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4673
Lending to the public are still increasing
statistikk
2002-12-05T10:00:00.000Z
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 2002

This statistics has been discontinued.

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Lending to the public are still increasing

Lending to the public from financial institutions increased by 8 per cent from the end of the 3r d quarter of 2001 to the end of the 3r d quarter of 2002. Deposits went up by 7 per cent in the corresponding period.

By the end of the 2n d quarter of 2002 the total lending to the public (municipalities, households and non-financial corporations) was NOK 1 550 billion, of wich NOK 724 billion were mortgage loans.

Deposits increased by 9 per cent compared with the 3r d quarter 2001. Comparing with the last quarter, deposits rose by 1 per cent. The increase in deposits from the 3r d quarter 2001 by NOK 75 billion does not equalize the growth of lending to the public by NOK 109 billion.

Total assets and total lending to the public from financial institutions.
3. quarter 2001-3. quarter 2002. Billion kroner
  3. qu. 2001 4. qu. 2001 1. qu. 2002 2. qu. 2002 3. qu. 2002
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
Total 3 433 1 441 3 486 1 480 3 627 1 497 3 559 1 528 3 618 1 550
Norges Bank  954 1  988 1 1 001 1  959 1  998 1
Banks 1 461 1 008 1 455 1 031 1 555 1 046 1 527 1 073 1 542 1 089
State lending institutions  189  175  190  176  195  181  194  181  196  184
Finance companies  338  232  340  247  346  245  357  249  359  252
Insurance companies  491 25  513 25  530 24  522 24  522 24

Steady interest margin

Norges Bank reports that the banks interest rate margin was 3.04 per cent at the end of the 3r 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 only 0.02 per cent lower than a year ago. The interest rates on loans at the end of the 3r d quarter of 2002 were 8.79 per cent, while they were 8.9 per cent at the end of the same period last year.

Increased total assets

Total assets for all financial institutions went up by 5 per cent compared with the corresponding quarter last year. Total assets for Norges Bank and the commercial and savings banks rose by 5 per cent compared to the corresponding quarter last year. Insurance companies experienced a growth of the total assets by 6 per cent compared with the 3r d quarter of 2001.