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/en/bank-og-finansmarked/statistikker/orbofur/kvartal
54294
Minor increase in fixed interest share
statistikk
2011-11-23T10:00:00.000Z
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 2011

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Minor increase in fixed interest share

The share of fixed interest rate loans to Norwegian employees from banks and state lending institutions increased in the third quarter of 2011. The corresponding share in mortgage companies remained stable.

Banks, mortgage companies and state lending institutions. Share of fixed interest rate loans to Norwegian employees. Q1 2009-Q3 2011

Banks, mortgage companies and state lending institutions. Share of fixed interest rate loans to Norwegian employees. Q1 2009-Q3 2011

The share of loans with fixed interest from financial corporations to Norwegian employees increased from 6.0 per cent at the end of the 2nd quarter 2011 to 6.2 per cent at the end of the 3rd quarter of 2011. Hence, the share of fixed interest loans increased for the first time in two years. The share of loans with fixed interest from financial corporations to Norwegian employees was 7.4 and 6.7 per cent respectively in the 3rd quarter of 2009 and the 3rd quarter of 2010.

The share of loans with fixed interest from state lending institutions to Norwegian employees increased from 18.5 per cent at the end of the 2nd quarter of 2011 to 20.0 per cent at the end of the 3rd quarter of 2011. This is the highest share in the state lending institutions since the 3rd quarter of 2010. The share of loans with fixed interest from banks to Norwegian employees has remained stable over the last year, while the corresponding share in mortgage companies has declined by 0.6 percentage points.

Fixed interest loans to households from banks, mortgage companies and state lending institutions, by fixed interest period. Q1 2009-Q3 2011. Share of total loans. Per cent
Quarter Banks Mortgage companies state lending institutions 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 Less than
1 year 		1 to
5 years 		More than
5 years 		Total
31.03.2009    1.2    4.4    0.7      6.3    0.3    3.2    0.7    4.2    3.3      13.4    0.1      16.8    1.2      4.8    0.7    6.7
30.06.2009 1.4 4.6 0.7 6.6 0.3 3.4 0.8 4.5 3.2 17.0 0.2 20.4 1.2 5.2 0.7 7.1
30.09.2009 1.3 4.8 0.7 6.8 0.3 3.6 0.7 4.6 2.3 19.7 0.2 22.2 1.1 5.6 0.7 7.4
31.12.2009 1.3 4.8 0.7 6.8 0.3 3.6 0.7 4.6 2.9 19.4 0.2 22.5 1.1 5.6 0.7 7.3
31.03.2010 1.7 4.4 0.7 6.7 0.2 4.1 0.7 5.0 2.1 18.7 0.2 21.0 1.2 5.4 0.7 7.2
30.06.2010 1.4 4.1 0.6 6.2 0.3 4.0 0.7 4.9 2.3 16.4 0.2 18.9 1.0 5.0 0.6 6.7
30.09.2010 1.3 4.0 0.7 5.9 0.3 4.0 0.8 5.0 2.1 18.2 0.3 20.6 1.0 5.0 0.7 6.7
31.12.2010 1.3 3.8 0.7 5.7 0.3 3.9 0.8 5.0 3.8 15.2 0.3 19.4 1.1 4.6 0.7 6.4
31.03.2011 2.1 2.9 0.7 5.7 1.2 2.7 0.8 4.7 5.9 13.0 0.3 19.3 2.0 3.5 0.7 6.3
30.06.2011 2.1 2.7 0.7 5.5 1.2 2.5 0.7 4.4 7.2 11.0 0.3 18.5 2.1 3.2 0.7 6.0
30.09.2011 2.1 2.8 0.8 5.7 1.3 2.4 0.8 4.4 7.3 12.4 0.3 20.0 2.1 3.3 0.7 6.2

Fixed interest loans in Norway

Fixed interest rate 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. It may be that borrowers consider fixed interest more of a speculation than insurance. Another explanation for the low share of fixed interest may be that the Central bank’s projections for the key policy interest rate are clearly communicated.