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Published:
This is an archived release.
Lower share of fixed interest rate loans
The share of total loans with a fixed interest rate from banks, mortgage companies and state lending institutions to employees fell by 0.3 percentage points in the 2nd quarter this year. The share was still high, and 1.0 percentage point higher compared to the 2nd quarter last year.
| 2nd quarter 2013 | 1st quarter 2013 | 4th quarter 2012 | 3rd quarter 2012 | 2nd quarter 2012 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 89.3 | 89.0 | 89.3 | 89.9 | 90.2 |
| Loans with a fixed interest rate | 10.7 | 11.0 | 10.7 | 10.1 | 9.8 |
| Less than 1 year | 1.8 | 1.9 | 0.8 | 0.8 | 0.9 |
| From 1 to 5 years | 7.2 | 7.4 | 8.3 | 7.6 | 7.4 |
| Over 5 years | 1.7 | 1.7 | 1.7 | 1.8 | 1.4 |
| Banks | |||||
| No fixed interest rate | 89.9 | 89.5 | 89.9 | 90.5 | 91.1 |
| Loans with a fixed interest rate | 10.1 | 10.5 | 10.1 | 9.5 | 8.9 |
| Less than 1 year | 2.8 | 3.0 | 0.9 | 1.1 | 1.0 |
| From 1 to 5 years | 6.0 | 6.2 | 7.9 | 6.8 | 6.9 |
| Over 5 years | 1.3 | 1.3 | 1.2 | 1.6 | 1.0 |
| Mortgage companies | |||||
| No fixed interest rate | 91.8 | 91.7 | 91.9 | 92.7 | 92.8 |
| Loans with a fixed interest rate | 8.2 | 8.3 | 8.1 | 7.3 | 7.2 |
| Less than 1 year | 0.7 | 0.7 | 0.4 | 0.3 | 0.4 |
| From 1 to 5 years | 6.0 | 6.1 | 6.1 | 5.5 | 5.4 |
| Over 5 years | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 |
| State lending institutions | |||||
| No fixed interest rate | 68.8 | 68.1 | 67.6 | 66.8 | 68.2 |
| Loans with a fixed interest rate | 31.2 | 31.9 | 32.4 | 33.2 | 31.8 |
| Less than 1 year | 3.0 | 2.8 | 2.1 | 2.2 | 3.6 |
| From 1 to 5 years | 23.2 | 24.0 | 25.1 | 25.8 | 24.3 |
| Over 5 years | 5.0 | 5.1 | 5.1 | 5.1 | 3.9 |
The share of total loans with a fixed interest rate to Norwegian employees was 10.7 per cent at the end of the 2nd quarter, down from 11.0 per cent at the end of the previous quarter. By the end of the 2nd quarter last year, the share of fixed-rate loans was 9.8 per cent.
Reduced shares from all credit sources
The share of total fixed-rate loans from banks to employees fell by 0.4 percentage points in the 2nd quarter this year, reaching 10.1 at the end of the quarter. The corresponding share from mortgage companies was approximately unchanged at 8.2 per cent in the same period.
Of total loans from state lending institutions, 31.2 per cent were loans with a fixed interest rate at the end of the 2nd quarter. This is a decrease of 0.7 percentage points compared to the previous quarter.
Stable share of fixed-rate loans for non-financial corporations
The share of total loans with a fixed interest rate from banks, mortgage companies and state lending institutions to non-financial corporations marginally increased by 0.1 percentage point in the 2nd quarter, to 22.8 per cent at the end of the quarter. Over 80 per cent of the non-financial corporations’ fixed-rate loans have a remaining fixed-rate period of less than 1 year.
The statistics is now published as Interest rates in banks and mortgage companies.
Additional information
This statistics show loans broken down by the remaining fixed interest rate period. The fixed interest rate period is measured as the time from the end of the reported period to the next interest rate regulation. Differences between figures in the text and the tables due to rounding off may occur.
Contact
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Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42