126360_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
126360
Moderate decreasing debt growth
statistikk
2013-12-02T10:00:00.000Z
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, October 2013

Content

Published:

This is an archived release.

Go to latest release

Moderate decreasing debt growth

The twelve-month growth in the credit indicator C2 was 6.2 per cent to end-October, marginally down from 6.3 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 2 December 2013
May 2013June 2013July 2013August 2013September 2013October 2013
1Annualised figure
12-month growth, total6.46.36.26.26.36.2
3-month moving average, total17.16.56.26.16.3..
12-month growth, households7.37.37.17.27.27.2
12-month growth, non-financial corporations4.34.24.13.94.23.9

Source: Statistics Norway

Figure 1. Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 323 billion at end-October, up from NOK 4 303 billion the previous month.

Unchanged debt growth for households

Households’ gross domestic debt totalled NOK 2 520 billion at end-October, up from NOK 2 502 billion the previous month. The twelve-month growth was 7.2 per cent to end-October, unchanged compared to end-September.

Decreasing debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 437 billion at end-October, marginally up from NOK 1 436 billion at end-September. The twelve-month growth was 3.9 per cent to end-October, down from 4.2 per cent the month before.

Increased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 367 billion at end-October, up from NOK 365 billion at end-September. The twelve-month growth was 8.6 per cent to end-October, up from 8.5 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-October. This amounted to NOK 2 071 billion. The twelve-month growth in bank loans was 2.9 per cent to end-October, down from 3.1 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 423 billion at end-October, up from NOK 1 420 billion at end-September. The twelve-month growth in mortgage company loans was 5.5 per cent to end-October, unchanged from the previous month.

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 4.0 per cent to end-October, unchanged compared to end-September.

High activity in the bond market

The twelve-month growth rate in bond debt was 29.3 per cent to end-October, down from 31.5 per cent to end-September. The twelve-month growth rate in certificate debt was -8.8 per cent to end-October, down from -6.1 per cent the previous month.