Strong growth in loans to manufacturing industry
The twelve-month growth in Norwegian financial institutions’ lending to manufacturing industries was 11.0 per cent to end-October. The twelve-month growth in lending to manufacturing industries has been strong over the past three months; between 8 and 15 per cent.
|October 2014||October 2015||October 2014 - October 2015|
|Bank total assets||4 418 081||5 076 585||14.9|
|Deposits||2 952 023||3 452 009||16.9|
|Loans||3 220 195||3 759 614||16.8|
|Bank total assets||1 859 055||2 009 665||8|
|Loans||1 514 596||1 607 380||6.1|
Lending from Norwegian financial institutions to the manufacturing industry amounted to NOK 78 billion at the end of October, down from NOK 81 billion the previous month. Compared to the same period last year, loans have increased by nearly NOK 8 billion. The manufacturing industries accounted for 5.1 per cent of the total industry loans at the end of October.
Strong growth in lending to real estate, renting and business activities
Real estate, renting and business activities’ outstanding debt to Norwegian financial institutions was NOK 644 billion at end-October; an increase of about NOK 6 billion from the month before. The twelve-month growth in lending to real estate, renting and business activities was 6.9 per cent at end-October. By comparison, the twelve-month growth was 6.4 per cent to end-September.
The real estate, renting and business activities industry accounted for the largest share of total industry loans at end-October, with a share of 42.1 per cent. By comparison, the service industries in total accounted for 10.5 per cent.
Decreased growth in total industry loans
Total industry loans amounted to NOK 1 529 billion at the end of October this year, up from NOK 1 527 billion the previous month. Compared to end-October last year, total industry loans have increased by NOK 87 billion. This corresponds to a twelve-month growth of 6.0 per cent to end-October.
Growth rate calculations based on stocks that include foreign currency loans are not adjusted for exchange rate fluctuations.
The statistics is now published as Banks and mortgage companies.