Key Financial Indicators and Balance Sheet Analysis Q1 2023
Loss allowance by IFRS 9 stages
On loans to customers total
Loans to customers are 0.6% provisioned at
period end
12.2
6.9
3.3
Thereof on loans to corporates
Loans to corporates are 1.0% provisioned at
period end
IFRS9 economic scenarios and assumptions
Worsening economic outlook is captured in a movement of weights from the optimistic case to the base and
pessimistic case. It is also captured by a somewhat more negative view within the pessimistic scenario
9.7
5.6
5.7
5.1
5.2
IFRS9 scenario likelihood
Optimistic
Base case
Pessimistic
YE 2021
YE 2022
Q1 2023
20%
10%
10%
60%
65%
60%
20%
25%
30%
3.3
2.0
2.3
2.9
1.2
1.1
7.6
1.6
7.1
6.9
1.9
1.9
1.2
0.8
31.12.20 31.12.21 31.12.22 31.03.23
Changes to loss allowance on loans to customers in Q1
Included are FX changes and calculated interest on Stage 3 provision, which are not reflected in Net impairment
line in the Income Statement. Off-balance impairments and effect of payments of loans previously written off are
excluded from this analysis.
4.5
3.1
3.4
1.5
1.4
Thereof on loans to individuals
Loans to individuals are 0.3% provisioned at
period end
1.8
6,9
2.5
1.9
1.8
1.9
2.3
2.4
2.0
1.3
1.3
1.2
0.4
0.8
8:3
220
1.0
1.1
83
8:3
31.12.20 31.12.21
31.12.22 31.03.23
31.12.20 31.12.21 31.12.22 31.03.23
■ Stage 1
■ Stage 2
■ Stage 3
21
All amounts in ISK bn
0,3
(0,3)
(0,1)
0,5
(0,2)
7,1
Loss allowance
31.12.2022
New financial
assets, originated
or purchased
Scenarios -
worsening
economic outlook
Derecognitions
and maturities
Write offs
Other
Loss allowance
31.03.2023
* Included are FX changes and calculated interests on Stage 3 provision, which are not reflected in Net impairment line in the
Income Statement. Off-balance impairments and effect of payments of loans previously written off are excluded from this analysis.View entire presentation