Komplett Bank Annual Report 2020

IMPAIRMENT OF STAGE 1 AND 2 OF LOANS (BALANCE SHEET ITEM) NOK million 31.12.2020 31.12.2019 Impairment of loans at beginning of period 316.5 202.8 +/- Change in impairment on stage 1 and stage 2 of loans to customers in the period -0.4 113.7 Impairment on stage 1 and 2 of loans to customers 316.1 316.5 The Bank has for extensive parts of 2019 and 2020 been part of an agreement with Axactor to continuously transfer defaulted loans to customers in a forward flow agreement. The agreement included Norwegian consumer loans and credit card loans. In 2020 there has been transferred gross loans to customers of NOK 90.1 million to Axactor (NOK 776 million in 2019) . The bank has recognised a positive effect in losses on loans due to the transfer of loans to customers in 2019 and a unsignificant loss on the transfers in 2020. 100 per cent of loans to customers is to private customer as at 31 December 2020 (100 per cent as at 31 December 2019). The Bank has not issued any guarantees as at 31 December 2020 (none as at 31 December 2019). Of the Bank’s financial assets, only loans to customers have, in the opinion of the Bank, been impaired and consequently, no impairments have been recognised for other financial assets. Loans and deposits with credit institutions and other receivables are valuated at amor- tised cost, but there are not any impairments recognized for these posts as at 31 December 2020 (or as at 31 December 2019). RECONCILIATION OF LOSSES ON LOANS NOK million 2020 2019 +/- Change in stage 3 impairment of loans in the period 336.1 224.8 +/- Change in impairment on stage 1 and 2 of loans to customers in the period -0.4 113.7 Realized losses in the period 28.6 115.8 Losses on loans 364.3 454.3 AGEING OF LOANS TO CUSTOMERS NOK million 31.12.2020 31.12.2019 Loans not past due 5,989.8 6,055.7 Past due 1 - 30 days 1,153.0 1,321.2 Past due 31 - 60 days 228.0 449.4 Past due 61 - 90 days 96.9 196.8 Past due 91+ days 2,039.2 1,282.8 Total gross loans to customers 9,506.9 9,305.9 AGEING OF LOANS IN PERCENTAGE OF TOTALT GROSS LOANS TO CUSTOMERS NOK million 31.12.2020 31.12.2019 Loans not past due 63% 65% Past due 1 - 30 days 12% 14% Past due 31 - 60 days 2% 5% Past due 61 - 90 days 1% 2% Past due 91+ days 21% 14% Total 100% 100% 54 Notes to the financial statements