Content
Published:
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 and mortgage companies to employees continued to fall in the 3rd quarter of 2014. This is the sixth successive quarter with a decline in the share of fixed interest loans.
| 3rd quarter 2014 | 2nd quarter 2014 | 1st quarter 2014 | 4th quarter 2013 | 3rd quarter 2013 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 91.3 | 91.0 | 90.5 | 90.0 | 89.5 |
| Loans with a fixed interest rate | 8.7 | 9.0 | 9.5 | 9.9 | 10.5 |
| Less than 1 year | 2.4 | 2.4 | 2.4 | 2.2 | 1.7 |
| From 1 to 5 years | 4.7 | 5.0 | 5.5 | 6.0 | 6.9 |
| Over 5 years | 1.5 | 1.6 | 1.6 | 1.8 | 1.8 |
| Banks | |||||
| No fixed interest rate | 92.1 | 91.9 | 91.2 | 90.6 | 90.2 |
| Loans with a fixed interest rate | 7.9 | 8.1 | 8.8 | 9.4 | 9.8 |
| Less than 1 year | 2.9 | 2.9 | 3.1 | 3.1 | 2.9 |
| From 1 to 5 years | 3.9 | 4.1 | 4.5 | 5.2 | 5.7 |
| Over 5 years | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 |
| Mortgage companies | |||||
| No fixed interest rate | 92.9 | 92.7 | 92.5 | 92.2 | 91.7 |
| Loans with a fixed interest rate | 7.1 | 7.3 | 7.5 | 7.8 | 8.3 |
| Less than 1 year | 1.7 | 1.6 | 1.4 | 1.2 | 0.6 |
| From 1 to 5 years | 4.1 | 4.3 | 4.8 | 5.1 | 6.1 |
| Over 5 years | 1.2 | 1.3 | 1.3 | 1.5 | 1.5 |
| State lending institutions | |||||
| No fixed interest rate | 76.4 | 75.0 | 73.7 | 72.1 | 70.3 |
| Loans with a fixed interest rate | 23.6 | 25.0 | 26.3 | 27.9 | 29.7 |
| Less than 1 year | 3.8 | 4.1 | 3.9 | 3.9 | 2.0 |
| From 1 to 5 years | 13.7 | 14.5 | 15.7 | 16.8 | 20.1 |
| Over 5 years | 6.1 | 6.4 | 6.7 | 7.1 | 7.6 |
The share of loans with a fixed-interest rate from banks and mortgage companies out of all loans to Norwegian employees fell by 0.2 percentage points to 7.5 per cent at the end of the 3rd quarter this year. A share of 69 per cent of the fixed-interest loans had a remaining fixed rate period of over 1 year; this is a decrease from 71 per cent in the previous quarter.
Changes in the statistics for fixed interest loans
From this quarter, a new table in Statbank (table 10648) based on a different source is also published, and from the first quarter of 2014 these statistics will be based only on this table. This table shows a fall in the share of fixed-rate loans of total loans from banks and mortgage companies to employees by 0.6 percentage points in the 3rd quarter this year, reaching 6.9 per cent at the end of the quarter. For loans with a mortgage, this share also fell by 0.6 percentage points, reaching 7.2 per cent at the end of the quarter.
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
-
Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42