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
1st quarter 2024 4th quarter 2024 1st quarter 2025 Changes in per cent 4th quarter 2024 - 1st quarter 2025 1st quarter 2024 - 1st quarter 2025 Stocks (market value) Shares (listed) 3 885 3 679 3 845 4.5 -1.0 Equity certificates 111 127 134 5.7 21.4 Long-term debt securities 2 950 3 194 3 259 2.0 10.5 Short-term debt securities 152 146 160 9.9 5.0 Total 7 098 7 146 7 398 3.5 4.2 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
1st quarter 2025 Shares (listed) Equity certificates Long-term debt securities Short-term debt securities Total 3 844 601 134 450 3 258 917 160 018 Non-financial corporations 496 625 15 645 63 822 29 013 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 26 128 8 16 800 27 321 Public unincorporated enterprises, owned by local government 5 0 54 0 Public incorporated enterprises, owned by local government 512 90 12 262 1 537 Private non-financial incorporated enterprises 469 781 15 448 31 549 155 Private non-financial unincorporated enterprises 73 18 2 0 Private non-profit institutions serving enterprises 126 82 3 155 0 Financial corporations 489 048 67 451 1 789 195 100 062 Norges Bank 10 0 0 0 Banks 12 071 2 562 781 316 26 355 Mortgage companies 0 6 94 072 16 498 Finance companies 0 0 170 0 State lending institutions etc. 0 0 0 0 Financial holding companies 2 142 4 2 998 0 Mutual funds 257 690 13 480 333 797 31 709 Alternative investment funds (AIF) excluding mutal funds 5 205 540 1 317 0 Other financial enterprises, except insurance companies and pension funds 179 776 45 248 11 835 7 682 Life insurance companies and pension funds 31 163 5 312 493 608 14 997 Non-life insurance companies 993 298 70 082 2 821 General government 1 177 266 277 151 458 13 288 Central government 1 177 013 2 143 031 13 285 Local government 253 275 8 427 3 Non-profit institutions serving households 8 420 5 788 6 967 .. Households 182 995 21 553 8 513 .. Unincorporated enterprises within households 16 1 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. 182 979 21 552 8 511 .. Rest of the world 1 490 177 23 722 1 238 949 17 655 Unspecified sector 71 14 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
1st quarter 2025 Shares (listed) Equity certificates Long-term debt securities issued in Norway Short-term debt securities issued in Norway Total -6 222 0 82 074 14 125 Non-financial corporations 1 632 193 -1 146 4 529 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 5 863 2 -445 5 418 Public unincorporated enterprises, owned by local government .. 0 4 0 Public incorporated enterprises, owned by local government 9 -1 -285 -765 Private non-financial incorporated enterprises -4 236 195 -472 -123 Private non-financial unincorporated enterprises -2 0 0 0 Private non-profit institutions serving enterprises -2 -2 53 0 Financial corporations -4 980 85 34 619 8 883 Norges Bank .. 0 0 0 Banks 538 -170 11 025 6 635 Mortgage companies 0 .. -12 365 3 954 Finance companies 0 0 -6 0 State lending institutions etc. 0 0 0 0 Financial holding companies 218 .. 2 405 0 Mutual funds -2 822 360 37 216 -1 919 Alternative investment funds (AIF) excluding mutal funds -250 -8 -71 0 Other financial enterprises, except insurance companies and pension funds -2 505 -100 711 49 Life insurance companies and pension funds -148 35 -3 689 1 787 Non-life insurance companies -10 -33 -608 -1 623 General government -2 983 -2 -3 978 -2 064 Central government -2 971 .. -3 978 -2 064 Local government -12 -2 0 0 Non-profit institutions serving households 130 -5 720 -39 Households -1 858 60 -249 -40 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. -1 859 60 -249 -40 Rest of the world 1 834 -330 52 107 2 855 Unspecified sector 3 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Total 126 305 43 604 65 567 45 958 Non-financial corporations 86 009 38 254 59 588 34 799 Public unincorporated enterprises, owned by central government 0 0 0 0 Public incorporated enterprises, owned by central government 30 132 20 518 28 624 21 302 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 55 877 17 736 30 964 13 497 Private non-financial unincorporated enterprises 0 0 0 0 Private non-profit institutions serving enterprises 0 0 0 0 Financial corporations 33 438 165 221 5 329 Norges Bank 0 0 0 0 Banks 26 546 .. .. .. Mortgage companies 0 0 0 0 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies 1 817 .. .. .. 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 535 .. 221 .. Life insurance companies and pension funds 0 0 0 0 Non-life insurance companies 4 540 165 .. 5 329 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 6 859 5 185 5 758 5 830 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
2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Total 126 305 43 604 65 567 45 958 Non-financial corporations 18 678 7 155 11 678 4 080 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 18 .. .. .. Private non-financial incorporated enterprises 18 566 7 137 11 675 4 079 Private non-financial unincorporated enterprises 2 1 1 1 Private non-profit institutions serving enterprises 92 18 1 1 Financial corporations 16 984 2 923 4 659 5 482 Norges Bank 1 .. .. .. Banks 244 88 123 54 Mortgage companies 0 0 0 0 Finance companies 0 0 0 0 State lending institutions etc. 0 0 0 0 Financial holding companies .. .. .. .. Mutual funds 8 985 2 068 3 569 1 742 Alternative investment funds (AIF) excluding mutal funds 156 35 45 31 Other financial enterprises, except insurance companies and pension funds 6 680 486 508 3 390 Life insurance companies and pension funds 886 242 407 258 Non-life insurance companies 32 5 7 5 General government 37 205 15 704 22 140 16 410 Central government 37 195 15 703 22 138 16 408 Local government 10 1 2 1 Non-profit institutions serving households 261 35 62 38 Households 5 383 1 782 3 408 2 213 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. 5 382 1 782 3 408 2 213 Rest of the world 47 749 15 953 23 578 17 709 Unspecified sector 46 51 42 27 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
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 246 806 225 190 157 236 220 906 380 223 - domestic issuers 229 212 173 340 123 122 174 906 334 413 Short-term debt securities issued in Norway 96 344 95 508 83 541 74 731 95 021 - domestic issuers 96 344 95 278 83 541 74 731 95 021 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 102 140 98 420 34 454 88 732 146 290 Sertifikater emittert i utlandet 190 492 180 325 353 682 480 337 231 918 Non-financial corporations Long-term debt securities issued in Norway 21 806 49 694 35 350 21 549 62 495 Long-term debt securities issued abroad 17 331 17 292 599 21 316 11 609 Short-term debt securities issued in Norway 12 011 17 813 10 573 8 142 16 475 Short-term debt securities issued abroad 55 688 38 695 44 940 139 479 27 283 Financial corporations Long-term debt securities issued in Norway 143 983 63 885 60 149 122 941 197 276 Long-term debt securities issued abroad 84 809 81 128 33 855 67 415 134 682 Short-term debt securities issued in Norway 3 370 700 1 360 2 750 3 000 Short-term debt securities issued abroad 134 803 141 630 308 742 340 857 204 636 General government Long-term debt securities issued in Norway 63 424 59 761 27 624 30 416 74 641 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 80 963 76 766 71 608 63 839 75 546 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 17 594 51 849 34 114 46 000 45 810 Short-term debt securities issued in Norway 0 230 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
1st quarter 2024 2nd quarter 2024 3rd quarter 2024 4th quarter 2024 1st quarter 2025 Debt securities issued in Norway Long-term debt securities issued in Norway 2 998 786 3 068 845 3 117 835 3 235 268 3 302 884 - domestic issuers 2 517 413 2 582 516 2 614 812 2 748 121 2 803 095 Stort-term debt securities issued in Norway 153 423 157 170 153 929 146 426 160 837 - domestic issuers 153 417 156 940 153 699 146 426 160 837 Debt securities issued by Norwegian entities abroad Long-term debt securities issued abroad 2 104 006 2 108 368 2 121 307 2 168 585 2 148 423 Stort-term debt securities issued abroad 398 011 330 589 414 030 505 717 342 629 Non-financial corporations Long-term debt securities issued in Norway 418 529 447 331 456 970 457 866 484 115 Long-term debt securities issued abroad 560 482 567 078 570 430 591 968 561 209 Stort-term debt securities issued in Norway 15 601 20 661 17 160 8 360 17 895 Stort-term debt securities issued abroad 4 718 2 064 11 806 47 073 11 130 Financial corporations Long-term debt securities issued in Norway 1 392 884 1 379 979 1 387 276 1 497 136 1 528 507 Long-term debt securities issued abroad 1 543 524 1 541 291 1 550 878 1 576 617 1 587 215 Stort-term debt securities issued in Norway 5 400 5 100 5 280 4 930 4 460 Stort-term debt securities issued abroad 393 293 328 525 402 224 458 644 331 499 Central government Long-term debt securities issued in Norway 702 000 751 207 766 567 789 120 786 473 Long-term debt securities issued abroad 0 0 0 0 0 Stort-term debt securities issued in Norway 132 417 131 180 131 259 133 137 138 483 Stort-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 481 373 486 329 503 023 487 147 499 789 Stort-term debt securities issued in Norway 6 230 230 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
1st 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 6 055 998 853 453 -823 589 -131 087 5 954 775 - Norwegian entitites 5 568 849 807 642 -799 181 -122 326 5 454 984 Debt securities issued in Norway 3 381 694 475 244 -377 669 -15 548 3 463 721 - Norwegian entitites 2 894 547 429 434 -353 260 -6 789 2 963 932 Non-financial corporations Long-term debt securities issued in Norway 457 866 62 495 -29 581 -6 665 484 115 Long-term debt securities issued abroad 591 968 11 609 -12 391 -29 977 561 209 Short-term debt securities issued in Norway 8 360 16 475 -6 940 0 17 895 Short-term debt securities issued abroad 47 073 27 283 -63 052 -174 11 130 Financial corporations Long-term debt securities issued in Norway 1 497 136 197 276 -165 779 -126 1 528 507 Long-term debt securities issued abroad 1 576 617 134 682 -59 493 -64 591 1 587 215 Short-term debt securities issued in Norway 4 930 3 000 -3 470 0 4 460 Short-term debt securities issued abroad 458 644 204 636 -310 985 -20 796 331 499 Central government Long-term debt securities issued in Norway 789 120 74 641 -77 288 0 786 473 Long-term debt securities issued abroad 0 0 0 0 0 Short-term debt securities issued in Norway 133 137 75 546 -70 201 1 138 483 Short-term debt securities issued abroad 0 0 0 0 0 Rest of the world Long-term debt securities issued in Norway 487 147 45 810 -24 409 -8 759 499 789 Short-term debt securities issued in Norway 0 . . . . 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 161 063 124 677 1 322 320 1 049 465 696 156 110 040 3 463 721 Non-financial corporations 17 895 2 732 221 899 198 449 49 770 11 265 502 010 Banks 1 400 250 160 284 169 039 41 305 39 415 411 893 Other financial corporations 3 060 103 000 537 179 391 469 60 409 25 957 1 121 074 Central government and social security funds 59 087 0 23 980 70 680 473 711 20 850 648 308 Local government 79 396 17 104 95 393 56 811 27 705 240 276 649 Non-profit institutions serving households Households Rest of the world 26 1 591 283 584 163 017 43 256 8 314 499 788 Remaining maturity Outstanding amounts in total from debt securities issued in Norway 673 122 689 269 1 383 685 538 069 96 043 83 533 3 463 721 Non-financial corporations 81 555 87 557 237 147 84 986 2 850 7 915 502 010 Banks 57 841 78 360 176 388 57 291 2 600 39 412 411 892 Other financial corporations 215 940 325 366 504 394 41 827 9 190 24 357 1 121 074 Central government and social security funds 127 230 67 228 109 565 272 489 71 796 . 648 308 Local government 120 082 40 524 84 353 28 639 3 050 . 276 648 Non-profit institutions serving households 0 0 . . . . 0 Households 0 0 . . . . 0 Rest of the world 70 474 90 234 271 838 52 836 6 557 7 849 499 788 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 342 629 3 133 677 484 894 941 372 493 200 373 2 491 053 Non-financial corporations 11 130 0 37 220 215 211 180 439 218 692 572 340 Banks 327 141 3 133 224 989 122 193 16 486 7 071 701 013 Other financial corporations 4 358 0 415 275 557 536 175 568 64 963 1 217 700 Remaining maturity Outstanding amounts in total from debt securities issued by Norwegian entities abroad 672 651 328 571 886 215 419 071 123 372 61 171 2 491 051 Non-financial corporations 59 291 59 681 144 253 200 570 65 808 42 737 572 340 Banks 406 734 85 558 192 043 9 513 6 014 1 153 701 015 Other financial corporations 206 627 183 332 549 920 208 988 51 551 17 281 1 228 201 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.