84550_not-searchable
/en/bank-og-finansmarked/statistikker/k2/arkiv
84550
Increase in debt growth
statistikk
2012-08-10T10:00:00.000Z
Banking and financial markets
en
k2, The credit indicator C2, general public’s gross domestic debt, credit expansion, credit transactions, liabilities, creditFinancial indicators, Banking and financial markets
false

The credit indicator C2, June 2012

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Increase in debt growth

The twelve-month growth in the credit indicator C2 was 7.1 per cent to end-June, up from 6.7 per cent the previous month.

The general public’s gross domestic debt C2 amounted to NOK 3 985 billion at end-June, up from NOK 3 957 billion the previous month.

Credit indicator C2. Percentage change

Unchanged debt growth for households

Households’ gross domestic debt totalled NOK 2 295 billion at end-June, up from NOK 2 277 billion the previous month. The twelve-month growth was 7.1 per cent to end-June, unchanged compared to end-May.

Increase in debt growth for non-financial enterprises

Non-financial enterprises’ gross domestic debt amounted to NOK 1 355 billion at end-June, up from NOK 1 348 billion at end-May. The twelve-month growth was 6.8 per cent to end-June, up from 6.0 per cent the month before. The increase in debt growth for non-financial enterprises stems mainly from an increase in bond and certificate debt in the same period. The growth based on the three-month moving average (annualised) of the non-financial gross debt was 3.2 per cent for the period April-June, down from 5.5 per cent for the previous three-month period.

Increase in debt growth for municipalities

Municipalities’ gross domestic debt totalled NOK 335 billion at end-June, up from NOK 332 billion the previous month. The twelve-month growth was 8.3 per cent to end-June, up from 6.7 per cent to end-May.

Credit indicator C2. Percentage change
  January 2012 February 2012 March 2012 April 2012 May 2012 June 2012
12 mth. total 6.9 7.0 7.0 6.7 6.7 7.1
3 mth. moving average tot1 7.0 7.8 7.3 6.5 5.7  
12 mth. households 7.3 7.3 7.1 6.8 7.1 7.1
12 mth. non-financial enterprises 5.8 6.4 6.7 6.4 6.0 6.8
1  Annualised figure.

Growth rates are affected by portfolio shifts

Of the general public’s gross domestic debt, 50.2 per cent consisted of bank loans. Bank loans amounted to NOK 1 999 billion at end-June, up from NOK 1 994 billion the previous month. The twelve-month growth in bank loans was 1.5 per cent to end-June, down from 1.6 per cent to end-May. Mortgage companies’ loans amounted to NOK 1 313 billion at end-June, up from NOK 1 300 billion at end-May. The twelve-month growth remained unchanged at 17.6 per cent to end-June. The growth rates are affected by transfers of loans from banks to mortgage companies. The growth rate for banks and mortgage companies in total was 7.3 per cent to end-June, down from 7.4 per cent the previous month.

Reduction in certificate debt growth

The twelve-month growth rate in certificate debt was 17.3 per cent to end-June, up from 1.7 per cent the previous month. The twelve-month growth rate in the bond debt was -0.9 per cent to end-June, up from -3.6 per cent to end-May.