149091_not-searchable
/en/bank-og-finansmarked/statistikker/orbofbm/maaned
149091
Falling growth in housing loans
statistikk
2014-03-10T10:00:00.000Z
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
false

Financial corporations, balance sheet, January 2014

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

Content

Published:

This is an archived release.

Go to latest release

Falling growth in housing loans

During the past twelve months to the end of January 2014, loans secured on dwellings from banks and mortgage companies to households grew by 7.2 per cent. This is a drop in the twelve-month growth rate of 0.1 percentage points compared to the previous month.

Balance sheet, selected figures. NOK million and per centPublished 10 March 2014
January 2013January 2014January 2013 - January 2014
Banks
Bank total assets4 012 8054 347 6768.3
Deposits2 672 6602 917 0939.1
Loans2 806 2903 087 41610.0
Mortgage companies
Bank total assets1 722 5481 795 9974
Loans1 470 9701 521 4873.4

Source: Statistics Norway

Loans secured on dwellings from Norwegian banks and mortgage companies to households amounted to NOK 1 998 billion at the end of January 2014. This is an increase of NOK 134 billion compared to the end of January 2013. Loans from mortgage companies were NOK 1 083 billion, while loans from banks were NOK 915 billion.

The twelve-month growth in loans secured on dwellings to households is slowly falling. From end of November 2013 to end of December 2013 there was an increase in the growth, but this is due to an increase in the bank population. When adjusted for this change in the bank population, the twelve-month growth in loans secured on dwellings has been falling during the last nine months; from 8.5 per cent at the end of April 2013 to 6.6 per cent at the end of January 2014.

Lower growth in repayment loans

Households’ housing loans consist of repayment loans secured on dwellings and credit lines secured on dwellings . At the end of January 2014, 77 per cent of households’ housing loans from Norwegian banks and mortgage companies were repayment loans secured on dwellings.

Repayment loans secured on dwellings from Norwegian banks and mortgage companies to households amounted to NOK 1 548 billion at the end of January 2014. This implies an increase of about NOK 141 billion compared to the end of January 2013. The twelve-month growth in repayment loans has gradually fallen in the period after April 2013. The increase in the twelve-month growth from the end of November to the end of December 2013 is due to the increase in the bank population.

Credit lines secured on dwellings from Norwegian banks and mortgage companies to households amounted to NOK 450 billion at the end of January 2014. This is a decrease of about NOK 7 billion compared to the end of January 2013. During the last eight months there has been a negative twelve-month growth in the credit lines secured on dwellings in banks and mortgage companies.

Increase in repayment loans from state lending institutions

Repayment loans secured on dwellings from state lending institutions to households amounted to NOK 60 billion at the end of January 2014. Since January 2013, there has been an increase of 2.1 per cent in these loans. Loans secured on dwellings to households in state lending institutions make up only 2.9 per cent of the total loans secured on dwellings from banks, mortgage companies and state lending institutions.