Banks and mortgage companies

Updated: 9 November 2021

Next update: 3 December 2021

Deposits from households
Deposits from households
September 2021
1 517 328
NOK million

Selected tables and figures from this statistics

Loans from banks by industry. NOK million
Loans from banks by industry. NOK million
June 2021July 2021August 2021September 2021
All industries1 571 1131 565 8171 575 8031 582 030
Agriculture55 76855 57955 90855 870
Forestry4 0264 0374 0854 062
Fishing and hunting39 26139 44739 77941 038
Fish farming services35 34635 48237 85039 776
Mining and quarrying8 4368 6058 3688 679
Services linked to extraction of crude petroleum and natural gas3 1733 4273 3913 333
Extraction of crude petroleum and natural gas7 5807 2586 8807 437
Industry75 78977 93778 68678 446
Ship and boat building5 2115 0806 5465 169
Electricity and water supply54 09052 03852 85952 691
Water supply, drainage and waste disposal7 0287 0297 1407 062
Real estate development146 114144 061145 018148 330
Building and construction work beyond real estate development45 69945 50946 48446 474
Commodity trade etc71 69769 21069 57373 353
Sea transport abroad and transport via pipelines59 75660 75660 66560 958
Transportation and storage64 10362 45662 68665 125
Hotels and restaurants18 88719 01718 69318 686
Information and communication18 23017 04117 83117 918
Real estate, renting and business activities681 991680 171682 704676 973
Professional and financial services80 86682 85983 59981 512
Businesslike services40 19041 18139 17440 240
Other service activities47 87247 63947 88548 899
Explanation of symbols
Loans by type, from banks to households. NOK million
Loans by type, from banks to households. NOK million1
June 2021July 2021August 2021September 2021
Credit lines, secured on dwellings156 299155 477156 734158 517
Credit lines, secured on commercial property13 02113 13313 32013 461
Credit lines, secured on other items14 65914 64214 67214 829
Credit card loans23 20623 47923 67823 082
Factoring143150153152
Leasing6 0806 1006 1356 222
Other credit lines, without collateral16 29316 25616 28716 390
Repayment loans secured on dwellings1 141 1301 153 1071 153 7201 159 474
Repayment loans, secured on commercial property62 44262 64962 81962 962
Repayment loans, secured on other items85 66686 38686 86988 200
Repayment loans, without collateral40 18639 84639 83744 025
Repurchase agreement614365403415
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
June 2021July 2021August 2021September 2021
Total deposits1 532 9511 528 4181 520 6951 517 328
Transaction deposits1 367 9731 364 5641 357 9871 355 213
Deposits with short agreed maturity95 36195 31494 94895 372
Deposits with long agreed maturity6 2656 2216 1466 079
Tax deduction accounts536367479323
Deposits related to pension schemes415413417425
Housing savings for young people56 73355 88855 08154 287
Deposits tied to other purposes5 6685 6525 6365 630
Explanation of symbols
Loans from financial corporations by borrower sector. NOK million
Loans from financial corporations by borrower sector. NOK million
June 2021July 2021August 2021September 2021
Banks
Non-financial corporations1 424 0471 417 0881 426 5441 432 284
Financial corporations562 907542 318545 747550 754
General government9 1677 35710 27411 904
Non-profit institutions serving households15 50115 72915 59815 449
Households1 549 9321 561 9941 565 0441 578 984
Rest of the world445 405429 815434 837442 244
Finance companies1
Non-financial corporations81 584....82 261
Financial corporations352....349
General government2 091....2 098
Non-profit institutions serving households304....310
Households97 390....99 479
Rest of the world10 521....12 016
Mortgage companies
Non-financial corporations43 53943 66743 68443 907
Financial corporations14 51312 01216 60311 695
General government306 312306 783307 524306 512
Non-profit institutions serving households1 8491 8581 8671 855
Households1 874 5811 878 2941 887 7621 892 261
Rest of the world4 2234 9274 8924 873
State lending institutions
Non-financial corporations38 68838 92739 07438 979
Financial corporations22222226
General government85 07485 06585 54985 493
Non-profit institutions serving households10 85710 91711 05311 026
Households266 399262 221266 533267 958
Rest of the world3 6633 5863 6643 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
3rd quarter 20183rd quarter 20193rd quarter 20203rd quarter 2021
Total interest income and similar income95 429112 825102 19079 829
Total interest expenses and similar expenses35 13346 73835 64717 724
Net interest income60 29666 08766 54362 105
Total income126 919152 677137 089119 581
Total cost76 37591 89480 37164 199
Pre-loss profit50 54560 78356 71955 383
Total credit loss on loans, guarantees and securities2 8115 95426 6293 415
Confirmed credit losses on loans2 5783 8593 3545 435
Pre-tax profit47 73454 82930 09051 968
Taxes on ordinary profit10 81112 1006 30011 669
Profit and loss before other comprehensive income36 92242 72823 79040 298
Other comprehensive income before taxes644-1 320-942474
Taxes on other comprehensive income-122253134-112
Comprehensive income37 44541 66222 98240 661
Explanation of symbols
Deposits by county. NOK million
Deposits by county. NOK million
2017201820192020
Viken......563 775
Østfold (-2019)86 15491 93397 399..
Akershus (-2019)265 046281 358293 192..
Buskerud (-2019)103 186114 403112 568..
Oslo566 356564 317598 536710 447
Innlandet......168 375
Hedmark (-2019)70 76976 48484 892..
Oppland (-2019)64 29668 11269 411..
Vestfold and Telemark......160 812
Vestfold (-2019)78 42982 13985 536..
Telemark (-2019)54 04256 73459 406..
Agder......124 453
Aust-Agder (-2019)39 45439 16240 978..
Vest-Agder (-2019)66 21567 09969 932..
Rogaland214 088224 879235 258263 424
Vestland......307 905
Hordaland (-2019)219 229224 632231 681..
Sogn og Fjordane (-2019)48 77650 57653 438..
Møre og Romsdal107 253109 404113 120123 583
Trøndelag - Trööndelage..177 838189 947214 208
Sør-Trøndelag (-2017)123 843......
Nord-Trøndelag (-2017)43 419......
Nordland - Nordlánnda84 55089 14796 600103 762
Troms og Finnmark - Romsa ja Finnmárku......97 862
Troms - Romsa (-2019)58 29161 12162 822..
Finnmark - Finnmárku (-2019)21 71223 36225 267..
Other799678976950
Explanation of symbols
Loans from banks by county. NOK million
Loans from banks by county. NOK million
2017201820192020
Viken......569 463
Østfold (-2019)96 698106 590103 723..
Akershus (-2019)271 568304 779309 068..
Buskerud (-2019)116 696124 680125 935..
Oslo852 616804 258978 748962 839
Innlandet......161 396
Hedmark (-2019)83 24689 28193 306..
Oppland (-2019)62 84967 49565 842..
Vestfold and Telemark......176 444
Vestfold (-2019)94 368102 005100 767..
Telemark (-2019)66 54670 14673 385..
Agder......145 057
Aust-Agder (-2019)47 59347 14245 692..
Vest-Agder (-2019)95 47098 58096 155..
Rogaland276 113279 929291 153292 966
Vestland......357 153
Hordaland (-2019)276 785298 278301 131..
Sogn og Fjordane (-2019)55 37359 22256 478..
Møre og Romsdal160 318174 520166 778172 495
Trøndelag - Trööndelage..268 094282 118305 807
Sør-Trøndelag (-2017)192 777......
Nord-Trøndelag (-2017)58 255......
Nordland - Nordlánnda113 360121 040123 148129 614
Troms og Finnmark - Romsa ja Finnmárku......114 611
Troms - Romsa (-2019)75 20083 47885 566..
Finnmark - Finnmárku (-2019)25 70226 53527 744..
Other3773486111 046
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);

https://www.ssb.no/innrapportering/naeringsliv/orbof

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);

https://www.ssb.no/innrapportering/naeringsliv/orbof

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

3 December 2021

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: https://www.ssb.no/bank-og-finansmarked/artikler-og-publikasjoner/pengemengdestatistikken

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: https://www.ssb.no/bank-og-finansmarked/omlegging-av-bankstatistikken

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.





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