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4677
Lending to the public increased
statistikk
2002-06-07T10:00:00.000Z
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), Q1 2002

This statistics has been discontinued.

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Lending to the public increased

Total lending to the public increased by 1 per cent in the first quarter 2002, and was at the end of this quarter 9 per cent larger than at the corresponding time last year. Some of this increase might be explained by a lower interest rate.

By the end of the 1s t quarter 2002 the total lending to the public (defined as municipalities, households and non-financial corporation), was NOK 1 497 billion.

Norges Bank reports that the banks' interest rate margin, defined as the difference between the weighted average interest rates on loans (in NOK) to and deposits from the public, fell from 3.07 per cent at the end of the 1s t quarter 2001 to 2.9 per cent at the end of the 1s t quarter 2002. The interest rates on loans at the end of the 1s t quarter 2002 were 8.32 per cent, whereas the rates were 8.92 per cent at the end of the same period last year.

Deposits increased somewhat more than loans from the end of the 1s t quarter 2001 to the end of the 1s t quarter 2002. In the corresponding period, financial institutions increased their net foreign liabilities by NOK 73 billion.

Total assets increased

Total assets for all financial institutions went up by 3 per cent during the 1s t quarter of 2002, and by 11 per cent from the end of 1s t quarter 2001 to the end of the 1s t quarter of 2002. Norges Bank had the highest growth, 19 per cent to NOK 1 001 billion. This was due to increased investments for the Government Petroleum Fund, which has grown by 47 per cent to NOK 625 billion.

After a reduction in the total assets in the last quarter of 2001, the banks increased their total assets by 5 per cent in the 1s t quarter of 2002, to NOK 1 555 billion.

Total assets and total lending to the public from financial institutions.
1. quarter 2001-1. quarter 2002. Billion kroner
  1. qu. 2001 2. qu. 2001 3. qu. 2001 4. qu. 2001 1. qu. 2002
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
Total 3 271 1 378 3 373 1 413 3 478 1 442 3 512 1 480 3 627 1 498
Central bank of Norway  840 1  898 1  954 1  988 1 1 001 1
Banks 1 437  963 1 449  988 1 506 1 008 1 481 1 031 1 555 1 046
State lending institutions  185  172  186  174  189  175  190  176  195  181
Finance companies  313  217  334  225  338  232  340  247  346  246
Insurance copmanies  496 26  505 27  491 26  513 25  530 24