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/en/bank-og-finansmarked/statistikker/k2/maaned
146304
Increased debt growth
statistikk
2014-03-31T10:00:00.000Z
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, February 2014

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Increased debt growth

The twelve-month growth in the credit indicator C2 was 5.8 per cent to end-February; a marginal increase from 5.7 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 31 March 2014
September 2013October 2013November 2013December 2013January 2014February 2014
1Annualised figure
12-month growth, total6.36.26.06.05.75.8
3-month moving average, total16.36.35.54.44.0..
12-month growth, households7.27.27.07.06.86.7
12-month growth, non-financial corporations4.23.93.93.83.23.8

Source: Statistics Norway

Figure 1. Credit indicator C2

The general public’s gross domestic debt C2 amounted to NOK 4 403 billion at end-February, up from NOK 4 386 billion at end-January.

Lower debt growth for households

Households’ gross domestic debt totalled NOK 2 573 billion at end-February, up from NOK 2 566 billion the previous month. The twelve-month growth was 6.7 per cent to end-February, down from 6.8 per cent the previous month.

Increase in debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 449 billion at end-February, up from NOK 1 442 billion at end-January. The twelve-month growth was 3.8 per cent to end-February, up from 3.2 per cent the month before.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 381 billion at end-February, up from NOK 378 billion at end-January. The twelve-month growth was 8.0 per cent to end-February, down from 8.5 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 2 093 billion. The twelve-month growth in bank loans was 3.7 per cent to end-February, up from 2.8 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 442 billion at end-February, marginally up from NOK 1 441 billion at end-January. The twelve-month growth in mortgage company loans was 4.1 per cent to end-February, down from 5.3 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 3.9 per cent to end-February, up from 3.8 compared to end-January.

Continued high activity in the bond market

The twelve-month growth rate in bond debt was 21.0 per cent to end-February, up from 20.5 per cent to end-January. The twelve-month growth rate in certificate debt was -6.2 per cent to end-February, down from -5.8 per cent the previous month.