Note 11 - Losses on loans and guarantees

Parent bank  
  2017 2016
Losses on loans and guarantees (NOK million) RM CM Total RM CM Total
Period’s change in individual write-downs -2 127 125 0 449 450
Period’s change in collective write-downs - 5 5 - -40 -40
Actual losses on loans previously written down 8 146 155 8 34 42
Confirmed losses on loans not previously written down 3 41 45 10 49 59
Recoveries on previously written down loans, guarantees etc. -5 -1 -6 -6 -3 -8
Total  5 318 323 13 490 502
             
             
  31 Dec 2017 31 Dec 2016
Individual write-downs (NOK million) RM CM Total RM CM Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01. 24 602 625 28 148 176
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down 8 146 155 8 34 42
- Reversal of previous years’ write-downs 4 8 13 3 36 39
+ Increase in write-downs of commitments previously subject to individual write down 0 191 191 2 6 8
+ Write-downs of loans not previously subject to individual write down  6 100 106 4 518 523
Individual write-downs to cover loss on loans, guarantees etc at 31 Dec *) 18 738 755 24 602 625
*) Individually assessed impairment write-downs on guarantees, totalling NOK 4.2m (5.6 million), are shown in the balance sheet as a liability under 'Other liabilities'        
             
  31 Dec 2017 31 Dec 2016
Collective write-downs (NOK million) RM CM Total RM CM Total
Collective write-downs to cover loss on loans, guarantees at 01.01 90 228 318 90 268 358
Period’s collective write-downs to cover loss on loans, guarantees etc - 5 5 - -40 -40
Collective write-downs to cover loss on loans and guarantees at 31 Dec 90 233 323 90 228 318

 

  Losses Individual- and collective write-downs
Losses and write-downs specified by sector and industry (NOK million) 2017 2016  31 Dec 2017 31 Dec 2016
Agriculture, forestry, fisheries and hunting  -2 6 5 9
Fish farming - - - -
Industry and mining 4 15 14 17
Building and construction, power and water supply 7 6 13 11
Wholesale and retail trade, hotel og restaurant industry 3 9 23 21
Other transport and communication 258 490 617 520
Financing, property management and business services 37 16 58 23
Private sector 11 1 20 19
Undistributed *) 5 -40 323 318
Total 323 502 1,074 938
*) Undistributed is in its entirety linked to group write-downs. See separate table for segment breakdown of group write-downs.    

 

 

  31 Dec 2017 31 Dec 2016
Total defaults (NOK million) RM CM Total RM CM Total
Loans in default for more than 90 days 170 50 220 144 29 173
- Individual write-downs 12 39 50 17 18 36
Net defaults 159 11 170 127 11 138
Provison rate 7 % 77 % 23 % 12 % 62 % 21 %
             
Problem loans (not in default) 21 1,146 1,167 19 1,435 1,453
- Individual write-downs 6 699 705 6 584 590
Net problem loans 15 448 462 13 851 863
Provison rate 29 % 61 % 60 % 33 % 41 % 41 %

Interest taken to income on defaulted and doubtful exposures totals NOK 32.1 million for the parent bank (NOK 57.8 million ).

The realisable value of the collateral backing individually written-down loans totals NOK 528.0 million (NOK 844.2 million) for the Parent bank at 31 December 2017.

Group            
  2017 2016
Losses on loans and guarantees (NOK million) RM CM Total RM CM Total
Period’s change in individual write-downs -2 129 127 0 454 454
Period’s change in collective write-downs 5 4 9 4 -42 -38
Actual losses on loans previously written down 8 146 155 8 36 44
Confirmed losses on loans not previously written down 13 45 58 14 50 64
Recoveries on previously written down loans, guarantees etc. -6 -1 -7 -6 -3 -9
Total  18 323 341 21 495 516
             
             
  31 Dec 2017 31 Dec 2016
Individual write-downs (NOK million) RM CM Total RM CM Total
Individual write-downs to cover loss on loans, guarantees etc. at 01.01. 27 611 638 31 153 184
- Confirmed losses in the period on loans, guarantees etc. previously subject to individual write down 9 147 157 8 36 44
- Reversal of previous years’ write-downs 5 9 14 3 36 39
+ Increase in write-downs of commitments previously subject to individual write down 0 191 191 2 6 8
+ write-downs of loans not previously subject to individual write down  7 104 111 4 523 528
Individual write-downs to cover loss on loans, guarantees etc at 31.12  20 750 769 27 611 638
*) Individually assessed impairment write-downs on guarantees, totalling NOK 4.2m, are shown in the balance sheet as a liability under 'Other liabilities'          
             
  31 Dec 2017 31 Dec 2016
Collective write-downs (NOK million) RM CM Total RM CM Total
Collective write-downs to cover loss on loans, guarantees at 01.01 100 239 339 96 281 376
Period’s collective write-downs to cover loss on loans, guarantees etc 5 4 9 4 -42 -38
Collective write-downs to cover loss on loans and guarantees at 31.12 104 243 347 100 239 339

 

 

  Losses Individual- and collective write-downs
Losses and write-downs specified by sector and industry (NOK million) 2017 2016 31 Dec 2017 31 Dec 2016
Agriculture, forestry, fisheries and hunting  -2 6 6 10
Fish farming - - - -
Industry and mining 7 15 16 18
Building and construction, power and water supply 8 7 15 12
Wholesale and retail trade, hotel og restaurant industry 4 9 25 23
Other transport and communication 259 492 624 525
Financing, property management and business services 37 17 58 23
Private sector 18 5 20 21
Undistributed *) 9 -37 347 339
Total 341 516 1,112 971
*) Undistributed is in its entirety linked to group write-downs. See separate table for segment breakdown of group write-downs.    

 

  31 Dec 2017 31 Dec 2016
Total defaults (NOK million) RM CM Total RM CM Total
Loans in default for more than 90 days 209 75 284 176 38 214
- Individual write-downs 14 42 55 20 19 39
Net defaults 195 33 229 156 18 174
Provison rate 7 % 55 % 20 % 12 % 51 % 18 %
             
Problem loans (not in default) 21 1,164 1,184 19 1,455 1,474
- Individual write-downs 6 708 714 6 592 599
Net problem loans 15 456 470 13 863 875
Provison rate 29 % 61 % 60 % 33 % 41 % 41 %

Interest taken to income on defaulted and doubtful exposures totals NOK 37.2 million(NOK 65.7 million) for the Group.

The realisable value of the collateral backing individually written-down loans totals NOK 540.0 million (NOK 853.6 million) for the Group at 31 December 2017.

Financial results

Annual report and notes

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