Loan growth continues | DN

The Norwegians increased their debt by 5.7% in the last 12 months until November, against 5.5% the previous month. It features the Statistics Norway K2 Credit Indicator (SSB), released on Thursday.

Debt on public domestic borrowing rose to NOK 5673 billion at the end of October, it seems.

Households slow down

Domestic household debt rose to NOK 3434 billion at the end of October. According to Statistics Norway, the 12-month growth was 5.7% until the end of October, compared with 5.8% the previous month.

The domestic debt of nonfinancial enterprises rose to NOK 1739 billion at the end of October. The 12-month growth was 5.8% until the end of October, compared to 5.1% the previous month.

At the end of October, loans from banks and mortgage companies accounted for 81% of the public domestic debt. This amounted to 4574 billion NOK. The 12-month growth in borrowing from banks and mortgage companies was 5.7% at the end of October, down from 5.8% the previous month.

Debt growth in the country

The 12-month growth in government securities loans was 4.4% until the end of October, compared with 4.1% the previous month.

Total public debt, including external debt (K3), amounted to NOK 6,848 billion at the end of the third quarter of 2018, of which ITL 1,216 billion.

Public debt vis-à-vis foreign sources of credit continued to decline in the third quarter. Year-over-year growth fell from -11.5% to -12.4% in the second quarter at the end of the third quarter of 2018.

According to Statistics Norway, the bulk of external debt is contracted by non-financial corporations.(Conditions)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our business using a link directly to our pages. The copy or any other form of use of all or part of the content may only be done by written authorization or as permitted by law. For other terms please see here.