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 BANK | 31.03.2017 | 31.03.2016 | 31.12.2016 |
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Statement of income | | | |
Interest and credit commission income from subsidiaries | 11 | 4 | 27 |
Received dividend and group contribution from subsidiaries | 156 | 176 | 176 |
Rent paid to Sparebankeiendom AS | 4 | 4 | 16 |
Administration fee received from Møre Boligkreditt AS | 7 | 6 | 26 |
| | | |
Statement of financial position | | | |
Claims on subsidiaries | 1 213 | 2 092 | 1 270 |
Covered bonds | 752 | 234 | 2 186 |
Liabilities to subsidiaries | 320 | 273 | 284 |
Accumulated loan portfolio transferred to Møre Boligkreditt AS | 18 539 | 18 027 | 19 815 |