Norway Yearbook - 2003

Financial markets
5 64
Domestic credit supply to the public1, by source. Volume figures. Million
kroner. Percentage growth over the past 12 months
19971998 1999 2000 2001 2002
Actual volume figures
Million kroner
Commercial banks/savings banks 685 707 747 061 819 535 938 076 1 030 694 1 097 160
State lending institutions 172 496 180 020 189 651 167 921 176 494 185 932
Central Bank of Norway 512 532 566 575 603 651
Mortgage companies 71629 94964 93270 144846 167698 181 999
Finance companies 37 239 45770 58806 66809 79474 83222
Life insurance companies 33403 28253 25062 23047 24482 23 124
Pension funds 4588 4614 4993 4796 3742 3742
Non-life insurance companies 3936 3272 1 321 1 649 934 918
Long-term securities outstanding2 70571 73481 75538 82838 89671 107 399
Short-term securities outstanding 15434 10 580 19 335 25 059 25 672 28 152
Other sources 3854 4729 7175 6038 10624 14295
Credit from domestic sources (C2)3 1 099 369 1193276 1 295 252 1 461 654 1 610 088 1 726 594
Foreign debt 261 662 326363 399718 445783 450744 411 191
Total credit from domestic and foreign sources
(C3)4 1361031 1519639 1694970 1907437 2060832 2137785
Percentage growth over past 12 months
Per cent
Commercial banks/savings banks 16.8 8.7 9.5 13.8 9.6 8.2
State lending institutions 0.2 4.4 5.3 3.9 5.1 5.3
Central Bank of Norway -2.3 3.9 6.4 1.6 4.9 8.0
Mortgage companies 17.6 31.5 -2.5 20.4 15.6 10.9
Finance companies 22.6 22.8 28.4 12.1 14.6 9.9
Life insurance companies -30.6 -15.4 -11.3 -8.0 0,2 5.5
Pension funds -13.6 0.6 8.2 -3.9 7.1 0.0
Non-life insurance companies -15.1 -16.9 -59.6 24.8 -43.4 -1.7
Long-term securities outstanding2 0.4 4.1 2.8 9.7 8.2 19.8
Short-term securities outstanding 6.9 -31.5 82.8 29.6 2.4 9.7
Other sources 7.7 22.7 51.7 27.4 76.0 34.6
Credit from domestic sources (C2)3 10.2 8.3 8.3 12.4 9.7 8.9
Foreign debt 9.3 28.7 6.2 5.2 2.0 -8.8
Total credit from domestic and foreign sources
(C3)4 10.0 12.2 7.9 12.5 7.9 3.7
1lncluding municipalities, households and non-financial corporations. 2Adjusted for non-resident holdings of Norwegian private and municipal
bonds issued in Norway, 3Credit indicator. Credit from domestic sources. 4Total credit from domestic and foreign sources.
Source: Central Bank of Norway. More information: http:/Mw.norges-bank.no/
565 Bond debts in Norway per 31 December1. Million kroner
Borrower sector 1997 1998 1999 2000 2001 2002*
Bonds in Norwegian kroner2, total 359 224 389 117 381 511 413 635 424 581 477 518
Central government mcl. social security
accounts 137106 133784 130495 144162 129762 124640
Local government 20777 20841 19415 25709 25708 24555
State lending institutions 16822 21 373 29589 326 263 199
Commercial banks mcl. the Postal Bank 59 287 75 595 55 905 55 997 56485 68892
Savings banks 27108 37064 35672 46854 59428 77554
Other credit institutions 42 108 40412 46053 71 074 71 916 75496
State enterprises etc 10359 11 562 16478 18 517 15 048 34591
Municipal enterprises 24382 24257 22886 21404 20573 19133
Other Norwegian sectors 17029 19 175 19476 22 503 35446 39492
Rest of the world 4246 5 054 5 542 7 089 9 952 12 966
Including issuers purchase of own bonds. 2lncludes issues in Euros.
Source: Banking and credit statistics. Current figures, Statistics Norway. More information: http://wvw.ssb.no/eriglish/subiects/1 1/
438 Statistical Yearbook of Norway 2003