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This is an archived release.
Share of fixed-interest loans continues to fall
The share of loans with a fixed-interest rate of total loans from banks, mortgage companies and state lending institutions to employees fell by 0.5 percentage points in the 2nd quarter 2014. This is the fifth successive quarter with a decline in the share of fixed-interest loans.
| 2nd quarter 2014 | 1st quarter 2014 | 4th quarter 2013 | 3rd quarter 2013 | 2nd quarter 2013 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 91.0 | 90.5 | 90.0 | 89.5 | 89.3 |
| Loans with a fixed interest rate | 9.0 | 9.6 | 10.0 | 10.5 | 10.7 |
| Less than 1 year | 2.4 | 2.5 | 2.2 | 1.7 | 1.8 |
| From 1 to 5 years | 5.0 | 5.5 | 6.0 | 6.9 | 7.2 |
| Over 5 years | 1.6 | 1.6 | 1.8 | 1.8 | 1.7 |
| Banks | |||||
| No fixed interest rate | 91.9 | 91.2 | 90.6 | 90.2 | 89.9 |
| Loans with a fixed interest rate | 8.1 | 8.8 | 9.4 | 9.8 | 10.1 |
| Less than 1 year | 2.9 | 3.1 | 3.1 | 2.9 | 2.8 |
| From 1 to 5 years | 4.1 | 4.5 | 5.2 | 5.7 | 6.0 |
| Over 5 years | 1.0 | 1.1 | 1.2 | 1.2 | 1.3 |
| Mortgage companies | |||||
| No fixed interest rate | 92.7 | 92.5 | 92.2 | 91.7 | 91.8 |
| Loans with a fixed interest rate | 7.3 | 7.5 | 7.8 | 8.3 | 8.2 |
| Less than 1 year | 1.6 | 1.4 | 1.2 | 0.6 | 0.7 |
| From 1 to 5 years | 4.3 | 4.8 | 5.1 | 6.1 | 6.0 |
| Over 5 years | 1.3 | 1.3 | 1.5 | 1.5 | 1.6 |
| State lending institutions | |||||
| No fixed interest rate | 75.0 | 73.7 | 72.1 | 70.3 | 68.8 |
| Loans with a fixed interest rate | 25.0 | 26.3 | 27.9 | 29.7 | 31.2 |
| Less than 1 year | 4.1 | 3.9 | 4.0 | 2.0 | 3.0 |
| From 1 to 5 years | 14.5 | 15.7 | 16.8 | 20.1 | 23.2 |
| Over 5 years | 6.4 | 6.7 | 7.1 | 7.6 | 5.0 |
The share of loans with a fixed-interest rate out of all loans to Norwegian employees was 9.0 per cent at the end of the 2nd quarter this year, down from 9.5 per cent at the end of the previous quarter. A share of 73 per cent of the fixed-interest loans had a remaining fixed-rate period of over 1 year, which is a decrease from 75 per cent in the previous quarter.
Reduced fixed-interest shares from all credit sources
The share of fixed-rate loans of total loans from banks to employees fell by 0.7 percentage points in the 2nd quarter this year, reaching 8.1 per cent at the end of the quarter. The same share from mortgage companies fell by 0.2 percentage points, to 7.3 per cent in the same period.
Of total loans from state lending institutions to employees, 25.0 per cent were loans with a fixed-interest rate at the end of the 2nd quarter. This is a decrease of 1.3 per cent compared to the previous quarter, and a decrease of 6.2 percentage points compared to the 2nd quarter last year.
Stable share of fixed-rate loans to non-financial corporations
The share of loans with a fixed-interest rate of total loans from banks, mortgage companies and state lending institutions to non-financial corporations was approximately unchanged at 22 per cent from the end of the 1st quarter to the end of the 2nd quarter this year. Eighty-five per cent of the non-financial corporations’ fixed-rate loans had 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