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Published:
This is an archived release.
Lower share of fixed interest rate loans
Of total loans from banks, mortgage companies and state lending institutions to employees, the share of loans with a fixed interest rate fell by 0.2 percentage points in the 3rd quarter this year. Compared to the 3rd quarter last year, the share has increased by 0.4 percentage points.
| 3rd quarter 2013 | 2nd quarter 2013 | 1st quarter 2013 | 4th quarter 2012 | 3rd quarter 2012 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 89.5 | 89.3 | 89.0 | 89.3 | 89.9 |
| Loans with a fixed interest rate | 10.5 | 10.7 | 11.0 | 10.7 | 10.1 |
| Less than 1 year | 1.5 | 1.8 | 1.9 | 0.8 | 0.8 |
| From 1 to 5 years | 7.3 | 7.2 | 7.4 | 8.3 | 7.6 |
| Over 5 years | 1.6 | 1.7 | 1.7 | 1.7 | 1.8 |
| Banks | |||||
| No fixed interest rate | 90.2 | 89.9 | 89.4 | 89.9 | 90.5 |
| Loans with a fixed interest rate | 9.8 | 10.1 | 10.6 | 10.1 | 9.5 |
| Less than 1 year | 2.9 | 2.8 | 3.0 | 0.9 | 1.1 |
| From 1 to 5 years | 5.7 | 6.0 | 6.2 | 7.9 | 6.8 |
| Over 5 years | 1.2 | 1.3 | 1.3 | 1.2 | 1.6 |
| Mortgage companies | |||||
| No fixed interest rate | 91.7 | 91.8 | 91.7 | 91.9 | 92.7 |
| Loans with a fixed interest rate | 8.3 | 8.2 | 8.3 | 8.1 | 7.3 |
| Less than 1 year | 0.2 | 0.7 | 0.7 | 0.4 | 0.3 |
| From 1 to 5 years | 6.6 | 6.0 | 6.1 | 6.1 | 5.5 |
| Over 5 years | 1.5 | 1.6 | 1.6 | 1.6 | 1.5 |
| State lending institutions | |||||
| No fixed interest rate | 70.3 | 68.8 | 68.1 | 67.6 | 66.8 |
| Loans with a fixed interest rate | 29.7 | 31.2 | 31.9 | 32.4 | 33.2 |
| Less than 1 year | 2.0 | 3.0 | 2.8 | 2.1 | 2.2 |
| From 1 to 5 years | 22.8 | 23.2 | 24.0 | 25.1 | 25.8 |
| Over 5 years | 4.9 | 5.0 | 5.1 | 5.1 | 5.1 |
The share of loans with a fixed interest rate of total loans to Norwegian employees was 10.5 per cent at the end of the 3rd quarter, down from 10.7 per cent at the end of the previous quarter. At the end of the 3rd quarter last year, the share of fixed-rate loans was 10.1 per cent.
Reduced shares from the credit sources
The share of fixed-rate loans of total loans from banks to employees fell by 0.3 percentage points in the 3rd quarter this year, reaching 9.8 at the end of the quarter. The same share from mortgage companies was approximately unchanged at 8.3 per cent in the same period.
Of total loans from state lending institutions, 29.7 per cent were loans with a fixed interest rate at the end of the 3rd quarter. This is a decrease of 1.5 percentage points compared to the previous quarter.
Stable share of fixed-rate loans for non-financial corporations
Of total loans from banks, mortgage companies and state lending institutions to non-financial corporations, the share of loans with a fixed interest rate increased by 0.2 percentage points in the 3rd quarter, to 23.0 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