Financial market statistics, April 2019
Growth rate for households’ loans unchanged in April
Statistical news from Statistics Sweden 2019-05-28 9.30
In April 2019, the annual growth rate of households’ loans from monetary financial institutions (MFIs) was 5.0 percent, which means that the growth rate remained unchanged compared with March.
Households’ loans from MFIs totalled SEK 4 064 billion in April. This is an increase of SEK 14 billion compared with the previous month and SEK 193 billion compared with the corresponding month last year.
Housing loans made up 82 percent of MFIs’ total lending to households and amounted to SEK 3 330 billion in April. This is an increase of SEK 11 billion compared with the previous month and SEK 157 billion compared with the corresponding month last year. Housing loans thus had an annual growth rate of 5.0 percent in April.
The growth rate for households’ loans for consumption was 7.3 percent in April, which is also unchanged compared with March. The growth rate for loans with other collateral was 4.0 percent in April. Household consumption credits and loans with other collateral totalled SEK 233 billion and SEK 501 billion respectively.
Growth rate of loans to corporations increased
In April, the annual growth rate on loans to non-financial corporations was 6.1 percent, which is an increase of 0.1 percentage point compared with 6.0 percent in March. Lending by MFIs to non-financial corporations totalled SEK 2 381 billion in April.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 777 billion in April. Unsecured credit to enterprises amounted to SEK 381 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 486 billion.
Housing loan rate declined
Households’ average housing loan rate for new agreements was 1.53 percent in April, a decrease of 0.03 percentage points compared with March. The floating housing loan rate amounted to 1.54 percent in April, a decrease of 0.02 percentage points compared with March.
The average interest rate for new deposits by households in bank accounts was 0.07 percent in April, unchanged from March. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.16 percent in April, an increase of 0.01 percentage points compared with March.
The average interest rate for loans for new agreements to non-financial corporations rose from 1.27 percent in March to 1.32 percent in April. The floating rate increased by 0.02 percentage points from the previous month and amounted to 1.33 percent in April.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in April, unchanged from March. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.10 percent in April, a decrease of 0.06 percentage points compared with 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 | |
|---|---|---|---|---|---|
|
April-18
|
1.89% | 1.50% | 6.8% | 1.37% | 6.1% |
|
March-19
|
1.87% | 1.56% | 5.0% | 1.27% | 6.0% |
|
April-19
|
1.78% | 1.54% | 5.0% | 1.32% | 6.1% |
Reduced M3 growth rate
The annual growth rate of the narrow monetary aggregate, M1, amounted to 6.0 percent in April, a decrease of 1.0 percentage point compared with March. M1 amounted to SEK 2 957 billion in April.
The growth rate for the broad monetary aggregate, M3, amounted to 5.1 percent in April, a decrease of 0.6 percentage points compared with 5.7 percent in March. M3 amounted to SEK 3 528 billion in total in April.
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 M1, M3 also includes deposits with certain conditions, repos, shares in money market funds, and short-term securities.
Definitions and explanations
Statistics Sweden compiles financial market statistics on a monthly basis 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
2019-07-01 at 09:30.
Statistical Database
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