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4499
Norwegian banks increase market funding
statistikk
2008-11-07T10:00:00.000Z
Banking and financial markets
en
orbofbm, Financial corporations, balance sheet, banks, mortgage companies, finance companies, state lending institutions, loans, deposits, financing, mortgages, bonds, commercial papers, shares, ownership interest, assets, liabilities, foreign banks, borrowers, balancesFinancial institutions and other financial corporations, Banking and financial markets
false

Financial corporations, balance sheet, September 2008

As from 2016 the statistics is published with Banks and mortgage companies.

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Norwegian banks increase market funding

Norwegian banks’ funding through bonds and the money market has never been at a higher level. Figures for September 2008 show that bond debt increased the most.

Despite the uncertainty and volatile money market interest rates the banks increase their funding through other sources than deposits. The levels of bond debt and inter-bank loans have never been higher than in September 2008. The debt growth (K2) is greater than the growth in deposits, which implies that other sources of funding must increase.

Banks. Different funding sources. September 2005-September 2008

Bond debt and inter-bank loans on the highest level ever

Norwegian banks’ total funding in bond debt is on its highest level ever. From August to September, the total bond debt increased by 5.7 per cent, which is the highest monthly growth since June 2006. The total banks’ bond debt has passed NOK 550 billion. The growth can be a result of increased interest rate which reduces the price of bonds. Another explanation can be that the trouble in the financial markets has made long-term funding more attractive. Banks’ bond debt consists of NOK 306 billions from abroad and NOK 244 billions in Norway. The largest part of the growth is in foreign funding.

From August to September the total interbank loans increased by 2.2 per cent. The growth this year has been 29 per cent. Banks’ total interbank loans reached NOK 733 billions at end-September 2008, which is the highest amount ever recorded. The inter-bank loans now constitute more than 25 per cent of Banks’ total funding. The domestic and foreign interbank loans increased by 2.8 and 2.2 per cent respectively. The interbank loans from abroad constitute the largest share. At end-September 2008 foreign interbank loans amounted to NOK 699 billion, an increase of 14 billion from August.

Banks. Different credit sources. Norwegian vs. Foreign sectors. August 2006-September 2008. NOK million
  Inter-bank loans from Norwegian banks Inter-bank loans from foreign banks Total inter-bank loans Norwegian short-term security loans Foreign short-term security loans Total short-term security loans Norwegian bond loans Foreign bond loans Total bond loans
August 2006 31 878  401 969  433 847 22 586 57 985 80 571  205 497  228 387  433 884
September 2006 32 466  406 935  439 401 23 311 74 140 97 451  204 264  243 284  447 548
October 2006 37 298  388 606  425 904 20 999 64 595 85 594  211 499  260 442  471 941
November 2006 38 877  371 445  410 322 22 055 58 769 80 824  218 892  268 520  487 412
December 2006 31 367  403 334  434 701 19 973 55 187 75 160  217 779  265 929  483 708
January 2007 37 067  433 399  470 466 18 173 58 573 76 746  217 928  274 185  492 113
February 2007 37 724  445 884  483 608 17 243 53 712 70 955  219 539  272 258  491 797
March 2007 39 905  512 774  552 679 22 174 53 378 75 552  205 142  290 818  495 960
April 2007 45 677  481 367  527 044 20 545 55 688 76 233  211 163  283 432  494 595
may 2007 56 340  477 306  533 646 20 459 60 873 81 332  204 205  294 476  498 681
June 2007 41 030  497 423  538 453 17 504 51 698 69 202  200 782  289 994  490 776
July 2007 42 046  474 539  516 585 18 129 43 931 62 060  212 919  269 087  482 006
August 2007 50 258  485 040  535 298 25 320 44 436 69 756  215 467  265 181  480 648
September 2007 46 592  519 521  566 113 35 540 51 289 86 829  218 782  250 239  469 021
October 2007 46 439  493 534  539 973 38 288 66 040  104 328  222 227  251 943  474 170
November 2007 56 085  524 719  580 804 42 050 70 736  112 786  223 593  260 580  484 173
December 2007 47 218  521 045  568 263 55 157 80 877  136 034  218 088  257 754  475 842
January 2008 65 227  562 099  627 326 54 297  102 257  156 554  228 213  255 607  483 820
February 2008 54 199  543 580  597 779 49 202  107 552  156 754  229 065  248 058  477 123
March 2008 60 999  543 810  604 809 47 797  104 119  151 916  228 073  260 610  488 683
April 2008 62 827  594 977  657 804 48 732  109 618  158 350  245 528  258 214  503 742
May 2008 58 282  604 769  663 051 45 947  101 783  147 730  244 517  263 579  508 096
June 2008 55 293  618 191  673 484 42 497 90 886  133 383  233 948  288 641  522 589
July 2008 59 288  647 164  706 452 46 135 73 790  119 925  234 288  284 249  518 537
August 2008 62 843  654 394  717 237 44 883 68 209  113 092  239 558  281 216  520 774
September 2008 64 607  668 642  733 249 44 629 71 394  116 023  244 115  306 238  550 353