The general public’s domestic loan debt (C2) amounted to NOK 6 920 billion at end-September. The general public include households etc., non-financial enterprises and municipal government.

Unchanged debt growth in households  

Households’ domestic loan debt totalled to NOK 4 121 billion at end-September. The twelve-month growth was 4.3 per cent to end-September, unchanged from the previous month.

Decreased debt growth in non-financial corporations

Non-financial corporations’ domestic loan debt amounted to NOK 2 152 billion at end-September. The twelve-month growth was 7.0 per cent to end-September, down from 7.7 per cent the previous month. Through 2022 we have seen an increase in the debt growth of financial corporations. This is caused by growth in several different sectors and industries, primarily in Mainland Norway. In September the twelve-month growth decreased from August, but the growth rate is still at a high level compared to the last two years.

Increased debt growth in municipal government

Municipal government’s domestic loan debt amounted to NOK 647 billion at end-September. The twelve-month growth was 4.3 per cent to end-September, up from 3.8 per cent the previous month.

Decreased growth in debt securities

The twelve-month growth in the general public’s debt securities was 4.4 per cent to end-September, down from 6.2 per cent the previous month.

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