Decreased growth in domestic loan debt
Published:
The twelve-month growth in the credit indicator C2 was 4.6 per cent to the end of April 2020, down from 4.7 per cent the previous month.
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Figure 1. Credit indicator (C2). 12-month growth
| General public | Households | Non-financial corporations | Municipalities | |
| April 2017 | 5.1 | 6.5 | 2.2 | 5.6 |
| May 2017 | 5.4 | 6.7 | 3 | 5.2 |
| June 2017 | 5.6 | 6.6 | 4 | 5.3 |
| July 2017 | 5.7 | 6.6 | 4.1 | 5.8 |
| Aug. 2017 | 5.6 | 6.5 | 3.7 | 6 |
| Sep. 2017 | 5.8 | 6.4 | 4.7 | 5.3 |
| Oct. 2017 | 5.7 | 6.3 | 4.7 | 5.4 |
| Nov. 2017 | 5.8 | 6.4 | 4.9 | 5.3 |
| Dec. 2017 | 6.4 | 6.4 | 6.7 | 5.3 |
| Jan. 2018 | 6.2 | 6.2 | 6.6 | 5.1 |
| Feb. 2018 | 6.3 | 6.0 | 7.4 | 4.3 |
| March 2018 | 6.3 | 6.0 | 7.5 | 4.6 |
| April 2018 | 6.4 | 6.0 | 7.8 | 4.9 |
| May 2018 | 6.2 | 5.8 | 7.0 | 5.8 |
| June 2018 | 5.9 | 5.9 | 6.2 | 5.4 |
| July 2018 | 5.8 | 5.8 | 6.2 | 5.0 |
| Aug. 2018 | 5.9 | 5.8 | 6.5 | 4.8 |
| Sep. 2018 | 5.5 | 5.8 | 5.0 | 4.8 |
| Oct. 2018 | 5.8 | 5.8 | 6.0 | 4.7 |
| Nov. 2018 | 5.7 | 5.6 | 6.2 | 5.3 |
| Dec. 2018 | 5.6 | 5.6 | 5.5 | 6.6 |
| Jan. 2019 | 5.8 | 5.7 | 5.8 | 6.4 |
| Feb. 2019 | 5.8 | 5.7 | 5.7 | 7.3 |
| March 2019 | 5.9 | 5.7 | 5.8 | 7.6 |
| April 2019 | 5.8 | 5.7 | 5.8 | 7.0 |
| May 2019 | 5.7 | 5.6 | 5.7 | 6.8 |
| June 2019 | 5.8 | 5.6 | 5.8 | 6.8 |
| July 2019 | 5.6 | 5.3 | 5.8 | 7.0 |
| Aug. 2019 | 5.5 | 5.2 | 5.7 | 6.9 |
| Sep. 2019 | 5.8 | 5.1 | 7.0 | 7.0 |
| Oct. 2019 | 5.6 | 5.0 | 6.1 | 7.6 |
| Nov. 2019 | 5.6 | 5.2 | 5.7 | 7.8 |
| Dec. 2019 | 5.1 | 5.0 | 4.9 | 7.1 |
| Jan. 2020 | 5.0 | 4.9 | 4.5 | 7.4 |
| Feb. 2020 | 4.9 | 4.8 | 4.2 | 7.4 |
| March 2020 | 4.7 | 4.7 | 4.0 | 6.9 |
| April 2020 | 4.6 | 4.6 | 3.7 | 7.7 |
The general public’s domestic loan debt amounted to NOK 6 149 billion at end-April, according to new figures from the Credit indicator statistics.
Decreased debt growth in households
Households’ domestic loan debt totalled NOK 3 674 billion at end-April. The twelve-month growth was 4.6 per cent to end-April, down from 4.7 per cent the previous month.
Decreased debt growth in non-financial corporations
Non-financial corporations domestic loan debt amounted to NOK 1 907 billion at end-April. The twelve-month growth was 3.7 per cent to end-April, down from 4.0 per cent the previous month.
Decreased growth in loans from banks and mortgage companies
Of the general public’s domestic loan debt, 81 per cent consisted of loans from banks and mortgage companies at end-April. This amounted to NOK 4 964 billion. The twelve-month growth in loans from banks and mortgage companies was 4.4 per cent, down from 4.8 per cent from the previous month.
Increased growth in debt securities
The twelve-month growth in the general public’s debt securities was 3.6 per cent to end-April, up from 2.5 per cent the previous month.
Increased external loan debt in the 1st quarter of 2020
The general public’s total loan debt (C3) amounted to NOK 7 656 billion at the end of the 1st quarter of 2020. The external debt constitutes NOK 1 526 billion.
The external loan debt increased to the end of the 1st quarter. The twelve-month growth in external debt increased from 5.0 per cent to 6.9 per cent from the end of the 4th quarter of 2019 to the end of the 1st quarter of 2020.
The external loan debt mainly relates to non-financial corporations.
Contact
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Credit indicator
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Heidi Vegsund
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Eirin Ingvaldsen Brynestad
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Statistics Norway's Information Centre