Investor Presentaiton
18
Loans to customers
Loan book increases by 0.6% but would have decreased by 2.5% at year end FX rates
The loan book continues to be well balanced
between individuals and corporates
Loans to individuals increased by 1.5%
Loans to customers
Loans to customers by sector (%)
during the quarter mainly due to strong
mortgages lending
12
834
829
5
The corporate loan book is stable from year-
end but decreases in real-term due to ISK
765
58
58
774
779
8
depreciation
55
58
57
11
-
Good diversification between sectors in
the corporate loan book
16
Demand for new lending is negatively
342
342
310
310
317
affected by Covid-19, reflected in loan
commitments, 32% decrease from YE 2018
Impairment on loans is ISK 3.0 billion or
0.38% of loans to customers.
Thereof 0.11% (27.4% of loan
176
195
156
180
182
■Individuals
Real Estate & Construction
■Fishing
48
Wholesale & Retail
Finance & Insurance
Other sectors
Loans to customers by currency (%)
22
■ISK CPI linked
36
■ISK Non-CPI linked
impairments) is due to specific
impairment (Stage 3)
0.06% (15.9% of loan impairments) due
to increased risk in tourism exposures
0.05% (12.7% of loan impairments) is
due to other increase in credit risk
0.16% (44.0% of loan impairments) is
due to change in economic scenario in
IFRS 9 models.
244
257
235
225
223
41
31.12.2017 31.12.2018 31.03.2019 31.12.2019 31.03.2020
Corporate ■SME's Individ. Mortgage Individ. other
REA from loans to customers reduces by
1.2% despite increase in the loan book
during the quarter, partly due to regulatory
changes regarding SME exposures
All amounts in ISK billion
■FX
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