Restructuring of fixed interest rate statistics


From the first quarter (Q1) of 2015, the fixed-interest rate statistics will be based on a new source. The data in the new fixed-interest rate statistics and Statbank table 10648 are not directly comparable with the old statistics (http:// http://www.ssb.no/en/bank-og-finansmarked/statistikker/orbofur and Statbank table 08115).

The new fixed-interest rate statistics will show the borrowed amount (broken down by type of loan) with the accompanying interest rate to the public sectors (households, non-financial enterprises and municipalities), divided by the remaining fixed interest period. In the new statistics, floating interest rate is defined as loans with a remaining interest period of less than 3 months. The statistics only include loans in Norwegian kroner.


Old specification New specification
No fixed interest rate Less than 3 months, floating interest rate
Up to 1 month  
From 1-3 months  
From 3 months to 1 year From 3 months to 1 year
From 1 to 5 years From 1 to 3 years
  From 3 to 5 years
Over 5 years Over 5 years


The old fixed-interest rate statistics (table 08115) show the total outstanding loans to Norwegian and foreign customers and credit institutions, broken down into different intervals by the remaining fixed interest period. The old statistics include loans in both Norwegian and foreign currency. The published articles previously focused on the fixed-interest loans as shares of total outstanding loans. In the old statistics, floating rate is defined as loans with no remaining fixed-interest rate period. The old fixed-interest statistics also included series of loans to credit institutions, other financial enterprises, state and municipal government and foreign customers.

In table 08115, foreign currency loans are included, while table 10648 contains only loans in Norwegian kroner. At the end of December 2014, only 5.1 per cent of the lending to the public sector was in foreign currency. For employees, the currency loans only amounted to 0.7 per cent.