Stronger growth in domestic loan debt

Published:

The twelve-month growth in the credit indicator C2 was 5.8 per cent to the end of September, up from 5.6 per cent the previous month.

The general public’s domestic loan debt amounted to NOK 5 382 billion at end-September, according to new figures from the Credit indicator statistics.

Figure 1. Credit indicator (C2)

12-month growth 3-month moving average
Sep. 2014 5.4 5.6
Oct. 5.4 5.9
Nov. 5.2 5.5
Dec. 5.4 5.3
Jan. 5.6 5.2
Feb. 5.5 6.0
Mar. 5.8 6.5
Apr. 5.7 7.1
May 5.9 6.4
Jun. 5.8 5.7
Jul. 5.7 4.7
Aug. 5.8 4.6
Sep. 2015 5.5 4.8
Oct. 5.6 4.7
Nov. 5.2 4.6
Dec. 5.4 4.1
Jan. 5.3 4.6
Feb. 5.2 4.9
Mar. 4.9 5.6
Apr. 5.1 5.6
May 4.8 5.6
Jun. 5.0 5.0
Jul. 5.0 4.9
Aug. 5.0 4.9
Sep. 2016 5.1 5.3
Oct. 5.0 5.2
Nov. 5.2 4.6
Dec. 4.8 4.2
Jan. 5.0 4.3
Feb. 5.0 5.4
Mar. 5.2 6.0
Apr. 5.1 6.6
May 5.4 6.7
Jun. 5.7 6.9
Jul. 5.7 6.6
Aug. 5.6 6.1
Sep. 2017 5.8

Weaker debt growth in households

Households’ domestic loan debt totalled NOK 3 222 billion at end-September. The twelve-month growth was 6.5 per cent to end-September, down from 6.6 the month before.

Stronger debt growth for non-financial corporations

Non-financial corporations’ domestic loan debt amounted to NOK 1 685 billion at end-September. The twelve-month growth was 4.6 per cent to end-September, up from 3.7 per cent the previous month.

Stronger growth in loans 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-September. This amounted to NOK 4 307 billion. The twelve-month growth in banks and mortgage companies’ loans was 5.6 per cent, up from 5.4 per cent the month before.

Weaker growth in bond debt

The twelve-month growth in the general public’s bond debt was 8.8 per cent to end-September, down from 9.1 per cent the previous month.

 

Contact