etc. -6 -6 -13 6 30 37
Total  6 76 82 1 50 51
             
  2013 2012
Individual write-downs RM CM Total RM CM Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01 28 101 129 31 120 151
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down -8 -26 -34 -4 -46 -50
- Reversal of previous years’ write-downs -4 -12 -16 -4 -9 -13
+ Increase in write-downs of commitments not previously subject to individual write down 1 11 12 1 3 4
+ Write-downs of loans not previously subject to individual write down  11 48 59 4 33 37
Individual write-downs to cover loss on loans, guarantees etc at 31.12 *) 28 122 150 28 101 129
             
  2013 2012
Collective write-downs RM CM Total RM CM Total
Collective write-downs to cover loss on loans, guarantees at 01.01 73 205 278 73 200 273
Period’s collective write down to cover loss on loans, guarantees etc  -  - -  -  5 5
Collective write-downs to cover loss on loans and guarantees at 31.12 73 205 278 73 205 278

 

Losses specified by sector and industry 2013 2012
Agriculture, forestry, fisheries and hunting  -0 1
Fish farming 2 13
Industry and mining 23 1
Building and construction, power and water supply 28 10
Wholesale and retail trade; hotel og restaurant industry 4 -0
Other transport and communication 2 5
Financing, property management and business services 14 12
Private sector 10 4
Collective write-downs, corporate - 5
Collective write-downs, retail - 0
Losses on loans to customers 82 51

 

Non-performing more than 90 days and potential problem loans 2013 2012
Non-performing loans 311 298
- Individual write-downs 73 72
Net non-performing loans 238 226
Potential problem loans 146 119
- Individual write-downs 76 57
Net potential problem loans 70 63

Interest taken to income on defaulted and doubtful exposures totals NOK 39,6 million for the parent bank.
The realisable value of the collateral backing individually written-down loans totals NOK 167,3 millions for the Parent bank at 31 December 2013.

Group (NOK million)            
  2013 2012
Losses on loans and guarantees RM CM Total RM CM Total
Period’s change in individual write-downs 2 28 29 -5 -23 -28
+ Period’s change in collective write-downs - - - - 5 5
+ Actual losses on loans previously written down 8 32 40 8 54 63
+ Confirmed losses on loans not previously written down 8 37 45 7 50 57
- Recoveries on previously written down loans, guarantees etc. -6 -7 -14 6 32 38
Total  12 89 101 4 54 59
             
  2013 2012
Individual write-downs RM CM Total RM CM Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01. 31 113 144 36 136 172
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down -8 -32 -40 -8 -54 -62
- Reversal of previous years’ write-downs -4 -14 -18 -4 -9 -13
+ Increase in write-downs of commitments not previously subject to individual write down 1 14 15 1 3 4
+ Write-downs of loans not previously subject to individual write down  13 58 71 6 37 43
Individual write-downs to cover loss on loans, guarantees etc at 31.12  33 140 172 31 113 144
             
  2013 2012
Collective write-downs RM CM Total RM CM Total
Collective write-downs to cover loss on loans, guarantees at 01.01 77 218 295 77 213 290
Period’s collective write down to cover loss on loans, guarantees etc  -  - -  -  5 5
Collective write-downs to cover loss on loans and guarantees at 31.12 77 218 295 77 218 295

 

Losses specified by sector and industry 2013 2012
Agriculture, forestry, fisheries and hunting  -0 1
Fish farming 2 13
Industry and mining 25 0
Building and construction, power and water supply 31 12
Wholesale and retail trade; hotel og restaurant industry 6 0
Other transport and communication 12 8
Financing, property management and business services 14 13
Abroad and others 0 -
Private sector 10 6
Collective write-downs, corporate - 5
Collective write-downs, retail - 0
Losses on loans to customers 101 58

 

Non-performing more than 90 days and potential problem loans  2013 2012
Non-performing loans 386 374
- Individual write-downs 87 83
Net non-performing loans 299 291
Potential problem loans 157 143
- Individual write-downs 86 62
Net potential problem loans 71 81

Interest taken to income on defaulted and doubtful exposures totals NOK 55,3 million for the Group.
The realisable value of the collateral backing individually written-down loans totals NOK 185,4 million for the Group at 31 December 2013.

Financial results

Annual report and notes

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