Note 11 - Losses on loans and guarantees

Parent Bank (NOK million)
	2014			2013
Losses on loans and guarantees	RM	CM	Total	RM	CM	Total
Period’s change in individual write-downs	-4	18	14	-0	22	22
+ Period’s change in collective write-downs	-	-	-	-	-	-
+ Actual losses on loans previously written down	10	41	51	8	26	34
+ Confirmed losses on loans not previously written down	12	16	28	4	34	39
- Recoveries on previously written down loans, guarantees etc.	12	-2	10	-6	-6	-13
Total	6	77	83	6	76	82


	2014			2013
Individual write-downs	RM	CM	Total	RM	CM	Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01	28	122	150	28	101	129
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down	10	41	51	-8	-26	-34
- Reversal of previous years’ write-downs	6	13	19	-4	-12	-16
+ Increase in write-downs of commitments not previously subject to individual write down	1	0	2	1	11	12
+ write-downs of loans not previously subject to individual write down	11	72	83	11	48	59
Individual write-downs to cover loss on loans, guarantees etc. at 31.12	25	139	164	28	122	150


	2014			2013
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	205	278
Period’s collective write-downs to cover loss on loans, guarantees etc.	-	-	-	-	-	-
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	2014	2013
Agriculture, forestry, fisheries and hunting	5	-0
Fish farming	-	2
Industry and mining	6	23
Building, construction, power and water supply	12	28
Wholesale and retail trade, hotel og restaurant industry	16	4
Other transport and communication	19	2
Financing, property management and business services	14	14
Abroad and others		-
Private sector	11	10
Collective write-downs, corporate	-	-
Collective write-downs, retail	-	-
Losses on loans to customers	83	82

Non-performing more than 90 days and potential problem loans	2014	2013
Non-performing loans	224	311
- Individual write-downs	63	73
Net non-performing loans	162	238
Potential problem loans	208	146
- Individual write-downs	101	76
Net potential problem loans	107	70

Interest taken to income on defaulted and doubtful exposures totals NOK 36,6 million for the Parent Bank (NOK 39,6 million).

The realisable value of the collateral backing individually written-down loans totals NOK 189,8 million (NOK 167,3 million) for the Parent Bank at 31 December 2014.

Group (NOK million)
	2014			2013
Losses on loans and guarantees	RM	CM	Total	RM	CM	Total
Period’s change in individual write-downs	-9	8	-1	2	28	29
+ Period’s change in collective write-downs	-	-	-	-	-	-
+ Actual losses on loans previously written down	14	51	66	8	32	40
+ Confirmed losses on loans not previously written down	15	20	35	8	37	45
- Recoveries on previously written down loans, guarantees etc.	13	-2	11	-6	-7	-14
Total	8	81	89	12	89	101


	2014			2013
Individual write-downs	RM	CM	Total	RM	CM	Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01.	33	139	173	31	113	144
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down	14	51	66	-8	-32	-40
- Reversal of previous years’ write-downs	7	15	22	-4	-14	-18
+ Increase in write-downs of commitments not previously subject to individual write down	1	1	2	1	14	15
+ write-downs of loans not previously subject to individual write down	11	73	84	13	58	72
Individual write-downs to cover loss on loans, guarantees etc at 31.12	24	147	172	33	140	173


	2014			2013
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	218	295
Period’s collective write-downs to cover loss on loans, guarantees etc	-	-	-	-	-	-
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	2014	2013
Agriculture, forestry, fisheries and hunting	6	-0
Fish farming	-	2
Industry and mining	6	25
Building and construction, power and water supply	13	31
Wholesale and retail trade, hotel og restaurant industry	15	6
Other transport and communication	21	12
Financing, property management and business services	15	14
Abroad and others	-	0
Private sector	13	10
Collective write-downs, corporate	-	-
Collective write-downs, retail	-	-
Losses on loans to customers	89	101

Non-performing more than 90 days and potential problem loans	2014	2013
Non-performing loans	270	387
- Individual write-downs	67	87
Net non-performing loans	202	299
Potential problem loans	216	157
- Individual write-downs	105	86
Net potential problem loans	112	71

Interest taken to income on defaulted and doubtful exposures totals NOK 43,8 million (NOK 55.3 million) for the Group.

The realisable value of the collateral backing individually written-down loans totals NOK 196.2 million (NOK 185.4 million) for the Group at 31 December 2014.

Note 11 - Losses on loans and guarantees

Financial results

Annual report and notes

Downloads