141177_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
141177
Decreased debt growth
statistikk
2014-03-03T10:00:00.000Z
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, January 2014

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Decreased debt growth

The twelve-month growth in the credit indicator C2 was 5.7 per cent to end-January 2014, a decline from 6.0 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 3 March 2014
August 2013September 2013October 2013November 2013December 2013January 2014
1Annualised figure
12-month growth, total6.26.36.26.06.05.7
3-month moving average, total16.16.36.35.54.4..
12-month growth, households7.27.27.27.07.06.8
12-month growth, non-financial corporations3.94.23.93.93.83.2

Source: Statistics Norway

Figure 1. Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 386 billion at end-January 2014, up from NOK 4 369 billion at end-December 2013.

Lower debt growth for households

Households’ gross domestic debt totalled NOK 2 566 billion at end-January, up from NOK 2 557 billion the previous month. The twelve-month growth was 6.8 per cent to end-January, down from 7.0 per cent the previous month.

Continued decrease in debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 442 billion at end-January, up from NOK 1 439 billion at end-December. The twelve-month growth was 3.2 per cent to end-January, down from 3.8 per cent the month before.

Unchanged debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 378 billion at end-January, up from NOK 373 billion at end-December. The twelve-month growth was 8.5 per cent to end-January, unchanged from 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-January. This amounted to NOK 2 088 billion. The twelve-month growth in bank loans was 2.8 per cent to end-January, down from 3.3 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 441 billion at end-January, up from NOK 1 434 billion at end-December. The twelve-month growth in mortgage company loans was 5.3 per cent to end-January, up from 5.0 per cent the previous month.

The growth rates are still affected by transfers of loans between banks and mortgage companies. The growth rate for loans from banks and mortgage companies in total was 4.0 per cent to end-January, unchanged compared to end-December.

Continued high activity in the bond market

The twelve-month growth rate in bond debt was 20.6 per cent to end-January, down from 25.5 per cent to end-December. The twelve-month growth rate in certificate debt was -6.1 per cent to end-January, up from -14.5 per cent the previous month.