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/en/bank-og-finansmarked/statistikker/k2/maaned
93446
Increased debt growth
statistikk
2013-05-31T10:00:00.000Z
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, April 2013

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Increased debt growth

The twelve-month growth in the credit indicator C2 was 6.5 per cent to end-April, up from 6.2 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 31 May 2013
November 2012December 2012January 2013February 2013March 2013April 2013
1Annualised figure
12-month growth, total7.16.56.36.36.26.5
3-month moving average, total15.85.45.05.76.7..
12-month growth, households7.27.27.27.27.47.7
12-month growth, non-financial corporations6.55.04.44.23.94.2

Source: Statistics Norway

Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 186 billion at end-April, up from NOK 4 157 billion the previous month.

Increased debt growth for households

Households’ gross domestic debt totalled NOK 2 426 billion at end-April, up from NOK 2 409 billion the previous month. The twelve-month growth was 7.7 per cent to end-April, an increase from 7.4 per cent to end-March. The growth based on the three-month moving average (annualised) of the households’ gross debt was 7.3 per cent for the period February-April, marginally down from 7.4 per cent the previous three-month period.

Increased debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 402 billion at end-April, up from NOK 1 393 billion at end-March. The twelve-month growth was 4.2 per cent to end-April, up from 3.9 per cent the month before.

Increased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 358 billion at end-April, up from NOK 355 billion the month before. The twelve-month growth was 8.2 per cent to end-April, up from 7.4 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-April. This amounted to NOK 2 017 billion. The twelve-month growth in bank loans was 2.1 per cent to end-April, up from 1.6 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 394 billion at end-April, up from NOK 1 390 billion at end-March. The twelve-month growth in mortgage company loans was 8.2 per cent to end-April, down from 8.8 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 4.5 per cent to end-April, unchanged compared to the previous month.

High activity continues in the securities market

The twelve-month growth rate in bond debt was 27.1 per cent to end-April, up from 21.0 per cent to end-March. The twelve-month growth rate in certificate debt was 7.6 per cent to end-April, down from 12.6 per cent the previous month.