Increase in deposits from employees
Banking and financial markets
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Financial corporations, balance sheetJune 2013

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



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Increase in deposits from employees

Norwegian employees, social security recipients and students’ deposits in Norwegian banks amounted to NOK 902 billion at the end of June. This is an increase of NOK 68 billion compared to the same period last year.

Balance sheet, selected figures. NOK million and per cent
June 2012June 2013June 2012 - June 2013
Bank total assets4 084 4964 019 828-1.6
Deposits2 728 2842 749 0170.8
Loans2 719 4242 890 3456.3
Mortgage companies
Bank total assets1 684 2691 726 4253
Loans1 410 9271 496 4766.1

The twelve-month growth in total deposits from Norwegian employees etc. was 8.2 per cent to end-June, and has remained stable between 8 and 9 per cent since the beginning of 2012.

Transaction deposits from employees are affected by seasonal patterns

Total deposits consist of deposits in transaction and other deposits . Norwegian employees’ transaction deposits amounted to NOK 287 billion at the end of June. This is an increase from NOK 272 billion from June last year, and corresponds to a twelve-month growth of 5.5 per cent. From end-May to end-June, the transaction deposits from employees increased by NOK 44 billion, an increase of 18.1 per cent. Transaction deposits from employees usually follow a clear seasonal pattern, and the high increase in June is due to disbursements of holiday pay and tax money.

At the end of June, other deposits amounted to NOK 615 billion. This is an increase of NOK 53 billion, or 9.4 per cent, over the last twelve months.

Increase in deposits higher than NOK 2 million

At the end of June, the number of bank deposits exceeding NOK 2 million by employees in Norway was 46 700. These deposits amounted to nearly NOK 154 billion, an increase of NOK 19 billion, or 14.1 per cent, compared to the same period last year.

Norwegian employees’ deposits between NOK 0 and 2 million amounted to nearly NOK 748 million at the end of June. About 133 500 employees had deposits between NOK 1 and 2 million. These deposits amounted to NOK 183 billion. This corresponds to an increase of 13 200 depositors and NOK 17 billion, respectively, over the last twelve months.

NOK 129 000 on average

Norwegian employees had a total of NOK 902 billion in Norwegian banks at the end of June. This implies that every depositor had a deposit equal to NOK 129 000 on average. The corresponding figure five years ago was NOK 86 000.