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4675
The public still borrow more
statistikk
2002-09-06T10:00:00.000Z
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 2002

This statistics has been discontinued.

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The public still borrow more

Lending to the public increased by 8 per cent from the end of the 2n d quarter of 2001 to the end of the 2n d quarter of 2002. Mortgage loans were 13 per cent higher than in the corresponding quarter last year.

Total assets and total lending to the public from financial institutions.
2. quarter 2001-2. quarter 2002. Billion kroner
  2. qu. 2001 3. qu. 2001 4. qu. 2001 1. qu. 2002 2. qu. 2002
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
Total 3 355   1 413   3 433   1 441   3 486   1 480   3 627   1 497   3 559   1 528
Central bank of Norway  898 1  954 1  988 1 1 001 1  959 1
Banks 1 431  988 1 461 1 008 1 455 1 031 1 555 1 046 1 527 1 073
State lending institutions  186  174  189  175  190  176  195  181  194  181
Finance companies  335  225  338  232  340  247  346  245  357  249
Insurance copmanies  505 27  491 25  513 25  530 24  522 24

By the end of the 2n d quarter of 2002 the total lending to the public - municipalities, households and non-financial corporation - was NOK 1 527 billion, of wich NOK 703 billion were mortgage loans.

Deposits increased by 9 per cent compared with the 2n d quarter of 2001, while it dropped by 6 per cent from last quarter. Both lending to the public and deposits increased by NOK 115 billion from the end of the 2n d quarter of 2001 to the end of the 2n d quarter of 2002.

Lower interest margin

Norges Bank reports that the banks interest rate margin was 3.06 per cent at the end of the 2n d quarter of 2002. The interest rate margin is defined as the difference between the weighted average interest rates on NOK loans to the public and weighted average interest rates on deposits from the public. The interest rate margin is 0.09 per cent lower than a year ago. The interest rates on loans at the end of the 2nd quarter of 2002 were 8,35 per cent, while they were 8.93 per cent at the end of the same period last year.

Reduced total assets

Total assets for all financial institutions fell by 2 per cent during the 2n d quarter of 2002, while they rose by 6 per cent compared with the corresponding quarter last year. Despite a reduction in the Government Petroleum Fund Investment last quarter, total assets for Norges Bank increased by 7 per cent compared to the 2n d quarter of 2001. Total assets for the banks rose by 7 per cent compared to the corresponding quarter last year, to NOK 1527 billion.