Statistikk innhold
Statistics on
Securities
The securities statistics provide a current overview of the issue and ownership of securities registered in VPS 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 Verdipapirsentralen by type of security. NOK billion and per centDownload table as ...Stocks of securities registered with Verdipapirsentralen by type of security. NOK billion and per cent
2nd quarter 2024 1st quarter 2025 2nd quarter 2025 Changes in per cent 1st quarter 2025 - 2nd quarter 2025 2nd quarter 2024 - 2nd quarter 2025 Stocks (market value) Shares (listed) 4 029 3 845 3 978 3.5 -1.3 Equity certificates 116 134 146 8.3 25.5 Long-term debt securities 3 026 3 259 3 282 0.7 8.4 Short-term debt securities 156 160 160 -0.2 2.3 Total 7 328 7 398 7 565 2.3 3.2 Explanation of symbolsDownload table as ... - Stocks of securities registered with Verdipapirsentralen, by holding sector and type of security. Market value. NOK millionDownload table as ...Stocks of securities registered with Verdipapirsentralen, by holding sector and type of security. Market value. NOK million
2nd quarter 2025 Shares (listed) Equity certificates Long-term debt securities Short-term debt securities Total 3 978 099 145 615 3 281 736 159 761 Non-financial corporations 535 907 16 873 58 082 30 405 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 27 336 8 12 142 29 500 Public unincorporated enterprises, owned by local government 5 0 54 0 Public incorporated enterprises, owned by local government 545 87 11 830 879 Private non-financial incorporated enterprises 507 800 16 665 30 865 25 Private non-financial unincorporated enterprises 82 20 3 0 Private non-profit institutions serving enterprises 138 94 3 188 0 Financial corporations 519 953 74 157 1 778 404 94 369 Norges Bank 0 0 0 0 Banks 11 951 2 703 761 776 28 649 Mortgage companies 0 6 94 466 11 497 Finance companies 0 0 172 0 State lending institutions etc. 0 0 0 0 Financial holding companies 953 5 4 362 0 Mutual funds 268 050 14 965 332 851 30 853 Alternative investment funds (AIF) excluding mutal funds 5 225 575 1 068 0 Other financial enterprises, except insurance companies and pension funds 201 158 49 796 13 585 6 762 Life insurance companies and pension funds 31 625 5 815 498 911 13 946 Non-life insurance companies 990 291 71 212 2 661 General government 1 183 911 294 153 833 17 581 Central government 1 183 638 2 145 594 17 578 Local government 273 291 8 239 3 Non-profit institutions serving households 9 417 5 522 7 086 0 Households 194 484 22 900 8 519 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. 194 465 22 898 8 517 0 Rest of the world 1 534 349 25 855 1 275 800 17 407 Unspecified sector 78 15 12 0 Explanation of symbolsDownload table as ... - Net purchases of securities registered with Verdipapirsentralen, by purchasing sector and type of security. Market value. NOK millionDownload table as ...Net purchases of securities registered with Verdipapirsentralen, by purchasing sector and type of security. Market value. NOK million
2nd quarter 2025 Shares (listed) Equity certificates Long-term debt securities issued in Norway Short-term debt securities issued in Norway Total 4 556 97 13 619 -608 Non-financial corporations 8 383 25 -5 856 1 360 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 2 890 0 -4 655 2 152 Public unincorporated enterprises, owned by local government .. 0 0 0 Public incorporated enterprises, owned by local government -27 -7 -499 -661 Private non-financial incorporated enterprises 5 508 26 -704 -131 Private non-financial unincorporated enterprises 5 0 1 0 Private non-profit institutions serving enterprises 7 6 0 0 Financial corporations 628 374 -16 883 -6 209 Norges Bank -10 0 0 0 Banks 515 -4 -21 617 2 273 Mortgage companies 0 .. 193 -5 007 Finance companies 0 0 .. 0 State lending institutions etc. 0 0 0 0 Financial holding companies -1 278 .. 1 370 0 Mutual funds -4 716 324 -1 994 -1 102 Alternative investment funds (AIF) excluding mutal funds -352 8 -250 0 Other financial enterprises, except insurance companies and pension funds 7 968 -7 1 651 -1 011 Life insurance companies and pension funds -1 483 61 2 953 -1 170 Non-life insurance companies -16 -8 810 -192 General government -3 537 0 2 357 4 664 Central government -3 543 .. 2 570 4 664 Local government 6 0 -213 0 Non-profit institutions serving households 311 25 123 0 Households -200 -161 22 0 Unincorporated enterprises within households 0 .. .. 0 Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 .. 0 0 Employees, recipients of property income, pensions and social contributions, students etc. -200 -161 22 0 Rest of the world -1 037 -166 33 857 -422 Unspecified sector 8 0 0 0 Explanation of symbolsDownload table as ... - Paid out dividends on listed shares registered with Verdipapirsentralen, by paying sector. NOK millionDownload table as ...Paid out dividends on listed shares registered with Verdipapirsentralen, by paying sector. NOK million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Total 43 604 65 567 45 958 108 641 Non-financial corporations 38 254 59 588 34 799 69 593 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 20 518 28 624 21 302 18 944 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 17 736 30 964 13 497 50 649 Private non-financial unincorporated enterprises 0 0 0 0 Private non-profit institutions serving enterprises 0 0 0 0 Financial corporations 165 221 5 329 34 135 Norges Bank 0 0 0 0 Banks .. .. .. 28 534 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 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 Life insurance companies and pension funds 0 0 0 0 Non-life insurance companies 165 .. 5 329 247 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 5 185 5 758 5 830 4 913 Explanation of symbolsDownload table as ... - Paid out dividends on listed shares registered with Verdipapirsentralen, by receiving sector. NOK millionDownload table as ...Paid out dividends on listed shares registered with Verdipapirsentralen, by receiving sector. NOK million
3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Total 43 604 65 567 45 958 108 641 Non-financial corporations 7 155 11 678 4 080 18 618 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government .. .. .. .. Public unincorporated enterprises, owned by local government .. .. .. .. Public incorporated enterprises, owned by local government .. .. .. 24 Private non-financial incorporated enterprises 7 137 11 675 4 079 18 587 Private non-financial unincorporated enterprises 1 1 1 2 Private non-profit institutions serving enterprises 18 1 1 5 Financial corporations 2 923 4 659 5 482 13 222 Norges Bank .. .. .. 1 Banks 88 123 54 171 Mortgage companies 0 0 0 0 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies .. .. .. 1 Mutual funds 2 068 3 569 1 742 7 426 Alternative investment funds (AIF) excluding mutal funds 35 45 31 145 Other financial enterprises, except insurance companies and pension funds 486 508 3 390 4 607 Life insurance companies and pension funds 242 407 258 838 Non-life insurance companies 5 7 5 31 General government 15 704 22 140 16 410 28 135 Central government 15 703 22 138 16 408 28 126 Local government 1 2 1 9 Non-profit institutions serving households 35 62 38 315 Households 1 782 3 408 2 213 5 754 Unincorporated enterprises within households .. .. .. .. Private non-financial unincorporated enterprises inclusive housing cooperatives etc. 0 0 0 0 Employees, recipients of property income, pensions and social contributions, students etc. 1 782 3 408 2 213 5 753 Rest of the world 15 953 23 578 17 709 42 547 Unspecified sector 51 42 27 51 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 225 190 157 236 220 906 380 223 175 455 - domestic issuers 173 340 123 122 174 906 334 413 142 362 Short-term debt securities issued in Norway 95 508 83 541 74 731 95 021 96 010 - domestic issuers 95 278 83 541 74 731 95 021 96 010 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 98 420 34 454 88 732 146 290 111 694 Sertifikater emittert i utlandet 180 325 353 682 480 337 231 918 297 552 Non-financial corporations Long-term debt securities issued in Norway 49 694 35 350 21 549 62 495 31 560 Long-term debt securities issued abroad 17 292 599 21 316 11 609 14 243 Short-term debt securities issued in Norway 17 813 10 573 8 142 16 475 13 992 Short-term debt securities issued abroad 38 695 44 940 139 479 27 283 33 405 Financial corporations Long-term debt securities issued in Norway 63 885 60 149 122 941 197 276 61 652 Long-term debt securities issued abroad 81 128 33 855 67 415 134 682 97 452 Short-term debt securities issued in Norway 700 1 360 2 750 3 000 4 900 Short-term debt securities issued abroad 141 630 308 742 340 857 204 636 264 148 General government Long-term debt securities issued in Norway 59 761 27 624 30 416 74 641 49 150 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 76 766 71 608 63 839 75 546 77 119 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 51 849 34 114 46 000 45 810 33 093 Short-term debt securities issued in Norway 230 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 2nd quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 3 068 845 3 117 835 3 235 268 3 302 884 3 313 775 - domestic issuers 2 582 516 2 614 812 2 748 121 2 803 095 2 812 116 Stort-term debt securities issued in Norway 157 170 153 929 146 426 160 837 160 569 - domestic issuers 156 940 153 699 146 426 160 837 160 569 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 2 108 368 2 121 307 2 168 585 2 148 423 2 204 262 Stort-term debt securities issued abroad 330 589 414 030 505 717 342 629 362 188 Non-financial corporations Long-term debt securities issued in Norway 447 331 456 970 457 866 484 115 482 551 Long-term debt securities issued abroad 567 078 570 430 591 968 561 209 549 985 Stort-term debt securities issued in Norway 20 661 17 160 8 360 17 895 18 440 Stort-term debt securities issued abroad 2 064 11 806 47 073 11 130 2 380 Financial corporations Long-term debt securities issued in Norway 1 379 979 1 387 276 1 497 136 1 528 507 1 505 432 Long-term debt securities issued abroad 1 541 291 1 550 878 1 576 617 1 587 215 1 654 276 Stort-term debt securities issued in Norway 5 100 5 280 4 930 4 460 5 900 Stort-term debt securities issued abroad 328 525 402 224 458 644 331 499 359 808 Central government Long-term debt securities issued in Norway 751 207 766 567 789 120 786 473 820 134 Long-term debt securities issued abroad 0 0 0 0 0 Stort-term debt securities issued in Norway 131 180 131 259 133 137 138 483 136 230 Stort-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 486 329 503 023 487 147 499 789 501 659 Stort-term debt securities issued in Norway 230 230 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
2nd 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 5 954 775 680 714 -635 579 40 885 6 040 795 - Norwegian entitites 5 454 984 647 618 -606 731 43 264 5 539 135 Debt securities issued in Norway 3 463 721 271 465 -257 765 -3 077 3 474 344 - Norwegian entitites 2 963 932 238 372 -228 920 -699 2 972 685 Non-financial corporations Long-term debt securities issued in Norway 484 115 31 560 -32 308 -816 482 551 Long-term debt securities issued abroad 561 209 14 243 -30 305 4 838 549 985 Short-term debt securities issued in Norway 17 895 13 992 -13 447 0 18 440 Short-term debt securities issued abroad 11 130 33 405 -41 877 -278 2 380 Financial corporations Long-term debt securities issued in Norway 1 528 507 61 652 -84 845 118 1 505 432 Long-term debt securities issued abroad 1 587 215 97 452 -57 175 26 784 1 654 276 Short-term debt securities issued in Norway 4 460 4 900 -3 460 0 5 900 Short-term debt securities issued abroad 331 499 264 148 -248 456 12 617 359 808 Central government Long-term debt securities issued in Norway 786 473 49 150 -15 488 -1 820 134 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 138 483 77 119 -79 371 -1 136 230 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 499 789 33 093 -28 847 -2 376 501 659 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 160 596 124 754 1 321 652 1 033 313 717 792 116 239 3 474 346 Non-financial corporations 18 440 3 167 218 083 200 926 47 080 13 294 500 990 Banks 1 800 1 050 166 194 161 878 40 769 38 952 410 643 Other financial corporations 4 100 100 000 528 575 378 302 60 657 29 056 1 100 690 Central government and social security funds 60 877 0 25 150 69 580 498 691 21 670 675 968 Local government 75 353 18 855 97 173 59 790 28 985 240 280 396 Non-profit institutions serving households Households Rest of the world 27 1 682 286 477 162 838 41 610 9 026 501 660 Remaining maturity Outstanding amounts in total from debt securities issued in Norway 661 863 668 134 1 409 728 577 222 68 486 88 912 3 474 345 Non-financial corporations 72 196 85 034 249 879 80 888 3 050 9 944 500 991 Banks 54 112 82 224 183 363 49 624 2 370 38 950 410 643 Other financial corporations 230 021 299 836 492 133 41 853 9 390 27 456 1 100 689 Central government and social security funds 123 470 65 878 117 685 322 319 46 616 . 675 968 Local government 123 027 40 635 84 123 28 361 4 250 . 280 396 Non-profit institutions serving households 0 0 . . . . 0 Households 0 0 . . . . 0 Rest of the world 59 038 94 528 282 545 54 177 2 810 8 561 501 659 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 362 188 7 892 686 593 951 623 362 389 195 765 2 566 450 Non-financial corporations 2 380 0 24 075 224 353 176 102 212 834 552 366 Banks 355 627 2 843 217 238 129 200 16 949 7 300 729 157 Other financial corporations 4 181 5 049 445 281 598 070 169 337 63 010 1 284 928 Remaining maturity Outstanding amounts in total from debt securities issued by Norwegian entities abroad 709 867 294 160 973 764 414 912 117 080 56 666 2 566 449 Non-financial corporations 46 594 46 742 167 349 179 091 70 833 41 757 552 366 Banks 435 214 77 549 194 350 15 547 5 302 1 195 729 157 Other financial corporations 228 060 169 869 612 066 220 274 40 945 13 713 1 295 090 Explanation of symbolsDownload table as ...
About the statistics
The information under «About the statistics» was last updated 8 April 2024.
Euronext VPS (Verdipapirsentralen) is the only central securities depository in Norway and handles the settlement of transactions in securities and the registration of ownership rights over securities.
Types of securities:
Listed shares entails shares listed for trade at the Oslo Stock Exchange (OSE), Euronext Expand or Euronext Growth.
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 the VPS, 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 VPS 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 VPS:
- All shares issued by public limited companies (PLC) and a share of private limited companies. Also included are a part of or the whole share capital of foreign registered Companies.
- Equity certificates, including all equity certificates listed on the Oslo Stock Exchange.
- 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 The Norwegian Central Securities Depository (VPS), Oslo Stock Exchange (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 the Norwegian Central Securities Depository (VPS). Market values and transaction information are received currently from Euronext and VPS. 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 OSE and VPS. 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 the VPS, 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 the Oslo Stock Exchange, Euronext Expand or Euronext Growth.
To the degree that the fixed delivery from VPS 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.