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4621
Decline in lending from financial institutions
statistikk
2009-06-12T10:00:00.000Z
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), Q1 2009

This statistics has been discontinued.

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Decline in lending from financial institutions

The financial institutions’ lending decreased by 1.2 per cent to NOK 3 829 billion during the last 12 months. Of these, loans to the public accounted for NOK 3 123billion. This is an increase of 0.3 percentage points compared to last year.

The decline in total lending is mainly due to the banks. They have reduced their lending by 3.1 per cent to NOK 2 513 billion. One reason for the decline 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 50.1 per cent to NOK 754 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 0.14 percentage points to 2.38 per cent during the last 12 months. From the last quarter, the interest rate margin decreased by 0.29 percentage points.

Increased stock of securities

Investments in securities increased by 23.4 per cent to NOK 1 622 billion during the first quarter of 2009 compared to last year. The value of investments in equities, units and primary capital certificates has decreased by 15.5 per cent, while investment in bonds has increased by 35.5 per cent compared to the first quarter last year. Bonds still have the largest share of the stock of securities by 69.8 per cent, while equities, units and primary capital certificates account for 23.4 per cent.

Increased total assets

Total assets for all financial institutions increased by 19.7 per cent to NOK 6 559 billion compared with the corresponding quarter last year. The total assets in banks increased by 16.8 per cent, while the total assets in insurance companies and finance companies increased by 0.3 per cent and 46.8 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 finance companies and insurance companies.

Total assets and total lending to the public from financial institutions.
1st quarter 2008-1st quarter 2009. NOK billion
 
  1. qu. 2008 2. qu. 2008 3. qu. 2008 4. qu. 2008 1. qu. 2009
  Assets Lending Assets Lending Assets Lending Assets Lending Assets Lending
 
Total 5 479       2 856       5 714       2 943       5 938       3 018       6 680       3 112       6 559       3 123
Norges Bank  361 1  382 1  385 1  571 1  521 1
Banks 3 197 2 126 3 340 2 169 3 436 2 150 3 818 2 168 3 733 2 124
State lending institutions  219  203  220  204  221  205  223  209  230  213
Finance companies  790  502  855  545  990  635 1 155  703 1 160  754
Insurance companies  912 24  918 25  907 27  913 32  915 31
 
 
 

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