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Published:
This is an archived release.
Increased share of fixed interest rate loans
The share of fixed interest rate loans from financial corporations to Norwegian employees increased by 0.3 percentage points to 11.0 per cent during the 1st quarter of 2013. The share is at its highest level since 2005.
| 1st quarter 2013 | 4th quarter 2012 | 3rd quarter 2012 | 2nd quarter 2012 | 1st quarter 2012 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 89.0 | 89.3 | 89.9 | 90.2 | 90.3 |
| Loans with a fixed interest rate | 11.0 | 10.8 | 10.1 | 9.7 | 9.7 |
| Less than 1 year | 1.9 | 0.8 | 0.8 | 0.9 | 1.1 |
| From 1 to 5 years | 7.3 | 8.2 | 7.5 | 7.3 | 7.0 |
| Over 5 years | 1.8 | 1.8 | 1.9 | 1.5 | 1.7 |
| Banks | |||||
| No fixed interest rate | 89.5 | 89.9 | 90.5 | 91.1 | 91.4 |
| Loans with a fixed interest rate | 10.5 | 10.1 | 9.5 | 8.9 | 8.6 |
| Less than 1 year | 3.0 | 0.9 | 1.1 | 1.0 | 1.2 |
| From 1 to 5 years | 6.0 | 7.8 | 6.7 | 6.7 | 5.8 |
| Over 5 years | 1.5 | 1.4 | 1.8 | 1.2 | 1.6 |
| Mortgage companies | |||||
| No fixed interest rate | 91.7 | 91.9 | 92.7 | 92.8 | 92.9 |
| Loans with a fixed interest rate | 8.3 | 8.1 | 7.3 | 7.2 | 7.1 |
| Less than 1 year | 0.7 | 0.4 | 0.3 | 0.4 | 0.4 |
| From 1 to 5 years | 6.1 | 6.1 | 5.5 | 5.4 | 5.3 |
| Over 5 years | 1.6 | 1.6 | 1.5 | 1.5 | 1.4 |
| State lending institutions | |||||
| No fixed interest rate | 68.1 | 67.6 | 66.8 | 68.2 | 66.2 |
| Loans with a fixed interest rate | 31.9 | 32.4 | 33.2 | 31.8 | 33.8 |
| Less than 1 year | 2.8 | 2.1 | 2.2 | 3.6 | 4.9 |
| From 1 to 5 years | 24.0 | 25.1 | 25.8 | 24.3 | 25.0 |
| Over 5 years | 5.1 | 5.1 | 5.1 | 3.9 | 3.9 |
The share of loans with fixed interest rate from banks to Norwegian employees increased from 10.1 per cent at the end of the 4th quarter 2012 to 10.5 per cent at the end of the1st quarter of 2013. This is the highest share since 2004. The share of fixed interest rate loans from mortgage companies to Norwegian employees increased by 0.2 percentage points to 8.3 per cent during the 1st quarter this year.
Decreased share of fixed interest loans in state lending institutions
The share of fixed interest rate loans from state lending institutions to Norwegian employees decreased by 0.5 percentage points during the 1st quarter, to 31.9 per cent at the end of the quarter.
The share of fixed interest loans to non-financial corporations decreased
The share of fixed-rate loans to non-financial corporations decreased by 0.3 percentage points to 21.5 per cent in the first quarter of 2013.
The statistics is now published as Interest rates in banks and mortgage companies.
Additional information
This statistics show loans broken down by the remaining fixed interest rate period. The fixed interest rate period is measured as the time from the end of the reported period to the next interest rate regulation. Differences between figures in the text and the tables due to rounding off may occur.
Contact
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Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42