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Stable growth in housing loans
statistikk
2014-12-12T10:00:00.000Z
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 2014

Figures in the article were corrected 5 March 2015.

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

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Stable growth in housing loans

The twelve-month growth in loans secured on dwellings from financial companies to households was 6.7 per cent to end-October. This is an increase of 0.2 percentage points from the previous month. Compared to October last year, the twelve-growth has declined by 0.3 percentage points.

Balance sheet. Selected figures. NOK million and per centPublished 12 December 2014
October 2013October 2014October 2013 - October 2014
Banks
Bank total assets4 130 8284 417 9997.0
Deposits2 786 5352 952 0235.9
Loans2 980 5723 220 1398.0
Mortgage companies
Bank total assets1 706 1511 859 0559
Loans1 490 4371 514 5961.6

Source: Statistics Norway

Figure 1. Financial corporations. Loans secured on dwellings to households

Loans secured on dwellings from Norwegian financial corporations to Norwegian households amounted to NOK 2 161 billion by the end of October, an increase of NOK 137 billion from October last year. A total of 84.3 per cent of households’ total loans from financial corporations were secured on dwellings at end-October this year.

Reduced growth in repayment loans secured on dwellings

Loans secured on dwellings consist of two types of loans: repayment loans and credit lines. At the end of October, the households housing loans from Norwegian financial corporations amounted to NOK 1 713 billion. The twelve-month growth was 9.0 per cent at end-October, an increase from 8.8 per cent at end-September.

Credit lines secured on dwellings from Norwegian banks and mortgage companies to households amounted to NOK 448 billion by the end of October 2014. The twelve-month growth was -0.9 per cent to end-October. From June 2013, the twelve-month growth rate in credit lines secured on dwellings to households has been negative.

Largest share of housing loans from mortgage companies

At the end of October, housing loans from mortgage companies to households amounted to NOK 1 089 billion, a share of 50.4 per cent of the total housing loans to households. The twelve-month growth in housing loans from mortgage companies was 2.1 per cent, a decrease from 2.2 per cent compared to the previous month.

Banks and state lending institutions consisted for the rest of the housing loans to households, with a share of 46.7 and 2.9 per cent, respectively. Housing loans from banks amounted to NOK 1010 billion at the end of October, an increase from NOK 994 billion the previous month. The twelve-month growth was 12.5 per cent, an increase from 12.0 per cent at end-September. Housing loans from state lending institutions amounted to NOK 62 billion at the end of October and the twelve month growth was 3.7 per cent.