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Financial market statistics, February 2020

Growth rate of households’ loans increased in February

Statistical news from Statistics Sweden 2020-03-26 9.30

In February 2020, the annual growth rate of loans to households from monetary financial institutions was 5.2 percent, up by 0.1 percentage point from January.

As from January 2020, the Financial Markets Statistics publication also includes lending to households from mortgage credit companies and alternative investment funds (AIFs). Further information can be found at the end of this statistical news.

Loans to households from monetary financial institutions (MFIs) totalled SEK 4 237 billion in February. This is an increase of SEK 13 billion compared with the previous month, and an increase of SEK 208 billion compared with the corresponding month one year ago.

Housing loans accounted for 82 percent of MFIs’ total lending to households and amounted to SEK 3 469 billion in February. This is an increase of SEK 11 billion compared with the previous month and an increase of SEK 167 billion compared with the corresponding month one year ago. The annual growth rate of housing loans was 5.1 percent in February 2020.

The growth rate of loans to households for consumption was 8.8 percent in February, up by 0.4 percentage points from January. The growth rate of loans with other collateral was 4.0 percent in February, up by 0.1 percentage point from January. Household consumption credits and loans with other collateral totalled SEK 252 billion and SEK 515 billion, respectively, in February 2020.

Growth rate, lending to households and non-financial corporations
Namnlös

Growth rate of loans to corporations decreased

In February 2020, the annual growth rate of loans to non-financial corporations was 3.9 percent, which is a decrease of 0.7 percentage points compared with January. Lending by MFIs to non-financial corporations totalled SEK 2 438 billion in February.

Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 812 billion in February. Unsecured credit to enterprises amounted to SEK 433 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 498 billion.

Housing loan rate increased

Households’ average housing loan rate on new agreements was 1.55 percent in February, up by 0.03 percentage points compared with January. The floating housing loan rate was 1.63 percent in February, which is an increase of 0.05 percentage points compared with January.

The average interest rate on new deposits by households in bank accounts was 0.1 percent in February, unchanged compared with January. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.23 percent in February, also unchanged compared with January.

The average interest rate on loans for new agreements to non-financial corporations was 1.43 percent in February, which is an increase of 0.2 percentage points compared with January (revised). The floating rate decreased by 0.2 percentage points compared to the previous month and amounted to 1.51 percent in February.

Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in February, unchanged compared with January. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.08 percent in February, also unchanged compared with January.

Interest rate and growth, lending to households and non-financial corporations
 Interest rate, new agreements to householdsHouseholds' interest rates for housing loans for new agreementsGrowth rate, lending to householdsInterest rate, new agreements to non-financial corporationsGrowth rate, lending to non-financial corporations
19-feb
1.93% 1.58% 5.3% 1.29% 6.2%
20-jan
1.94% 1.52% 5.1% 1.63% 4.6%
20-feb
1.99% 1.55% 5.2% 1.43% 3.9%

M3 growth rate decreased

The annual growth rate of the narrow monetary aggregate, M1, amounted to 7.4 percent in February, a decrease of 0.7 percentage points compared with January. M1 amounted to SEK 3 145 billion in February.

The growth rate of the broad monetary aggregate, M3, amounted to 7.6 percent in February, a decrease of 0.2 percentage points compared with January. M3 amounted to SEK 3 746 billion in total in February.

Money supply, annual growth rate
Namnlös

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.

Expanded publication from January 2020

As from the January 2020 publication, Financial Markets Statistics also includes information on lending from mortgage credit companies and alternative investment funds (AIFs). Corresponding lending rates are also included. Note that these additions have led to changes to certain existing tables and/or the order of the tables. One example can be found under tab 4.1 Growth rates, where the growth rate for MFI lending to households has been shifted to the right. Changes have been made under tabs 4.1-4.2, 7.1-7.2 and 8.1-8.2. See notes for more information. Corresponding changes have not been made in the tables in the Statistical Database.

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

2020-04-29 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.

Statistical agency and producer

Statistics Sweden, Financial Market Statistics Unit

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