Increased growth in domestic loan debt
Published:
The twelve-month growth in the credit indicator C2 was 6.3 per cent to the end of December 2017, up from 5.8 per cent the previous month. The growth is mainly due to an increase in loan debt in non-financial corporations.
- Full set of figures
- Credit indicator
- Series archive
- Credit indicator (archive)
The general public’s domestic loan debt amounted to NOK 5 462 billion at end-December, according to new figures from the Credit indicator statistics.
Figure 1. Credit indicator (C2)
| 12-month growth | 3-month moving average | |
| Dec. 2014 | 5.4 | 5.3 |
| Jan. 2015 | 5.6 | 5.2 |
| Feb. 2015 | 5.5 | 6.0 |
| Mar. 2015 | 5.8 | 6.5 |
| Apr. 2015 | 5.7 | 7.1 |
| May 2015 | 5.9 | 6.4 |
| Jun. 2015 | 5.8 | 5.7 |
| Jul. 2015 | 5.7 | 4.7 |
| Aug. 2015 | 5.8 | 4.6 |
| Sep. 2015 | 5.5 | 4.8 |
| Oct. 2015 | 5.6 | 4.7 |
| Nov. 2015 | 5.2 | 4.6 |
| Dec. 2015 | 5.4 | 4.1 |
| Jan. 2016 | 5.3 | 4.6 |
| Feb. 2016 | 5.2 | 4.9 |
| Mar. 2016 | 4.9 | 5.6 |
| Apr. 2016 | 5.1 | 5.6 |
| May 2016 | 4.8 | 5.6 |
| Jun. 2016 | 5.0 | 5.0 |
| Jul. 2016 | 5.0 | 4.9 |
| Aug. 2016 | 5.0 | 4.9 |
| Sep. 2016 | 5.1 | 5.3 |
| Oct. 2016 | 5.0 | 5.2 |
| Nov. 2016 | 5.2 | 4.7 |
| Dec. 2016 | 4.9 | 4.2 |
| Jan. 2017 | 5.1 | 4.3 |
| Feb. 2017 | 5.0 | 5.3 |
| Mar. 2017 | 5.2 | 5.9 |
| Apr. 2017 | 5.1 | 6.6 |
| May 2017 | 5.4 | 6.7 |
| Jun. 2017 | 5.7 | 6.9 |
| Jul. 2017 | 5.7 | 6.6 |
| Aug. 2017 | 5.6 | 6.1 |
| Sep. 2017 | 5.8 | 5.6 |
| Okt. 2017 | 5.7 | 5.4 |
| Nov. 2017 | 5.8 | 5.6 |
| Dec. 2017 | 6.3 |
Stronger debt growth in households
Households’ domestic loan debt totalled NOK 3 263 billion at end-December. The twelve-month growth was 6.5 per cent to end-December, up from 6.4 per cent the month before.
Stronger debt growth for non-financial corporations
Non-financial corporations’ domestic loan debt amounted to NOK 1 720 billion at end-December. The twelve-month growth was 6.4 per cent to end-December, up from 4.7 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-December. This amounted to NOK 4 377 billion. The twelve-month growth in banks and mortgage companies’ loans was 6.6 per cent, up from 5.8 per cent the month before.
Stronger growth in bond debt
The twelve-month growth in the general public’s bond debt was 11.3 per cent to end-December, up from 11.2 per cent the previous month.
Contact
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Credit indicator
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Anne Karin Linderud Haugen
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Eirin Ingvaldsen Brynestad
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Katharina Østensen
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Statistics Norway's Information Centre