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90474
Less funding from the money market
statistikk
2012-12-07T10:00:00.000Z
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
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Financial corporations, balance sheet, October 2012

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

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Less funding from the money market

Norwegian banks’ money market funding totalled NOK 1 401 billion at the end of October. This is a decrease of NOK 97 billion, or 6.5 per cent, compared to end-September.

Money market funding by loan source. October 2012

Banks. Sources of money market funding. January 2008-October 2012. NOK million

Norwegian banks finance their operations in the money market through different sources, such as inter-bank loans, bond loans, short-term security loans and F-loans from the Norwegian Central Bank. At the end of October, about 77 per cent of the funding stemmed from foreign sources. The Norwegian banks’ foreign money market funding amounted to NOK 1 083 billion at the end of October. This is a decrease of NOK 73 billion compared to the previous month. The remaining NOK 318 billion stemmed from domestic sources. Both foreign and domestic sources of funding were reduced from end-September to end-October.

Largest share of inter-bank loans

The major part, about 56.5 per cent, of the banks’ money market funding stems from inter-bank loans. At the end of October, total inter-bank loans amounted to NOK 792 billion. This is a decrease of NOK 72 billion from the previous month.

At the end of October, inter-bank loans from foreign banks amounted to NOK 752 billion; a decrease from NOK 809 billion at end-September. Foreign inter-bank loans constituted 54 per cent of the banks’ total money market funding. The share of foreign inter-bank loans as a part of the total money market funding has been above 50 per cent since May 2011. This share fluctuates from month to month, and is also affected by changes in foreign exchange rates.

Increased share of bond loans

At end-October, bond loans amounted to NOK 445 billion, which is a marginal decrease from NOK 447 billion the previous month. The Norwegian banks’ bond loans constituted 31.8 per cent of the total money market funding. The share of bond loans as a part of the total money market funding has been increasing since December 2011. At the end of October, domestic and foreign bond loans amounted to NOK 264 billion and NOK 181 billion respectively.

Decrease in foreign short-term security loans

At the end of October, short-term security loans constituted less than 12 per cent of the total money market funding. This equals NOK 164 billion and is a decrease of NOK 14 billion from the end of September. The major part of the short-term security loans stems from foreign lenders. The banks’ foreign short-term security debt amounted to NOK 150 billion at the end of October; a decrease from NOK 165 billion the previous month.

Increased customer deposits

In addition to money market funding, Norwegian banks finance their lending through customer deposits. Banks’ customer deposits amounted to NOK 1 806 billion at end-October. This is an increase of NOK 21 billion compared to the previous month.

Banks. Sources of money market funding. October 2011-October 2012. NOK million
  Inter-bank loans from Norwegian banks Inter-bank loans from foreign banks Norwegian short-term security loans Foreign short-term security loans Norwegian bond loans Foreign bond loans F-loans from the Norwegian central bank Total
2012                
October 39 928  752 182 13 887  149 767  263 705  181 478 0 1 400 947
September 54 668  809 467 12 707  164 882  264 448  182 341 9 718 1 498 232
August 70 565  759 576 13 567  182 942  266 848  179 773 0 1 473 271
July 65 674  763 276 14 335  186 003  260 849  185 038 0 1 475 174
June 52 879  797 796 15 452  176 827  256 852  185 266 2 859 1 487 930
May 53 992  761 242 14 774  176 560  254 739  189 606 47 759 1 498 671
April 65 210  765 521 14 223  163 451  254 551  186 648 9 100 1 458 704
March 47 016  803 980 14 262  176 121  255 101  173 667 0 1 470 148
Februar 75 117  755 332 16 594  144 720  254 083  167 569 5 950 1 419 366
January 60 734  800 767 17 579  154 888  257 339  178 745 22 024 1 492 076
2011                
December 44 179  860 820 15 889  118 433  256 871  166 786 24 345 1 487 322
November 70 176  761 381 15 589  122 010  251 305  170 838 22 022 1 413 321
October 54 112  718 672 13 436  111 233  247 591  173 970 22 022 1 341 037

Money market funding is defined by the sum of inter-bank loans, short-term security loans, bond loans and F-loans from the central bank.

F-loans from Norges Bank are a part of the liquidity supply to the banks. F-loans have collateral in securities and are given at a fixed interest rate and a fixed maturity.

Inter-bank loans are short-term loans between banks. It should be noted that a certain share of foreign inter-bank loans to Norwegian banks could originate from loans from a foreign parent company.

As a large part of the foreign money market funding is in foreign currency, changes in exchange rates may influence the figures.