Increase in domestic loan debt growth
The twelve-month growth in the credit indicator C2 was 6.3 per cent to the end of April 2018, an increase from the previous month.
The general public’s domestic loan debt amounted to NOK 5 568 billion at end-April, according to new figures from the Credit indicator statistics.
Figure 1. Credit indicator (C2)
No change in households debt growth
Households’ domestic loan debt totalled NOK 3 322 billion at end-April. The twelve-month growth was 6.0 per cent to end-April, no change from the previous month.
Increased debt growth for non-financial corporations
Non-financial corporations domestic loan debt amounted to NOK 1 754 billion at end-April. The twelve-month growth was 7.4
per cent to end-April, up from 7.2 per cent the previous month.
No change in loan growth from banks and mortgage companies
Of the general public’s domestic loan debt, 80 per cent consisted of loans from banks and mortgage companies at end-April. This amounted to NOK 4 475 billion. The twelve-month growth in banks and mortgage companies loans was 6.2 per cent, no change from the previous month.
Decreased growth in debt securities
The twelve-month growth in the general public’s debt securities was 12.4 per cent to end-April, down from 12.8 per cent the previous month.
External debt growth fell further in the 1st quarter 2018
The general public’s total loan debt (C3) amounted to NOK 6 808 billion at the end of the 1st quarter 2018. The external debt constitutes NOK 1 269 billion.
The external loan debt kept on declining to the end of the 1st quarter. The twelve-month growth in external debt decreased from -7.7 per cent to -9.8 per cent from the end of the 4th quarter 2017 to the end of the 1st quarter 2018.
The external loan debt mainly relates to non-financial corporations.