Content
Published:
This is an archived release.
Fixed-interest loans continue to fall
The share of loans with a fixed interest rate out of all loans from banks and mortgage companies to employees fell by 0.4 and 0.5 percentage points in the 4th quarter last year. This is the third successive quarter with a decline in the share of fixed interest loans from banks.
| 4th quarter 2013 | 3rd quarter 2013 | 2nd quarter 2013 | 1st quarter 2013 | 4th quarter 2012 | |
|---|---|---|---|---|---|
| Total | |||||
| No fixed interest rate | 90.0 | 89.1 | 89.3 | 89.0 | 89.3 |
| Loans with a fixed interest rate | 10.0 | 10.9 | 10.7 | 11.0 | 10.7 |
| Less than 1 year | 1.8 | 1.8 | 1.8 | 1.8 | 0.8 |
| From 1 to 5 years | 6.4 | 7.1 | 7.2 | 7.4 | 8.3 |
| Over 5 years | 1.8 | 2.0 | 1.7 | 1.7 | 1.7 |
| Banks | |||||
| No fixed interest rate | 90.6 | 90.2 | 89.9 | 89.4 | 89.9 |
| Loans with a fixed interest rate | 9.4 | 9.8 | 10.1 | 10.6 | 10.1 |
| Less than 1 year | 3.1 | 2.9 | 2.8 | 3.0 | 0.9 |
| From 1 to 5 years | 5.2 | 5.7 | 6.0 | 6.2 | 7.9 |
| Over 5 years | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 |
| Mortgage companies | |||||
| No fixed interest rate | 92.2 | 91.7 | 91.8 | 91.7 | 91.9 |
| Loans with a fixed interest rate | 7.8 | 8.3 | 8.2 | 8.3 | 8.1 |
| Less than 1 year | 0.2 | 0.2 | 0.7 | 0.7 | 0.4 |
| From 1 to 5 years | 6.0 | 6.6 | 6.0 | 6.1 | 6.1 |
| Over 5 years | 1.5 | 1.5 | 1.6 | 1.6 | 1.6 |
| State lending institutions | |||||
| No fixed interest rate | 72.1 | 64.5 | 68.8 | 68.1 | 67.6 |
| Loans with a fixed interest rate | 27.9 | 35.5 | 31.2 | 31.9 | 32.4 |
| Less than 1 year | 4.0 | 5.5 | 3.0 | 2.8 | 2.1 |
| From 1 to 5 years | 16.8 | 19.7 | 23.2 | 24.0 | 25.1 |
| Over 5 years | 7.1 | 10.3 | 5.0 | 5.1 | 5.1 |
The share of loans with a fixed interest rate out of all loans from banks and mortgage companies to Norwegian employees was 9.4 and 7.8 per cent at the end of 2013, down from 9.8 and 8.3 per cent at the end of the previous quarter.
Reduced fixed interest rate share in 2013
The share of fixed-rate loans out of all loans from banks, mortgage companies and state lending institutions to employees fell by 0.8 percentage points in 2013. The decline in the share of fixed interest loans in the last three quarters of 2013 follows an increase in the same rate from the 3rd quarter in 2011 to the 1st quarter in 2013. The share of fixed-rate loans from banks to employees fell by 0.7 percentage points to 9.4 per cent at the end of the year. This share declined in the three last quarters in 2013. There was also a decline of 0.4 percentage points in the same share from the mortgage companies in 2013, to 7.8 per cent. This share was approximately unchanged at 8.3 per cent in the 2nd and 3rd quarter of 2013, while declining in the 4th quarter.
The share of total loans from state lending institutions with a fixed interest rate fell by 4.5 percentage points in 2013. By the end of 2013, the share of fixed-rate loans from state lending institutions was 27.9 per cent.
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
-
Statistics Norway's Information Centre
E-mail: informasjon@ssb.no
tel.: (+47) 21 09 46 42