Note 17 Liquidity and interest rate risk The Board of Directors has established guidelines that sets the limit for maximum interest rate risk. Monitoring and reporting of liquidity and interest rate risk happens continuously according to provided instructions. Liquidity risk The liquidity risk of the Bank arises from or results from the maturity profile of the Bank’s assets and liabilities. Below follows an overview of different time intervals as to when the Bank’s assets and liabilities mature. DISTRIBUTION OF TERMS AS AT 31 DECEMBER 2022 Amounts in NOK million No defined term < 3 months 3 months < 1 year 1 year < 5 years Over 5 years Total Loans and deposits with credit institutions 807.8 - - - - 807.8 Loans to customers 5,639.6 - 9.6 4,864.5 - 10,512.7 Certificates and bonds 1,453.5 - - - - 1,453.5 Other receivables - 20.7 - - - 20.7 Total assets 7,899.9 20.7 9.6 4,864.5 - 12,794.7 Deposits from customers 9,337.1 - 10.5 - - 9,347.6 Other debt - 78.3 - - - 78.3 Subordinated loans - 1.4 4.1 22.0 82.9 110.3 Total liabilities 9,337.1 79.7 14.6 22.0 82.9 9,536.3 DISTRIBUTION OF TERMS AS AT 31 DECEMBER 2021 Amounts in NOK million No defined term < 3 months 3 months < 1 year 1 year < 5 years Over 5 years Total Loans and deposits with credit institutions 1,301.8 - - - - 1,301.8 Loans to customers 6,172.3 0.6 3.7 2,805.7 - 8,982.3 Certificates and bonds 883.0 - - - - 883.0 Other receivables - 278.0 - - - 278.0 Total assets 8,357.1 278.5 3.7 2,805.7 - 11,445.1 Deposits from customers 7,803.5 80.0 50.6 - - 7,934.1 Other debt - 38.6 - - - 38.6 Subordinated loans - 1.0 2.9 15.5 81.4 100.8 Total liabilities 7,933.8 119.6 53.5 15.5 81.4 8,073.4 Loans to customers and deposits from customers with a term period, and subordinated loans, include expected interests in the overview above. The Bank had no financial instruments that were not recognised as at 31 December 2022 nor as at 31 December 2021. See also the Report from the Board of Directors for further information and discussion of the Bank’s liquidity risk. 74 Notes to the financial statements
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