The general public’s domestic loan debt amounted to NOK 6 419 billion at end-April, according to new figures from the Credit indicator statistics.
Increased debt growth in households
Households’ domestic loan debt totalled to NOK 3 856 billion at end-April. The twelve-month growth was 5.0 per cent to end-April, up from 4.8 per cent the previous month.
Increased debt growth in non-financial corporations
Non-financial corporations domestic loan debt amounted to NOK 1 950 billion at end-April. The twelve-month growth was 4.4 per cent to end-April, up from 4.3 per cent the previous month.
Increased 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 5 180 billion. The twelve-month growth in loans from banks and mortgage companies was 5.0 per cent to end-April, up from 4.7 per cent the previous month.
Decreased growth in debt securities
The twelve-month growth in the general public’s debt securities was still high but down from the previous month. The twelve-month growth was 15.1 per cent to end-April, down from 16.0 per cent the previous month.
Decreased growth in external loan debt in the 1st quarter of 2021
The general public’s total loan debt (C3) amounted to NOK 7 882 billion at the end of the 1st quarter of 2021. The external debt constitutes NOK 1 489 billion, down from 1 530 billion in the previous quarter.
The twelve-month growth in the general public’s external loan debt was negative to end-March. The twelve-month growth decreased from 2.9 per cent to ÷0.2 per cent from the end of the 4th quarter of 2020 to the end of the 1st quarter of 2021. The external loan debt mainly relates to non-financial corporations.