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/en/bank-og-finansmarked/statistikker/finansinst/kvartal
4627
The public still borrows more
statistikk
2008-09-11T10:00:00.000Z
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 2008

This statistics has been discontinued.

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The public still borrows more

The financial institutions’ lending to the public increased by 12.2 per cent to NOK 2 941 billion during the last 12 months. Out of this, loans with mortgage on dwelling accounted for NOK 1 191 billion. The banks’ interest rate margin increased by 0.15 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 10.1 per cent to NOK 2 169 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 0.15 percentage points to 2.37 per cent during the last 12 months.

Increased stock of securities

Investments in securities increased by 3.1 percent, to NOK 1 368 billion, during the second quarter of 2008. The value of investments in equities, units and primary capital certificates has decreased by 4.4 per cent, while investment in bonds has increased by 7.2 per cent since the end of the second quarter of 2008. Moreover, investment in certificates has increased by 11.1 per cent during the same period. Bonds still have the largest share of the stock of securities by 61.6 per cent, while equities, units and primary capital certificates accounts for 34.4 per cent.

Increased total assets

Total assets for all financial institutions increased by 11.5 per cent to NOK 5 714 billion compared with the corresponding quarter last year. The total assets in banks increased by 13 per cent, while the total assets in insurance companies and finance companies increased by 5 per cent and 29.7 per cent respectively during the same period. Total assets indicate the size of the financial institutions. Thus, banks consolidate 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. 2nd quarter 2007-2nd quarter 2008. NOK billion
 
  2. qu. 2007 3. qu. 2007 4. qu. 2007 1. qu. 2008 2. qu. 2008
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total       5 125       2 594       5 140       2 660       5 425       2 660       5 479       2 853       5 714       2 941
Norges Bank  428 1  381 1  423 1  361 1  382 1
Banks 2 955 1 973 2 975 2 024 3 121 2 078 3 197 2 126 3 340 2 169
State lending institutions  208  196  209  198  211  200  219  203  220  204
Finance companies  659  404  685  418  760  471  790  503  855  545
Insurance companies  874 20  890 20  911 21  912 22  918 23
 
 
 

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