Increased growth in domestic loan debt

Published:

The twelve-month growth in the credit indicator C2 was 5.8 per cent to the end of November 2017, up from 5.7 per cent the previous month.

The general public’s domestic loan debt amounted to NOK 5 437 billion at end-November, according to new figures from the Credit indicator statistics.

Figure 1. Credit indicator (C2)

Tolvmånedersvekst Tremåneders glidende gjennomsnitt
Nov. 2014 5.2 5.5
Des. 5.4 5.3
Jan. 5.6 5.2
Feb. 5.5 6.0
Mar. 5.8 6.5
Apr. 5.7 7.1
Mai 5.9 6.4
Jun. 5.8 5.7
Jul. 5.7 4.7
Aug. 5.8 4.6
Sep. 5.5 4.8
Okt. 5.6 4.7
Nov. 2015 5.2 4.6
Des. 5.4 4.1
Jan. 5.3 4.6
Feb. 5.2 4.9
Mar. 4.9 5.6
Apr. 5.1 5.6
Mai 4.8 5.6
Jun. 5.0 5.0
Jul. 5.0 4.9
Aug. 5.0 4.9
Sep. 5.1 5.3
Okt. 5.0 5.2
Nov. 2016 5.2 4.7
Des. 4.9 4.2
Jan. 5.1 4.3
Feb. 5.0 5.3
Mar. 5.2 5.9
Apr. 5.1 6.6
Mai 5.4 6.7
Jun. 5.7 6.9
Jul. 5.7 6.6
Aug. 5.6 6.1
Sep. 5.8 5.6
Okt. 5.7 5.4
Nov. 2017 5.8

Stronger debt growth in households

Households’ domestic loan debt totalled NOK 3 255 billion at end-November. The twelve-month growth was 6.4 per cent to end-November, up from 6.3 the month before.

Stronger debt growth for non-financial corporations

Non-financial corporations’ domestic loan debt amounted to NOK 1 704 billion at end-November. The twelve-month growth was 4.7 per cent to end-November, up from 4.6 per cent the previous month.

Stronger growth in loans from banks and mortgage companies

Of the general public’s domestic loan debt, 80 per cent consisted of loans from banks and mortgage companies at end-November. This amounted to NOK 4 356 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.8 per cent, up from 5.7 per cent the month before.

Stronger growth in bond debt

The twelve-month growth in the general public’s bond debt was 11.2 per cent to end-November, up from 8.8 per cent the previous month.

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Statistics