Financial market statistics, February 2019
Lower growth rate in February on households’ loans
Statistical news from Statistics Sweden 2019-03-27 9.30
In February 2019, the annual growth rate of households’ loans from monetary financial institutions (MFIs) was 5.3 percent, which means that the growth rate decreased by 0.1 percentage point compared with January.
Households’ loans from MFIs totalled SEK 4 035 billion in February. This is an increase of SEK 10 billion compared with the previous month and SEK 199 billion compared with the corresponding month last year.
Housing loans make up 82 percent of MFIs’ total lending to households and amounted to SEK 3 308 billion in February. This is an increase of SEK 10 billion compared with the previous month and SEK 163 billion compared with the corresponding month last year. Housing loans had an annual growth rate of 5.2 percent in February, a decrease of 0.3 percentage points compared with January.
The growth rate of households’ loans for consumption was 8.3 percent in February, which is 0.5 percentage points higher than in January, when it was 7.8 percent. The growth rate of loans with other collateral was 4.4 percent in February, an increase of 0.6 percentage points compared with January. Households’ consumption credits and loans with other collateral totalled SEK 227 billion and SEK 499 billion, respectively, in February.
Growth rate of loans to corporations increased
In February, the annual growth rate for loans to non-financial corporations was 6.2 percent, an increase of 0.5 percentage points compared with January, when it was 5.7 percent. Lending by MFIs to non-financial corporations totalled SEK 2 347 billion in February.
Multi-dwelling buildings is the most common form of collateral for lending to non-financial corporations and amounted to SEK 767 billion in February. Unsecured credit to enterprises amounted to SEK 367 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 484 billion.
Housing loan rates remained unchanged
The average housing loan rate for households on new agreements was 1.58 percent in February, unchanged from January. The floating interest rate amounted to 1.58 percent in February, also unchanged from January.
The average interest rate for new deposits by households in bank accounts was 0.11 percent in February, unchanged from January. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.14 percent in February, also unchanged from January.
The average interest rate on loans for new agreements to non-financial corporations decreased from 1.41 percent in January to 1.31 percent in February. The floating rate fell by 0.13 percentage points from the previous month and amounted to 1.30 percent in February.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.08 percent in February, unchanged from January. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.10 percent in February, a decrease of 0.03 percentage points compared with January.
| 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 | |
|---|---|---|---|---|---|
|
February-18
|
1.87% | 1.55% | 7.0% | 1.30% | 5.9% |
|
January-19
|
1.89% | 1.58% | 5.4% | 1.41% | 5.7% |
|
February-19
|
1.93% | 1.58% | 5.3% | 1.31% | 6.2% |
M3 growth rate increased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 7.4 percent in February, an increase of 0.9 percentage points compared with January. M1 amounted to SEK 2 922 billion in February.
The growth rate for the broad monetary aggregate, M3, amounted to 6.8 percent in February, an increase of 0.2 percentage points compared with 6.6 percent in January. M3 amounted to SEK 3 491 billion in total in February.
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 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
2019-04-29 at 09:30.
Statistical Database
More information is available in the Statistical Database
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