Banks and mortgage companies

Updated: 4 December 2023

Next update: 5 January 2024

Deposits from households
Deposits from households
October 2023
1 638 748
NOK million
Banks and mortgage companies, selected figures. NOK million
Banks and mortgage companies, selected figures. NOK million
September 2023October 2023
Loans to households1 701 7411 713 945
Loans to the manufacturing industry101 074105 438
Deposits from households1 643 1531 638 748
Housing savings for young people46 40645 631
Mortgage companies
Loans to households2 038 1922 033 164
Loans to the manufacturing industry1 8441 884
Explanation of symbols

Selected tables and charts from this statistics

  • Loans from banks by industry. NOK million
    Loans from banks by industry. NOK million
    July 2023August 2023September 2023October 2023
    All industries1 866 8781 877 5661 868 8261 881 321
    Agriculture63 90864 51665 09765 672
    Forestry3 7783 8223 8943 923
    Fishing and hunting50 00252 19751 14251 959
    Fish farming services56 03951 85449 76653 082
    Mining and quarrying8 5808 5558 6707 848
    Services linked to extraction of crude petroleum and natural gas1 2531 3081 3111 353
    Extraction of crude petroleum and natural gas5 4015 9554 5035 676
    Industry104 505102 129101 074105 438
    Ship and boat building3 6423 2693 6362 966
    Electricity and water supply56 62459 70656 30457 788
    Water supply, drainage and waste disposal9 4889 70710 34810 618
    Real estate development171 061173 133171 683171 099
    Building and construction work beyond real estate development52 89753 56354 51351 834
    Commodity trade etc99 03999 93099 62599 269
    Sea transport abroad and transport via pipelines54 28957 55055 12655 240
    Transportation and storage57 36956 34159 00160 286
    Hotels and restaurants21 36520 87821 20722 156
    Information and communication20 97421 41321 19221 288
    Real estate, renting and business activities815 837819 677823 188826 827
    Professional and financial services120 067121 124116 564116 746
    Businesslike services42 23542 21742 07542 317
    Other service activities48 52548 72248 90847 936
    Explanation of symbols
  • Loans by type, from banks to households. NOK million
    Loans by type, from banks to households. NOK million1
    July 2023August 2023September 2023October 2023
    Credit lines, secured on dwellings190 620193 040193 881198 436
    Credit lines, secured on commercial property14 46214 63714 87915 136
    Credit lines, secured on other items14 94314 61614 54613 130
    Credit card loans24 63924 50824 72525 199
    Factoring1 1811 1191 2371 151
    Leasing9 0579 0149 0799 720
    Other credit lines, without collateral13 13513 14712 83412 579
    Repayment loans secured on dwellings1 242 3731 247 1611 236 4141 244 839
    Repayment loans, secured on commercial property64 78265 05765 40566 348
    Repayment loans, secured on other items96 22695 83295 06293 726
    Repayment loans, without collateral38 09038 81338 32638 457
    Repurchase agreement2 9382 9522 9162 930
    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
    July 2023August 2023September 2023October 2023
    Total deposits1 656 3791 650 0041 643 1531 638 748
    Transaction deposits1 396 6961 383 2401 368 7491 356 893
    Deposits with short agreed maturity191 390198 623205 326210 522
    Deposits with long agreed maturity14 10314 36914 84316 359
    Tax deduction accounts340449299420
    Deposits related to pension schemes394393377388
    Housing savings for young people47 06546 54946 40645 631
    Deposits tied to other purposes6 3916 3827 1538 534
    Explanation of symbols
  • Loans from financial corporations by borrower sector. NOK million
    Loans from financial corporations by borrower sector. NOK million
    July 2023August 2023September 2023October 2023
    Non-financial corporations1 691 5771 700 8081 691 7991 702 956
    Financial corporations643 287625 166635 569635 312
    General government7 0848 1859 5029 267
    Non-profit institutions serving households15 68015 39915 31615 337
    Households1 705 0771 712 4461 701 7411 713 945
    Rest of the world586 947610 731640 354734 811
    Finance companies1
    Non-financial corporations....91 348.
    Financial corporations....380.
    General government....2 319.
    Non-profit institutions serving households....329.
    Households....101 848.
    Rest of the world....16 419.
    Mortgage companies
    Non-financial corporations50 38950 65651 03651 399
    Financial corporations11 89913 00715 32241 280
    General government333 650340 257339 244340 978
    Non-profit institutions serving households986988991973
    Households2 016 1312 017 0792 038 1922 033 164
    Rest of the world7 0424 5294 6167 243
    State lending institutions
    Non-financial corporations36 78736 81836 57736 566
    Financial corporations27272727
    General government105 369106 434106 002105 593
    Non-profit institutions serving households12 14112 30412 28912 105
    Households285 559290 504292 194292 270
    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
    3rd quarter 20203rd quarter 20213rd quarter 20223rd quarter 2023
    Total interest income and similar income102 19080 155118 326247 054
    Total interest expenses and similar expenses35 64717 82944 719151 275
    Net interest income66 54362 32673 60795 778
    Total income137 089119 907150 052286 292
    Total cost80 37164 31493 301206 307
    Pre-loss profit56 71955 59456 75179 985
    Total credit loss on loans, guarantees and securities26 6293 6311651 713
    Confirmed credit losses on loans3 3545 4316 0321 044
    Pre-tax profit30 09051 96356 58678 272
    Taxes on ordinary profit6 30011 66812 30817 531
    Profit and loss before other comprehensive income23 79040 29544 27860 740
    Other comprehensive income before taxes-9424741 850-14 815
    Taxes on other comprehensive income134-112-217-124
    Comprehensive income22 98240 65745 91045 802
    Explanation of symbols
  • Deposits by county. NOK million
    Deposits by county. NOK million
    Viken..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..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..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..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..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..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

5 January 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.