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/en/bank-og-finansmarked/statistikker/orbofur/kvartal
4899
Steady fixed interest share
statistikk
2010-11-24T10:00:00.000Z
Banking and financial markets
en
orbofur, Loans with fixed interest rates from banks and other financial corporations, lending, fixed-rate loan, fixed-rate periodFinancial institutions and other financial corporations, Banking and financial markets
false

Loans with fixed interest rates from banks and other financial corporations, Q3 2010

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Steady fixed interest share

The share of fixed interest rate loans to Norwegian employees from financial corporations remained unchanged in the 3rd quarter of 2010. The share fell in banks, remained almost unchanged in mortgage companies and increased in state lending institutions.

Banks. Share of fixed interest rate loans to employees. Q3 2008-Q3 2010

Banks, mortgage companies and state lending institutions. Share of fixed interest rate loans to Norwegian employees. Q1 2004-Q3 2010

The share of loans with fixed interest from financial corporations to Norwegian employees was 6.7 per cent at the end of the 3rd quarter of 2010. So far this year the share of fixed interest loans to employees has decreased by 0.7 percentage points.

The share of fixed interest loans from banks to employees decreased from 6.2 per cent at the end of the 2nd quarter to 5.9 per cent in the 3rd quarter. Loans with fixed interest in the interval 1-5 years amount to 2/3 of the fixed-rate loans.

The share of loans with fixed interest from mortgage companies to Norwegian employees was 5.0 per cent at the end of the 3rd quarter; an increase of 0.1 percentage points from the previous quarter.

Increased share of fixed interest loans in state lending institutions

From the 2nd quarter to the 3rd quarter of 2010 the share of fixed interest loans to employees increased from 18.9 to 20.6 per cent in state lending institutions. Despite the increase, this share is still considerably lower than 5-6 years ago.

The high share of fixed interest loans in state lending institutions compared to other financial institutions can be due to differences in the supply of loan portfolios. Many banks and mortgage companies offer credit lines and short-term repayment loans where it is not possible to fix the interest rate.

Fixed interest loans to employees from banks, mortgage companies and state lending institutions by fixed interest period. Share of total loans. Q2 2004-Q3 2010
Quarter Banks Mortgage companies state lending institutions Mean
Less than 1 year 1 to 5 years More than 5 years total Less than 1 year 1 to 5 years More than 5 years total Less than 1 year 1 to 5 years More than 5 years total Less than 1 year 1 to 5 years More than 5 years total
30.06.2004 1.43 8.82 0.58 10.83 4.04 19.49 1.17 24.70 4.14 35.14 0.00 39.29 1.85 12.41 0.52 14.79
30.09.2004 1.28 8.05 0.50 9.83 3.77 18.76 1.05 23.59 5.57 34.71 0.00 40.28 1.87 11.59 0.46 13.92
31.12.2004 1.46 7.40 0.47 9.33 5.69 12.46 3.59 21.75 4.51 32.84 0.00 37.34 1.95 10.54 0.52 13.00
31.03.2005 1.95 7.05 0.55 9.55 6.84 12.09 3.65 22.58 10.80 24.17 0.00 34.97 3.13 9.19 0.58 12.91
30.06.2005 2.78 5.68 0.50 8.96 4.11 10.54 4.45 19.11 11.80 22.98 0.00 34.78 3.82 7.75 0.58 12.14
30.09.2005 3.27 4.62 0.51 8.40 3.20 6.87 3.35 13.42 11.38 21.06 0.00 32.44 4.13 6.45 0.55 11.13
31.12.2005 2.98 4.23 0.60 7.81 7.91 9.06 2.28 19.24 10.56 21.31 0.00 31.87 3.85 6.08 0.57 10.50
31.03.2006 2.30 4.02 0.53 6.86 7.85 8.19 1.95 17.99 10.16 18.40 0.00 28.56 3.22 5.60 0.50 9.33
30.06.2006 1.56 3.75 0.55 5.86 3.56 8.26 1.96 13.78 3.55 18.14 0.00 21.69 1.80 5.27 0.52 7.59
30.09.2006 1.30 3.49 0.55 5.34 1.69 4.34 1.14 7.17 3.06 17.52 0.00 20.57 1.49 4.88 0.51 6.87
31.12.2006 1.39 2.97 0.65 5.00 1.33 4.56 1.25 7.15 2.50 16.34 0.00 18.83 1.49 4.29 0.60 6.38
31.03.2007 1.43 2.93 0.74 5.11 0.74 2.63 0.92 4.29 1.39 21.98 0.00 23.37 1.40 4.61 0.68 6.69
30.06.2007 1.40 2.68 0.77 4.84 1.13 2.00 0.91 4.04 1.47 21.75 0.00 23.21 1.39 4.28 0.71 6.38
30.09.2007 1.44 2.53 0.73 4.71 1.18 1.60 0.88 3.66 2.76 19.87 0.00 22.62 1.54 3.92 0.68 6.14
31.12.2007 1.33 2.64 0.72 4.69 0.82 1.08 0.59 2.50 6.96 14.70 0.00 21.65 1.75 3.50 0.65 5.90
31.03.2008 1.10 2.61 0.71 4.42 0.62 0.83 0.46 1.91 7.07 14.01 0.01 21.09 1.54 3.38 0.63 5.55
30.06.2008 0.93 2.71 0.71 4.35 0.32 0.80 0.33 1.45 7.89 12.94 0.04 20.87 1.41 3.30 0.61 5.33
30.09.2008 0.79 2.88 0.73 4.40 0.22 0.78 0.32 1.33 6.47 13.47 0.08 20.02 1.15 3.37 0.61 5.13
31.12.2008 0.94 2.69 0.60 4.23 0.40 1.35 0.57 2.33 3.61 13.01 0.10 16.71 1.05 3.24 0.56 4.84
31.03.2009 1.24 4.38 0.72 6.34 0.34 3.16 0.69 4.19 3.27 13.41 0.10 16.77 1.20 4.82 0.66 6.68
30.06.2009 1.36 4.57 0.70 6.63 0.31 3.40 0.77 4.49 3.21 17.02 0.16 20.38 1.23 5.24 0.68 7.15
30.09.2009 1.34 4.79 0.72 6.84 0.29 3.56 0.72 4.57 2.32 19.68 0.19 22.19 1.11 5.58 0.68 7.37
31.12.2009 1.27 4.76 0.72 6.76 0.26 3.64 0.73 4.63 2.89 19.39 0.21 22.49 1.09 5.55 0.69 7.33
31.03.2010 1.69 4.38 0.67 6.74 0.23 4.06 0.73 5.03 2.08 18.72 0.22 21.02 1.19 5.37 0.66 7.21
30.06.2010 1.42 4.13 0.64 6.18 0.25 3.96 0.74 4.95 2.29 16.41 0.22 18.92 1.04 4.99 0.64 6.67
30.09.2010 1.31 3.95 0.67 5.94 0.26 3.99 0.76 5.02 2.09 18.23 0.29 20.60 0.97 5.02 0.68 6.67

Fixed interest loans in Norway

Fixed interest rates on loans give predictability for interest costs, and can be regarded as an insurance against increasing interest rates. There are several possible reasons for the traditionally low share of loans with fixed interest in Norway. Among other factors, it could be that borrowers consider fixed interest more of a speculation than insurance. Another reason could be that the Central bank’s projections for the key policy interest rate are clearly communicated to the market.