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90472
Increasing growth rate in housing loans
statistikk
2012-11-02T10:00:00.000Z
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
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Financial corporations, balance sheet, September 2012

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

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Increasing growth rate in housing loans

Over the past year, from end-September 2011 to end-September 2012, loans secured on dwellings from banks and mortgage companies to employees grew by 9.6 per cent.

Banks and mortgage companies. Total loans secured on dwellings to employees and twelve-month growth. January 2007-September 2012.

Total loans from Norwegian banks and mortgage companies to Norwegian employees amounted to NOK 1 716 billion at end-September 2012. This is an increase of NOK 150 billion from end-September 2011.

The twelve-month growth in total housing loans increased from 7.7 per cent to end-September 2011 to 9.6 per cent to end-September 2012.

Banks and mortgage companies. Loans secured on dwellings to employees by type of loan. May 2009-September 2012. Twelve-month growth

Banks and mortgage companies. Loans secured on dwellings to employees. Share of credit lines. January 2007-September 2012

Increased growth for repayment loans

Loans secured on dwellings can be divided into repayment loans and credit lines. Repayment loans from banks and mortgage companies to employees amounted to NOK 1 271 billion at the end of September 2012. This implies an increase of NOK 142 billion, or 12.5 per cent, compared to end-September 2011. This is the highest twelve-month growth since November 2005.

Credit lines secured on dwellings from banks and mortgage companies amounted to NOK 445 billion at end-September 2012, up nearly NOK 9 billion from end-September 2011. This implies a growth of 2.0 per cent over the past year.

Since the end of 2008, the share of credit lines to total housing loans from banks and mortgage companies to employees has fluctuated at around a quarter.

Banks and mortgage companies. Loans secured on dwellings to employees. January 2007-September 2012.

Mortgage companies leading in housing loans

Loans secured on dwellings from mortgage companies to Norwegian employees amounted to NOK 949 billion at end-September 2012. This is an increase of NOK 164 billion, or 20.8 per cent, compared to end-September 2011. The banks’ loans to employees amounted to NOK 767 billion at end-September 2012, down almost NOK 13 billion, or 1.7 per cent, compared to the same period last year.

The mortgage companies’ loans to employees surpassed the banks’ housing loans in September 2011. As a result, the mortgage companies’ share of total housing loans exceeded the banks’ share in the past twelve-month period. Transfers of loan portfolios from banks to mortgage companies have contributed to this trend.

Credit lines secured on dwellings

Credit lines secured on dwellings are loans secured on dwellings where a certain credit ceiling is issued, usually within 60-80 per cent of the value of the dwelling on which the loan is secured. There are no restrictions on how or what the credit is used for. Interest is only paid for the amount of credit the customer has used at the given time. Fixed rates are not available for this type of loan. Only banks and mortgage companies offer this type of loan. The securing of credit lines on dwellings was introduced in January 2006.