Note 8 - Loans and advances to customers

Parent Bank   Group
31 Dec 2020 31 Dec 2021 (NOK million) 31 Dec 2021 31 Dec 2020
125,660 137,113 Gross Loans 147,301 134,648
1,446 1,348 Write-downs for expected credit losses 1,410 1,516
124,214 135,766 Net loans to and advances to customers 145,890 133,131
     
    Additional information    
46,613 46,650 Loans sold to SpareBank 1 Boligkreditt 46,650 46,613
760 578 - Of which loans to employees 1,106 1,380
1,540 1,402 Loans sold to SpareBank 1 Næringskreditt 1,402 1,540
         
43 78  Subordinated loan capital other financial institutions  - 43
1,027 1,261 Loans to employees 1) 2,173 1,907
 1) Interest rate subsidies on loans to employees are included in net interest income. The lending rate for employees is 75 per cent of the best mortgage rate for other customers 
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Loans and commitments specified by type

Parent Bank   Group
31 Dec 2020 31 Dec 2021 (NOK million) 31 Dec 2021 31 Dec 2020
         
    Gross loans and advances    
- - Financial lease 3,392 3,365
10,592 11,460 Bank overdraft and operating credit 11,549 10,042
3,976 4,173 Construction loans 4,173 3,976
111,093 121,480 Amortizing loan 128,187 117,265
125,660 137,113 Total gross loans to and receivables from customers 147,301 134,648
         
    Other commitments    
3,915 4,549 Financial guarantees, of which: 4,549 3,915
1,151 924 Payment guarantees 924 1,151
1,238 1,282 Performance guarantees 1,282 1,238
980 894 Loan guarantees 894 980
119 67 Guarantees for taxes 67 119
427 1,383 Other guarantee commitments 1,383 427
         
992 1,175 Unutilised guarantee commitments 1,175 992
13,173 13,570 Unutilised credits 13,788 13,189
1,019 6,435 Loans approvals (not discounted) 1) 6,584 1,136
12 19 Documentary credits 19 12
19,110 25,747 Total other commitments 26,115 19,244
         
144,770 162,860 Total loans and commitments 173,415 153,892
1) Increase in loan approvals is due to letters of credit, which were not included previously. Comparables have not been restated.
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Loans and other commitments specified by sector and industry

  31 Dec 2021 31 Dec 2020
Parent Bank (NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Wage earners 80,178 8,153 88,331 72,101 5,476 77,577
Public administration 2 944 945 9 411 420
Agriculture and forestry 9,433 864 10,297 9,160 839 9,999
Fisheries and hunting 5,853 1,904 7,756 5,243 301 5,544
Sea farming industries 1,926 1,680 3,606 1,704 1,704 3,409
Manufacturing 2,151 1,958 4,109 2,234 2,076 4,309
Construction, power and water supply 3,169 2,132 5,301 3,195 2,184 5,379
Retail trade, hotels and restaurants 2,572 1,562 4,134 2,289 1,938 4,227
Maritime sector and offshore 4,715 1,121 5,836 4,537 839 5,376
Property management 15,522 2,119 17,641 13,887 819 14,706
Business services 4,497 952 5,449 3,644 761 4,405
Transport and other services provision 5,714 1,376 7,089 6,032 1,378 7,409
Other sectors 1,383 982 2,365 1,626 385 2,010
Total 137,113 25,747 162,860 125,660 19,110 144,770
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  31 Dec 2021 31 Dec 2020
Group (NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Wage earners 86,244 8,370 94,614 77,848 5,546 83,394
Public administration 34 945 979 33 411 445
Agriculture and forestry 9,783 877 10,659 9,591 844 10,435
Fisheries and hunting 5,870 1,904 7,774 5,259 301 5,560
Sea farming industries 2,176 1,689 3,865 2,100 1,709 3,809
Manufacturing 2,766 1,980 4,746 2,646 2,081 4,726
Construction, power and water supply 4,124 2,166 6,289 4,077 2,195 6,271
Retail trade, hotels and restaurants 2,966 1,576 4,541 2,586 1,958 4,543
Maritime sector and offshore 4,715 1,121 5,836 4,537 839 5,376
Property management 15,643 2,124 17,766 13,969 820 14,789
Business services 4,990 972 5,961 3,423 766 4,189
Transport and other services provision 6,667 1,409 8,076 6,942 1,389 8,331
Other sectors 1,325 983 2,308 1,638 385 2,022
Total 147,301 26,115 173,415 134,648 19,244 153,892
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Loans and other commitments specified by geographic area

  31 Dec 2021 31 Dec 2020
Parent Bank (NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Trøndelag 91,521 14,788 106,309 82,308 12,477 94,785
Møre og Romsdal 27,698 7,558 35,256 25,481 5,097 30,579
Nordland 1,051 62 1,113 1,024 41 1,065
Oslo 6,322 1,437 7,759 7,127 554 7,680
Rest of Norway 10,271 1,875 12,146 9,391 923 10,314
Abroad 250 27 277 329 18 347
Total 137,113 25,747 162,860 125,660 19,110 144,770
             
  31 Dec 2021 31 Dec 2020
Group (NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Trøndelag 95,160 15,156 110,316 85,762 12,611 98,373
Møre og Romsdal 29,509 7,558 37,067 27,191 5,097 32,289
Nordland 1,263 62 1,325 1,183 41 1,224
Oslo 6,524 1,437 7,961 6,700 554 7,254
Rest of Norway 14,594 1,875 16,469 13,482 923 14,404
Abroad 250 27 277 329 18 347
Total 147,301 26,115 173,415 134,648 19,244 153,892
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Gross loans sold to SpareBank 1 Boligkreditt

  31 Dec 2021 31 Dec 2020
(NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Trøndelag 31,440 1,819 33,259 33,338 1,899 35,237
Møre og Romsdal 6,855 392 7,247 6,629 404 7,033
Nordland 244 5 249 186 6 192
Oslo 2,598 58 2,656 2,246 71 2,317
Rest of Norway 5,404 95 5,499 4,144 109 4,253
Abroad 110 2 112 70 2 72
Total 46,650 2,371 49,021 46,613 2,491 49,105
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Gross loans sold to SpareBank 1 Næringskreditt

  31 Dec 2021 31 Dec 2020
(NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Trøndelag 1,018 - 1,018 1,032 - 1,032
Møre og Romsdal 54 - 54 58 - 58
Nordland - - - - - -
Oslo 285 - 285 404 - 404
Rest of Norway 44 - 44 47 - 47
Abroad - - - - - -
Total 1,402 - 1,402 1,540 - 1,540
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Loans to and claims on customers related to financial leases (NOK million)

Group (NOK million) 31 Dec 2021 31 Dec 2020
Gross advances related to financial leasing    
- Maturity less than 1 year 106 212
- Maturity more than 1 year and less than 5 years 2,176 2,705
- Maturity more than 5 years 1,014 543
Total gross claims 3,296 3,460
     
Received income related to financial leasing, not yet earned 95 95
Net investments related to financial leasing 3,392 3,365
     
Net investments in financial leasing can be broken down as follows:    
- Maturity less than 1 year 119 163
- Maturity more than 1 year and less than 5 years 2,244 2,662
- Maturity more than 5 years 1,028 540
Total net claims 3,392 3,365
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Loans and other commitments to customers specified by risk group

The Bank calculates default probabilities for all customers in the loan portfolio at the loan approval date. This is done on the basis of key figures on earnings, financial strength and behaviour. Default probability is used as a basis for risk classification of the customer. Further, risk classification is used to assign each customer to a risk group. See note 11 on credit risk exposure for each internal risk rating.

Customers are rescored in the Bank’s portfolio system on a monthly basis.

Other commitments include guarantees, unutilised credit lines and letters of credit.

Exposures are monitored with a basis in the exposure’s size, risk and migration. Risk pricing of business exposures is done with a basis in expected loss and economic capital required for each exposure.

The Bank uses macro-based stress tests to estimate write-downs required as a result of objective events that were not reflected in portfolio quality at the time of measurement.

Risk group default and written down consist of customers default by over 90 days and or objetive evidence of impairment leading to reduced cash flows from the customer. See note 2 Accounting principles for further description of such exposures.

  Neither default or credit impaired    
Parent Bank 31 Dec 21 (NOK million) Lowest risk Low risk Medium risk High risk Highest risk Default
and
credit
impaired		 Total
               
Gross Loans              
Fair value through OCI 71,241 7,516 2,455 785 851 304 83,152
Stage 1 71,130 6,739 996 211 203 - 79,280
Stage 2 111 777 1,458 574 648 - 3,568
Stage 3 - - - - - 304 304
               
Amortised cost 23,283 12,471 9,438 1,239 458 2,796 49,685
Stage 1 22,751 10,258 7,569 634 166 - 41,378
Stage 2 532 2,213 1,868 605 292 - 5,511
Stage 3 - - - - - 2,796 2,796
               
Fair value through Profit and Loss 3,686 426 117 25 15 6 4,276
Total Gross Loans 98,211 20,413 12,010 2,049 1,325 3,106 137,113
               
Other Commitments 15,588 6,063 3,007 805 178 106 25,747
Stage 1 15,399 5,726 2,467 355 38 - 23,985
Stage 2 189 336 541 450 140 - 1,655
Stage 3 - - - - - 106 106
               
Total loans and other commitments 113,799 26,476 15,017 2,854 1,503 3,212 162,860
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  Neither default or credit impaired    
Parent Bank 31 Dec 20 (NOK million) Lowest risk Low risk Medium risk High risk Highest risk Default
and
credit
impaired		 Total
               
Gross Loans              
Fair value through OCI 61,617 8,152 2,957 864 1,001 284 74,876
Stage 1 61,542 7,241 1,218 263 232 - 70,496
Stage 2 75 911 1,739 601 769 - 4,096
Stage 3 - - - - - 284 284
               
Amortised cost 21,035 12,498 9,306 1,311 551 1,798 46,500
Stage 1 19,784 10,260 7,336 763 245 - 38,388
Stage 2 1,251 2,238 1,970 548 306 - 6,313
Stage 3 - - - - - 1,798 1,798
               
Fair value through Profit and Loss 3,597 465 135 48 39 2 4,285
Total Gross Loans 86,250 21,115 12,398 2,222 1,592 2,084 125,660
               
Other Commitments 10,560 4,144 3,572 539 185 111 19,110
Stage 1 10,306 3,941 2,649 401 46 - 17,343
Stage 2 253 203 923 138 139 - 1,656
Stage 3 - - - - - 111 111
               
Total loans and other commitments 96,809 25,258 15,970 2,761 1,777 2,195 144,770
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  Neither default or credit impaired    
Group 31 Dec 21 (NOK million) Lowest risk Low risk Medium risk High risk Highest risk Default
and
credit
impaired		 Total
               
Gross Loans              
Fair value through OCI 71,241 7,516 2,455 785 851 304 83,152
Stage 1 71,130 6,739 996 211 203 - 79,280
Stage 2 111 777 1,458 574 648 - 3,568
Stage 3 - - - - - 304 304
               
Amortised cost 23,800 14,444 15,809 1,921 991 2,986 59,950
Stage 1 23,268 12,227 13,454 1,032 166 - 50,147
Stage 2 532 2,217 2,355 888 825 - 6,818
Stage 3 - - - - - 2,986 2,986
               
Fair value through Profit and Loss 3,608 426 117 25 15 6 4,198
Total Gross Loans 98,649 22,386 18,381 2,731 1,857 3,296 147,301
               
Other Commitments 15,588 6,063 3,375 805 178 106 26,115
Stage 1 15,399 5,726 2,680 355 38 - 24,199
Stage 2 189 336 695 450 140 - 1,809
Stage 3 - - - - - 106 106
               
Total loans and other commitments 114,237 28,449 21,756 3,536 2,035 3,402 173,415
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  Neither default or credit impaired    
Group 31 Dec 20 (NOK million) Lowest risk Low risk Medium risk High risk Highest risk Default
and
credit
impaired		 Total
               
Gross Loans              
Fair value through OCI 61,617 8,152 2,957 864 1,001 284 74,876
Stage 1 61,542 7,241 1,218 263 232 - 70,496
Stage 2 75 911 1,739 601 769 - 4,096
Stage 3 - - - - - 284 284
               
Amortised cost 20,593 14,401 15,311 2,113 1,097 1,971 55,487
Stage 1 19,342 12,159 12,901 1,164 245 - 45,811
Stage 2 1,251 2,243 2,410 949 852 - 7,705
Stage 3 - - - - - 1,971 1,971
               
Fair value through Profit and Loss 3,597 465 135 48 39 2 4,285
Total Gross Loans 85,808 23,018 18,402 3,025 2,138 2,257 134,648
               
Other Commitments 10,562 4,171 3,657 550 193 111 19,244
Stage 1 10,309 3,967 2,728 401 46 - 17,452
Stage 2 253 203 929 149 147 - 1,681
Stage 3 - - - - - 111 111
               
Total loans and other commitments 96,370 27,189 22,059 3,575 2,331 2,368 153,892
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Gross loans and commitments sold to SpareBank 1 Boligkreditt

  31 Dec 2021 31 Dec 2020
(NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Lowest risk 39,955 2,363 42,318 40,790 2,481 43,271
Low risk 4,972 4 4,976 4,320 7 4,327
Medium risk 1,121 3 1,125 967 3 970
High risk 297 1 298 302 0 302
Highest risk 279 0 279 218 0 218
Default and written down 24 0 24 16 - 16
Total 46,650 2,491 49,021 46,613 2,491 49,105
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Gross loans and commitments sold to SpareBank 1 Næringskreditt

  31 Dec 2021 31 Dec 2020
(NOK million) Gross loans Other
commitments		 Total loans
and
commitments		 Gross loans Other
commitments		 Total loans
and
commitments
Lowest risk 1,402 - 1,402 1,455 - 1,455
Low risk - - - 85 - 85
Medium risk - - -     -
High risk - - -     -
Highest risk - - -     -
Default and written down - - -     -
Total 1,402 - 1,402 1,540 - 1,540
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Financial results

Annual report and notes

Downloads

© SpareBank 1 SMN