Home loans from banks continue to increase

Home loans or mortgages issued by commercial banks, the Norwegian Post Bank and savings banks increased by 15 percent in 1996 and amounted to NOK 351.9 billion at the end of 1997. Compared to the previous quarter the increase was NOK 11.2 billion, or three per cent.

Mortgages issued by state lending institutions and insurance companies amounted to NOK 63.6 million and NOK 23.1 million respectively by year-end. This is a decline of six per cent in 1996 for state lending institutions and 35 per cent for insurance companies. Some of the decrease for the insurance companies is, however, connected to the fact that a commercial bank took over the loan portfolio of one of the life insurance companies totalling approximately NOK 9 billion.

New Statistics

Financial institutions, 4th quarter 1997.
Statistics are published every quarter in the Weekly Bulletin of Statistics and in Banking and Credit Statistics. Current statistics. For more information, contact: Ole Marius Tidemann, tel. +47 21 09 44 68, e-mail: ole.marius.tiedemann@ssb.no, or Hilde Berge Aasen, tel. +47 21 09 44 79, e-mail: hilde.berge.aasen@ssb.no.

Weekly Bulletin issue no. 14, 1998