91722_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
91722
Rise in households’ debt growth
statistikk
2013-01-08T10:00:00.000Z
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, November 2012

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Rise in households’ debt growth

The twelve-month growth in the credit indicator C2 was 7.1 per cent to end-November, up from 6.9 per cent the previous month. The rise stems from increased debt growth for households and municipal government.

The general public’s gross domestic debt C2 amounted to NOK 4 093 billion at end-November, up from NOK 4 060 billion the previous month.

Households’ gross domestic debt totalled NOK 2 370 billion at end-November, up from NOK 2 350 billion the previous month. The twelve-month growth was 7.2 per cent to end-November, up from 7.1 per cent the month before.

Reduced debt growth for non-financial enterprises

Non-financial enterprises’ gross domestic debt amounted to NOK 1 380 billion at end-November, up from NOK 1 372 billion at end-October. The twelve-month growth was 6.4 per cent to end-November, down from 6.5 per cent the month before.

 

Credit indicator C2. Percentage change

 

Rise in debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 344 billion at end-November, up from NOK 338 billion the month before. The twelve-month growth was 8.6 per cent to end-November, up from 7.0 per cent to end-October.

 

Credit indicator C2. Percentage change
 
 June 2012July 2012August 2012September 2012October 2012November 2012
 
12 mth. total7.37.27.16.96.97.1
3 mth. moving average tot. 16.36.87.27.06.9 
12 mth. households7.17.27.17.07.17.2
12 mth. non-financial enterprises7.47.06.66.66.56.4
 
1  Annualised figure.

 

Growth rates affected by portfolio shifts

Of the general public’s gross domestic debt, about half consisted of bank loans at end-November. This amounted to NOK 2 015 billion. The twelve-month growth in bank loans was 1.5 per cent to end-November, up from 0.8 per cent to end-October. Mortgage companies’ loans amounted to NOK 1 352 billion at end-November, up from NOK 1 347 billion at end-October. The twelve-month growth in mortgage company loans was 12.3 per cent to end-November, down from 14.5 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 5.6 per cent to end-November, down from 5.9 per cent the previous month.

High activity in the securities market

The twelve-month growth rate in bond debt was 11.7 per cent to end-November, up from 5.8 per cent to end-October. The twelve-month growth rate in certificate debt was 37.2 per cent to end-November, up from 30.9 per cent the previous month.

 

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