282369
/en/bank-og-finansmarked/statistikker/banker/kvartalsresultat
282369
statistikk
2017-11-15T08:00:00.000Z
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
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Banks and mortgage companies

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Main figures. NOK million1
September 2016September 2017Percentage change
1Net interest income and pre-tax profit are accumulated figures since beginning of the year.
Banks
Total assets4 937 9985 067 4992.6
Net interest income52 42957 4299.5
Pre-tax profit39 25042 8919.3
Mortgage companies
Total assets2 044 5492 072 6791.4
Net interest income11 08212 60313.7
Pre-tax profit4 3714 87411.5

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

Banks, quarterly profit and loss accounts. NOK million (cumulative)
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total interest income and similar income84 425113 72929 24758 46289 034
Interest etc. income on loans and demands on customers and credit institutions75 745101 53026 06152 61080 357
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities6 8199 9612 5654 9967 371
Other interest income1 8612 2386218561 306
 
Total interest expenses and similar expenses31 99643 29610 78420 95931 605
Interest and similar expenses on deposits from and debt to customers and credit institutions20 20127 3486 86313 94521 079
Interest and similar expenses on issued capital9 06612 0962 8575 6637 931
Other interest expenses2 7303 8521 0651 3512 595
 
Net interest income52 42970 43218 46337 50357 429
 
Net commission income12 65916 9684 3248 96113 767
Commission income16 72522 4465 78511 84018 254
Commission costs4 0675 4781 4602 8794 487
 
Total net changes in value and gain/loss on securities and currency4 5417 0661 9562 9143 888
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities1 525-1 271492693397
Net changes in value and gain/loss on shares and other securities with variable return480978161-271293
Net changes in value and gain/loss on currency2 9474 5356308021 952
Net changes in value and gain/loss on other financial assets and liabilities-4112 8236731 6891 245
 
Total other operating income12 23117 9231 7876 3038 976
Income from shares and other securities with variable return1 8823 7551341 3781 439
Income fromownership interest in associated companies and group companies4 2916 5655882 5052 702
Other operating income (incl. gain on sale on real property)6 0577 6031 0652 4214 835
 
Total administration expenses26 71935 6969 39419 03028 791
Wages and other personnel expenses16 77421 8735 82511 75317 855
Other administration costs9 94513 8233 5697 27610 936
 
Total other operating costs6 5319 3292 2604 7907 259
Depreciation and write-down2 1242 9526441 3041 922
Other operating costs (incl. losses on sale on real property)4 4076 3771 6163 4865 337
 
Pre-loss profit48 60967 36414 87531 86048 010
 
Losses on loans and guarantees etc.9 35913 0081 3583 3825 118
Loss on loans8 86112 1859701 9133 849
Loss on guarantees (incl. credit losses on securities)4988233881 4691 269
 
Pre-tax profit39 25054 35713 51728 47842 891
Other profit components-310388
Taxes on ordinary profit8 36611 3653 0096 1669 522
 
Profit and loss at end of period30 85342 99310 51122 32033 378

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

Finance companies, quarterly profit and loss accounts. NOK million (cumulative)
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total interest income and similar income7 78210 5262 6275 4808 049
Interest etc. income on loans and demands on customers and credit institutions7 78010 5242 6275 4798 048
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities10000
Other interest income12011
 
Total interest expenses and similar expenses1 8912 6156711 4352 042
Interest and similar expenses on deposits from and debt to customers and credit institutions1 7362 4046181 3131 919
Interest and similar expenses on issued capital5878185454
Other interest expenses97133346868
 
Net interest income5 8917 9111 9564 0456 007
 
Net commission income36545266179254
Commission income2 4403 1556681 4632 309
Commission costs2 0762 7036021 2842 055
 
Total net changes in value and gain/loss on securities and currency25605-12-31
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 currency17262-16-40
Net changes in value and gain/loss on other financial assets and liabilities834359
 
Total other operating income354530125243362
Income from shares and other securities with variable return11......
Income fromownership interest in associated companies and group companies1100..
Other operating income (incl. gain on sale on real property)352528125243362
 
Total administration expenses1 7712 4576431 2141 792
Wages and other personnel expenses1 1071 4874227671 156
Other administration costs664970221448636
 
Total other operating costs9021 268328651925
Depreciation and write-down14220149101152
Other operating costs (incl. losses on sale on real property)7601 066280550773
 
Pre-loss profit3 9635 2281 1812 5903 876
 
Losses on loans and guarantees etc.741825265536808
Loss on loans838964266534820
Loss on guarantees (incl. credit losses on securities)-97-139-22-11
 
Pre-tax profit3 2214 4039162 0543 068
Other profit components..........
Taxes on ordinary profit8301 333223490726
 
Profit and loss at end of period2 3913 0706931 5642 342

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

Mortgage companies, quarterly profit and loss accounts. NOK million (cumulative)
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total interest income and similar income31 30541 86010 71821 61432 456
Interest etc. income on loans and demands on customers and credit institutions30 08340 16110 23120 63531 051
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities1 0041 452349694943
Other interest income218247139284462
 
Total interest expenses and similar expenses20 22327 4606 97613 55619 853
Interest and similar expenses on deposits from and debt to customers and credit institutions2 6763 7139141 8472 727
Interest and similar expenses on issued capital21 63631 2425 77412 94620 753
Other interest expenses-4 089-7 496289-1 237-3 628
 
Net interest income11 08214 4003 7428 05812 603
 
Net commission income-1 226-1 571-468-1 015-1 663
Commission income13918345101152
Commission costs1 3651 7545131 1161 814
 
Total net changes in value and gain/loss on securities and currency-2 338-3 918-1 664-2 842-3 119
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities13 46112 977-18-5 450-1 625
Net changes in value and gain/loss on shares and other securities with variable return00011
Net changes in value and gain/loss on currency-821-129-219-833-337
Net changes in value and gain/loss on other financial assets and liabilities-14 978-16 766-1 4273 440-1 159
 
Total other operating income10010831522
Income from shares and other securities with variable return67066
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)941013816
 
Total administration expenses2 7503 4483299131 606
Wages and other personnel expenses284371105195296
Other administration costs2 4663 0772247181 309
 
Total other operating costs418572124267417
Depreciation and write-down253291826
Other operating costs (incl. losses on sale on real property)393540115250391
 
Pre-loss profit4 4495 0001 1603 0355 820
 
Losses on loans and guarantees etc.78173-3100945
Loss on loans78173-3100945
Loss on guarantees (incl. credit losses on securities)..........
 
Pre-tax profit4 3714 8271 1622 9354 874
Other profit components-62-33-6-12-18
Taxes on ordinary profit1 0821 1752847361 418
 
Profit and loss at end of period3 2273 6198722 1883 438

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

State lending institutions, quarterly profit and loss accounts. NOK million (cumulative)
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Total interest income and similar income4 4806 2861 5513 1534 756
Interest etc. income on loans and demands on customers and credit institutions4 4806 2861 5513 1534 756
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities..........
Other interest income..........
 
Total interest expenses and similar expenses4 8996 7131 7123 4985 312
Interest and similar expenses on deposits from and debt to customers and credit institutions4 8806 6851 7043 4825 289
Interest and similar expenses on issued capital..........
Other interest expenses192881624
 
Net interest income-419-427-161-345-557
 
Net commission income-36-47-12-24-36
Commission income8123610
Commission costs4459153045
 
Total net changes in value and gain/loss on securities and currency-16-1301-5
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-11....0
Net changes in value and gain/loss on currency-15-1401-6
Net changes in value and gain/loss on other financial assets and liabilities..........
 
Total other operating income19 98827 5648 82313 27021 449
Income from shares and other securities with variable return00..00
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)19 98827 5648 82313 27021 449
 
Total administration expenses1 1851 6514148521 210
Wages and other personnel expenses8471 184311613877
Other administration costs338467104239333
 
Total other operating costs17 73224 2158 03111 59119 147
Depreciation and write-down26369
Other operating costs (incl. losses on sale on real property)17 73124 2108 02811 58519 138
 
Pre-loss profit6001 210205459494
 
Losses on loans and guarantees etc.4381 124147342462
Loss on loans4361 122147342462
Loss on guarantees (incl. credit losses on securities)22......
 
Pre-tax profit162865811732
Other profit components..........
Taxes on ordinary profit..........
 
Profit and loss at end of period162865811732

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

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