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218866
Strong growth in loans to manufacturing industry
statistikk
2015-12-04T10:00:00.000Z
Banking and financial markets
en
orbofbm, Financial corporations, balance sheet, banks, mortgage companies, finance companies, state lending institutions, loans, deposits, financing, mortgages, bonds, commercial papers, shares, ownership interest, assets, liabilities, foreign banks, borrowers, balancesFinancial institutions and other financial corporations, Banking and financial markets
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Financial corporations, balance sheet, October 2015

As from 2016 the statistics is published with Banks and mortgage companies.

Content

Published:

Strong growth in loans to manufacturing industry

The twelve-month growth in Norwegian financial institutions’ lending to manufacturing industries was 11.0 per cent to end-October. The twelve-month growth in lending to manufacturing industries has been strong over the past three months; between 8 and 15 per cent.

Balance sheet. Selected figures. NOK million and per centPublished 4 December 2015
October 2014October 2015October 2014 - October 2015
Banks
Bank total assets4 418 0815 076 58514.9
Deposits2 952 0233 452 00916.9
Loans3 220 1953 759 61416.8
Mortgage companies
Bank total assets1 859 0552 009 6658
Loans1 514 5961 607 3806.1

Source: Statistics Norway

Lending from Norwegian financial institutions to the manufacturing industry amounted to NOK 78 billion at the end of October, down from NOK 81 billion the previous month. Compared to the same period last year, loans have increased by nearly NOK 8 billion. The manufacturing industries accounted for 5.1 per cent of the total industry loans at the end of October.

Strong growth in lending to real estate, renting and business activities

Real estate, renting and business activities’ outstanding debt to Norwegian financial institutions was NOK 644 billion at end-October; an increase of about NOK 6 billion from the month before. The twelve-month growth in lending to real estate, renting and business activities was 6.9 per cent at end-October. By comparison, the twelve-month growth was 6.4 per cent to end-September.

The real estate, renting and business activities industry accounted for the largest share of total industry loans at end-October, with a share of 42.1 per cent. By comparison, the service industries in total accounted for 10.5 per cent.

Decreased growth in total industry loans

Total industry loans amounted to NOK 1 529 billion at the end of October this year, up from NOK 1 527 billion the previous month. Compared to end-October last year, total industry loans have increased by NOK 87 billion. This corresponds to a twelve-month growth of 6.0 per cent to end-October.

Growth rate calculations based on stocks that include foreign currency loans are not adjusted for exchange rate fluctuations.