Financial market statistics, December 2019
Growth rate of households’ loans unchanged in December
Statistical news from Statistics Sweden 2020-01-29 9.30
In December 2019, the annual growth rate of loans to households from monetary financial institutions was 5.0 percent, which means that the growth rate is unchanged compared with November.
Loans to households from monetary financial institutions (MFIs) totalled SEK 4 207 billion in December. This is an increase of SEK 17 billion compared with the previous month, and an increase of SEK 201 billion compared with the corresponding month a year ago.
Housing loans accounted for 82 percent of MFIs’ total lending to households and amounted to SEK 3 445 billion in December. This is an increase of SEK 16 billion compared with the previous month and also an increase of SEK 161 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 4.9 percent in December.
The growth rate of loans to households for consumption was 8.3 percent in December, which is an increase of 0.1 percentage point compared with November. The growth rate of loans with other collateral was 3.9 percent in December, a decrease of 0.4 percentage points compared with November. Household consumption credits and loans with other collateral totalled SEK 248 billion and SEK 513 billion, respectively, in December.
Growth rate of loans to corporations decreased
In December, the annual growth rate of loans to non-financial corporations was 3.9 percent, which is a decrease of 0.5 percentage points compared with November. Lending by MFIs to non-financial corporations totalled SEK 2 398 billion in December.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 806 billion in December. Unsecured credit to enterprises amounted to SEK 430 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 491 billion.
Housing loan rate increased
Households’ average housing loan rate on new agreements was 1.49 percent in December, an increase of 0.02 percentage points compared with November. The floating housing loan rate was 1.53 percent in December, which is an increase of 0.01 percentage point compared with November.
The average interest rate on new deposits by households in bank accounts was 0.10 percent in December, unchanged compared with November. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.20 percent in December, which is also unchanged compared with November.
The average interest rate on loans for new agreements to non-financial corporations was 1.50 percent in December, which is a decrease of 0.10 percentage point compared with November. The floating rate increased by 0.11 percentage points from the previous month and amounted to 1.54 percent in December.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 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 -0.05 percent in December, a decrease of 0.09 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 | |
|---|---|---|---|---|---|
|
18-dec
|
1.75% | 1.49% | 5.5% | 1.31% | 6.3% |
|
19-nov
|
1.87% | 1.47% | 5.0% | 1.40% | 4.4% |
|
19-dec
|
1.82% | 1.49% | 5.0% | 1.50% | 3.9% |
Decreased M3 growth rate
The annual growth rate of the narrow monetary aggregate, M1, amounted to 7.6 percent in December, a decrease of 0.4 percentage points compared with November. M1 amounted to SEK 3 122 billion in December.
The growth rate of the broad monetary aggregate, M3, amounted to 8.2 percent in December, a decrease of 0.9 percentage points compared with 9.1 percent in November. M3 amounted to SEK 3 702 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 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
2020-02-27 at 09:30.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.