111747
statistikk
2013-09-30T10:00:00.000Z
Banking and financial markets
en
k2, The credit indicator C2, general public’s gross domestic debt, credit expansion, credit transactions, liabilities, creditFinancial indicators, Banking and financial markets
false

Statistics

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The credit indicator C2August 2013

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Continued decrease in debt growth

The twelve-month growth in the credit indicator C2 was 6.1 per cent to end-August, down from 6.2 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage change
March 2013 April 2013 May 2013 June 2013 July 2013 August 2013
1Annualised figure
12-month growth, total 6.2 6.5 6.4 6.3 6.2 6.1
3-month moving average, total1 6.7 7.2 7.1 6.4 6.1 ..
12-month growth, households 7.4 7.7 7.3 7.3 7.1 7.2
12-month growth, non-financial corporations 3.9 4.1 4.3 4.2 4.0 3.9
Figure 1. Credit indicator C2. Percentage change
Figure 1. Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted to NOK 4 275 billion at end-August, up from NOK 4 255 billion the previous month.

Increased debt growth for households

Households’ gross domestic debt totalled NOK 2 482 billion at end-August, up from NOK 2 468 billion the previous month. The twelve-month growth was 7.2 per cent to end-August, up from 7.1 per cent to end-July.

Decreased debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 429 billion at end-August, up from NOK 1 425 billion at end-July. The twelve-month growth was 3.9 per cent to end-August, down from 4.0 per cent the month before.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 364 billion at end-August, up from NOK 362 billion at end-July. The twelve-month growth was 7.8 per cent to end-August, down from 8.3 per cent the previous month.

Growth rates affected by portfolio shifts

Of the general public’s gross domestic debt, nearly half consisted of bank loans at end-August. This amounted to NOK 2 057 billion. The twelve-month growth in bank loans was 2.5 per cent to end-August, up from 2.2 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 407 billion at end-August, up from NOK 1 403 billion at end-July. The twelve-month growth in mortgage company loans was 5.8 per cent to end-August, down from 6.7 per cent the month before.

The growth rates are affected by transfers of loans from banks to mortgage companies. The growth rate for banks and mortgage companies in total was 3.8 per cent to end-August, down from 4.0 per cent to end-July.

High activity in the bond market

The twelve-month growth rate in bond debt was 31.3 per cent to end-August, down from 31.8 per cent to end-July. The twelve-month growth rate in certificate debt was 0.7 per cent to end-August, up from -2.1 per cent the previous month.