This is an archived release.
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.
|June 2012||June 2013||June 2012 - June 2013|
|Bank total assets||4 084 496||4 019 828||-1.6|
|Deposits||2 728 284||2 749 017||0.8|
|Loans||2 719 424||2 890 345||6.3|
|Bank total assets||1 684 269||1 726 425||3|
|Loans||1 410 927||1 496 476||6.1|
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.
The statistics is now published as Banks and mortgage companies.