218860_not-searchable
/en/bank-og-finansmarked/statistikker/orbofbm/maaned
218860
Weaker growth in loans to manufacturing industry
statistikk
2015-09-04T10:00:00.000Z
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, July 2015

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

Content

Published:

This is an archived release.

Go to latest release

Weaker growth in loans to manufacturing industry

Twelve-month growth in lending by Norwegian financial institutions to manufacturing industries declined from 2.5 per cent to end-June to 0.2 per cent to end-July.

Balance sheet. Selected figures. NOK million and per centPublished 4 September 2015
July 2014July 2015July 2014 - July 2015
Banks
Bank total assets4 274 2234 896 23614.6
Deposits2 914 4813 329 37414.2
Loans3 145 4513 584 16713.9
Mortgage companies
Bank total assets1 819 0361 977 5599
Loans1 496 8451 549 2593.5

Source: Statistics Norway

Loans from Norwegian financial institutions to the manufacturing industry amounted to NOK 72 billion at the end of July, down from NOK 74 billion the previous month, and unchanged from July last year.

During the last year, the twelve-month growth ranged between -7.4 per cent to end-August last year and 2.9 per cent to the end of May this year.

Industry accounted for 4.8 per cent of the total industry distributed borrowing at the end of July.

Stronger growth in lending to real estate, renting and business activities

Real estate, renting and business activities’ outstanding debt to Norwegian financial institutions was NOK 635 billion at end-July, unchanged from the previous month. Lending increased by 6.7 per cent from the end of July last year until the end of July this year. By comparison, the twelve-month growth was 6.6 per cent to end-June this year.

The real estate, renting and business activities industry accounts for the largest share of total industry loans, with 42.3 per cent at the end of July. By comparison, the service industries account for 10.7 per cent of the same loan portfolio.

Unchanged growth in total industry loans

Total loans divided by industries amounted to NOK 1 502 billion at the end of July this year, down from NOK 1 507 billion the previous month. Compared with the end of July last year, total industry loans have increased by NOK 76 billion. This corresponds to a growth of 5.3 per cent to end-July, unchanged from the previous month.

Growth rate calculations based on stocks that include foreign currency loans are not adjusted for exchange rate fluctuations.