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4629
The public still borrows more
statistikk
2008-06-13T10:00:00.000Z
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 2008

This statistics has been discontinued.

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The public still borrows more

Financial institutions’ lending to the public increased by 14.6 per cent to NOK 2 853 billion during the last 12 months. Of these, loans with mortgage on dwelling accounted for NOK 1 192 billion. The banks’ interest rate margin increased by 0.12 percentage points 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 12.6 per cent to NOK 2 126 billion during the last 12 months.

Higher interest margin

The difference between the banks' average interest rates on loans and the average deposit rates, the interest rate margin, increased by 0.12 percentage points to 2.25 per cent during the last 12 months.

Increased stock of securities

Investments in securities fell by 3.1 percent to NOK 1 268 billion during the first quarter of 2008. The value of investments in equities, units and primary capital certificates has decreased by 3.1 per cent, while investment in bonds has decreased by 2 per cent since the end of the first quarter of 2007. Moreover, investment in certificates has increased by 70 per cent during the same period. Bonds still have the largest share of the stock of securities by 62.4 per cent, while equities, units and primary capital certificates account for 31.8 per cent.

Increased total assets

Total assets for all financial institutions increased by 12.2 per cent to NOK 5 479 billion compared with the corresponding quarter last year. The total assets in banks’ increased by 13.4 per cent, while the total assets in insurance companies and finance companies increased by respectively 8.2 per cent and 27.9 per cent during the same period. Total assets indicate the size of the financial institutions. Thus, banks consolidate their position as the leading financial institutions in Norway, followed by insurance companies and finance companies.

Total assets and total lending to the public from financial institutions. 1st quarter 2007-1st quarter 2008. NOK billion
 
  1. qu. 2007 2. qu. 2007 3. qu. 2007 4. qu. 2007 1. qu. 2008
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 4 895 2 489 5 125 2 594 5 140 2 660 5 425 2 770 5 479 2 853
Norges Bank  392 1  428 1  381 1  423 1  361 1
Banks 2 820 1 887 2 955 1 973 2 975 2 024 3 121 2 078 3 197 2 126
State lending institutions  209  196  208  196  209  198  211  200  219  203
Finance companies  618  385  659  404  685  418  760  471  790  503
Insurance companies  856 20  874 20  890 20  911 21  912 22
 
 
 

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