157086_not-searchable
/en/bank-og-finansmarked/statistikker/k2/maaned
157086
Decreased debt growth
statistikk
2014-06-02T10:00:00.000Z
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, April 2014

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Decreased debt growth

The twelve-month growth in the credit indicator C2 was 5.6 per cent to end-April, down from 5.7 per cent the previous month.

The general public’s gross domestic debt (C2). Percentage changePublished 2 June 2014
November 2013December 2013January 2014February 2014March 2014April 2014
1Annualised figure
12-month growth, total6.06.05.75.85.75.6
3-month moving average, total15.54.43.94.55.8..
12-month growth, households7.07.06.86.76.96.8
12-month growth, non-financial corporations3.83.83.13.63.23.2

Source: Statistics Norway

Figure 1. Credit indicator (C2)

The general public’s gross domestic debt C2 amounted to NOK 4 443 billion at end-April, up from NOK 4 419 billion at end-March.

Decrease in debt growth for households

Households’ gross domestic debt totalled NOK 2 602 billion at end-April, up from NOK 2 588 billion the previous month. The twelve-month growth was 6.8 per cent to end-April, down from 6.9 per cent the month before.

Unchanged debt growth for non-financial corporations

Non-financial corporations’ gross domestic debt amounted to NOK 1 456 billion at end-April, up from NOK 1 449 billion at end-March. The twelve-month growth was 3.2 per cent to end-April, unchanged compared to the previous month.

Decreased debt growth for municipal government

Municipal government’s gross domestic debt totalled NOK 385 billion at end-April, up from NOK 383 billion at end-March. The twelve-month growth was 7.5 per cent to end-April, down from 7.9 per cent the previous month.

Growth rates affected by portfolio movements

Of the general public’s gross domestic debt, nearly half consisted of bank loans at end-April. This amounted to NOK 2 126 billion. The twelve-month growth in bank loans was 4.4 per cent to end-April, up from 3.8 per cent the previous month. Mortgage companies’ loans amounted to NOK 1 433 billion at end-April, down from NOK 1 443 billion at end-March. The twelve-month growth in mortgage company loans was 2.7 per cent to end-April, down from 3.7 per cent the previous month.

The growth rates are still affected by transfers of loans between banks and mortgage companies. The growth rate for loans from banks and mortgage companies in total was 3.7 per cent to end-April, marginally down from 3.8 per cent to end-March.

Continued high activity in the bond market

The twelve-month growth rate in bond debt was 16.5 per cent to end-April, down from 20.2 per cent to end-March. The twelve-month growth rate in certificate debt was 4.7 per cent to end-April, up from -5.0 per cent the previous month.