282367
/en/bank-og-finansmarked/statistikker/banker/kvartalsresultat
282367
statistikk
2017-08-16T08:00:00.000Z
Banking and financial markets
en
banker, Banks and mortgage companies, finance companies, state lending institutions, loans, deposits, financing, mortgages, bonds, commercial papers, shares, ownership interest, assets, liabilities, foreign banks, borrowersFinancial institutions and other financial corporations, Banking and financial markets
true

Banks and mortgage companies

Updated

Next update

Main figures. NOK million1
June 2016June 2017Percentage change
1Net interest income and pre-tax profit are accumulated figures since beginning of the year.
Banks
Total assets4 909 4765 004 9311.9
Net interest income34 42337 5038.9
Pre-tax profit26 83628 3895.8
Mortgage companies
Total assets2 039 6312 106 3593.3
Net interest income7 5198 0587.2
Pre-tax profit3 3782 935-13.1

See more tables on this subject

Table 1 
Banks, quarterly profit and loss accounts. NOK million (cumulative)

Banks, quarterly profit and loss accounts. NOK million (cumulative)
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total interest income and similar income56 34384 425113 72929 24761 324
Interest etc. income on loans and demands on customers and credit institutions49 94375 745101 53026 06152 610
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities4 8456 8199 9612 5654 996
Other interest income1 5551 8612 2386213 718
 
Total interest expenses and similar expenses21 92031 99643 29610 78423 821
Interest and similar expenses on deposits from and debt to customers and credit institutions13 71020 20127 3486 86313 945
Interest and similar expenses on issued capital6 0929 06612 0962 8575 663
Other interest expenses2 1192 7303 8521 0654 213
 
Net interest income34 42352 42970 43218 46337 503
 
Net commission income8 42612 65916 9684 3248 961
Commission income11 14216 72522 4465 78511 839
Commission costs2 7174 0675 4781 4602 879
 
Total net changes in value and gain/loss on securities and currency1 9544 5417 0661 9562 825
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities2 0791 525-1 271492693
Net changes in value and gain/loss on shares and other securities with variable return-263480978161-271
Net changes in value and gain/loss on currency1 4852 9474 535630802
Net changes in value and gain/loss on other financial assets and liabilities-1 347-4112 8236731 600
 
Total other operating income10 74412 23117 9231 7876 303
Income from shares and other securities with variable return1 6701 8823 7551341 378
Income fromownership interest in associated companies and group companies4 3094 2916 5655882 505
Other operating income (incl. gain on sale on real property)4 7646 0577 6031 0652 421
 
Total administration expenses18 21326 71935 6969 39419 030
Wages and other personnel expenses11 55216 77421 8735 82511 753
Other administration costs6 6619 94513 8233 5697 276
 
Total other operating costs4 8806 5319 3292 2604 790
Depreciation and write-down1 5052 1242 9526441 304
Other operating costs (incl. losses on sale on real property)3 3764 4076 3771 6163 486
 
Pre-loss profit32 45348 60967 36414 87531 771
 
Losses on loans and guarantees etc.5 6179 35913 0081 3583 382
Loss on loans5 4268 86112 1859701 913
Loss on guarantees (incl. credit losses on securities)1914988233881 469
 
Pre-tax profit26 83639 25054 35713 51728 389
Other profit components-25-31038
Taxes on ordinary profit5 3508 36611 3653 0096 166
 
Profit and loss at end of period21 46130 85342 99210 51022 231

Table 2 
Finance companies, quarterly profit and loss accounts. NOK million (cumulative)

Finance companies, quarterly profit and loss accounts. NOK million (cumulative)
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total interest income and similar income5 1467 78210 5262 6275 480
Interest etc. income on loans and demands on customers and credit institutions5 1457 78010 5242 6275 479
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities01000
Other interest income11201
 
Total interest expenses and similar expenses1 2341 8912 6156711 435
Interest and similar expenses on deposits from and debt to customers and credit institutions1 1321 7362 4046181 313
Interest and similar expenses on issued capital3658781854
Other interest expenses66971333468
 
Net interest income3 9125 8917 9111 9564 045
 
Net commission income24336545266179
Commission income1 5522 4403 1556681 463
Commission costs1 3102 0762 7036021 284
 
Total net changes in value and gain/loss on securities and currency2025605-12
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities00000
Net changes in value and gain/loss on shares and other securities with variable return..........
Net changes in value and gain/loss on currency1617262-16
Net changes in value and gain/loss on other financial assets and liabilities383435
 
Total other operating income235354530125243
Income from shares and other securities with variable return111....
Income fromownership interest in associated companies and group companies11100
Other operating income (incl. gain on sale on real property)234352528125243
 
Total administration expenses1 1751 7712 4576431 214
Wages and other personnel expenses7221 1071 487422767
Other administration costs454664970221448
 
Total other operating costs5959021 268328651
Depreciation and write-down9514220149101
Other operating costs (incl. losses on sale on real property)5007601 066280550
 
Pre-loss profit2 6403 9635 2281 1812 590
 
Losses on loans and guarantees etc.462741825265536
Loss on loans552838964266534
Loss on guarantees (incl. credit losses on securities)-89-97-139-22
 
Pre-tax profit2 1773 2214 4039162 054
Other profit components..........
Taxes on ordinary profit5308301 333223490
 
Profit and loss at end of period1 6472 3913 0706931 564

Table 3 
Mortgage companies, quarterly profit and loss accounts. NOK million (cumulative)

Mortgage companies, quarterly profit and loss accounts. NOK million (cumulative)
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total interest income and similar income20 95031 30541 86010 71821 614
Interest etc. income on loans and demands on customers and credit institutions20 12530 08340 16110 23120 635
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities7841 0041 452349694
Other interest income41218247139284
 
Total interest expenses and similar expenses13 43120 22327 4606 97613 556
Interest and similar expenses on deposits from and debt to customers and credit institutions1 7332 6763 7139141 875
Interest and similar expenses on issued capital14 05121 63631 2425 77412 946
Other interest expenses-2 354-4 089-7 496289-1 265
 
Net interest income7 51911 08214 4003 7428 058
 
Net commission income-845-1 226-1 571-468-1 015
Commission income8113918345101
Commission costs9261 3651 7545131 116
 
Total net changes in value and gain/loss on securities and currency-1 048-2 338-3 918-1 664-2 842
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities4 01013 46112 977-18-5 450
Net changes in value and gain/loss on shares and other securities with variable return00001
Net changes in value and gain/loss on currency-810-821-129-219-833
Net changes in value and gain/loss on other financial assets and liabilities-4 248-14 978-16 766-1 4273 440
 
Total other operating income93100108315
Income from shares and other securities with variable return66706
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)879410138
 
Total administration expenses1 9972 7503 448329913
Wages and other personnel expenses190284371105195
Other administration costs1 8072 4663 077224718
 
Total other operating costs281418572124267
Depreciation and write-down162532918
Other operating costs (incl. losses on sale on real property)265393540115250
 
Pre-loss profit3 4414 4495 0001 1603 035
 
Losses on loans and guarantees etc.6378173-3100
Loss on loans6378173-3100
Loss on guarantees (incl. credit losses on securities)..........
 
Pre-tax profit3 3784 3714 8271 1622 935
Other profit components-76-62-33-6-12
Taxes on ordinary profit8271 0821 175284736
 
Profit and loss at end of period2 4753 2273 6198722 188

Table 4 
State lending institutions, quarterly profit and loss accounts. NOK million (cumulative)

State lending institutions, quarterly profit and loss accounts. NOK million (cumulative)
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Total interest income and similar income3 2064 4806 2861 5513 153
Interest etc. income on loans and demands on customers and credit institutions3 2064 4806 2861 5513 153
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities..........
Other interest income..........
 
Total interest expenses and similar expenses3 4754 8996 7131 7123 498
Interest and similar expenses on deposits from and debt to customers and credit institutions3 4614 8806 6851 7043 482
Interest and similar expenses on issued capital..........
Other interest expenses131928816
 
Net interest income-268-419-427-161-345
 
Net commission income-23-36-47-12-24
Commission income681236
Commission costs2944591530
 
Total net changes in value and gain/loss on securities and currency-8-16-1301
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities..........
Net changes in value and gain/loss on shares and other securities with variable return-1-11....
Net changes in value and gain/loss on currency-7-15-1401
Net changes in value and gain/loss on other financial assets and liabilities..........
 
Total other operating income12 00419 98827 5648 82313 270
Income from shares and other securities with variable return000..0
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)12 00419 98827 5648 82313 270
 
Total administration expenses7861 1851 651414852
Wages and other personnel expenses5478471 184311613
Other administration costs239338467104239
 
Total other operating costs10 55117 73224 2158 03111 591
Depreciation and write-down12636
Other operating costs (incl. losses on sale on real property)10 55017 73124 2108 02811 585
 
Pre-loss profit3686001 210205459
 
Losses on loans and guarantees etc.3124381 124147342
Loss on loans3094361 122147342
Loss on guarantees (incl. credit losses on securities)222....
 
Pre-tax profit561628658117
Other profit components..........
Taxes on ordinary profit..........
 
Profit and loss at end of period561628658117

About the statistics

The statistics on banks and mortgage companies compile balance sheets and profit and loss accounts for credit institutions, finance companies and state lending institutions. The balance sheet shows assets, liabilities and equity. The profit and loss account shows revenues and expenses.

Definitions

Definitions of the main concepts and variables

Balance sheet

The balance sheet shows assets, liabilities and equity at the end of the accounting period. The most important balance sheet items are presented by sector.

Norwegian covered bonds

Covered bonds are bonds conferring a preferential claim over a cover pool consisting of public sector loans and loans secured on dwellings or other real property. Only mortgage companies with special authorisation can issue covered bonds in Norway, and these bonds have been issued since June 2007.

On 24 October 2008, the Norwegian Parliament granted the Ministry of Finance the authority to put into effect an arrangement where Norwegian banks could “swap” covered bonds with treasury bills. This “swap agreement” was aimed at reducing the negative effects of the financial crisis. The banks can acquire covered bonds either in the market or directly from mortgage companies that are licensed to issue covered bonds. Since the announcement of this offer by the Norwegian government, a number of new mortgage companies have been established. As a result, lending portfolios have been swapped between banks and mortgage companies.

 

Standard classifications

There are four types of classifications: object/instrument, sector, industry and type.

Finance objects and real objects (instruments)

Liabilities, claims and other assets in banks and financial corporations' balance sheets are divided into main equable groups, for example loans, bank deposits, bonds, shares etc.

Debitor and creditor sector

Borrowers and lenders are classified by institutional sector classification based on the national accounts' regulations. See our pages for the reporting insttitutions;

http://www.ssb.no/a/innrapportering/orbof/

Debitor and creditor industry

Based on regulations in the industry standard, loans and deposits are grouped according to which industry the debitor or creditor belongs to. See our pages for the reporting insttitutions;

http://www.ssb.no/a/innrapportering/orbof/

Income and cost types
Income and cost types are based on regulations for the national accounts. Examples of income and cost types are interest income and interest costs.

Administrative information

Name and topic

Name: Banks and mortgage companies
Topic: Banking and financial markets

Next release

Responsible division

Division for Financial Corporations

Regional level

The whole country

Frequency and timeliness

The statistics is published monthly, normally 5 weeks after the end of the month.

International reporting

Reporting to the BIS, Eurostat, the IMF and the OECD.

Microdata

Not relevant

Background

Background and purpose

The reporting procedure is made in collaboration between the Financial Supervisory Authority of Norway, Norges Bank and Statistics Norway. The data from banks and financial corporations form the basis for the supervision of the institutions and the financial markets. The data is also an information base for the monetary and credit market policy and a vital contribution to the statistics for credit indicators and monetary growth. The reporting is the main base for the official statistics on financial enterprises. It is also an important input in the national accounts and the balance of payments and the credit market statistics. The data is used for international reporting to the BIS, Eurostat, the IMF and the OECD etc.
The statistics production is done by Statistics Norway from 1. January 2007.

Users and applications

The main area of application is statistics (publishing and input in other statistics), analysis and supervision (by the Financial Supervisory Authority of Norway). The data is included in the national accounts, financial sector accounts and the balance of payments. Other important users than Statistics Norway are Norges Bank, the Financial Supervisory Authority of Norway, Ministry of Finance, the financial services industry, researchers at universities and in international organisations, and the media.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the national accounts standards System of National Accounts from 1993 (SNA 1993), European System of Accounts from 1995 (ESA 1995) and the IMF Manual on Monetary and Financial Statistics.
Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.

Legal authority

The main part of the data covered here is collected under the provisions of the Act on the Supervision of Credit Institutions, Insurance Companies and Securities Trading etc. (Financial Supervision Act) of 7 December 1956 no. 1 (with amendments per 1 July 2003). Reporting from The Central Bank of Norway (Norges Bank) and from state lending institutions is obtained under the provisions of the Act concerning official statistics and Statistics Norway of 16 June 1989 no. 54 (the Statistics Act).

EEA reference

Council directive 635/86 Accounting directive for banks and other credit institutions.

Council directive 2006/48/EF Supervisory directive relating to the taking up and pursuit of the business of credit institutions

Council regulation 295/2008. Council regulation 251/2009 Amendments to council regulation 295/2008.

Council regulation 2223/96 The regulation covers the European system for national and regional accounts.
Council regulation 1392/2007 Amendments to council regulation 2223/96.

Council regulation 1606/2002 Regulation on the application of international accounting standards
Council regulation 297/2008 Amendments to council regulation 1606/2002

Production

Population

The financial statistics is based on balance sheet and profit and loss account data from Norges Bank, all banks, state lending institutions, the mortgage companies and the finance companies in Norway, including foreign companies' branches in Norway. Consolidated data is also available, but is not used for national statistics purposes.

Data sources and sampling

The data is based on reconciliated accounting data from the financial institutions.

Total count.

Collection of data, editing and estimations

The Financial Supervisory Authority of Norway and Statistics Norway work together to collect the accounting data. All data is reported electronically via the official Norwegian portal Altinn. The reporting institutions receive automatic feedback on errors or possible errors in the reporting. These errors should be corrected within two days. After data processing in Statistics Norway, the reporting institutions may be asked to control, verify or correct other data not included in the automatic feedback. Corrections from the reporting institutions are received continuously.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

The accounting statistics for the financial institutions is based on current accounting regulations for financial institutions. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the financial institutions. Structural changes like new companies, mergers and spin-offs, and portfolio movements, may also lead to breaches in the time series.

International Financial Reporting Standard (IFRS)
The new accounting standard IFRS is an example of a change that has causedbreaches in the time series. From 2009 the reporting companies may report according to the IFRS standard and other entities may follow NGAAP. The IFRS standard will lead to larger fluctuations in the data because of the more extensive use of fair value in the accounting. The comparison of the reported data with the companies' official accounts is also challenging when the IFRS standard does not require a specific presentation of the accounts, as the traditional Norwegian accounting standards do.

Regulation on loans
The IFRS-adapted regulation on loans was introduced 1. January 2005. It lead to a small change in the measuring of the value of loans and guaranties in the accounting data and thereby to a small breach in the time series for loans and loan loss provisions. There were also a breach in the time series on loans in 1992 due to changed accounting rules.

Changes in the presentation of the statistics
Data specifications are updated continuously. An example of changes in data series is Credit lines secured on dwellings became a new specification from January 2006 and was partly deducted from repayment loans secured on dwellings.

Structural changes
There are several mergers, spin-offs and new companies being started every year. Many of these structural changes have no significant impact on the statistics, while others lead to breaches in the time series. Major changes will be commented upon in the current statistics publication.

Portfolio movements
The introduction of IFRS, the regulation on loans and the structural changes mentioned, has lead to portfolio movements. Following the covered bonds legislation in Norway from 2008 on loan portfolios have been moved from banks to mortgage companies. This gives breaches in the time series and needs to be taken into consideration when interpreting the data.

Accuracy and reliability

Sources of error and uncertainty

Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:

*Errors in the reporting party's accounts

*Errors in the transfer of data from the institution's primary accounts to data reports and to recipients

*Different accounting and evaluation principles

*Different accounting dates for transactions

*Insufficient data from the reporting parties

*Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.

Revision

The statistics show preliminary figures. Data may be revised in future publications.

Contact

Error occured rendering window "Statistikkside - faktaside inngang" (key 209) while handling request to site path: /0/en/bank-og-finansmarked/statistikker/banker/kvartalsresultat?id=3519