Note 9

Transactions with related parties
These are transactions between the Parent Bank and wholly-owned subsidiaries which have been done at arm`s length and at arm`s length`s prices.
The most important transactions which have been done and netted out in the Group accounts are as follows:
PARENT BANK31.03.201631.03.201531.12.2015
Statement of income   
Interest and credit commission income from subsidiaries4619
Received dividend and group contribution from subsidiaries176191191
Rent paid to Sparebankeiendom AS4418
Administration fee received from Møre Boligkreditt AS6624
Statement of financial position   
Claims on subsidiaries2 0921 3181 121
Covered bonds2341950
Liabilities to subsidiaries273582307
Accumulated loan portfolio transferred to Møre Boligkreditt AS18 02715 77416 911