This is an archived release.
Weak growth in loans to industry
The growth in loans to industry was 1.4 per cent from end-February 2014 to end-February this year. Following a negative twelve-month loan growth in most of 2014, the growth has been positive in the first two months of this year.
|February 2014||February 2015||February 2014 - February 2015|
|Bank total assets||4 330 153||4 620 549||6.7|
|Deposits||2 905 663||3 073 462||5.8|
|Loans||3 094 821||3 381 266||9.3|
|Bank total assets||1 769 401||1 916 796||8|
|Loans||1 517 077||1 513 573||-0.2|
Loans from financial corporations to industry amounted to NOK 70 billion at the end of February, down from NOK 72 billion the previous month. Loans outstanding to industry have been stable at around NOK 70 billion since end-November 2013, and made up 4.8 per cent of total loans to industries at end-February.
Total loans to industries from financial corporations was NOK 1 468 billion at end-February, nearly unchanged compared to the previous month. The twelve-month growth in loans to industries was 4.1 per cent to end-February, marginally down from 4.2 per cent the month before.
Real estate, renting and business activities account for the largest share of industry loans, with 42 per cent of total loans. These loans amounted to NOK 616 billion at the end of February, and the twelve-month growth was 5.2 per cent to end-February.
The statistics is now published as Banks and mortgage companies.