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/en/bank-og-finansmarked/statistikker/banker/kvartalsresultat
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statistikk
2018-02-12T08:00:00.000Z
Banking and financial markets
en
banker, Banks and mortgage companies, finance companies, state lending institutions, loans, deposits, financing, mortgages, bonds, commercial papers, shares, ownership interest, assets, liabilities, foreign banks, borrowersFinancial institutions and other financial corporations, Banking and financial markets
true

Banks and mortgage companies

Quarterly results for 1st quarter of 2018 is delayed until September due to a large change of the statistics.

Updated

Next update

Main figures. NOK million1
December 2016December 2017Percentage change
1Net interest income and pre-tax profit are accumulated figures since beginning of the year.
Banks
Total assets4 913 7945 144 1364.7
Net interest income70 43276 8839.2
Pre-tax profit54 35759 1288.8
Mortgage companies
Total assets2 027 9182 148 1055.9
Net interest income14 40017 37720.7
Pre-tax profit4 8277 79361.4

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Table 1 
Banks, quarterly profit and loss accounts. NOK million (cumulative)

Banks, quarterly profit and loss accounts. NOK million (cumulative)
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Total interest income and similar income113 72929 24758 38888 907118 380
Interest etc. income on loans and demands on customers and credit institutions101 53026 06152 53680 230107 170
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities9 9612 5654 9967 3719 507
Other interest income2 2386218561 3061 703
 
Total interest expenses and similar expenses43 29610 78420 95931 43541 497
Interest and similar expenses on deposits from and debt to customers and credit institutions27 3486 86313 94521 01930 987
Interest and similar expenses on issued capital12 0962 8575 6637 8218 324
Other interest expenses3 8521 0651 3512 5952 187
 
Net interest income70 43218 46337 42957 47276 883
 
Net commission income16 9684 3248 96113 65718 458
Commission income22 4465 78511 84018 14424 555
Commission costs5 4781 4602 8794 4876 097
 
Total net changes in value and gain/loss on securities and currency7 0661 9562 9143 8885 766
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities-1 271492693397-442
Net changes in value and gain/loss on shares and other securities with variable return978161-271293777
Net changes in value and gain/loss on currency4 5356308021 9522 302
Net changes in value and gain/loss on other financial assets and liabilities2 8236731 6891 2453 129
 
Total other operating income17 9231 7876 3779 04315 444
Income from shares and other securities with variable return3 7551341 3781 4394 035
Income fromownership interest in associated companies and group companies6 5655882 5052 7023 582
Other operating income (incl. gain on sale on real property)7 6031 0652 4954 9027 828
 
Total administration expenses35 6969 39419 03028 79139 540
Wages and other personnel expenses21 8735 82511 75317 85524 471
Other administration costs13 8233 5697 27610 93615 069
 
Total other operating costs9 3292 2604 7907 25910 829
Depreciation and write-down2 9526441 3041 9223 106
Other operating costs (incl. losses on sale on real property)6 3771 6163 4865 3377 723
 
Pre-loss profit67 36414 87531 86048 01066 182
 
Losses on loans and guarantees etc.13 0081 3583 3825 1187 055
Loss on loans12 1859701 9133 8496 187
Loss on guarantees (incl. credit losses on securities)8233881 4691 269868
 
Pre-tax profit54 35713 51728 47842 89159 128
Other profit components038825
Taxes on ordinary profit11 3653 0096 1669 52212 755
 
Profit and loss at end of period42 99310 51122 32033 37846 398

Table 2 
Finance companies, quarterly profit and loss accounts. NOK million (cumulative)

Finance companies, quarterly profit and loss accounts. NOK million (cumulative)
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Total interest income and similar income10 5262 6275 4808 04910 901
Interest etc. income on loans and demands on customers and credit institutions10 5242 6275 4798 04810 899
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities00000
Other interest income20112
 
Total interest expenses and similar expenses2 6156711 4352 0422 757
Interest and similar expenses on deposits from and debt to customers and credit institutions2 4046181 3131 9192 559
Interest and similar expenses on issued capital7818545471
Other interest expenses133346868128
 
Net interest income7 9111 9564 0456 0078 143
 
Net commission income45266179254284
Commission income3 1556681 4632 3093 028
Commission costs2 7036021 2842 0552 745
 
Total net changes in value and gain/loss on securities and currency605-12-31-28
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities00000
Net changes in value and gain/loss on shares and other securities with variable return..........
Net changes in value and gain/loss on currency262-16-40-44
Net changes in value and gain/loss on other financial assets and liabilities3435916
 
Total other operating income530125243362522
Income from shares and other securities with variable return1........
Income fromownership interest in associated companies and group companies100..8
Other operating income (incl. gain on sale on real property)528125243362514
 
Total administration expenses2 4576431 2141 7922 502
Wages and other personnel expenses1 4874227671 1561 587
Other administration costs970221448636916
 
Total other operating costs1 2683286519251 248
Depreciation and write-down20149101152206
Other operating costs (incl. losses on sale on real property)1 0662805507731 043
 
Pre-loss profit5 2281 1812 5903 8765 171
 
Losses on loans and guarantees etc.8252655368081 013
Loss on loans9642665348201 353
Loss on guarantees (incl. credit losses on securities)-139-22-11-340
 
Pre-tax profit4 4039162 0543 0684 157
Other profit components..........
Taxes on ordinary profit1 333223490726786
 
Profit and loss at end of period3 0706931 5642 3423 372

Table 3 
Mortgage companies, quarterly profit and loss accounts. NOK million (cumulative)

Mortgage companies, quarterly profit and loss accounts. NOK million (cumulative)
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Total interest income and similar income41 86010 71821 61432 45643 405
Interest etc. income on loans and demands on customers and credit institutions40 16110 23120 63531 05141 527
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities1 4523496949431 306
Other interest income247139284462571
 
Total interest expenses and similar expenses27 4606 97613 55619 85326 028
Interest and similar expenses on deposits from and debt to customers and credit institutions3 7139141 8472 7273 620
Interest and similar expenses on issued capital31 2425 77412 94620 75327 967
Other interest expenses-7 496289-1 237-3 628-5 559
 
Net interest income14 4003 7428 05812 60317 377
 
Net commission income-1 571-468-1 015-1 663-2 383
Commission income18345101152201
Commission costs1 7545131 1161 8142 584
 
Total net changes in value and gain/loss on securities and currency-3 918-1 664-2 842-3 119-3 050
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities12 977-18-5 450-1 625-8 099
Net changes in value and gain/loss on shares and other securities with variable return00111
Net changes in value and gain/loss on currency-129-219-833-337-812
Net changes in value and gain/loss on other financial assets and liabilities-16 766-1 4273 440-1 1595 859
 
Total other operating income1083152226
Income from shares and other securities with variable return70666
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)101381620
 
Total administration expenses3 4483299131 6062 336
Wages and other personnel expenses371105195296452
Other administration costs3 0772247181 3091 884
 
Total other operating costs572124267417661
Depreciation and write-down329182635
Other operating costs (incl. losses on sale on real property)540115250391626
 
Pre-loss profit5 0001 1603 0355 8208 973
 
Losses on loans and guarantees etc.173-31009451 180
Loss on loans173-31009451 180
Loss on guarantees (incl. credit losses on securities)..........
 
Pre-tax profit4 8271 1622 9354 8747 793
Other profit components-33-6-12-18-32
Taxes on ordinary profit1 1752847361 4182 166
 
Profit and loss at end of period3 6198722 1883 4385 594

Table 4 
State lending institutions, quarterly profit and loss accounts. NOK million (cumulative)

State lending institutions, quarterly profit and loss accounts. NOK million (cumulative)
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Total interest income and similar income6 2861 5513 1534 7566 429
Interest etc. income on loans and demands on customers and credit institutions6 2861 5513 1534 7566 429
Interest and similar income on treasury bills, government bonds and other interest-bearing capital securities..........
Other interest income..........
 
Total interest expenses and similar expenses6 7131 7123 4985 3127 061
Interest and similar expenses on deposits from and debt to customers and credit institutions6 6851 7043 4825 2897 037
Interest and similar expenses on issued capital..........
Other interest expenses288162423
 
Net interest income-427-161-345-557-631
 
Net commission income-47-12-24-36-48
Commission income12361014
Commission costs5915304561
 
Total net changes in value and gain/loss on securities and currency-1301-5-17
Net changes in value and gain/loss on treasury bills, government bonds and other interest-bearing sercurities..........
Net changes in value and gain/loss on shares and other securities with variable return1....0-17
Net changes in value and gain/loss on currency-1401-60
Net changes in value and gain/loss on other financial assets and liabilities..........
 
Total other operating income27 5648 82313 27021 44929 561
Income from shares and other securities with variable return0..000
Income fromownership interest in associated companies and group companies..........
Other operating income (incl. gain on sale on real property)27 5648 82313 27021 44929 561
 
Total administration expenses1 6514148521 2101 680
Wages and other personnel expenses1 1843116138771 197
Other administration costs467104239333483
 
Total other operating costs24 2158 03111 59119 14726 070
Depreciation and write-down636916
Other operating costs (incl. losses on sale on real property)24 2108 02811 58519 13826 054
 
Pre-loss profit1 2102054594941 115
 
Losses on loans and guarantees etc.1 1241473424621 152
Loss on loans1 1221473424621 153
Loss on guarantees (incl. credit losses on securities)2......-2
 
Pre-tax profit865811732-36
Other profit components..........
Taxes on ordinary profit..........
 
Profit and loss at end of period865811732-36

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.

Definitions

Definitions of the main concepts and variables

Balance sheet

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.

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, a number of new mortgage companies have been established. As a result, lending portfolios have been swapped between banks and mortgage companies.

 

Standard classifications

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.

Debitor and creditor sector

Borrowers and lenders are classified by institutional sector classification based on the national accounts' regulations. See our pages for the reporting insttitutions;

http://www.ssb.no/a/innrapportering/orbof/

Debitor and creditor industry

Based on regulations in the industry standard, loans and deposits are grouped according to which industry the debitor or creditor belongs to. See our pages for the reporting insttitutions;

http://www.ssb.no/a/innrapportering/orbof/

Income and cost types
Income and cost types are based on regulations for the national accounts. Examples of income and cost types are interest income and interest costs.

Administrative information

Name and topic

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

Next release

Responsible division

Division for Financial Corporations

Regional level

The whole country

Frequency and timeliness

The statistics is published monthly, normally 5 weeks after the end of the month.

International reporting

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

Microdata

Not relevant

Background

Background and purpose

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 statistics production is done by Statistics Norway from 1. January 2007.

Users and applications

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. Other important users 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.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the national accounts standards System of National Accounts from 1993 (SNA 1993), European System of Accounts from 1995 (ESA 1995) 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.

Legal authority

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 The Central Bank of Norway (Norges Bank) and from state lending institutions is obtained under the provisions of the Act concerning official statistics and Statistics Norway of 16 June 1989 no. 54 (the Statistics Act).

EEA reference

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

Production

Population

The financial statistics is based on balance sheet and profit and loss account data from Norges Bank, all banks, state lending institutions, the mortgage companies and the finance companies in Norway, including foreign companies' branches in Norway. Consolidated data is also available, but is not used for national statistics purposes.

Data sources and sampling

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

Total count.

Collection of data, editing and estimations

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 data processing in Statistics Norway, 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.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

The accounting statistics for the 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 like new companies, mergers and spin-offs, and portfolio movements, may also lead to breaches in the time series.

International Financial Reporting Standard (IFRS)
The new accounting standard IFRS is an example of a change that has causedbreaches in the time series. From 2009 the reporting companies may report according to the IFRS standard and other entities may follow NGAAP. The IFRS standard will lead to larger fluctuations in the data because of the more extensive use of fair value in the accounting. The comparison of the reported data with the companies' official accounts is also challenging when the IFRS standard does not require a specific presentation of the accounts, as the traditional Norwegian accounting standards do.

Regulation on loans
The IFRS-adapted regulation on loans was introduced 1. January 2005. It lead 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 were also a breach in the time series on loans in 1992 due to changed accounting rules.

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

Structural changes
There are several mergers, spin-offs and new companies being started 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.

Portfolio movements
The introduction of IFRS, the regulation on loans and the structural changes mentioned, has lead to portfolio movements. Following the covered bonds legislation in Norway from 2008 on loan portfolios have been moved from banks to mortgage companies. This gives breaches in the time series and needs to be taken into consideration when interpreting the data.

Accuracy and reliability

Sources of error and uncertainty

Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of 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 preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.

Revision

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