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 BANK30.09.201630.09.201531.12.2015
Statement of income   
Interest and credit commission income from subsidiaries171619
Received dividend and group contribution from subsidiaries176191191
Rent paid to Sparebankeiendom AS121318
Administration fee received from Møre Boligkreditt AS201824
    
Statement of financial position   
Claims on subsidiaries1 6471 6121 121
Covered bonds1592380
Liabilities to subsidiaries491 091307
Accumulated loan portfolio transferred to Møre Boligkreditt AS18 00916 94416 911