Statistikk innhold
Statistics on
Securities
The securities statistics provide a current overview of the issue and ownership of securities registered in Euronext Securities Oslo as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.
Selected figures from these statistics
- Stocks of securities registered with Euronext Securities Oslo, by type of security. NOK billion and per centDownload table as ...Stocks of securities registered with Euronext Securities Oslo, by type of security. NOK billion and per cent
3rd quarter 2024 2nd quarter 2025 3rd quarter 2025 Changes in per cent 2nd quarter 2025 - 3rd quarter 2025 3rd quarter 2024 - 3rd quarter 2025 Stocks (market value) Shares (listed) 3 701 3 978 3 931 -1.2 6.2 Equity certificates 121 146 148 1.5 22.0 Long-term debt securities 3 087 3 282 3 347 2.0 8.4 Short-term debt securities 153 160 159 -0.8 3.6 Total 7 062 7 565 7 584 0.3 7.4 Explanation of symbolsDownload table as ... - Stocks of securities registered with Euronext Securities Oslo, by holding sector and type of security. Market value. NOK millionDownload table as ...Stocks of securities registered with Euronext Securities Oslo, by holding sector and type of security. Market value. NOK million
3rd quarter 2025 Shares (listed) Equity certificates Long-term debt securities Short-term debt securities Total 3 930 910 147 853 3 347 067 158 556 Non-financial corporations 532 735 17 135 57 149 27 367 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 11 977 7 10 507 25 171 Public unincorporated enterprises, owned by local government 5 0 59 0 Public incorporated enterprises, owned by local government 415 87 12 892 2 156 Private non-financial incorporated enterprises 519 414 16 926 30 490 40 Private non-financial unincorporated enterprises 779 19 3 0 Private non-profit institutions serving enterprises 144 96 3 197 0 Financial corporations 529 486 75 350 1 754 168 89 610 Norges Bank 0 0 0 0 Banks 16 033 2 688 765 256 26 450 Mortgage companies 0 6 87 277 9 081 Finance companies 0 0 172 0 State lending institutions etc. 0 0 0 0 Financial holding companies 1 448 4 2 972 0 Mutual funds 277 214 15 313 297 813 28 417 Alternative investment funds (AIF) excluding mutal funds 5 568 576 1 088 0 Other financial enterprises, except insurance companies and pension funds 197 857 50 700 14 376 6 379 Life insurance companies and pension funds 30 632 5 894 508 407 16 346 Non-life insurance companies 735 167 76 807 2 937 General government 1 099 675 301 160 373 14 992 Central government 1 099 421 2 152 083 14 992 Local government 254 298 8 290 0 Non-profit institutions serving households 8 948 5 515 7 004 0 Households 193 431 23 001 8 597 0 Unincorporated enterprises within households 19 2 2 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 193 412 22 999 8 595 0 Rest of the world 1 566 552 26 538 1 359 764 26 585 Unspecified sector 83 14 12 0 Explanation of symbolsDownload table as ... - Net purchases of securities registered with Euronext Securities Oslo, by purchasing sector and type of security. Market value. NOK millionDownload table as ...Net purchases of securities registered with Euronext Securities Oslo, by purchasing sector and type of security. Market value. NOK million
3rd quarter 2025 Shares (listed) Equity certificates Long-term debt securities issued in Norway Short-term debt securities issued in Norway Total -69 047 166 73 508 -1 443 Non-financial corporations -18 337 -276 -1 292 -3 050 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government -15 034 0 -1 669 -4 341 Public unincorporated enterprises, owned by local government 0 0 5 0 Public incorporated enterprises, owned by local government 0 -1 985 1 277 Private non-financial incorporated enterprises -3 305 -274 -603 14 Private non-financial unincorporated enterprises -1 -1 0 0 Private non-profit institutions serving enterprises 3 -1 -9 0 Financial corporations -5 561 190 -22 631 -5 153 Norges Bank 0 0 0 0 Banks 4 864 -81 5 128 -2 253 Mortgage companies 0 0 -6 802 -2 422 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies 427 0 -1 415 0 Mutual funds 2 845 63 -35 588 -2 605 Alternative investment funds (AIF) excluding mutal funds 171 -11 18 0 Other financial enterprises, except insurance companies and pension funds -12 704 197 1 512 -448 Life insurance companies and pension funds -1 078 14 8 960 2 327 Non-life insurance companies -85 8 5 555 248 General government -45 837 2 8 190 -2 275 Central government -45 816 0 8 167 -2 272 Local government -22 2 23 -3 Non-profit institutions serving households -345 39 -90 0 Households -2 003 -81 26 0 Unincorporated enterprises within households -1 0 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. -2 002 -81 26 0 Rest of the world 3 036 293 89 304 9 035 Unspecified sector 1 0 0 0 Explanation of symbolsDownload table as ... - Paid out dividends on listed shares registered with Euronext Securities Oslo, by paying sector. NOK millionDownload table as ...Paid out dividends on listed shares registered with Euronext Securities Oslo, by paying sector. NOK million
4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Total 65 567 45 958 108 641 32 144 Non-financial corporations 59 588 34 799 69 593 29 849 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 28 624 21 302 18 944 9 536 Public unincorporated enterprises, owned by local government 0 0 0 0 Public incorporated enterprises, owned by local government 0 0 0 0 Private non-financial incorporated enterprises 30 964 13 497 50 649 20 313 Private non-financial unincorporated enterprises 0 0 0 0 Private non-profit institutions serving enterprises 0 0 0 0 Financial corporations 221 5 329 34 135 165 Norges Bank 0 0 0 0 Banks .. .. 28 534 0 Mortgage companies 0 0 0 0 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies .. .. 2 029 0 Mutual funds 0 0 0 0 Alternative investment funds (AIF) excluding mutal funds 0 0 0 0 Other financial enterprises, except insurance companies and pension funds 221 .. 3 324 0 Life insurance companies and pension funds 0 0 0 0 Non-life insurance companies .. 5 329 247 165 General government 0 0 0 0 Central government 0 0 0 0 Local government 0 0 0 0 Non-profit institutions serving households 0 0 0 0 Households 0 0 0 0 Unincorporated enterprises within households 0 0 0 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 0 0 0 0 Rest of the world 5 758 5 830 4 913 2 130 Explanation of symbolsDownload table as ... - Paid out dividends on listed shares registered with Euronext Securities Oslo, by receiving sector. NOK millionDownload table as ...Paid out dividends on listed shares registered with Euronext Securities Oslo, by receiving sector. NOK million
4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Total 65 567 45 958 108 641 32 144 Non-financial corporations 11 678 4 080 18 618 5 784 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government .. .. .. 0 Public unincorporated enterprises, owned by local government .. .. .. 0 Public incorporated enterprises, owned by local government .. .. 24 0 Private non-financial incorporated enterprises 11 675 4 079 18 587 5 782 Private non-financial unincorporated enterprises 1 1 2 0 Private non-profit institutions serving enterprises 1 1 5 1 Financial corporations 4 659 5 482 13 222 2 179 Norges Bank .. .. 1 0 Banks 123 54 171 46 Mortgage companies 0 0 0 0 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies .. .. 1 0 Mutual funds 3 569 1 742 7 426 1 717 Alternative investment funds (AIF) excluding mutal funds 45 31 145 28 Other financial enterprises, except insurance companies and pension funds 508 3 390 4 607 193 Life insurance companies and pension funds 407 258 838 192 Non-life insurance companies 7 5 31 3 General government 22 140 16 410 28 135 7 794 Central government 22 138 16 408 28 126 7 793 Local government 2 1 9 1 Non-profit institutions serving households 62 38 315 40 Households 3 408 2 213 5 754 1 498 Unincorporated enterprises within households .. .. .. 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 3 408 2 213 5 753 1 498 Rest of the world 23 578 17 709 42 547 14 819 Unspecified sector 42 27 51 30 Explanation of symbolsDownload table as ... - Issues of debt securities, by issuing sectors. Face values in NOK millionDownload table as ...Issues of debt securities, by issuing sectors. Face values in NOK million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 157 236 220 906 380 223 175 455 287 589 - domestic issuers 123 122 174 906 334 413 142 362 247 432 Short-term debt securities issued in Norway 83 541 74 731 95 021 96 010 85 021 - domestic issuers 83 541 74 731 95 021 96 010 85 021 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 34 454 88 732 146 290 111 694 44 726 Sertifikater emittert i utlandet 353 682 480 337 231 918 297 552 244 696 Non-financial corporations Long-term debt securities issued in Norway 35 350 21 549 62 495 31 560 30 901 Long-term debt securities issued abroad 599 21 316 11 609 14 243 0 Short-term debt securities issued in Norway 10 573 8 142 16 475 13 992 9 576 Short-term debt securities issued abroad 44 940 139 479 27 283 33 405 47 176 Financial corporations Long-term debt securities issued in Norway 60 149 122 941 197 276 61 652 180 710 Long-term debt securities issued abroad 33 855 67 415 134 682 97 452 44 726 Short-term debt securities issued in Norway 1 360 2 750 3 000 4 900 4 000 Short-term debt securities issued abroad 308 742 340 857 204 636 264 148 197 522 General government Long-term debt securities issued in Norway 27 624 30 416 74 641 49 150 35 821 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 71 608 63 839 75 546 77 119 71 445 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 34 114 46 000 45 810 33 093 40 157 Short-term debt securities issued in Norway 0 0 . . . Explanation of symbolsDownload table as ... - Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK millionDownload table as ...Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 3rd quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 3 117 835 3 235 268 3 302 884 3 313 775 3 383 372 - domestic issuers 2 614 812 2 748 121 2 803 095 2 812 116 2 865 671 Stort-term debt securities issued in Norway 153 929 146 426 160 837 160 569 159 412 - domestic issuers 153 699 146 426 160 837 160 569 159 412 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 2 121 307 2 168 585 2 148 423 2 204 262 2 146 992 Stort-term debt securities issued abroad 414 030 505 717 342 629 362 188 349 047 Non-financial corporations Long-term debt securities issued in Norway 456 970 457 866 484 115 482 551 492 399 Long-term debt securities issued abroad 570 430 591 968 561 209 549 985 538 043 Stort-term debt securities issued in Norway 17 160 8 360 17 895 18 440 16 429 Stort-term debt securities issued abroad 11 806 47 073 11 130 2 380 17 615 Financial corporations Long-term debt securities issued in Norway 1 387 276 1 497 136 1 528 507 1 505 432 1 532 457 Long-term debt securities issued abroad 1 550 878 1 576 617 1 587 215 1 654 276 1 608 948 Stort-term debt securities issued in Norway 5 280 4 930 4 460 5 900 7 780 Stort-term debt securities issued abroad 402 224 458 644 331 499 359 808 331 432 Central government Long-term debt securities issued in Norway 766 567 789 120 786 473 820 134 836 817 Long-term debt securities issued abroad 0 0 0 0 0 Stort-term debt securities issued in Norway 131 259 133 137 138 483 136 230 135 204 Stort-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 503 023 487 147 499 789 501 659 517 701 Stort-term debt securities issued in Norway 230 0 . . . Explanation of symbolsDownload table as ... - Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK millionDownload table as ...Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
3rd quarter 2025 Opening balance Issues (face value) (NOK million) Redemptions (NOK million) Changes in sector classification and exchange rates (NOK million) Closing balance Debt securities issued in Norway and by Norwegian entities abroad 6 040 795 662 034 -633 555 -30 702 6 038 825 - Norwegian entitites 5 539 135 621 875 -611 894 -28 247 5 521 122 Debt securities issued in Norway 3 474 344 372 610 -300 857 -3 313 3 542 784 - Norwegian entitites 2 972 685 332 453 -279 198 -857 3 025 083 Non-financial corporations Long-term debt securities issued in Norway 482 551 30 901 -20 309 -744 492 399 Long-term debt securities issued abroad 549 985 0 -6 469 -5 473 538 043 Short-term debt securities issued in Norway 18 440 9 576 -11 587 0 16 429 Short-term debt securities issued abroad 2 380 47 176 -31 999 58 17 615 Financial corporations Long-term debt securities issued in Norway 1 505 432 180 710 -153 574 -111 1 532 457 Long-term debt securities issued abroad 1 654 276 44 726 -73 239 -16 815 1 608 948 Short-term debt securities issued in Norway 5 900 4 000 -2 120 0 7 780 Short-term debt securities issued abroad 359 808 197 522 -220 989 -5 162 331 432 Central government Long-term debt securities issued in Norway 820 134 35 821 -19 139 1 836 817 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 136 230 71 445 -72 471 0 135 204 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 501 659 40 157 -21 659 -2 456 517 701 Short-term debt securities issued in Norway . . . . . Explanation of symbolsDownload table as ... - Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)Download table as ...Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)
<= 1 year > 1 year <= 2 years > 2 years <= 5 years > 5 years <= 10 years > 10 years <= 20 years > 20 years Total Original maturity Outstanding amounts in total from debt securities issued in Norway 159 812 219 412 1 249 403 1 066 732 726 315 121 110 3 542 784 Non-financial corporations 16 829 2 033 219 700 208 044 45 987 16 234 508 827 Banks 2 280 1 050 165 457 157 449 41 188 38 892 405 916 Other financial corporations 5 900 195 000 438 648 404 099 59 607 31 067 1 134 321 Central government and social security funds 60 417 0 28 775 69 580 508 741 21 670 689 183 Local government 74 787 20 484 98 591 59 752 28 985 240 282 839 Non-profit institutions serving households Households Rest of the world 0 845 298 233 167 808 41 807 9 007 517 700 Remaining maturity Outstanding amounts in total from debt securities issued in Norway 672 510 663 372 1 479 891 560 316 72 911 93 783 3 542 783 Non-financial corporations 80 975 77 973 248 144 84 800 4 050 12 884 508 826 Banks 47 398 75 598 187 977 53 813 2 240 38 890 405 916 Other financial corporations 258 531 300 123 475 933 60 976 9 290 29 467 1 134 320 Central government and social security funds 114 210 65 828 188 110 271 109 49 926 0 689 183 Local government 123 648 41 207 85 358 28 376 4 250 0 282 839 Non-profit institutions serving households 0 0 . . . . 0 Households 0 0 . . . . 0 Rest of the world 47 749 102 643 294 369 61 242 3 155 8 542 517 700 Explanation of symbolsDownload table as ... - Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.Download table as ...Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.
<= 1 year > 1 year <= 2 years > 2 years <= 5 years > 5 years <= 10 years > 10 years <= 20 years > 20 years Total Original maturity Outstanding amounts in total from debt securities issued by Norwegian entities abroad 349 047 7 721 656 260 951 105 338 245 193 661 2 496 039 Non-financial corporations 17 615 0 23 941 222 143 167 888 210 476 555 659 Banks 327 296 2 727 201 517 127 713 15 844 7 215 682 312 Other financial corporations 4 136 4 994 430 802 601 248 154 512 62 376 1 258 068 Remaining maturity Outstanding amounts in total from debt securities issued by Norwegian entities abroad 684 592 291 193 959 421 389 410 117 907 53 516 2 496 039 Non-financial corporations 55 940 56 083 154 858 177 352 72 668 38 758 555 659 Banks 411 109 64 257 191 669 9 425 4 667 1 184 682 311 Other financial corporations 217 543 170 853 612 893 202 633 40 572 13 573 1 268 122 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 28 October 2025.
Euronext Securities Oslo (formerly Verdipapirsentralen) is the Central Security Depository in Norway. It handles the settlement of transactions in securities and the registration of ownership rights over securities in Norway.
Types of securities:
Listed shares entails shares listed for trade at Euronext Oslo Børs (OSE), Euronext Expand Oslo or Euronext Growth Oslo.
Unlisted shares entails shares not listed for trade at an exchange, do not have a listed market price, and are therefore usually less liquid.
Equity certificates are special kind of equity instrument issued by savings banks and mutual insurance companies. Equity certificates are very similar to shares, but differ with regards to ownership rights and influence in the company.
Long-term debt securities are debt securities with a duration longer than one year that can be divided between several lenders as standardized partial long-term debt securities without the borrower's approval. A long-term debt security is a negotiable financial instrument.
Short-term debt securities are debt securities with duration less than one year.
An issue is the opening of a new loan.
The issuer is the institutional owner who raised the loan and registers it in his balance sheet (the original borrower). The institutional owner is not always an individual legal entity.
The borrower is the institution registering the loan in his balance sheet. This institution may differ from the issuing institution as a result of mergers, demergers, bankruptcies etc.
Valuation:
The market values of the stocks of securities in Norway are determined by available prices. For listed securities, they will mainly be market prices from the Oslo Stock Exchange and Euronext.
Transaction prices are based upon information about actual payments registered in Euronext Securities Oslo, or calculated amounts if no actual payments are available. Where no actual payments are specified, market prices from OSE are used for individual trading dates in order to determine traded amounts for transactions.
Dividends/coupon payments are actual paid out amounts during a period.
Net purchases are defined as purchases and issues of securities less sales and redemptions of securities.
Sector and industry categorization information is based on what is registered at the Coordinating Register for Legal Entities Enterprises. This classification is based on international requirements in SNA2008 (System of National Accounts)/ ESA2010 (European System of Accounts) and NACE Rev.2 (European Classification of Economic Activities).
ISIN is an abbreviation for International Securities Identification Number and is a code that uniquely identifies a specific security. It is assigned by the Norwegian Central Securities Depository and based on the international standard ISO 6166:2001.
CFI is an abbreviation for Classification of Financial Instruments and is based on the international standard ISO 10962:2001. The Norwegian Central Securities Depository is responsible for the assignment of CFI codes.
Name: Securities
Topic: Banking and financial markets
Division for Financial Markets Statistics
National level, no regional divisions.
Quarterly. Normally published 6-7 weeks after the end of the statistics quarter
BIS - Bank for International Settlements
Time series are stored in a database solution.
The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository”, published as " Securities" as of Q1 2016. "Securities"' data series go back to Q4 2014, while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository".
The purpose of the statistics is to provide a current overview of the issue and ownership of securities registered in Euronext Securities Oslo as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.
Figures for outstanding amounts of long-term debt securities are available back to 1899. Figures for issues of long-term debt securities are available back to 1914. Historical figures on nominal yields are available back to 1900.Figures for short-term debt securities are available back to 1985. Figures for issues outside Norway by residents are available back to 1988.
Details of figures on numbers of issues of debt securities in Norway are available from 1998, while details of figures on numbers of issues abroad are available from 2001.
Major users, in addition to Statistics Norway, are users representing the securities market, public authorities and research institutes.
No external users have access to the statistics before they are published and accessible simultaneously for all users on ssb.no. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar
The statistics is adjusted in accordance with the national accounts recommendations.
The Statistics Act § 10
Council regulation 2223/96
The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository”, published as " Securities "as of Q1 2016. The statistics presents stock and transaction data in face values as well as market values for the following types of securities registered in the Central Security Depository:
- All shares issued by public limited companies (PLC) and a share of private limited companies listed on Euronext Securities Oslo. Also included are a part of or the whole share capital of foreign registered Companies.
- Equity certificates, including all equity certificates listed on Euronext Securities Oslo.
- Bonds, including all bonds of short- or long maturity issued in Norway in NOK or foreign currency. Bonds in foreign currency are included in the statistics from the 4th quarter of 2006.
- Short-term debt securities issued in Norway in NOK or foreign currency, including treasury bills issued by the Norwegian state since July 2000. Short-term debt securities in foreign currency are included in the statistics from the 4th quarter of 2006.
In addition, the statistics have information about issues and outstanding amounts in nominal values from debt securities issued by Norwegian entities abroad.
For all debt securities issued in Norway and abroad, the statistics also have information about numbers of issues and the link between outstanding amounts, issues, redemptions and changes in outstanding amounts caused by changes in sector classification and exchange rates in nominal values. From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".
Full sample. Information from Euronext Securities Oslo, Oslo Børs (OSE), Norwegian Trustee and forms (RA-0622) contending details from issues sent to Statistics Norway.
Extracts of primary data from securities in Norway are received monthly from Euronext Securities Oslo. Market values and transaction information are received currently from Euronext Securities Oslo and Euronext. Exchange rate information is received by the Norges Bank. Data from debt securities issued by Norwegian entities abroad are sent by issuers to Statistics Norway every month by use of a form (RA-0622).
Data is controlled at an individual security level (ISIN level) against previous reported periods. The development in the value of listed shares and bonds is revised against data published by Euronext. Figures for outstanding debts are co-ordinated with the accounting statistics. Details of debt securities issued by residents abroad are also controlled against data reported to the BIS and other national and international registers.
Data series are revised on an ongoing basis and published together with data for the new statistical period.
Not relevant
Statistics Norway's standard confidentiality rules apply.
All "Securities"' data series go back to Q4 2014,while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository".
Changes in legislation, changes in regulations for registration requirements in Euronext Securities Oslo, and the introduction of new classification standards may lead to interrupted time series.
2006: Adjustment in securities statistics:
An change in the statistics to a more detailed reporting in the 4th quarter of 2006, means that the sector and industry categorization is based on information from the Central Coordinating Register for Legal Entities Enterprises, and no longer from the Central Security Depository (VPS) itself. This caused some changes in the ownership of some securities. The sectors “Other financial corporations” and “Other non-financial corporations” and “Local government and municipal enterprises” were significantly affected by this change.
Further, the adjustment in the statistics lead to more use of observed prices from transactions for calculation of market values of securities, which particularly improved the estimation in value of unlisted shares. Calculations showed that the total value of unlisted shares registered with the VPS increased by NOK 107 billion (64 per cent) as a consequence of changed method of calculation.
The adjustment of the securities statistics also meant that bonds issued in foreign currency was included in the statistics. This lead to a NOK 20 billion increase in the market value of the stocks of bonds.
Changes in the periodic distribution of issues and outstanding amounts of debt securities from 2007:
In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level. The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct.
2012: New standard for sector classification was introduced.
A new institutional sector classification was introduced from January 2012. One of the most significant changes is that the demarcation between financial – and non-financial sector was shifted so that financial sector increased in size. In addition, some new financial sectors were introduced such as “investment trusts and private equity funds” and “financial holding companies”.
The introduction of the new sector classification leads to a break in the statistics. The new tables will contain data from the first quarter of 2012 and onwards. The older tables will not be updated with new time series.
2012: New divide between listed - and unlisted shares
From 2012 and onwards, the statistics the distinguishes between listed - and unlisted registered with the VPS. Listed shares entails shares registered for trade at the Oslo Stock Exchange or Oslo Axess.
From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".
Updated information about debt securities:
Time series breaks may exist due to access to new information, alterations in the legal framework and in the registration rules of the Norwegian Central Securities Depository.
The tables are updated with figures for these new data from 2012.
2020: New divide between listed - and unlisted shares
From 2020 listed shares entails shares registered for trade at Euronext Oslo Børs, Euronext Expand Oslo or Euronext Growth Oslo.
To the degree that the fixed delivery from Euronext Securities Oslo contains errors or defects, this could affect the statistics. Processing and control routines have been established in order to detect and correct such errors and defects.
In cases where an owner of a security is registered on a nominee account of a financial enterprise, and in cases where different types lending of securities occur, others than the genuine owners will be registered in the VPS register. This can to some extent cause the application of sectors to owners of holdings and transactions to be imperfect.
In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level. The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct.
The statistics on issues by Norwegian residents outside Norway is based on data reported to Norges Bank from the issuers. Unless all the issues are reported, the statistics will contain non-response errors. Due to non-response errors which have been discovered, figures for Norwegian entities' issues abroad were corrected in statistics published in Q3 and Q4 2013, Q3 2015 and Q1 2016.
Data may be revised in future publications.