The general public’s domestic loan debt amounted to NOK 6 588 billion at end-October, according to new figures from the Credit indicator statistics.

Unchanged debt growth in households

Households’ domestic loan debt totalled to NOK 3 973 billion at end-October. The twelve-month growth was 5.1 per cent to end-October, unchanged from the previous month.

Unchanged debt growth in non-financial corporations

Non-financial corporations domestic loan debt amounted to NOK 1 991 billion at end-October. The twelve-month growth was 5.1 per cent to end-October, unchanged from 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-October. This amounted to NOK 5 321 billion. The twelve-month growth in loans from banks and mortgage companies was 4.7 per cent to end-October, down from 4.8 per cent the previous month.

Increased growth in debt securities

The twelve-month growth in the general public’s debt securities was 19.2 per cent to end-October, up from 18.5 percent the previous month.

Figure 1. Credit indicator (C2). 12-month growth

Increased growth in external loan debt in the 3rd quarter of 2021

The general public’s total loan debt (C3) amounted to NOK 8 122 billion at the end of the 3rd quarter of 2021. The external debt constitutes NOK 1 556 billion.

The twelve-month growth in the general public’s external loan debt was 0.8 per cent to the end of the 3rd quarter of 2021. The twelve-month growth was ÷ 3.3 per cent to the end of the 2nd quarter. The external loan debt mainly relates to non-financial corporations.