Decreased growth in domestic loan debt
Published:
The twelve-month growth in the credit indicator C2 was 4.6 per cent to the end of September 2020, down from 4.7 per cent the previous month.
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The general public’s domestic loan debt amounted to NOK 6 259 billion at end-September, according to new figures from the Credit indicator statistics.
Figure 1. Credit indicator (C2). 12-month growth
| General public | Households | Non-financial corporations | Municipalities | |
| Sep. 2015 | 5.5 | 6.3 | 3.7 | 7.2 |
| Oct. 2015 | 5.6 | 6.4 | 3.7 | 7.6 |
| Nov. 2015 | 5.2 | 5.9 | 3.2 | 8.1 |
| Dec. 2015 | 5.3 | 6.1 | 3.2 | 7.6 |
| Jan. 2016 | 5.1 | 6.1 | 3.2 | 6.2 |
| Feb. 2016 | 5.1 | 6.0 | 3.4 | 5.3 |
| Mar. 2016 | 4.8 | 5.8 | 3.0 | 5.1 |
| Apr. 2016 | 4.9 | 6.0 | 2.9 | 5.7 |
| May 2016 | 4.7 | 5.9 | 2.2 | 5.7 |
| June 2016 | 4.8 | 6.0 | 2.7 | 5.4 |
| July 2016 | 4.9 | 5.9 | 2.9 | 5.1 |
| Aug. 2016 | 4.9 | 6.1 | 2.6 | 5.0 |
| Sep. 2016 | 5.0 | 6.3 | 2.2 | 6.4 |
| Oct. 2016 | 4.9 | 6.1 | 2.4 | 5.9 |
| Nov. 2016 | 5.1 | 6.5 | 2.5 | 5.0 |
| Dec. 2016 | 4.8 | 6.3 | 1.8 | 5.6 |
| Jan. 2017 | 5.0 | 6.5 | 2.1 | 5.8 |
| Feb. 2017 | 5.0 | 6.6 | 1.7 | 6.4 |
| Mar. 2017 | 5.2 | 6.7 | 2.1 | 6.1 |
| Apr. 2017 | 5.1 | 6.5 | 2.2 | 5.6 |
| May 2017 | 5.4 | 6.7 | 3.0 | 5.2 |
| June 2017 | 5.6 | 6.6 | 4.0 | 5.3 |
| July 2017 | 5.7 | 6.6 | 4.1 | 5.8 |
| Aug. 2017 | 5.6 | 6.5 | 3.7 | 6.0 |
| Sep. 2017 | 5.8 | 6.4 | 4.7 | 5.3 |
| Okt. 2017 | 5.7 | 6.3 | 4.7 | 5.4 |
| Nov. 2017 | 5.8 | 6.4 | 4.9 | 5.3 |
| Dec. 2017 | 6.4 | 6.4 | 6.7 | 5.3 |
| Jan. 2018 | 6.2 | 6.2 | 6.6 | 5.1 |
| Feb. 2018 | 6.3 | 6.0 | 7.4 | 4.3 |
| Mar. 2018 | 6.3 | 6.0 | 7.5 | 4.6 |
| Apr. 2018 | 6.4 | 6.0 | 7.8 | 4.9 |
| May 2018 | 6.2 | 5.8 | 7 | 5.8 |
| June 2018 | 5.9 | 5.9 | 6.2 | 5.4 |
| July 2018 | 5.8 | 5.8 | 6.2 | 5 |
| Aug. 2018 | 5.9 | 5.8 | 6.5 | 4.8 |
| Sep. 2018 | 5.5 | 5.8 | 5 | 4.8 |
| Oct. 2018 | 5.8 | 5.8 | 6 | 4.7 |
| Nov. 2018 | 5.7 | 5.6 | 6.2 | 5.3 |
| Dec. 2018 | 5.6 | 5.6 | 5.5 | 6.6 |
| Jan. 2019 | 5.8 | 5.7 | 5.8 | 6.4 |
| Feb. 2019 | 5.8 | 5.7 | 5.7 | 7.3 |
| Mar. 2019 | 5.9 | 5.7 | 5.8 | 7.6 |
| Apr. 2019 | 5.8 | 5.7 | 5.7 | 7 |
| May 2019 | 5.7 | 5.6 | 5.7 | 6.8 |
| June 2019 | 5.8 | 5.6 | 5.8 | 6.8 |
| July 2019 | 5.6 | 5.3 | 5.8 | 7 |
| Aug. 2019 | 5.5 | 5.2 | 5.7 | 6.9 |
| Sep. 2019 | 5.8 | 5.1 | 6.9 | 7 |
| Oct. 2019 | 5.6 | 5 | 6.1 | 7.6 |
| Nov. 2019 | 5.6 | 5.2 | 5.7 | 7.8 |
| Dec. 2019 | 5.1 | 5 | 4.9 | 7.1 |
| Jan. 2020 | 5 | 4.9 | 4.5 | 7.4 |
| Feb. 2020 | 4.8 | 4.8 | 4.1 | 7.4 |
| Mar. 2020 | 4.7 | 4.7 | 4 | 6.9 |
| Apr. 2020 | 4.6 | 4.6 | 3.7 | 7.7 |
| May 2020 | 4.6 | 4.4 | 4.2 | 7.5 |
| June 2020 | 4.5 | 4.4 | 3.5 | 8.1 |
| July 2020 | 4.5 | 4.6 | 3.3 | 8.4 |
| Aug. 2020 | 4.7 | 4.6 | 3.9 | 8.1 |
| Sep. 2020 | 4.6 | 4.7 | 3.1 | 8.6 |
Increased debt growth in households
Households’ domestic loan debt totalled NOK 3 766 billion at end-September. The twelve-month growth was 4.7 per cent to end-September, up from 4.6 per cent the previous month.
Decreased debt growth in non-financial corporations
Non-financial corporations domestic loan debt amounted to NOK 1 914 billion at end-September. The twelve-month growth was 3.1 per cent to end-September, down from 3.9 per cent the previous month.
Decreased growth in loans from banks and mortgage companies
Of the general public’s domestic loan debt, 81 per cent consisted of loans from banks and mortgage companies at end-September. This amounted to NOK 5 073 billion. The twelve-month growth in loans from banks and mortgage companies was 4.6 per cent to end-September, down from 4.7 per cent the previous month.
Increased growth in debt securities
The twelve-month growth in the general public’s debt securities was 5.6 per cent to end-September, up from 5.4 per cent the previous month.
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Credit indicator
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Heidi Vegsund
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Eirin Ingvaldsen Brynestad
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Mons Even Oppedal
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Statistics Norway's Information Centre