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84838
Growth in loans to manufacturing industry
statistikk
2012-09-11T10:00:00.000Z
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, July 2012

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

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Growth in loans to manufacturing industry

Loans from banks and mortgage companies to the manufacturing industry increased by 9.2 per cent from end-July 2011 to end-July this year. During the same period, total industry loans increased by 4.6 per cent.

By end-July 2012, loans to the manufacturing industry amounted to NOK 63.1 billion; an increase of NOK 2.0 billion compared to the previous month. From end-July 2011 to end-July 2012, loans to the manufacturing industry increased by NOK 5.3 billion, which equals a 12-month growth of 9.2 per cent. The share of loans to the manufacturing industry has declined from 6.4 per cent in May 2009 to 5.0 per cent in July this year.

Growth in total industry loans

At end-July 2012, the total loans from banks and mortgage companies to Norwegian industries amounted to NOK 1 268 billion; a decrease of NOK 2.6 billion compared to the previous month. From end-July 2011 to end-July 2012, the total loans to Norwegian industries increased by 4.6 per cent; equivalent to NOK 55.8 billion.

Loans to Norwegian industries amounted to 22.0 per cent of total assets in banks and mortgage companies by end-July 2012. From end-March to end-July 2012, total loans to industries increased by NOK 17.3 billion, which equals a growth of 1.4 per cent. As a share of total assets, loans to Norwegian industries were approximately unchanged in the same period.

Banks and mortgage companies. Share of total industry loans. July 2012. Per cent

Banks and mortgage companies. Industry loans July 2012. Growth
  Industry loans by end-February 2012.
NOK million 		Monthly growth.
NOK million 		Monthly growth.
Per cent 		12-month growth.
NOK million 		12-month growth.
Per cent
Agriculture 38 287  375 1.0 1 989 5.5
Forestry 2 719 13 0.5  192 7.6
Fishing and hunting 23 131  183 0.8 1 720 8.0
Fish farming industries 16 594  191 1.2 2 668 19.2
Mining and quarrying 3 117 -28 -0.9  351 12.7
Services linked to extraction of crude petroleum and natural gas 15 704 -121 -0.8 3 441 28.1
Extraction of crude petroleum and natural gas 2 840  107 3.9 -119 -4.0
Manufacturing 63 065 2 004 3.3 5 289 9.2
Ship and boat building 6 926 -296 -4.1 1 457 26.6
Electricity and hot water supply 42 413 93 0.2 8 777 26.1
Water supply, drainage and waste disposal 8 516  101 1.2  672 8.6
Real estate development 68 092 1 042 1.6 4 371 6.9
Building and construction work 37 590 -282 -0.7 2 596 7.4
Commodity trade etc. 75 140 -1 145 -1.5 5 470 7.9
Sea transport abroad and transport via pipelines  124 584 -791 -0.6 6 876 5.8
Transportation and storage 58 613  349 0.6 8 262 16.4
Hotels and restaurants 12 598 3 0.0  713 6.0
Information and communication 15 290  260 1.7  366 2.5
Real estate, renting and business activities  509 219 -768 -0.2 32 443 6.8
Professional and financial services 62 707 -2 820 -4.3 -34 639 -35.6
Businesslike services 41 259 -1 054 -2.5 3 401 9.0
Other service activities 39 755 24 0.1 -514 -1.3
Total 1 268 161 -2 559 -0.2 55 783 4.6

Loans to real estate, renting and business activities constitute a share of 40.2 per cent. This is by far the largest share of the total industry loans. Among other large borrowers are sea transport abroad and transport via pipelines and commodity trade etc., with a share of 9.8 and 5.9 per cent of the total industry loans respectively.

Banks and mortgage companies. Industry loans May 2010-July 2012. Per cent and NOK billion.

Decrease in loans to professional and financial services

Loans to professional and financial services amounted to NOK 62.7 billon at end-July 2012; a decrease of NOK 2.8 billion compared to the previous month. From end-March to end-July 2012, the loans declined by NOK 5.8 billion; equivalent to 8.2 per cent.

Minor increase in loans to real estate, renting and business activities

Loans to real estate, renting and business activities amounted to NOK 509.2 billon at end-July 2012; a decrease of NOK 0.8 billion compared to the previous month. The loans to real estate, renting and business activities increased by NOK 3.9 billion from end-March to end-July this year.

Largest growth in loans to oil industries

Loans to extraction of crude petroleum and natural gas went up by NOK 1.2 billion, or 74.1 per cent from March to July 2012. This is by far the largest percentage increase in any of the industries we collect statistics for. However; loans to extraction of crude petroleum and natural gas only amounted to a modest NOK 2.8 billion at the end of July 2012; which is just 0.2 per cent of the total industry loans.

Loans to services linked to extraction of crude petroleum and natural gas increased by NOK 2.4 billion; equivalent to 18.3 per cent from March to July 2012. By end-July 2012 loans to this industry amounted to NOK 15.7 billion.

This article refers to the total industry loans from banks and mortgage companies to Norwegian non-financial enterprises, non-profit organisations, self-employed tradesmen and housing cooperatives.

New institutional sector classification

The Norwegian institutional sector classification was revised on 1 January 2012 in line with the international classification. This change entails a break in the statistics for the accounting statistics for financial corporations from March 2012.

As a result of the new classification, some enterprises that were previously classified as non-financial enterprises are now classified as financial enterprises. These enterprises are therefore no longer a part of the statistics of industry loans. The industry of professional and financial services is most affected, since many of the enterprises, which were previously classified as non-financial enterprises were also likely to be a part of the industry of professional and financial services.

After the revision, all housing cooperatives will be classified in the industry of real estate, renting and business activities, whereas some of the cooperatives were previously classified under other industries as well.

For further information, see “ Institutional sector classification 2012 ”

New industry classification

The industry classification in the financial statistics changed in May 2009 when Statistics Norway introduced a new version of the Norwegian industry classification, SIC2009 . This leads to a more detailed classification and enables us to better analyse the development in important industries. However, the change also made comparisons of industrial loans before and after May 2009 difficult for some of the industries.

For more information on the new industries .