Content
Published:
This is an archived release.
Increase in lending from financial institutions
The financial institutions’ lending increased by 4.8 per cent to NOK 3 962 billion during the last year. Of this, loans to the public accounted for NOK 3 308 billion. This is an increase of 5.1 percentage points compared to the same quarter last year.
The banks decreased their lending by 0.5 per cent to NOK 2 353 billion during the third quarter.
The finance and mortgage companies’ lending to the public (municipalities, non-financial corporations and households) increased by 21.2 per cent to NOK 1 060 billion in the last 12 months.
Increased interest margin
The difference between the banks' average interest rates on loans and the average deposit rates, the interest rate margin, increased by 0.01 percentage points compared to last quarter to 2.46 per cent.
Increased stock of securities
Investments in securities increased by 10.4 per cent to NOK 2 066 billion during the third quarter of 2010 compared to last year. The value of investments in equities, units and primary capital certificates increased by 17.6 per cent, while investments in bonds increased by 10.8 per cent compared to the third quarter last year. Bonds still have the largest share of the stock of securities by 63.4 per cent, while equities, units and primary capital certificates account for 25.5 per cent.
Increase in total assets
Total assets for all financial institutions increased by 5.2 per cent to NOK 6 848 billion compared with the corresponding quarter last year. The total assets in banks decreased by 0.8 per cent, while the total assets in insurance companies and finance companies increased by 8.2 per cent and 18.5 per cent respectively during the same period.
3. qu. 2009 | 4. qu. 2009 | 1. qu. 2010 | 2. qu. 2010 | 3. qu. 2010 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Assets | Lending | Assets | Lending | Assets | Lending | Assets | Lending | Assets | Lending | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | 6 509 | 3 150 | 6 551 | 3 163 | 6 700 | 3 213 | 7 052 | 3 285 | 6 847 | 3 308 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Norges Bank | 387 | 1 | 376 | 1 | 401 | 1 | 459 | 1 | 435 | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Banks | 3 683 | 2 017 | 3 698 | 1 993 | 3 643 | 1 920 | 3 837 | 1 939 | 3 654 | 1 973 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
State lending institutions | 232 | 217 | 235 | 220 | 241 | 226 | 241 | 227 | 242 | 228 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance companies | 1 251 | 875 | 1 269 | 907 | 1 406 | 1 022 | 1 490 | 1 071 | 1 482 | 1 060 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Insurance companies | 956 | 40 | 973 | 42 | 1 009 | 44 | 1 025 | 47 | 1 034 | 46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Ola Tveita
E-mail: ola.tveita@ssb.no
tel.: (+47) 99 73 45 83