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 BANK31.03.201731.03.201631.12.2016
Statement of income   
Interest and credit commission income from subsidiaries11427
Received dividend and group contribution from subsidiaries156176176
Rent paid to Sparebankeiendom AS4416
Administration fee received from Møre Boligkreditt AS7626
Statement of financial position   
Claims on subsidiaries1 2132 0921 270
Covered bonds7522342 186
Liabilities to subsidiaries320273284
Accumulated loan portfolio transferred to Møre Boligkreditt AS18 53918 02719 815