Increase in shares and bonds
Public sector
folketrygdfond, Government Pension Fund Norway (discontinued), National Insurance Scheme Fund, shares, interests, bank deposits, bonds, primary capital certificates, assets, liabilities, equityCentral government finances , Public sector

Government Pension Fund Norway (discontinued)2nd half-year 2012

This statistics has been discontinued. Consult The Government Pension Fund.


The operational management of the Pension Fund Norway is carried out by the National Insurance Scheme Fund.




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Increase in shares and bonds

At the end of 2012, the Government Pension Fund Norway was valued at NOK 154.9 billion. This is an increase of NOK 9.1 billion from the end of June 2012.

Government Pension Fund Norway. Balance sheet
2nd half year 20122nd half year 2002
Million kronerPercentage of total assetsMillion kronerPercentage of total assets
1The Government Pension Fund - Norway's mandatory deposits with the Treasury was discontinued on 29 December 2006. The implication of this is a reduction in loans of NOK 101,8 billion and a convertion of loans of NOK 10 billion to bonds.
Deposits in total8 7595.71440.1
Commercial papers00.03 7422.7
Bonds153 27234.425 18718.5
Shares and other equity90 43858.422 26516.4
Loans100.080 57859.2
Other financial assets2 4601.64 2203.1
Non-financial assets00.000.0
Total assets154 930100.0136 136100.0
Government pension fund Norway. Total assets. 30 June 2009-31 December 2012. NOK million

Shares and other equity were valued at a total of NOK 90.4 billion at the end of 2012. This is an increase of 10 per cent from the end of June. The value of the bond portfolio increased by 3.6 per cent, from NOK 51.4 to NOK 53.3 billion, from the end of June to the end of the year. The Fund also had deposits worth NOK 8.8 billion and other financial assets valued at NOK 2.5 billion. At the end of the year, the Fund’s total assets were valued at NOK 154.9 billion, which is 6.2 per cent more than at the end of June.

From the end of 2011 to the end of 2012, the gross value of the Fund increased by NOK 18.5 billion, or 13.6 per cent. Much of this growth is due to an increase in the Fund’s received collateral in securities lending agreements. This also accounts for most of the Fund’s total liabilities of NOK 9.8 billion.