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/en/bank-og-finansmarked/statistikker/finansinst/kvartal
4625
Continued growth in lending to the public
statistikk
2008-12-09T10:00:00.000Z
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 2008

This statistics has been discontinued.

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Continued growth in lending to the public

The financial institutions’ lending to the public increased by 13.2 per cent to NOK 3 018 billion during the last 12 months. Loans with mortgage on dwelling accounted for NOK 1 194 billion. The banks’ interest rate margin increased by 0.02 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 6.2 per cent to NOK 2 150 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 0.02 percentage points to 2.21 per cent during the last 12 months. From the last quarter the interest rate margin fell by 0.16 percentage points.

Increased stock of securities

Investments in securities increased by 3.1 per cent to NOK 1 368 billion during the second quarter of 2008 compared to last year. The value of investments in equities, units and primary capital certificates has decreased by 8.2 per cent, while investment in bonds has increased by 14.8 per cent since the end of the second quarter of 2008. Bonds still have the largest share of the stock of securities by 66 per cent, while equities, units and primary capital certificates account for 31.2 per cent.

Increased total assets

Total assets for all financial institutions increased by 15.5 per cent to NOK 5 938 billion compared with the corresponding quarter last year. Furthermore, the total assets in banks increased by 15.0 per cent, while the total assets in insurance companies and finance companies increased by respectively 1.8 per cent and 44.5 per cent 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.
3rd quarter 2007-3rd quarter 2008. NOK billion
 
  3. quarter 2007 4. quarter 2007 1. quarter 2008 2. quarter 2008 3. quarter 2008
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 5 140     2 660     5 425     2 660     5 479     2 853     5 714     2 943     5 938     3 018
Norges Bank  381 1  423 1  361 1  382 1  385 1
Banks 2 975 2 024 3 121 2 078 3 197 2 126 3 340 2 169 3 436 2 150
State lending institutions  209  198  211  200  219  203  220  204  221  205
Finance companies  659  418  760  471  790  503  855  545  990  635
Insurance companies  890 20  911 21  912 22  918 25  907 27
 
 
 

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