Monetary financial institutions' (MFIs) loans to households increased at an annual growth rate of 4.6 percent in May. This was a decrease compared to April, when the growth rate was 4.8 percent. In May 2011, the growth rate was 7.0 percent and had a downward trend for the whole of last year.
MFI loans to households in April amounted to SEK 2 689 billion. This is an increase of SEK 118 billion compared to the corresponding month last year. Most of the increase can be explained by a rise in housing loans of SEK 100 billion during the same period. This represents an annual growth rate of 4.9 percent. Housing loans are loans to households with single-family dwellings, condominiums and tenant-owned apartments as collateral. In May, the outstanding housing loans of households at MFIs amounted to SEK 2 159 billion. The remaining part of household borrowing consists of, among other things, loans for consumption that often lack collateral and loans to farmers where agricultural buildings comprise the collateral. In May, household loans for consumption amounted to SEK 166 billion and had an annual growth rate of 5.9 percent. Other loans amounted to SEK 364 billion and in May had an annual growth rate of 2.5 percent.
Lending by MFIs to non-financial corporations amounted to SEK 1 863 billion in May and had an annual growth rate of 4.5 percent. This was a decrease compared to April, when the growth rate was 5.3 percent. In May 2011, the growth rate was 4.4 per cent. Loans with multi-dwelling buildings as collateral accounted for the majority of loans to non-financial corporations. In April, these loans amounted to SEK 549 billion. Unsecured loans, i.e. loans without collateral, amounted to SEK 341 billion.