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Stable, but high growth in housing loans
statistikk
2015-11-05T10:00:00.000Z
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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Statistics on growth in housing loans.

Financial corporations, balance sheet, September 2015

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

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Stable, but high growth in housing loans

The twelve-month growth in housing loans from financial corporations to households was 7.7 per cent to end-September; unchanged growth since end-July. Compared to end-September last year, the twelve-month growth has increased by 1.1 percentage points.

Balance sheet. Selected figures. NOK million and per centPublished 5 November 2015
September 2014September 2015September 2014 - September 2015
Banks
Bank total assets4 266 6744 884 43414.5
Deposits2 865 3123 300 07615.2
Loans3 128 6553 608 17115.3
Mortgage companies
Bank total assets1 808 7211 996 21910
Loans1 500 0231 573 1684.9

Source: Statistics Norway

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

Loans secured on dwellings from financial corporations to households amounted to NOK 2 309 billion at the end of September; an increase of NOK 165 billion from end-September last year. The twelve-month growth in housing loans has not been at this level since end-June 2013.

At end-September, total loans from financial corporations to households amounted to NOK 2 731 billion. A total of 85 per cent of these loans were secured on dwellings. The twelve-month growth in the remaining NOK 423 billion of the households’ loans was 5.4 per cent at the end of September. Other repayment loans, and overdrafts, working capital facilities and consumer credit constituted a share of 79 and 15 per cent respectively of the remaining loans.

Majority of loans are from banks and mortgage companies

The majority of loans to households are from banks and mortgage companies. These loans constituted a share of 90 per cent of total loans to households, and amounted to NOK 2 453 billion at the end of September.

State lending institutions and finance companies were the remaining lenders of the loans to households, with a share of 8 and 2 per cent respectively at the end of September.

How to find these numbers in STATBANKOpen and readClose

To find the numbers in this text, you have to combine the STATBANK tables 09562, 09563, 09564 and 10769; table 09560 can be helpful for finding the numbers for total loans. However, it should be noted that the specified level of the type of loan differs across the tables.