Statistics Norway

Interest rates in financial corporations 1st quarter 20091
  31.03.2009 31.12.2008 30.09.2008 30.06.2008 31.03.2008 Changes in interest rates Share of loans. Per cent
  Last quarter Last year 31.03.2009 31.12.2008
Total loans from banks 5.24 7.28 7.80 7.41 7.00 -2.03 -1.76 69.0 70.9
Total bank deposits 2.86 4.61 5.60 5.05 4.76 -1.75 -1.90    
Banks' interest rate margin (1-2) 2.38 2.67 2.21 2.37 2.24 -0.29 0.14    
                   
Lending rate, mortage companies 4.41 6.45 6.86 6.44 6.11 -2.03 -1.70 22.1 20.3
Lending rate, life insurance companies 4.69 5.57 6.51 6.30 5.78 -0.89 -1.09 1.1 1.1
Lending rate, state lending institutions1 4.91 4.95 4.59 4.53 4.34 -0.04 0.57 7.7 7.7
Lending rate, state lending institutions exsclusive loans with zero interest rates in the Norwegian State Educational Loan Fund1 5.70 5.65 5.40 5.27 5.06 0.06 0.64 6.7 6.7
Total loans from financial corporations2 5.03 6.91 7.37 7.03 6.66 -1.88 -1.63  100.00  100.00
                   
The Norwegian Public Service Pension Fund 5.32 6.39 6.39 5.87 5.61 -1.07 -0.29    
                   
NIBOR (3 month effective) 2) 3.05 4.09 8.03 6.83 6.35 -1.04 -3.31    
Deposits margin (8-2) 0.18 -0.52 2.43 1.78 1.59 0.70 -1.41    
Loans margin (1-8) 2.20 3.19 -0.22 0.58 0.65 -0.99 1.55    
                   
Banks. Repayment loans with home mortgages 4.86 7.12 7.44 7.05 6.72 -2.25 -1.86 32.1 33.3
Banks. Credit loans with home mortgages 4.42 6.86 7.23 6.87 6.51 -2.44 -2.09 7.7 8.2
Banks. Loans margin repayment loans with home mortgages (9 - 8) 1.82 3.03 -0.59 0.22 0.37 -1.21 1.45    
Banks. Loans margin on credit loans with home mortgages 1.38 2.77 -0.79 0.04 0.16 -1.40 1.22    
                   
Mortgage companies. Repayment loans with home mortgages 4.49 6.91 7.37 6.93 6.58 -2.42 -2.09 9.5 8.3
Mortgage companies Credit loans with home mortgages 4.27 6.72 7.23 6.79 6.51 -2.45 -2.24 4.0 3.5
Life insurance companiess. Repayment loans with home mortgages 4.58 5.42 7.14 6.53 6.16 -0.84 -1.59 0.4 0.4
State lending institutions. Repayment loans with home mortgages 5.06 5.09 4.86 4.78 4.66 -0.02 0.40 2.8 2.8
                   
Financial corporations total: Repayment loans secured on dwellings 4.79 6.93 7.26 6.89 6.57 -2.14 -1.78 44.8 44.8
Financial corporations total: Credit lines from financial corporations 4.37 6.82 7.23 6.85 6.51 -2.45 -2.14 11.7 11.7
Financial corporations total: Housing loans total from financial corporations 4.71 6.91 7.26 6.89 6.56 -2.20 -1.86 56.5 56.5
                   
Key policy rate3 2.00 3.00 5.75 5.75 5.25 -1.00 -3.25    
Overnight lending rate3 3.00 4.00 6.75 6.75 6.25 -1.00 -3.25    
Total loans from banks and mortgage companies 5.04 7.09 7.62 7.25 6.86 -2.05 -1.82 91.1 91.2
1  Weighted average interest rates incl. commissions on NOK loans from banks and other financial corporations. Weighted average interest rates on deposits in banks from non-financial enterprises, households and local government.
Weighted average interest margins in banks. Per cent per annum.
2  Includes banks, mortgage companies, life insurance companies and state lending institutions. The Norwegian Public Service Pension Fund is not included.
3  Norges Bank.

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