RECONCILIATION OF IMPAIRMENTS OF LOANS TO CUSTOMERS Amounts in NOK million Stage 1 Stage 2 Stage 3 Total Impairments of loans as at 1 January 2022 201.9 89.8 530.7 822.1 Transfer from stage 1 to stage 2 -29.0 29.0 - - Transfer from stage 1 to stage 3 -9.6 - 9.6 - Transfer from stage 2 to stage 3 - -66.3 66.3 - Transfer from stage 3 to stage 2 - 23.8 -23.8 - Transfer from stage 2 to stage 1 85.5 -85.5 - - Transfer from stage 3 to stage 1 12.1 - -12.1 - New financial assets originated 146.8 39.3 17.3 203.5 Increased expected credit loss 17.7 200.1 146.6 364.3 Financial assets derecognized -29.8 -67.5 -519.1 -616.4 Decreased expected credit loss -130.9 -27.3 -26.2 -184.4 Exchange rate movements 0.5 0.6 0.3 1.4 Macroeconomic model changes 4.5 2.4 0.7 7.6 Other changes -64.1 -9.4 4.7 -68.8 Impairments of loans as at 31 December 2022 205.5 128.9 195.0 529.4 Of which related to "lazy payers" -0.3 -35.0 35.3 - Impairments of loans as at 1 January 2021 166.1 150.0 829.7 1,145.8 Transfer from stage 1 to stage 2 -27.2 27.2 - - Transfer from stage 1 to stage 3 -9.3 - 9.3 - Transfer from stage 2 to stage 3 - -173.4 173.4 - Transfer from stage 3 to stage 2 - 2.4 -2.4 - Transfer from stage 2 to stage 1 100.1 -100.1 - - Transfer from stage 3 to stage 1 4.9 - -4.9 - New financial assets originated 77.9 21.1 6.5 105.5 Increased expected credit loss 33.3 218.7 224.2 476.2 Financial assets derecognized -110.2 -47.5 -868.2 -1,025.9 Decreased expected credit loss -47.1 -11.1 -94.6 -152.8 Exchange rate movements -7.0 -5.2 -8.3 -20.5 Macroeconomic model changes -2.6 -1.7 - -4.3 Other changes 22.9 9.4 266.1 298.3 Impairments of loans as at 31 December 2021 201.9 89.8 530.7 822.2 Of which related to "lazy payers" -0.5 -51.4 51.9 - Other changes in 2022 and 2021 consist mainly of updates to credit risk parameters such as PD (probability of default) and LGD (loss given default). In 2021, the Bank sold a large portfolio of defaulted loans and increased LGD as a result, which is why ”Other changes” are significantly larger in 2021. In 2022, the Bank made further changes to expected credit risk parameters, resulting in NOK 64.1 million and NOK 9.4 million lower loan impairments as of December 31 2022, for stages 1 and 2, respectively. Komplett Bank / Annual Report 2022 57
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