4631_not-searchable
/en/bank-og-finansmarked/statistikker/finansinst/kvartal
4631
Continued growth in lending to the public
statistikk
2008-03-06T10:00:00.000Z
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), Q4 2007

This statistics has been discontinued.

Content

Published:

This is an archived release.

Go to latest release

Continued growth in lending to the public

Lending to the public by financial institutions increased by 14.4 per cent to NOK 2 770 billion during the last 12 months. Loans with mortgage on dwelling accounted for NOK 1 187 billion. Bank deposits from the public increased by 14.1 per cent to NOK 1 252 billion during the same period.

The strong growth in the overall lending from the financial institutions is mainly due to the high growth in the banks’ lending to the public (municipalities, non-financial corporations and households), which increased by 13.2 per cent to NOK 2 078 billion during the last 12 months. Furthermore, the quarterly growth rate in lending to the public was 2.6 percentage points at the end of fourth quarter.

Increased stock of securities

The value of investments in securities increased by 3.7 per cent to NOK 1 308 billion during the fourth quarter of 2007. However, the twelvemonth growth rate was 2 per cent at the end of the fourth quarter of 2007. The value of investments in equities, units and primary capital certificates has increased by 16.2 per cent, while the value of investments in bonds has been reduced by 6.9 cent since the end of the fourth quarter of 2006.

Moreover, the value of investments in certificates increased by 46.8 per cent during the same period. Bonds still have the largest share of the stock of securities by 60.3 per cent, while equities, units and primary capital certificates account for 34.7 per cent.

Increased total assets

Total assets for all financial institutions increased by 16.3 per cent to NOK 5 425 billion, compared with the corresponding quarter last year. Furthermore, the quarterly growth rate increased by 5.3 percentage points to 5.6 per cent during the fourth quarter of 2007. The total assets in banks increased by 4.9 per cent, while the total assets in insurance companies and finance companies increased by 2.3 per cent and 10.9 per cent respectively during the same period. Total assets indicate the size of the financial institutions. Banks maintain their position as the leading financial institution in Norway, followed by insurance companies and finance companies.

Total assets and total lending to the public from financial institutions. 4th quarter 2006-4th quarter 2007. NOK billion
 
  4. quarter 2006 1. quarter 2007 2. quarter 2007 3. quarter 2007 4. quarter 2007
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 4 672 2 420 4 895 2 489 5 125 2 594 5 140 2 660 5 425 2 770
Norges Bank  429 1  392 1  428 1  381 1  423 1
Banks 2 633 1 834 2 820 1 887 2 955 1 973 2 975 2 024 3 121 2 078
State lending institutions  204  194  209  196  208  196  209  198  211  200
Finance companies  586  371  618  385  659  404  685  418  760  471
Insurance companies  820 20  856 20  874 20  890 20  911 21
 
 
 

Tables

Published tables