92445_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
92445
Unchanged debt growth
statistikk
2013-04-08T10:00:00.000Z
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, February 2013

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Unchanged debt growth

The twelve-month growth in the credit indicator C2 was 6.3 per cent to end-February 2013, unchanged from the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 8 April 2013
September 2012October 2012November 2012December 2012January 2013February 2013
1Annualised figure
12-month growth, total6.96.97.16.56.36.3
3-month moving average, total16.86.55.85.45.0..
12-month growth, households7.07.17.27.27.27.2
12-month growth, non-financial corporations6.76.66.55.04.44.2

Source: Statistics Norway

Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 135 billion at end-February, up from NOK 4 112 billion the previous month.

Unchanged debt growth for households

Households’ gross domestic debt totalled NOK 2 400 billion at end-February, up from NOK 2 389 billion the previous month. The twelve-month growth was 7.2 per cent to end-February and has remained stable since November 2012.

Reduced debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 382 billion at end-February, up from NOK 1 375 billion at end-January. The twelve-month growth was 4.2 per cent to end-February, down from 4.4 per cent the month before.

Increased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 353 billion at end-February, up from NOK 348 billion the month before. The twelve-month growth was 7.7 per cent to end-February, up from 7.5 per cent the previous month.

Growth rates affected by portfolio shifts

Of the general public’s gross domestic debt, nearly half consisted of bank loans at end-February. This amounted to NOK 1 996 billion. The twelve-month growth in bank loans was 0.9 per cent to end-February, unchanged compared to end-January. Mortgage companies’ loans amounted to NOK 1 384 billion at end-February, up from NOK 1 366 billion at end-January. The twelve-month growth in mortgage company loans was 10.4 per cent to end-February, down from 11.2 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 4.6 per cent to end-February, down from 4.8 per cent the previous month.

Still high activity in the securities market

The twelve-month growth rate in bond debt was 16.9 per cent to end-February, up from 14.3 per cent to end-January. The twelve-month growth rate in certificate debt was 16.4 per cent to end-February, up from 14.3 per cent the previous month.