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84828
Varying growth rate in loans to counties
statistikk
2012-06-25T10:00:00.000Z
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, 2011

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

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Varying growth rate in loans to counties

Norwegian banks and mortgage companies’ total loans to counties increased by 6.9 per cent in 2011. The lending growth was strongest in Nordland and weakest in Aust-Agder.

Banks and mortgage companies. Total loans to households. Selected counties. 1997-2011. NOK million

Banks and mortgage companies. Total loans by county. Selected counties. 1997-2011. NOK million

The total loans by county from Norwegian banks and mortgage companies amounted to NOK 3 483 billion at the end of 2011. This is an increase of NOK 225 billion, or 6.9 per cent, in 2011. Nordland had the highest growth with 9.6 per cent, or nearly NOK 12 billion. Vest-Agder followed with an 8.8 per cent growth.

One area had a reduction in total loans from banks and mortgage companies at the end of 2011, namely Svalbard, with a 40.4 per cent decrease in loans compared to 2010.

Growth in loans to households

Loans by county from Norwegian banks and mortgage companies to households amounted to NOK 1 976 billion at the end of 2011. This is an increase of NOK 134 billion, or 7.3 per cent, compared to the previous year. Rogaland experienced the highest growth with 8.9 per cent, closely followed by Aust-Agder and Vest-Agder, both with an increase of 8.5 per cent. Households in Svalbard reduced their loans by NOK 42 million, or 19.4 per cent.

The remaining counties had a growth in loans from banks and mortgage companies varying between 4.4 and 7.9 per cent.

Highest lending growth to non-financial corporations in Troms

The total loans from banks and mortgage companies by county to non-financial corporations amounted to NOK 1 037 billion at the end of 2011. This is an increase of NOK 64 billion, or 6.6 per cent, compared to the end of 2010.

In 16 of 19 counties, non-financial corporations increased their volume of loans from banks and mortgage companies. The highest increase in loans was in Troms, with a growth of 16.6 per cent in 2011.

The growth in loans from banks and mortgage companies to non-financial corporations fluctuated between - 7.4 per cent in Aust-Agder to 16.6 per cent in Troms in 2011.

Growth in loans to industries

Total loans from banks and mortgage companies to the different industries amounted to NOK 1 251 billion at the end of 2011. This was an increase of NOK 72 billion, or 6.1 per cent compared to the end of 2010. The real estate, renting and business activity industries held 39 per cent of all the loans, amounting to NOK 792 billion at the end of 2011. This industry is thereby by far the largest of all industries.

Industries within businesslike services increased their loans from banks and mortgage companies by NOK 14 billion, reaching NOK 45 billion at the end of 2011. This implies growth in loans of 43.4 per cent.

Businesslike services held a rather modest share of total loans from banks and mortgage companies by 4 per cent in 2011. This is nonetheless the industry with the highest lending growth of all industries.

High growth rate for mortgage companies

The total loans from mortgage companies to the different industries were NOK 187 billion at the end of 2011. This is an increase of NOK 25 billion, or 15.8 per cent compared to the end of 2010. Transfers of loan portfolios from banks to mortgage companies have contributed to this growth.

Banks’ lending grew more moderately. The growth of NOK 46 billion from NOK 1 018 billion to NOK 1 064 billion in 2011 corresponds to a growth of 4.5 per cent in 2011. The banks’ share of all loans was 77 per cent at the end of 2011.

Finance companies experienced the most moderate lending growth of all financial institutions in 2011, with 2.8 per cent growth in loans to industries.

Banks and mortgage companies. Loans to different sectors by county. Growth from 2010-2011. NOK million
 
  Sum loans Loans to households Loans to non-financial corporations
  2011 2010 Growth Growth in
per cent		 2011 2010 Growth Growth in
per cent		 2011 2010 Growth Growth in
per cent
 
Østfold  140 316  134 524 5 793 4.3 97 126 91 481 5 645 6.2 30 722 31 693 -971 -3.1
Akershus  353 464  326 995 26 468 8.1  250 964  233 476 17 488 7.5 80 690 71 733 8 957 12.5
Oslo  787 720  742 737 44 982 6.1  295 201  274 101 21 100 7.7  286 216  260 291 25 925 10.0
Hedmark 94 745 88 470 6 275 7.1 61 713 58 054 3 659 6.3 20 831 19 829 1 002 5.1
Oppland 81 434 76 548 4 886 6.4 58 088 54 869 3 219 5.9 15 314 14 699  615 4.2
Buskerud  154 139  142 073 12 066 8.5 97 909 91 545 6 364 7.0 44 859 40 343 4 516 11.2
Vestfold  129 698  122 088 7 610 6.2 94 920 89 381 5 539 6.2 25 283 24 208 1 075 4.4
Telemark 79 851 74 158 5 693 7.7 57 503 53 619 3 884 7.2 13 454 12 323 1 131 9.2
Aust-Agder 60 305 59 502  803 1.4 40 633 37 461 3 172 8.5 12 960 13 992 -1 032 -7.4
Vest-Agder  118 029  108 470 9 559 8.8 71 256 65 691 5 565 8.5 34 762 31 812 2 950 9.3
Rogaland  350 465  324 989 25 476 7.8  208 958  191 840 17 118 8.9  115 827  115 347  480 0.4
Hordaland  353 210  330 958 22 251 6.7  201 076  187 832 13 244 7.1  125 100  114 965 10 135 8.8
Sogn og Fjordane 60 724 57 234 3 490 6.1 31 840 29 623 2 217 7.5 19 871 19 141  730 3.8
Møre og Romsdal  192 234  181 228 11 006 6.1 95 929 88 958 6 971 7.8 78 281 75 588 2 693 3.6
Sør-Trøndelag  204 462  189 770 14 692 7.7  114 195  106 691 7 504 7.0 51 211 52 807 -1 596 -3.0
Nord-Trøndelag 64 075 59 923 4 152 6.9 41 782 38 724 3 058 7.9 13 454 13 365 89 0.7
Nordland  132 248  120 682 11 566 9.6 79 707 75 040 4 667 6.2 37 626 32 716 4 910 15.0
Troms 89 971 84 001 5 971 7.1 54 345 52 054 2 291 4.4 23 412 20 074 3 338 16.6
Finnmark 34 935 32 275 2 660 8.2 22 797 21 416 1 381 6.4 6 368 6 153  215 3.5
Others1 1 194 2 002 -808 -40.4  175  217 -42 -19.4  942 1 734 -792 -45.7
Total 3 483 219 3 258 627  224 591 6.9 1 976 117 1 842 073  134 044 7.3 1 037 183  972 813 64 370 6.6
 
1  Svalbard, Jan Mayen and the Norwegian continental shelf.

These statistics give loans and deposits by county and industry. 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.

 

Tables

Published tables