Financial market statistics, December 2018
Lower growth rate in December on households’ loans
Statistical news from Statistics Sweden 2019-01-28 9.30
In December 2018, the annual growth rate of households’ loans from monetary financial institutions (MFIs) was 5.5 percent, which means that the growth rate decreased by 0.2 percentage points compared with November.
Households’ loans from MFIs totalled SEK 4 012 billion in December. This is an increase of SEK 16 billion compared with the previous month and SEK 203 billion compared with the corresponding month last year.
Housing loans accounted for 82 percent of MFIs’ total lending to households and amounted to SEK 3 289 billion in December. This is an increase of SEK 13 billion compared with the previous month and SEK 172 billion compared with the corresponding month last year. Thus, housing loans had an annual growth rate of 5.6 percent in December, a decrease of 0.2 percentage points compared with November.
The growth rate of households’ loans for consumption was 8.0 percent in December, which is 0.4 percentage points lower than in November, when it was 8.4 percent. The growth rate for loans with other collateral was 4.0 percent in December, unchanged compared with November. In December, household consumption credits and loans with other collateral totalled SEK 225 billion and SEK 498 billion respectively.
Growth rate of loans to corporations decreased
In December, the annual growth rate for loans to non-financial enterprises was 6.2 percent, a decrease of 0.3 percentage points compared with 6.5 percent in November. Lending by MFIs to non-financial corporations totalled SEK 2 309 billion in December.
Multi-dwelling buildings is the most common form of collateral for lending to non-financial corporations and amounted to SEK 759 billion in December. Unsecured credit to enterprises amounted to SEK 405 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 482 billion.
Higher housing loan rate
Households’ average housing loan rate on new agreements was 1.49 percent in December, an increase of 0.03 percentage points compared with November. The floating housing loan rate increased by 0.04 percentage points from the previous month and amounted to 1.45 percent in December.
The average interest rate for new deposits by households in bank accounts was 0.07 percent in December, unchanged from November. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.14 percent in December, an increase of 0.01 percentage point.
The average interest rate for loans for new agreements to non-financial corporations rose from 1.14 percent in November to 1.31 percent in December. The floating rate increased by 0.24 percentage points from the previous month and amounted to 1.31 percent in December.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in December, an increase of 0.01 percentage point compared with November. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.25 percent in December, a decrease of 0.08 percentage points compared with November.
| 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 | |
|---|---|---|---|---|---|
|
December-17
|
1.83% | 1.57% | 7.0% | 1.31% | 5.6% |
|
November-18
|
1.79% | 1.46% | 5.7% | 1.14% | 6.5% |
|
December-18
|
1.75% | 1.49% | 5.5% | 1.31% | 6.2% |
M3 growth rate increased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 7.6 percent in December, a decrease of 0.1 percentage point compared with November. The M1 amounted to SEK 2 895 billion in December.
The growth rate for the broad monetary aggregate, M3, amounted to 5.7 percent in December, an increase of 0.9 percentage points compared with November. M3 amounted to SEK 3 423 billion in total in December.
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
2019-02-27 at 09:30.
Statistical Database
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