4623_not-searchable
/en/bank-og-finansmarked/statistikker/finansinst/kvartal
4623
Decline in mortgages on dwellings
statistikk
2009-03-12T10:00:00.000Z
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 2008

This statistics has been discontinued.

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Decline in mortgages on dwellings

The financial institutions’ lending to the public increased by 12 per cent to NOK 3 109 billion during the last 12 months. Of these, mortgages on dwellings accounted for NOK 1 191 billion. This is a decline of 0.3 percentage points compared to the last quarter.

The growth in the overall lending from the financial institutions is mainly due to the high growth in the finance and mortgage companies. One reason is the transfer of loans from banks to mortgage companies and the establishment of new mortgage companies, as well as factors related to regulations concerning bonds with priority and the government’s actions aimed at the financial crisis. The finance and mortgage companies lending to the public (municipalities, non-financial corporations and households) increased by 46.2 per cent to NOK 697 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 0.4 percentage points to 2.66 per cent during the last 12 months. Since the last quarter, the interest rate margin has increased by 0.45 percentage points.

Increased stock of securities

Investments in securities increased by 25.5 per cent to NOK 1 561 billion during the forth quarter of 2008 compared to last year. The value of investments in equities, units and primary capital certificates has decreased by 20.7 per cent, while investments in bonds has increased by 35.7 per cent compared to the fourth quarter last year. Bonds still have the largest share of the stock of securities by 68.4 per cent, while equities, units and primary capital certificates account for 25.4 per cent.

Increased total assets

Total assets for all financial institutions increased by 23.1 per cent to NOK 6 674 billion compared with the corresponding quarter last year. The total assets in banks increased by 22.4 per cent, while the total assets in insurance companies and finance companies increased by 0.4 per cent and 51.1 per cent respectively during the same period. Total assets indicate the size of the financial institutions. Thus, banks consolidated 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 2007-
4th quarter 2008. NOK billion
 
  4. qu. 2007 1. qu. 2008 2. qu. 2008 3. qu. 2008 4. qu. 2008
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 5 425       2 660       5 479       2 853       5 714       2 943       5 938       3 018       6 674       3 109
Norges Bank  423 1  361 1  382 1  385 1  570 1
Banks 3 121 2 078 3 197 2 126 3 340 2 169 3 436 2 150 3 819 2 170
State lending institutions  211  200  219  203  220  204  221  205  223  209
Finance companies  760  471  790  503  855  545  990  635 1 150  698
Insurance companies  911 21  912 22  918 25  907 27  912 32
 
 
 

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