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168452
Steady growth in household deposits
statistikk
2014-11-14T10:00:00.000Z
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 2014

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

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Steady growth in household deposits

Total deposits from Norwegian households in Norwegian banks was NOK 1 003 billion at the end of September, an increase of NOK 76 billion compared to end-September the previous year.

Balance sheet. Selected figures. NOK million and per centPublished 14 November 2014
September 2013September 2014September 2013 - September 2014
Banks
Bank total assets4 057 8734 266 6745.1
Deposits2 732 4212 865 3124.9
Loans2 933 8893 128 6546.6
Mortgage companies
Bank total assets1 731 2991 808 7214
Loans1 494 4331 500 0230.4

Source: Statistics Norway

The twelve-month growth in household deposits was 8.2 per cent to end-September, down from 8.3 per cent to end-August. The twelve-month growth for household deposits has been stable at around 8 per cent in all periods since October 2013.

The employees have the largest share of the household deposits, which amounted to NOK 960 billion at the end of September. This is an increase of nearly NOK 71 billion, or 7.9 per cent, compared to end-September 2013.

The total deposits in Norwegian banks amounted to NOK 2 865 billion at the end of September. This is an increase of NOK 133 billion, or 4.9 per cent, compared to the same period the previous year. The largest depositors besides employees were banks and finance institutions abroad and private non-financial incorporated enterprises. Deposits from these two sectors amounted to NOK 758 billion and NOK 494 billion respectively.

The monthly volatility in deposits is relatively large. This is due to terms of payments of taxes and pay-out of holiday money.