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Weekly Bulletin is. 39, 1996

Banks continue to win market share

Lending to the general public by financial institutions continues to increase. In the second quarter of 1996, loans increased by NOK 16 billion to NOK 866 million, with banks accounting for the entire increase in the volume of lending. Bank loans to the general public totalled NOK 550 billion at the end of the second quarter, an increase of NOK 20 billion from the first quarter. Banks are capturing an increasingly larger market share at the expense of state lending institutions, finance companies and insurance companies.

Banks have the largest share of loans, accounting for 64 per cent as of second quarter 1996. At the end of the first quarter the banks had a market share of 62 per cent. Over the past year, banks have increased their market share with four percentage points while other financial institutions have lost one to two percentage points. The general public borrowed NOK 172 billion from state lending institutions in the second quarter, down four billion compared to the second quarter of 1995.

New Statistics

Financial institutions, 2nd quarter 1996.
Statistics are published every quarter in the Weekly Bulletin of Statistics and Banking and Credit Statistics. More information: Gudrun Haraldsdottir, tel. +47 21 09 45 12, e-mail: guh@ssb.no or Britt Justad, tel. +47 21 09 45 10, e-mail: anj@ssb.no.

Weekly Bulletin is. 39, 1996