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Lower loan margins
statistikk
2016-03-02T10:00:00.000Z
Banking and financial markets
en
renter, Interest rates in banks and mortgage companies, interest rates, interest on loans, deposit rates, interest margins, banks, mortgage companies, state lending institutions, life insurance companies, Norwegian Public Service Pension FundFinancial institutions and other financial corporations, Banking and financial markets
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Interest rates in banks and mortgage companies, January 2016

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Lower loan margins

The interest rate on new mortgages to households increased by 0.02 percentage points, while the interest rate on outstanding mortgages and the interest rate on deposits were stable in January 2016. Banks’ loan margins continued to fall.

Banks and mortgage companies, interest rates to households1Published 2 March 2016
January 2016December 2015Monthly change
1Banks and mortgage companies in monthly sample
Interest rates, new loans
Total loans secured on dwellings to households2.552.530.02
Total loans secured on dwellings, floating interest rate2.552.540.01
Total loans secured on dwellings, fixed interest rate2.522.510.01
 
Interest rates, loans outstanding
Total loans secured on dwellings to households2.702.71-0.01
Total loans secured on dwellings, floating interest rate2.642.65-0.01
Total loans secured on dwellings, fixed interest rate3.263.28-0.02
 
Loan margins
Loan margins, new total loans secured on dwellings to households1.361.38-0.02
Loan margins, total outstanding loans secured on dwellings to households1.511.56-0.05

Source: Statistics Norway

In January 2016, the floating interest rate on new and outstanding households' mortgages from a sample of banks and mortgage companies was almost stable at 2.55 and 2.64 per cent respectively. In the same period, the fixed interest rate on new mortgages remained stable at 2.52 per cent, while the interest rate on outstanding mortgages fell by 0.02 percentage points to 3.26 per cent.

Lower interest rate margin on mortgages

The interest rate margin on new mortgages to households from a sample of banks and mortgage companies fell by 0.02 percentage points to 1.36 per cent in January 2016. NIBOR increased by 0.04 percentage points to 1.19 per cent in this period. The interest rate margin on outstanding mortgages to households fell by a 0.05 percentage points to 1.51 per cent. The interest rate margin on mortgages to households has fallen every month since July 2015, while the deposit margin has increased in the same period.

Increase in interest rates on outstanding loans to non-financial corporations

For new other repayment loans to non-financial corporations, the interest rate fell by 0.02 percentage points to 2.81 per cent in January 2016. However, the corresponding interest rate on other outstanding repayment loans increased by 0.04 percentage points to 3.19 per cent.

Stable deposit rates

After a significant fall in December 2015, the interest rate on total deposits from households and non-financial corporations was stable at 0.86 and 0.80 per cent respectively in January 2016.

Updated sampleOpen and readClose

The sample of banks and mortgage companies is updated in January every year. Total outstanding loans showed an increase on 0.02 percentage points, but corrected for changes in the sample, there is a decline of 0.01 percentage points. The interest rate on other repayment loans to households saw an increase of 0.44 percentage points in January, which is a fall of 0.08 percentage points when correcting for changes in the sample.