Banks and mortgage companies

Updated: 3 April 2024

Next update: 2 May 2024

Deposits from households
Deposits from households
February 2024
1 665 716
NOK million
Banks and mortgage companies, selected figures. NOK million
Banks and mortgage companies, selected figures. NOK million
January 2024February 2024
Loans to households1 690 6231 686 747
Loans to the manufacturing industry101 620103 188
Deposits from households1 646 2861 665 716
Housing savings for young people47 56747 408
Mortgage companies
Loans to households2 068 7862 071 899
Loans to the manufacturing industry2 1192 151
Explanation of symbols

Selected tables and charts from this statistics

  • Loans from banks by industry. NOK million
    Loans from banks by industry. NOK million
    November 2023December 2023January 2024February 2024
    All industries1 887 1381 884 3551 885 6361 901 693
    Agriculture66 51167 61268 12765 219
    Forestry3 9133 9494 0554 018
    Fishing and hunting51 98952 22553 20553 386
    Fish farming services54 08453 20855 24153 197
    Mining and quarrying7 6637 1297 1337 155
    Services linked to extraction of crude petroleum and natural gas1 3551 0151 0121 031
    Extraction of crude petroleum and natural gas3 9303 4114 6164 574
    Industry106 264102 345101 620103 188
    Ship and boat building3 4273 4065 7566 309
    Electricity and water supply60 52560 74160 67561 827
    Water supply, drainage and waste disposal10 36210 60010 66110 596
    Real estate development171 889171 751173 973173 357
    Building and construction work beyond real estate development51 74752 03749 70751 351
    Commodity trade etc98 59396 26097 903104 202
    Sea transport abroad and transport via pipelines51 95350 59648 29848 221
    Transportation and storage59 81758 16059 15262 863
    Hotels and restaurants22 21522 15022 30722 398
    Information and communication21 35122 20323 02423 421
    Real estate, renting and business activities832 190836 075831 459834 499
    Professional and financial services117 356119 041118 173120 633
    Businesslike services41 96342 05341 01141 970
    Other service activities48 04048 38648 52748 278
    Explanation of symbols
  • Loans by type, from banks to households. NOK million
    Loans by type, from banks to households. NOK million1
    November 2023December 2023January 2024February 2024
    Credit lines, secured on dwellings198 337197 990198 688197 920
    Credit lines, secured on commercial property15 38315 85315 68814 655
    Credit lines, secured on other items12 88812 72612 27511 403
    Credit card loans25 84724 84524 87424 896
    Factoring1 2661 0881 0701 072
    Leasing9 2149 3319 5209 245
    Other credit lines, without collateral12 57512 45712 26612 670
    Repayment loans secured on dwellings1 240 4941 238 7631 225 1331 223 623
    Repayment loans, secured on commercial property66 74966 54767 05867 603
    Repayment loans, secured on other items92 85390 87989 40490 405
    Repayment loans, without collateral43 03939 40339 16037 767
    Repurchase agreement2 9333 4123 4373 451
    1Loans in this table are measured in gross value.
    Explanation of symbols
  • Deposits from households by type. NOK million
    Deposits from households by type. NOK million
    November 2023December 2023January 2024February 2024
    Total deposits1 637 1221 649 6531 646 2861 665 716
    Transaction deposits1 351 0571 345 9761 333 2641 344 929
    Deposits with short agreed maturity212 747225 444230 919234 845
    Deposits with long agreed maturity17 76221 35523 30127 061
    Tax deduction accounts323383298411
    Deposits related to pension schemes388383375371
    Housing savings for young people45 20346 07547 56747 408
    Deposits tied to other purposes9 64210 03610 56110 692
    Explanation of symbols
  • Loans from financial corporations by borrower sector. NOK million
    Loans from financial corporations by borrower sector. NOK million
    November 2023December 2023January 2024February 2024
    Non-financial corporations1 706 5251 701 3071 704 5621 723 259
    Financial corporations624 578605 059632 265635 140
    General government8 5749 42414 15213 711
    Non-profit institutions serving households15 42315 70815 32713 328
    Households1 713 7751 705 4601 690 6231 686 747
    Rest of the world900 564677 378846 689855 198
    Finance companies1
    Non-financial corporations..90 990..
    Financial corporations..332..
    General government..2 320..
    Non-profit institutions serving households..332..
    Households..101 204..
    Rest of the world..17 057..
    Mortgage companies
    Non-financial corporations49 20749 39349 46950 044
    Financial corporations31 26711 54222 92920 805
    General government353 589358 129360 556360 312
    Non-profit institutions serving households928923933926
    Households2 045 6632 051 3822 068 7862 071 899
    Rest of the world4 6294 6127 3704 736
    State lending institutions
    Non-financial corporations36 36636 76836 58036 653
    Financial corporations27262626
    General government104 736103 713103 639108 165
    Non-profit institutions serving households12 07312 38912 35512 329
    Households293 584295 958301 620302 740
    Rest of the world3 6943 6943 6943 694
    1Quarterly reporting
    Explanation of symbols
  • Main figures from banks' profit and loss accounts. NOK million
    Main figures from banks' profit and loss accounts. NOK million
    4th quarter 20204th quarter 20214th quarter 20224th quarter 2023
    Total interest income and similar income129 100108 999182 676348 107
    Total interest expenses and similar expenses42 58624 86379 364217 757
    Net interest income86 51384 136103 312130 350
    Total income183 550165 301234 429406 045
    Total cost104 37388 794146 291293 709
    Pre-loss profit79 17776 50788 137112 336
    Total credit loss on loans, guarantees and securities30 7294 4861 2973 453
    Confirmed credit losses on loans5 3338 2026 7342 084
    Pre-tax profit48 44872 02186 840108 883
    Taxes on ordinary profit7 40315 11815 50620 385
    Profit and loss before other comprehensive income41 04556 90371 33488 498
    Other comprehensive income before taxes180-3831 468-414
    Taxes on other comprehensive income2111122221
    Comprehensive income41 22856 63172 92388 305
    Explanation of symbols
  • Deposits by county. NOK million
    Deposits by county. NOK million
    Viken (2020-2023)..563 590640 130660 989
    Østfold (-2019)97 399......
    Akershus (-2019)293 192......
    Buskerud (-2019)112 568......
    Oslo598 536716 991809 078805 785
    Innlandet..168 452175 901180 833
    Hedmark (-2019)84 892......
    Oppland (-2019)69 411......
    Vestfold og Telemark (2020-2023)..160 973175 336185 355
    Vestfold (-2019)85 536......
    Telemark (-2019)59 406......
    Agder..124 536137 004141 958
    Aust-Agder (-2019)40 978......
    Vest-Agder (-2019)69 932......
    Rogaland235 258263 636282 593356 740
    Vestland..308 086331 530353 950
    Hordaland (-2019)231 681......
    Sogn og Fjordane (-2019)53 438......
    Møre og Romsdal113 120123 660131 694136 791
    Trøndelag - Trööndelage189 947208 960229 148240 688
    Nordland - Nordlánnda96 600103 820117 619124 093
    Troms og Finnmark - Romsa ja Finnmárku (2020-2023)..97 905102 592108 186
    Troms - Romsa (-2019)62 822......
    Finnmark - Finnmárku (-2019)25 267......
    Other9769509731 087
    Explanation of symbols
  • Loans from banks by county. NOK million
    Loans from banks by county. NOK million
    Viken (2020-2023)..569 474597 981636 635
    Østfold (-2019)103 723......
    Akershus (-2019)309 068......
    Buskerud (-2019)125 935......
    Oslo978 748962 7891 144 6551 298 144
    Innlandet..161 398163 374171 998
    Hedmark (-2019)93 306......
    Oppland (-2019)65 842......
    Vestfold og Telemark (2020-2023)..176 447184 931195 395
    Vestfold (-2019)100 767......
    Telemark (-2019)73 385......
    Agder..145 058144 646148 766
    Aust-Agder (-2019)45 692......
    Vest-Agder (-2019)96 155......
    Rogaland291 153292 970293 252300 885
    Vestland..357 158379 850384 190
    Hordaland (-2019)301 131......
    Sogn og Fjordane (-2019)56 478......
    Møre og Romsdal166 778172 487181 116193 181
    Trøndelag - Trööndelage282 118305 808321 638350 591
    Nordland - Nordlánnda123 148129 616136 506143 123
    Troms og Finnmark - Romsa ja Finnmárku (2020-2023)..114 613121 407125 693
    Troms - Romsa (-2019)85 566......
    Finnmark - Finnmárku (-2019)27 744......
    Other6111 046513447
    Explanation of symbols

About the statistics

The statistics on banks and mortgage companies compile balance sheets and profit and loss accounts for credit institutions, finance companies and state lending institutions. The balance sheet shows assets, liabilities and equity. The profit and loss account shows revenues and expenses.

Balance sheet, monthly and yearly

The balance sheet shows assets, liabilities and equity at the end of the accounting period. The most important balance sheet items are presented by sector.

Profit and loss account, quarterly

The profit and loss account shows accumulated revenues and expenses throughout the year.

There are four types of classifications: object/instrument, sector, industry and type.

Finance objects and real objects (instruments)

Liabilities, claims and other assets in banks and financial corporations' balance sheets are divided into main equable groups, for example loans, bank deposits, bonds, shares etc.

Debtor and creditor sector

Borrowers and lenders are classified by institutional sector classification based on the national accounts' regulations. See our pages for the reporting institutions (in Norwegian)

Debtor and creditor industry

Based on regulations in the industry standard, loans and deposits are grouped according to which industry the debtor or creditor belongs to. See our pages for the reporting institutions (in Norwegian)

Income and cost types
Income and cost types are based on national account regulations. Examples of income and cost types are interest income and interest costs.

Name: Banks and mortgage companies
Topic: Banking and financial markets

2 May 2024

Division for Financial Markets Statistics

The whole country

The monthly balance sheet statistics is published 5 weeks after the reporting period. The profit and loss account is published 8 weeks after the reporting period. Yearly aggregated loans and deposits by county are published 6 months after the reporting period.

Reporting to the BIS, Eurostat, the IMF and the OECD.

Not relevant

The reporting procedure is made in collaboration between the Financial Supervisory Authority of Norway, Norges Bank and Statistics Norway. The data from banks and financial corporations form the basis for the supervision of the institutions and the financial markets. The data is also an information base for the monetary and credit market policy and a vital contribution to the statistics for credit indicators and monetary growth. The reporting is the main base for the official statistics on financial enterprises. It is also an important input in the national accounts and the balance of payments and the credit market statistics. The data is used for international reporting to the BIS, Eurostat, the IMF and the OECD etc.

The main area of application is statistics (publishing and input in other statistics), analysis and supervision (by the Financial Supervisory Authority of Norway). The data is included in the national accounts, financial sector accounts and the balance of payments. Important users other than Statistics Norway are Norges Bank, the Financial Supervisory Authority of Norway, Ministry of Finance, the financial services industry, researchers at universities and in international organisations, and the media.

Not relevant

The statistics are based on the guidelines in the national accounts standards System of National Accounts from 2008 (SNA 2008), European System of Accounts from 2010 (ESA 2010) and the IMF Manual on Monetary and Financial Statistics.

Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.

The main part of the data covered here is collected under the provisions of the Act on the Supervision of Credit Institutions, Insurance Companies and Securities Trading etc. (Financial Supervision Act) of 7 December 1956 no. 1 (with amendments per 1 July 2003). Reporting from Norges Bank and from state lending institutions is obtained under the provisions of the Act concerning official statistics and Statistics Norway of 21 June 2019 no. 32 (the Statistics Act).

Council directive 635/86 Accounting directive for banks and other credit institutions.

Council directive 2006/48/EF Supervisory directive relating to the taking up and pursuit of the business of credit institutions

Council regulation 295/2008. Council regulation 251/2009 Amendments to council regulation 295/2008.

Council regulation 2223/96 The regulation covers the European system for national and regional accounts.

Council regulation 1392/2007 Amendments to council regulation 2223/96.

Council regulation 1606/2002 Regulation on the application of international accounting standards

Council regulation 297/2008 Amendments to council regulation 1606/2002

The financial statistics is based on balance sheet and profit and loss account data from Norges Bank, all banks, state lending institutions, mortgage companies and financial companies in Norway, including foreign companies' branches in Norway.

The data is based on reconciliated accounting data from financial institutions.

The accounting statistics are based on the total count.

The Financial Supervisory Authority of Norway and Statistics Norway work together to collect the accounting data. All data is reported electronically via the official Norwegian portal Altinn. The reporting institutions receive automatic feedback on errors or possible errors in the reporting. These errors should be corrected within two days. After Statistics Norway complete to process the data, the reporting institutions may be asked to control, verify or correct other data not included in the automatic feedback. Corrections from the reporting institutions are received continuously.

Not relevant
Not relevant

Amendments to the Accounting Act and regulations
The accounting statistics for financial institutions is based on current accounting regulations for financial institutions. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the financial institutions.

Structural changes in the financial sector
There are several new companies, acquisitions, mergers, spin-offs, reclassifications and portfolio movements every year. Many of these structural changes have no significant impact on the statistics, while others lead to breaches in the time series. Major changes will be commented upon in the current statistics publication.

Regulation on loans
The IFRS-adapted regulation on loans was introduced 1. January 2005. Which led to a small change in the measuring of the value of loans and guaranties in the accounting data and thereby to a small breach in the time series for loans and loan loss provisions. There was also a breach in the time series on loans in 1992 due to changes in accounting rules.

Changes in the presentation of the statistics
Data specifications are updated continuously. An example of changes in data series is that Credit lines secured on dwellings became a new specification from January 2006 and was partly deducted from repayment loans secured on dwellings.

Norwegian covered bonds
Covered bonds are bonds conferring a preferential claim over a cover pool consisting of public sector loans and loans secured on dwellings or other real property. Only mortgage companies with special authorisation can issue covered bonds in Norway, and these bonds have been issued since June 2007.

On 24 October 2008, the Norwegian Parliament granted the Ministry of Finance the authority to put into effect an arrangement where Norwegian banks could “swap” covered bonds with treasury bills. This “swap agreement” was aimed at reducing the negative effects of the financial crisis. The banks can acquire covered bonds either in the market or directly from mortgage companies that are licensed to issue covered bonds. Since the announcement of this offer by the Norwegian government, several new mortgage companies have been established. As a result, lending portfolios have been swapped between banks and mortgage companies.

New specification on industries
In May 2009, a new Norwegian standard for industries were introduced in the financial statistics. This change increased the possibilities to track the development in loans for important individual industries. It also led to breaches in time series for loans by industry. This makes comparison of loans by industry difficult in the period before and after May 2009 on monthly basis, and before and after May 2010 on yearly basis for several industries.

New institutional grouping of sectors
From January 2012, a new Norwegian standard for institutional grouping of sectors were made in line with revised international standards, which Norway is obliged to follow. From March 2012 onwards, this led to breaches in the accounting statistics for banks and financial institutions.

Some companies that were classified as non-financial institutions are now classified as financial institutions. Loan to these institutions should no longer be allocated between different industries and are no longer included in the statistics for loans by industry. The industry for professional and financial services is particularly affected, since many of the institutions that were included earlier, have been moved from non-financial institutions to financial institutions.

New specifications of deposits
As of April 2015, new deposit specifications were introduced in the balance sheet reporting. Some deposit series from the periods prior to April 2015 are therefore not comparable with later periods. See this article for more information:

Customisation of reporting from banks and finance companies (ORBOF) to international accounting standards (IFRS 9)
From January 2018 onwards, there has been completed a large restructuration of the reporting that is the basis for this statistic. This was an extensive restructuration and implied change of definitions in the reported data, which affected both the balance sheet and the profit and loss account. It also led to changes in the scope of some objects in the reporting. Due to the new reporting standard, there are breaches in some time series that makes it challenging to compare data before and after January 2018. See this article for more information:

Errors and discrepancies can occur in the accounting data. These discrepancies can have a several sources:

*Errors in the reporting party's accounts

*Errors in the transfer of data from the institution's primary accounts to data reports and to recipients

*Different accounting and evaluation principles

*Different accounting dates for transactions

*Insufficient data from the reporting parties

*Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceding publishing. Large and important revision however, will be commented upon in the publishing of today's statistics.

The statistics show preliminary figures. Data may be revised in future publications.