Credit Database (KRITA), January 2026
Tenant owners’ associations choose fixed interest rates
Statistical news from Statistics Sweden 2026-03-13 8.00
Tenant owners’ associations continue to choose shorter fixed-interest periods. However, 75 percent of the loan volume to Tenant owners’ associations is tied to a fixed-interest period of more than three months, and only 25 percent of the loan volume has a variable interest rate. This can be compared with recently published financial market statistics on household mortgages, which show that the proportion of mortgages with variable interest rates has exceeded 75 percent for the first time.
“We see that Tenant owners’ associations have the largest proportion of their loans at a fixed interest rate period, unlike households, which have the largest proportion of their loans at a variable interest rate period, says Andreas Rasku, economist at Statistics Sweden (SCB).
Lending to non-financial corporations, January 2026
Lending by economic activity
The largest economic activities in terms of loan volume in Janaury 2026 were Real Estate – housing, accounting for 24.6 percent of total lending, followed by Real Estate – offices at 23.0 percent and Tenant owners’ associations at 19.7 percent.
Lending by economic activity, January 2026
Annual growth rate of lending by economic activity
Lending to Real Estate – offices had a growth rate of 4.6 percent, while Real Estate – housing recorded 0.2 percent and Tenant owners’ associations 0.8 percent.
In January 2026, the annual growth rate of lending was positive in nine out of the eleven economic activities and negative in the remaining two.
Annual growth rate of lending, by economic activity
Interest rates by economic activity
The interest rate for lending to Real Estate – offices was 3.39 percent in January 2026. In December 2025, the rate was 3.38 percent, and in January 2025 it was 4.09 percent. For Real Estate – housing the interest rate was 3.01 percent in January 2026. In December 2025, it was 3.00 percent and in January 2025 it was 3.49 percent. For Tenant owners’ associations the interest rate was 2.87 percent in January 2026. In December 2025, it was 2.86 percent and in January 2025 it was 3.00 percent.
For January 2026, the highest interest rate was recorded for Information and Communication at 4.41 percent.
The lowest interest rate was found in Tenant owners’ associations where it amounted to 2.87 percent.
Interest rates by economic activity
Lending to Tenant owners’ associations
The loan volume with interest‑rate fixation periods exceeding three years continues to decline. In January 2026, the largest loan volume to Tenant owners’ associations was associated with interest‑rate fixation periods of more than one year and up to three years, totaling SEK 196 147 million, followed by fixation periods exceeding three years at SEK 192 467 million. A total of SEK 138 567 million was fixed for up to three months, and SEK 34 094 million for periods of more than three months and up to one year.
Lending to Tenant owners’ associations by interest fixation period
Growth rate of lending by enterprise size
The annual growth rate of lending to large enterprises was 2.9 percent in January, down from 3.1 percent in December.
For small and medium-sized enterprises, the growth rate was 3.0 percent in January compared to 2.8 percent in december.
For micro enterprises, the growth rate was 3.9 percent in January and 3.3 percent in December.
Annual growth rate of lending, by enterprise size
Interest rates by enterprise size
The average interest rate for large companies was 3.24 percent in January 2026. In December 2025, it was 3.23 percent, and in January 2025 it was 3.82 percent. For small and medium-sized enterprises, the interest rate was 3.55 percent in January 2026. In December 2025, it was 3.54 percent, and in January 2025 it was 4.15 percent. For micro enterprises, the interest rate was 3.70 percent in January 2026. In December 2025, it was 3.70 percent, and in January 2025 it was 4.27 percent.
Interest rates by enterprise size
Definitions and explanations
About the statistics
The statistics are based on data on credits provided to Swedish non-financial corporations by monetary financial institutions (MFIs) operating in Sweden. The data covers outstanding loan amounts, interest rates, the number of borrowing companies and the annual growth rate of outstanding loans.
Economic activity
The economic activity classification used in the publication of the Credit Database (KRITA) is based on a method developed by the Riksbank and Statistics Sweden (SCB) to provide more accurate financial market statistics. This method is based on the Swedish Standard Industrial Classification (SNI) but includes adjustments, meaning that a company’s economic activity according to SNI may not necessarily match the estimated classification.
Enterprise size
A common approach when analysing corporate loan financing is to examine how developments differ between large and small enterprises. This is because loan terms—such as loan amounts and interest rates—tend to vary by enterprise size. To classify companies into size categories, various data points are used with the most important being:
- Number of employees, turnover and balance sheet total
- Outstanding loans in KRITA
- Ownership category (e.g., public sector ownership)
- Legal form (specifically for tenant-owner associations)
For more information on economic activity and enterprise size, see Credit Database (KRITA)