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4683
Lending growth continues
statistikk
2001-09-17T10:00:00.000Z
Banking and financial markets
en
finansinst, Financial institutions (discontinued), banks, credit institutions, financial enterprises, Central Bank of Norway, state lending institutions, insurance companies, lending, financial instruments (for example shares, bonds, commerical papers)Financial institutions and other financial corporations, Banking and financial markets
false

Financial institutions (discontinued), Q2 2001

This statistics has been discontinued.

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Lending growth continues

The general public has increased their borrowing by 11 per cent in the second quarter of 2001 compared with second quarter last year, even though the lending rate went up by 1.08 percentage points.

In the second quarter of 2001 the Norwegian financial institutions' total lending to the general public increased by 3 per cent compared to the first quarter of 2001. Bank deposits have increased by 24 per cent, or 6 per cent compared with last quarter. One of the causes to the increase is the growth of the dividend from the Government Petroleum Fund.

Banks have increased their loan portfolios by 11 per cent last year, to approximately NOK 1 138 billion in the second quarter of 2001. Out of this portfolio, 87 per cent are loans to the general public, of which 57 per cent are mortgage loans.

Deposits growth is higher than lending growth

The lending growth for commercial banks of the 2 first quarters of 2001 is lower than in the same period last year. The 12 months increase at the end of June was 8.5 per cent in 2001, and 12.7 per cent in 2000. The deposit growth in the same period was 9.2 per cent in both 2000 and 2001.

A high interest rate

The lending rate went up by 0.01 percentage points in the second quarter of 2001. This means the average interest rate on loans at the end of June 2001 amounted to 8.9 per cent, which is 1.08 percentage points higher than one year before.

The deposit rate fell by 0.08 percentage points to 5.9 per cent, which is 1.3 percentage points higher than at the end of June 2000. This gives an increase in the banks interest margin for the second quarter by 0.01 percentage points, to 3.2 per cent. The banks interest margin is at the same level as one year ago.

Total assets continue to increase

Total assets are used to measure the size of the financial institutions. These assets grew by 3 per cent during the second quarter of 2001, and by 5 per cent during the first quarter. The sum of all total assets for financial institutions in the second quarter amounted to NOK 3 373 billion. Above half of the increase is caused by increased dividends from the Government Petroleum Fund.

Total assets and total lending to the public from financial institutions.
2.quarter 2000-2.quarter 2001. Billion kroner
  2. qu. 2000 3. qu. 2000 4. qu. 2000 1. qu. 2001 2. qu. 2001
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
Total 2 805 1 271 3 024 1 315 3 103 1 342 3 271 1 378 3 373 1 413
Central bank of Norway 584 1 705 1 809 1 840 1 898 1
Banks 1 289 887 1 365 924 1 353 938 1 437 963 1 149 988
State lending institutions 176 164 179 166 180 168 185 172 186 174
Finance companies 275 194 287 198 285 210 313 217 334 225
Insurance copmanies 480 25 487 25 477 25 496 26 505 26

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