The general public’s domestic loan debt amounted to NOK 6 511 billion at end-July, according to new figures from the Credit indicator statistics.
Unchanged debt growth in households
Households’ domestic loan debt totalled to NOK 3 918 billion at end-July. The twelve-month growth was 5.2 per cent to end-July, unchanged from the previous month.
Increased debt growth in non-financial corporations
Non-financial corporations domestic loan debt amounted to NOK 1 973 billion at end-July. The twelve-month growth was 4.7 per cent to end-July, up from 4.6 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-July. This amounted to NOK 5 260 billion. The twelve-month growth in loans from banks and mortgage companies was 5.2 per cent to end-July, down from 5.3 per cent the previous month.
Unchanged growth in debt securities
The twelve-month growth in the general public’s debt securities was 15.1 per cent to end-July, unchanged from the previous month.
Decreased growth in external loan debt in the 2nd quarter of 2021
The general public’s total loan debt (C3) amounted to NOK 8 013 billion at the end of the 2nd quarter of 2021. The external debt constitutes NOK 1 507 billion.
The general public’s external loan debt is lower than 12 months ago, and the growth is reduced in the last quarter. The twelve-month growth decreased from -0.3 per cent to -3.1 per cent from the end of the 1st quarter to the end of the 2nd quarter of 2021. The external loan debt mainly relates to non-financial corporations.