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54250
Growth in almost all counties
statistikk
2011-06-17T10:00:00.000Z
Banking and financial markets
en
orbofba, Financial corporations, loans and deposits, banks, mortgage companies, finance companies, state lending institutions, borrowers, depositorsFinancial institutions and other financial corporations, Banking and financial markets
false

Financial corporations, loans and deposits, 2010

As from 2016 the statistics is published with Banks and mortgage companies. The next release of annual figures wil be on 17 June 2016.

Content

Published:

This is an archived release.

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Growth in almost all counties

Total loans by county from Norwegian banks and mortgage companies increased by 4.8 per cent in 2010. All counties experienced an increase, except Svalbard and Sør-Trøndelag.

Total loans by county from Norwegian banks and mortgage companies amounted to NOK 3 259 billion at the end of 2010. This is an increase of NOK 150 billion, or 4.8 per cent, since the end of 2009. Nord-Trøndelag had the highest growth with 12.4 per cent, or NOK 6.6 billion. Aust-Agder followed with a 10.6 per cent growth, and Vest-Agder, Sogn og Fjordane and Akershus all experienced a growth around 9.5 per cent. There were only two counties that had a decrease in total loans from banks and mortgage companies in 2010. These were Svalbard and Sør-Trøndelag, with a 13.1 and 4.8 per cent decrease respectively.

Total loans from banks and mortgage companies. Selected counties. 1996-2010

Loans to financial corporations responsible for the decrease in Sør-Trøndelag

The decrease in Sør-Trøndelag of 4.8 was caused by a decrease in loans to financial corporations. These loans were reduced by NOK 21 billion, a total of 54.1 per cent, compared to the end of 2009.

Strongest growth in loans to households in Aust-Agder

Total loans by county to households from banks and mortgage companies amounted to NOK 1 842 billion at the end of 2010. This is an increase of NOK 132 billion, or 7.7 per cent, compared to the end of 2009. Loans to households increased in almost all counties. Aust-Agder had the highest growth with 11 per cent, closely followed by Finnmark and Rogaland with a growth of 9.8 and 9.7 per cent respectively. Svalbard experienced a decline in total loans of just over NOK 200 million during 2010. This equals a decrease of 52.1 per cent, which is the lowest growth among the counties. The rest of the counties had a growth in loans to households between 6.4 and 8.8 per cent in 2010.

Total loans to households from banks and mortgage companies. Selected counties. 1996-2010

The mortgage companies are solely responsible for the increase in loans to households in all but four counties. These four counties are Telemark, Rogaland, Sør-Trøndelag and Nord-Trøndelag. Figures for banks in isolation show a decrease in all counties except in those mentioned above, while the figures for the mortgage companies show strong growth, between 17.4 and 118.6 per cent, in all counties. As many as 13 counties experienced a growth higher than 31 per cent. The reason for this situation is that large portfolios of loans to households are moved from banks to mortgage companies. This is done in order to get favourable funding which only the mortgage companies have access to (covered bonds). As a consequence of the large portfolio movements of loans from banks to mortgage companies, these two credit institutions should be considered together in order to give an accurate picture of the growth in loans.

Growth in loans to non-financial corporations in all counties

Total loans by county to non-financial corporations from banks and mortgage companies amounted to NOK 973 billion at the end of 2010. This is an increase of NOK 56.5 billion, or 6.2 per cent, from the end of 2009. Finnmark had the strongest growth with 17 per cent, and an additional six counties had a growth of over 12 per cent in loans to non-financial corporations. These were; Akershus, Hedmark, Vest-Agder, Hordaland, Nord-Trøndelag and Troms, with a growth between 12.5 and 15.7 per cent. In Oppland, Aust-Agder, Sogn og Fjordane and Sør-Trøndelag the growth was between 8.5 and 9.7 per cent. Oslo experienced the lowest positive growth of 0.5 per cent.

Banks and mortgage companies. Loans to different sectors by county. Growth from 2009-2010
  Sum loans Loans to households Loans to non-financial corporations
  2010 2009 Growth Growth in per cent 2010 2009 Growth Growth in per cent 2010 2009 Growth Growth in per cent
østfold  134 524  125 739 8 785 7.0 91 481 85 654 5 827 6.8 31 693 30 620 1 073 3.5
Akershus  326 995  298 871 28 124 9.4  233 476  216 236 17 240 8.0 71 733 63 730 8 003 12.6
Oslo  742 737  728 508 14 229 2.0  274 100  257 499 16 601 6.4  260 291  258 882 1 409 0.5
Hedmark 88 471 81 831 6 640 8.1 58 054 54 428 3 626 6.7 19 829 17 518 2 311 13.2
Oppland 76 546 70 918 5 628 7.9 54 861 50 887 3 974 7.8 14 705 13 478 1 227 9.1
Buskerud  142 073  134 998 7 075 5.2 91 545 84 849 6 696 7.9 40 343 40 110  233 0.6
Vestfold  122 088  114 698 7 390 6.4 89 381 83 764 5 617 6.7 24 208 23 033 1 175 5.1
Telemark 74 157 68 315 5 842 8.6 53 620 49 280 4 340 8.8 12 323 11 627  696 6.0
Aust-Agder 59 505 53 822 5 683 10.6 37 464 33 766 3 698 11.0 13 992 12 895 1 097 8.5
Vest-Agder  108 472 99 022 9 450 9.5 65 693 60 700 4 993 8.2 31 812 27 537 4 275 15.5
Rogaland  324 990  302 624 22 366 7.4  191 840  174 816 17 024 9.7  115 347  110 283 5 064 4.6
Hordaland  330 959  329 640 1 319 0.4  187 832  175 569 12 263 7.0  114 965 99 376 15 589 15.7
Sogn og Fjordane 57 237 52 265 4 972 9.5 29 626 27 312 2 314 8.5 19 141 17 447 1 694 9.7
Møre og Romsdal  181 228  171 539 9 689 5.6 88 958 81 556 7 402 9.1 75 588 73 942 1 646 2.2
Sør-Trøndelag  189 770  199 433 -9 663 -4.8  106 691 99 533 7 158 7.2 52 807 48 553 4 254 8.8
Nord-Trøndelag 59 923 53 336 6 587 12.4 38 724 36 026 2 698 7.5 13 365 11 884 1 481 12.5
Nordland  120 682  112 431 8 251 7.3 75 040 69 304 5 736 8.3 32 716 30 781 1 935 6.3
Troms Romsa 84 001 78 451 5 550 7.1 52 054 48 925 3 129 6.4 20 074 17 566 2 508 14.3
Finnmark Finnmárku 32 275 29 620 2 655 9.0 21 416 19 512 1 904 9.8 6 153 5 257  896 17.0
Others1 2 002 2 303 -301 -13.1  217  453 -236 -52.1 1 734 1 795 -61 -3.4
Total 3 258 635 3 108 364  150 271 4.8 1 842 073 1 710 069  132 004 7.7  972 819  916 314 56 505 6.2
1  Svalbard, Jan Mayen and Kontinentalsokkelen.

These statistics give loans and deposits by county. County is determined by the borrower's and depositor's home/business address.

Non-financial corporations

Central government enterprises, state enterprises, local government enterprises, other municipal enterprises, private incorporated enterprises, e.g. limited companies and private non-profit institutions serving enterprises.

Households

Quasi-corporate private enterprises e.g. partnerships, private non-profit institutions serving households, unincorporated private enterprises, employees, pensioners, social security recipients and students.