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 on 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 on risk factors, and the section on probability of default.

Parent Bank
2014 (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	4,362	-	-	-	-	-	4,362

Loans to and claims on customers	8
Retail market		34,855	9,292	4,324	962	1,053	180	50,666
Corporate market		10,904	11,643	10,405	2,467	411	191	36,021
Total		45,760	20,934	14,729	3,429	1,464	371	86,687

Financial investments	29
Quoted government bonds		4,642	-	-	-	-	-	4,642
Quoted other bonds		4,020	2,234	1,010	85	34	-	7,383
Unquoted government bonds		1,215	-	-	-	-	-	1,215
Unquoted bonds		244	450	141	24	13	-	871
Total		10,120	2,684	1,151	108	47	-	14,110

Total		60,242	23,618	15,880	3,538	1,511	371	105,159


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		57,369	21,209	13,647	3,147	2,107	438	97,917

Group
2014 (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	1,287	-	-	-	-	-	1,287

Loans to and claims on customers	8
Retail market		34,900	9,727	5,253	1,118	1,165	203	52,365
Corporate market		11,186	12,037	11,069	2,750	648	284	37,974
Total		46,086	21,764	16,322	3,867	1,813	487	90,339

Financial investments	29
Quoted government bonds		4,642	-	-	-	-	-	4,642
Quoted other bonds		4,020	2,234	1,010	85	34	-	7,383
Unquoted government bonds		1,215	-	-	-	-	-	1,215
Unquoted bonds		244	450	141	24	13	-	871
Total		10,120	2,684	1,151	108	47	-	14,110

Total		57,493	24,448	17,473	3,976	1,860	487	105,736


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	10,148	2,713	1,461	288	41,548
Total		40,369	19,901	13,762	3,468	2,292	523	80,317

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		54,808	21,979	15,199	3,508	2,376	523	98,393

*) 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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