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/en/bank-og-finansmarked/statistikker/k2/maaned
92441
Decrease in debt growth
statistikk
2013-01-31T10:00:00.000Z
Banking and financial markets
en
k2, The credit indicator C2, general public’s gross domestic debt, credit expansion, credit transactions, liabilities, creditFinancial indicators, Banking and financial markets
false

The credit indicator C2, December 2012

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Decrease in debt growth

The twelve-month growth in the credit indicator C2 was 6.5 per cent to end-December 2012, down from 7.1 per cent the previous month. The fall stems from decreased debt growth in non-financial corporations and municipal government.

The general public’s gross domestic debt (C2). Percentage changePublished 31 January 2013
July 2012August 2012September 2012October 2012November 2012December 2012
1Annualised figure
12-month growth, total7.27.16.96.97.16.5
3-month moving average, total16.87.27.06.96.1..
12-month growth, households7.27.17.07.17.27.2
12-month growth, non-financial corporations7.06.66.66.56.45.0

Source: Statistics Norway

Credit indicator C2. Percentage change

The general public’s gross domestic debt C2 amounted toNOK4 089 billion at end-December, down from NOK 4 093 billion the previous month.

Unchanged debt growth for households

Households’ gross domestic debt totalledNOK2 377 billion at end-December, up from NOK 2 370 billion the previous month. The twelve-month growth was 7.2 per cent to end-December, unchanged compared to the previous month.

Reduced debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted toNOK1 368 billion at end-December, down from NOK 1 380 billion at end-November. The twelve-month growth was 5.0 per cent to end-December, down from 6.4 per cent the month before.

Reduced debt growth for municipal government

Municipal government’s gross domestic debt totalledNOK344 billion at end-December, unchanged from the month before. The twelve-month growth was 7.5 per cent to end-December, down from 8.6 per cent to end-November.

Growth rates affected by portfolio shifts

Of the general public’s gross domestic debt, nearly half consisted of bank loans at end-December. This amounted to NOK 1 996 billion. The twelve-month growth in bank loans was 1.0 per cent to end-December, down from 1.5 per cent to end-November. Mortgage companies’ loans amounted toNOK1 364 billion at end-December, up from NOK 1 352 billion at end-November. The twelve-month growth in mortgage company loans was 11.8 per cent to end-December, down from 12.3 per cent the month before.

The growth rates are affected by transfers of loans from banks to mortgage companies. The growth rate for banks and mortgage companies in total was 5.1 per cent to end-December, down from 5.6 per cent the previous month.

High activity in the securities market

The twelve-month growth rate in bond debt was 13.7 per cent to end-December, up from 11.7 per cent to end-November. The twelve-month growth rate in certificate debt was 23.1 per cent to end-December, down from 37.2 per cent the previous month.