This is an archived release.
Unchanged growth in housing loans
The twelve-month growth in loans secured on dwellings from financial companies to households was 6.5 per cent to end-August. This is unchanged from the previous month. Compared to August last year, the twelve-growth has declined by 0.8 percentage points.
|August 2013||August 2014||August 2013 - August 2014|
|Bank total assets||4 116 291||4 275 366||3.9|
|Deposits||2 818 990||2 920 216||3.6|
|Loans||2 930 066||3 128 827||6.8|
|Bank total assets||1 725 147||1 788 141||4|
|Loans||1 493 827||1 482 377||-0.8|
Loans secured on dwellings from Norwegian financial corporations to Norwegian households amounted to NOK 2 130 billion by the end of August, an increase of NOK 130 billion from August last year. A total of 84.3 per cent of households’ total loans from financial corporations were secured on dwellings at end-August this year.
Reduced growth in repayment loans secured on dwellings
Loans secured on dwellings consist of two types of loans: repayment loans and credit lines. At the end of August, the households housing loans from Norwegian financial corporations amounted to NOK 1 684 billion. The twelve-month growth was 8.8 per cent at end-August, a marginal decrease from 8.9 per cent at end-July. The twelve-month growth rate in repayment loans has been declining from April this year.
Credit lines secured on dwellings from Norwegian banks and mortgage companies to households amounted to NOK 446 billion by the end of August 2014. The twelve-month growth was -1.4 per cent to end-August, an increase from -1.6 per cent at end-July. From June 2013, the twelve-month growth rate in credit lines secured on dwellings to households has been negative.
Largest share of housing loans from mortgage companies
At the end of August, housing loans from mortgage companies to households amounted to NOK 1 077 billion, a share of 50.6 per cent of the total housing loans to households. The twelve-month growth in housing loans from mortgage companies was 2.4 per cent, a decrease from 2.6 per cent the previous month.
Banks and state lending institutions consisted for the rest of the housing loans to households, with a share of 46.6 and 2.9 per cent, respectively. Housing loans from banks amounted to NOK 992 billion at the end of August, an increase from NOK 984 billion the previous month. The twelve-month growth was 11.6 per cent, up from 11.3 per cent at end-July. Housing loans from state lending institutions amounted to NOK 61 billion at the end of August and the twelve month growth was 2.8 per cent.
The statistics is now published as Banks and mortgage companies.
Statistics Norway's Information Centre
tel.: (+47) 21 09 46 42