Financial market statistics, April 2018:
Lower growth rate for household loans in April
Statistical news from Statistics Sweden 2018-05-29 9.30
In April 2018, households’ loans from monetary financial institutions (MFIs) had an annual growth rate of 6.8 percent, which means that the growth rate fell by 0.1 percentage point compared with March.
Households’ loans from MFIs totalled SEK 3 871 billion in April. This is an increase of SEK 15 billion compared with the previous month and SEK 233 billion compared with the corresponding month last year.
Housing loans accounted for 82 percent of MFI’s total lending to households and amounted to SEK 3 173 billion in April. This is an increase of SEK 12 billion compared with the previous month and SEK 208 billion compared with the corresponding month last year. This means that housing loans had an annual growth rate of 7.1 percent in April, a decrease of 0.1 percentage point compared with March.
Households’ loans for consumption had a growth rate of 7.1 percent in April, which was a decrease of 0.3 percentage points compared with March. The growth rate for loans with other collateral was 4.8 percent in April, which means that it declined by 0.2 percentage points compared with March. In April, household consumption credits and loans with other collateral totalled SEK 211 billion and SEK 486 billion, respectively.
Reduced growth rate for loans to corporations
In April, the annual growth rate for loans to non-financial corporations was 6.1 percent, a decrease of 0.1 percentage points compared with March. Lending by MFIs to non-financial corporations totalled SEK 2 245 billion in April.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 736 billion in April. Unsecured credit to enterprises amounted to SEK 404 billion, and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 467 billion.
Lower rates for housing loans
The average housing loan interest rate for households for new agreements was 1.54 percent in April, down 0.02 percentage points from March. The floating interest rate for housing loans decreased by 0.03 percentage points to 1.50 percent.
The average interest rate for new deposits by households in bank accounts was 0.07 percent in April, which means that it has remained unchanged since January. Interest rates on accounts with fixed periods or a limited number of free withdrawals was 0.12 percent in April.
The average interest rate for loans for new agreements to non-financial corporations rose from 1.33 percent in March to 1.37 percent in April. The floating rate fell by 0.01 percentage point from the previous month and amounted to 1.35 percent in April.
The average interest rate on new deposits by non-financial corporations in bank accounts was 0.00 percent in April, which is a decrease by 0.01 percentage point since March. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.15 percent in April, compared with -0.12 percent in March.
| Interest rate, new agreements to households | Households' interest rates for housing loans for new agreements | Growth rate, lending to households | Interest rate, new agreements to non- financial corporations | Growth rate, lending to non- financial corporations | |
|---|---|---|---|---|---|
|
Apr-17
|
1.88% | 1.60% | 7.0% | 1.30% | 5.2% |
|
Mar-18
|
1.87% | 1.56% | 6.9% | 1.33% | 6.2% |
|
Apr-18
|
1.89% | 1.54% | 6.8% | 1.37% | 6.1% |
Reduced M3 growth rate
The annual growth rate for the narrow monetary aggregate, M1, amounted to 7.6 percent in April, which is an increase compared with March, when it was 6.7 percent. M1 amounted to SEK 2 787 billion in April.
The growth rate for the broad measure of money supply, M3, decreased from 6.4 percent in March to 6.3 percent in April. M3 amounted to SEK 3 354 billion in total in April.
The M1 consists of the general public’s holdings of bank notes and coins as well as demand deposits by the general public in MFIs and with the central government. In addition to the M1, the M3 includes deposits with certain conditions, repos, shares in money market funds, and short-term securities.
Definitions and explanations
Statistics Sweden compiles monthly financial market statistics on behalf of the Riksbank. These statistics are based mainly on reporting by monetary financial institutions (MFIs). The MFI sector consists of banks, housing credit institutions, finance companies, institutions financing municipalities and companies, monetary securities companies and monetary investment funds (money market funds).
Next publishing will be
2018-06-29 at 09:30.
Statistical Database
More information is available in the Statistical Database
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