84554_not-searchable
/en/bank-og-finansmarked/statistikker/k2/arkiv
84554
Mild decrease in debt growth
statistikk
2012-10-01T10:00:00.000Z
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, August 2012

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Mild decrease in debt growth

The twelve-month growth in the credit indicator C2 was 6.8 per cent to end-August, down from 6.9 per cent the previous month.

The general public’s gross domestic debt C2 amounted to NOK 4 002 billion at end-August, up from NOK 3 994 billion the previous month.

Credit indicator C2. Percentage change

Steady debt growth for households

Households’ gross domestic debt totalled NOK 2 318 billion at end-August, up from NOK 2 307 billion the previous month. The twelve-month growth was 7.1 per cent to end-August, unchanged from the month before.

Reduced debt growth for non-financial enterprises

Non-financial enterprises’ gross domestic debt amounted to NOK 1 347 billion at end-August, down from NOK 1 352 billion at end-July. The twelve-month growth was 5.6 per cent to end-August, down from 6.1 per cent the month before. The growth based on the three-month moving average (annualised) of the non-financial gross debt was 2.8 per cent for the period June-August, down from 3 per cent the month before.

Increase in debt growth for municipalities

Municipalities’ gross domestic debt totalled NOK 337 billion at end-August, up from NOK 335 billion the month before. The twelve-month growth was 9.2 per cent to end-August, up from 8.5 per cent to end-July.

Credit indicator C2. Percentage change
  March 2012 April 2012 May 2012 June 2012 July 2012 August 2012
12 mth. total 7.0 6.7 6.7 7.1 6.9 6.8
3 mth. moving average tot.1 7.3 6.5 5.7 5.9 6.4  
12 mth. households 7.1 6.8 7.0 7.1 7.1 7.1
12 mth. non-financial enterprises 6.6 6.3 6.3 6.7 6.1 5.6
1  Annualised figure.

Growth rates are affected by portfolio shifts

Of the general public’s gross domestic debt, about half consisted of bank loans at end-August. Bank loans amounted to NOK 1 996 billion at end-August, down from NOK 2 004 billion the previous month. The twelve-month growth in bank loans was 0.7 per cent to end-August, down from 1.2 per cent to end-July. Mortgage companies’ loans amounted to NOK 1 328 billion at end-August, up from NOK 1 315 billion at end-July. The twelve-month growth in mortgage company loans was 17.1 per cent to end-August, up from 16.7 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 6.6 per cent to end-August, down from 6.8 per cent the previous month.

Increased growth in certificate debt

The twelve-month growth rate in certificate debt was 25.6 per cent to end-August, up from 18 per cent the previous month. The twelve-month growth rate in the bond debt was -0.2 per cent to end-August, down from 0.1 per cent to end-July.