4681_not-searchable
/en/bank-og-finansmarked/statistikker/finansinst/kvartal
4681
Diminishing lending growth
statistikk
2001-12-20T10:00:00.000Z
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), Q3 2001

This statistics has been discontinued.

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Diminishing lending growth

After a sharp increase in lending to the general public in 2000 and at the beginning of 2001, the rate is now declining. Lending has grown more than deposits, leading the banks to finance the lending growth in security market. However, the growth rate for deposits is higher than for lending in the third quarter 2001.

Deposits have increased by 23 per cent from last year. Growth in the dividend from the Government Petroleum Fund represents 60 per cent of this increase. Deposits in commercial banks went up by 10 per cent. Lending from banks rose by 9 per cent, whereas it went up by 11 per cent for financial institutions. This means the growth of deposits is higher than the lending growth.

Finance and mortgage companies had an upward effect at loans by 18 per cent compared with last year. Out of this, loans with mortgage on dwellings increased by 95 per cent. The commercial banks increased their loans with mortgage on dwellings by 11 per cent. Loans from insurance companies were at the same level as last year.

Lower interest margin

The interest margin fell by 0.12 percentage points to 3.03 per cent during the third quarter. The interest margin shall cover expenses from giving loans, expected losses from loans, and to give a competitive administration of the equity.

The lending rate fell by 0,03 percentage points from last quarter, to 8.9 per cent. Therefore, the increase in total loans cannot be explained by a lower interest rate. Growth in deposits reflects a weaker security market and a high deposit interest rate. The deposit rate has not been higher since the end of 1998.

Total assets grows

The total assets indicate the size of the financial institutions. It grew by 15 per cent from last year, to NOK 3 475 billion. About half of the increase is due to dividend from the Government Petroleum Fund.

Total assets and total lending to the public from financial institutions. 3.quarter 2000 -
3.quarter 2001. Billion kroner
  3. qu. 2000 4. qu. 2000 1. qu. 2001 2. qu. 2001 3. qu. 2001
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
Total    3 024 1 315    3 103 1 342    3 271 1 378    3 373 1 413    3 475 1 440
Central bank of Norway 705 1 809 1 840 1 898 1 954 1
Banks 1 365 924 1 353 938 1 437 963 1 449 988 1 506 1 008
State lending institutions       179 166 180 168 185 172 186 174 186 172
Finance companies 287 198 285 210 313 217 334 225 338 232
Insurance copmanies 487 25 477 25 496 26 505 27 491 27