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84832
Substantial share of foreign market funding
statistikk
2012-06-18T10:00:00.000Z
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, April 2012

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

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Substantial share of foreign market funding

Banks’ total money market funding amounted to nearly NOK 1 460 billion at end-April this year. A total of 76.4 per cent of this funding stemmed from foreign sources. This was a slight decrease compared to end-March figures, but still a high share compared to previous periods.

Banks. Sources of money market funding. April 2007-April 2012. NOK billion

Banks. Share of foreign money market funding. April 2007-April 2012. Per cent

Total foreign money market funding in banks was nearly NOK 1 116 billion at end-April 2012. This was a decrease of NOK 38 billion compared to the previous month, and an increase of NOK 200 billion compared to end-April 2011.

Banks’ total money market funding amounted to nearly NOK 1 460 billion at end-April 2012; a decrease of NOK 11 billion from NOK 1 470 billion at end-March. This level of banks’ money market funding was the highest since July 2010.

Still high share of inter-bank loans

The Norwegian banks’ loans from other banks were nearly NOK 831 billion at end-April this year; this equals 56.9 per cent of total money market funding, and was a 1 percentage point decrease compared to the previous month.

Foreign inter-bank loans amounted to NOK 766 billion at end-April 2012. This equals a share of 52.4 per cent of banks’ total money market funding. This share fluctuates from month to month, which may be affected by fluctuations in foreign exchange rates. The share of foreign inter-bank loans of total market funding has remained stable above 50 per cent since May 2011.

Stable share of bond loans

In addition to inter-bank loans, the banks finance loans through short-term security loans, bond loans and F-loans from the Norwegian central bank. The banks’ bond loans amounted to NOK 441 billion at end-April 2012, which equals a 30.2 per cent share of their total money market funding. Bond loans have been a stable 30 per cent share of market funding since September 2011. A total of 42.3 per cent of banks’ total bond loans stem from foreign banks.

The banks’ short-term security loans were almost NOK 178 billion at end-April this year; a decrease of 6.7 per cent compared to the last month. Most short-term security loans in banks are foreign. F-loans from the Norwegian central bank were NOK 10 billion at end-April 2012.

Banks. Sources of money market funding. April 2011-April 2012. NOK million
  Inter-bank
loans from
Norwegian banks 		Inter-bank
loans from
foreign banks 		Norwegian
short term
security loans 		Foreign
short term
security loans 		Norwegian
bond loans 		Foreign
bond loans 		F-loans
from the
Norwegian
central bank 		Total
2012                
April 65 210  765 521 14 223  163 451  254 551  186 648 10 000       1 459 604
March 47 016  803 980 14 262  176 121  255 101  173 667 0 1 470 148
February 75 117  726 403 16 594  144 720  254 083  167 569 6 250 1 390 737
January 60 734  759 977 17 579  154 888  257 339  178 745 22 024 1 451 286
2011                
December 44 179  800 494 15 889  118 433  256 871  166 786 24 345 1 426 997
November 70 176  729 544 15 589  122 010  251 305  170 838 22 022 1 381 484
October 54 112  694 093 13 436  111 233  247 591  173 970 22 022 1 316 458
September 53 686  710 753 12 365  120 948  242 513  182 101 22 021 1 344 387
August 50 639  668 718 11 624  111 862  244 371  181 510 22 020 1 290 743
July 57 432  677 571 10 186  104 622  244 835  181 426 22 023 1 298 095
June 55 736  620 448 9 883  106 863  244 967  180 714 22 022 1 240 633
May 50 805  693 465 8 093  109 179  243 750  181 653 57 275 1 344 219
April 56 702  621 726 9 577  113 000  246 577  180 371 52 021 1 279 974

Institutional sector classification 2012

The institutional sector classification has been revised. New four-digit sector codes have been introduced and the definitions of some sectors in the classification have been changed. The revised sector classification will be implemented in the Norwegian statistical system over the next two years.

The sector definitions in financial corporations’ statistics were altered as from the 1st quarter of 2012. This may influence the time series due to sector movements. Some of the tables for these statistics will not be updated in this publishing due to the new sector classification.

Money market funding is defined as the sum of inter-bank loans, short-term security loans, bond loans and F-loans from the central bank. In addition to the market funding, banks finance their lending through customer deposits. As a large part of the foreign money market funding is in foreign currency, changes in exchange rates may influence the figures.

F-loans from Norges Bank are a part of the liquidity supply to the banks. They are loans with collateral in securities at a fixed exchange rate and given terms.

Inter-bank loans are short-term loans between banks. It should be noted that a certain share of foreign inter-bank loans to Norwegian banks could originate from loans from a foreign parent company to Norwegian branch companies.