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Declining loans to commodity trade
statistikk
2013-12-09T10:00:00.000Z
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 2013

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

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Declining loans to commodity trade

Loans to commodity trade etc. fell by 3.1 per cent from end-October last year to end-October this year. The growth in total industry loans increased by 0.2 per cent during the same period.

Balance sheet, selected figures. NOK million and per centPublished 9 December 2013
October 2012October 2013October 2012 - October 2013
Banks
Bank total assets4 022 2514 130 8112.7
Deposits2 671 9992 786 5354.3
Loans2 693 9982 980 56810.6
Mortgage companies
Bank total assets1 721 8791 706 151-1
Loans1 450 0781 490 4372.8

Source: Statistics Norway

Loans from banks, mortgage companies, state lending institutions and finance companies to the commodity trade industry amounted to nearly NOK 79 billion at the end of October. This is a decrease of NOK 1 billion compared to end-September this year, and a decrease of NOK 3 billion compared to end-October 2012. The commodity trade etc. accounted for 5.6 per cent of total industry loans at end-October.

Lower growth in loans to manufacturing industry

The twelve-month growth for loans to the manufacturing industry was 5.4 per cent to end-October, down from 6.4 per cent to end-September. The manufacturing industry loans amounted to nearly NOK 73 billion at end-October. This is unchanged compared to end-September, and up from NOK 69 billion at end-October last year. The manufacturing industry accounted for 5.2 per cent of total industry loans at the end of October 2013.

The industry that accounted for the largest share of loans at end-October, reaching 40.9 per cent, was real estate, renting and business activities. Loans to this industry amounted to NOK 573 billion at end-October, unchanged compared to the previous month. The twelve-month growth was 2.2 per cent at end-October, down from 2.6 per cent to end-September.

Stable total industry loans

The total industry loans from banks, mortgage companies, state lending institutions and finance companies amounted to NOK 1 400 billion at the end of October this year, unchanged compared to the previous month. Compared to end-October 2012 total industry loans have increased by NOK 2.4 billion, which corresponds to an increase of 0.2 per cent.

Banks accounted for 77.2 per cent of the total industry loans at end-October, while the mortgage companies accounted for a share of 12.8 per cent. The state lending institutions and the finance companies accounted for shares of 5.3 and 4.7 per cent respectively.

Changes in StatBank tablesOpen and readClose

The Norwegian institutional sector classification was revised on 1 January 2012 in line with the international classification. For this statistics the changes was implemented from March 2012, and causes break in the affected time series. The period between May 2009 and February 2012 follow previous sector classification, while periods from March 2012 follows the new sector classification.

StatBank tables are revised for all periods prior to March 2012. The changes mainly relate to the sector private non-financial unincorporated enterprises. This sector is now a part of non-financial corporations in the new standard, while in the prior standard it was part of the household sector.