84552_not-searchable
/en/bank-og-finansmarked/statistikker/k2/arkiv
84552
Decrease in debt growth
statistikk
2012-09-03T10:00:00.000Z
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, July 2012

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Decrease in debt growth

The twelve-month growth in the credit indicator C2 was 6.9 per cent to end-July, down from 7.1 per cent the previous month.

The general public’s gross domestic debt C2 amounted to NOK 3 994 billion at end-July, up from NOK 3 984 billion the previous month.

Increased debt growth for households

Households’ gross domestic debt totalled NOK 2 308 billion at end-July, up from NOK 2 295 billion the previous month. The twelve-month growth was 7.2 per cent to end-July, up from 7.1 per cent compared to end-June.

Reduced debt growth for non-financial enterprises

Non-financial enterprises’ gross domestic debt amounted to NOK 1 352 billion at end-July, down from NOK 1 354 billion at end-June. The twelve-month growth was 6.1 per cent to end-July, down from 6.7 per cent the month before. The growth based on the three-month moving average (annualised) of the non-financial gross debt was 3 per cent for the period May-July, unchanged from the previous three-month period.

Credit indicator C2. Percentage change

Increase in debt growth for municipalities

Municipalities’ gross domestic debt totalled NOK 335 billion at end-July, unchanged from the previous month. The twelve-month growth was 8.5 per cent to end-July, up from 8.3 per cent to end-June.

Credit indicator C2. Percentage change
  February 2012 March 2012 April 2012 May 2012 June 2012 July 2012
12 mth. total 7.0 7.0 6.7 6.7 7.1 6.9
3 mth. moving average tot.1 7.8 7.3 6.5 5.7 5.9  
12 mth. households 7.3 7.1 6.8 7.1 7.1 7.2
12 mth. non-financial enterprises 6.4 6.7 6.3 6.0 6.7 6.1
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 at end-July. Bank loans amounted to NOK 2 004 billion at end-July, up from NOK 1 999 billion the previous month. The twelve-month growth in bank loans was 1.2 per cent to end-July, down from 1.5 per cent to end-June. Mortgage companies’ loans amounted to NOK 1 315 billion at end-July, up from NOK 1 313 billion at end-June. The twelve-month growth was 16.7 per cent to end-July, down from 17.6 per cent the month before. 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 6.8 per cent to end-July, down from 7.3 per cent the previous month.

Increased growth in certificate and bond debt

The twelve-month growth rate in certificate debt was 18 per cent to end-July, up from 17.3 per cent the previous month. The twelve-month growth rate in the bond debt was 0.1 per cent to end-July, up from -1.5 per cent to end-June.