Financial market statistics, August 2020
Growth rate of lending to non-financial corporations declined in August
Statistical news from Statistics Sweden 2020-09-25 9.30
In August 2020, lending to non-financial corporations from monetary financial institutions had an annual growth rate of 4.9 percent. After an increase in March and April, the growth rate has since declined. The corresponding growth rate for lending to households was 5.2 percent.
About the publication
Statistics Sweden’s monthly publication of financial markets statistics covers mainly monetary financial institutions (MFIs), but also includes new institutes on mortgage markets, known as mortgage credit companies. Unless otherwise stated, the statistical news refers to MFIs.
The publication includes balance sheet statistics (including lending and deposits), interest rates, and monetary aggregates. International banking statistics is also published on a quarterly basis.
Developments in August 2020 in brief
Lending
- The annual growth rate of lending to households was 5.2 percent. The growth rate of lending to households has been broadly unchanged over the past year. Mortgages, which accounted for 82 percent of total lending to households, had an annual growth rate of 5.3 percent. The growth rate of households’ consumption loans was 6.2 percent.
- The annual growth rate of lending to non-financial corporations was 4.9 percent. After an increase in March and April, the growth rate has since declined.
- In total, lending from MFIs to households and non-financial corporations amounted to SEK 6 881 billion, of which loans to households accounted for 63 percent (SEK 4 350 billion), and loans to non-financial corporations accounted for 37 percent (SEK 2 531 billion).
- Households’ average interest rate on new bank deposits was 0.10 percent. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.23 percent.
- Non-financial corporations’ average interest rate for new bank deposits was 0.02 percent. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.02 percent.
Definitions and explanations
Monetary financial institutions (MFIs) comprise banks, housing credit institutions, finance companies, institutions financing municipalities and companies, monetary securities companies and monetary investment funds (money market funds).
Mortgage credit companies refers to non-MFI institutions that have authorisation from Finansinspektionen to issue mortgages. Usually, mortgage credit companies sell the mortgages to alternative investment funds (AIFs). The AIFs included in the financial markets statistics are linked to mortgage credit companies, and whose assets mainly comprise mortgages.
Growth rates are calculated to illustrate the development of transactions as from the corresponding period the previous year. The rates are calculated based on changes in stocks; adjustments are made so that the growth rate is not affected by stock changes unrelated to transactions, for example if an institute is added or removed from the population.
Next publishing will be
The next statistical news in this series is scheduled for publication on 2020-10-27.
Statistical Database
More information is available in the Statistical Database
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