Financial market statistics, January 2020
Growth rate of households’ loans increased in January
Statistical news from Statistics Sweden 2020-02-27 9.30
In January 2020, the annual growth rate of loans to households from monetary financial institutions was 5.1 percent, up by 0.1 percentage point from December.
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 4 224 billion in January. This is an increase of SEK 17 billion compared with the previous month, and an increase of SEK 205 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 3 458 billion in January. This is an increase of SEK 13 billion compared with the previous month and also an increase of SEK 165 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 5.1 percent in January 2020.
The growth rate of loans to households for consumption was 8.4 percent in January, up by 0.1 percentage point from December. The growth rate of loans with other collateral was 3.9 percent in January, unchanged from December. Household consumption credits and loans with other collateral totalled SEK 251 billion and SEK 514 billion, respectively, in January 2020.
Growth rate of loans to corporations increased
In January 2020, the annual growth rate of loans to non-financial corporations was 4.6 percent, which is an increase of 0.7 percentage points compared with December. Lending by MFIs to non-financial corporations totalled SEK 2 422 billion in January.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 810 billion in January. Unsecured credit to enterprises amounted to SEK 429 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 493 billion.
Housing loan rate increased
Households’ average housing loan rate on new agreements was 1.52 percent in January, an increase of 0.03 percentage points compared with December. The floating housing loan rate was 1.58 percent in January, which is an increase of 0.05 percentage points compared with December.
The average interest rate on new deposits by households in bank accounts was 0.10 percent in January, unchanged compared with December. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.23 percent in January, which is an increase of 0.03 percentage points compared with December.
The average interest rate on loans for new agreements to non-financial corporations was 1.62 percent in January, which is an increase of 0.12 percentage points compared with December. The floating rate increased by 0.17 percentage points from the previous month and amounted to 1.71 percent in January.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in January, unchanged compared with December. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.08 percent in January, an increase of 0.13 percentage points compared with December.
| 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 | |
|---|---|---|---|---|---|
|
19-jan
|
1.89% | 1.58% | 5.4% | 1.41% | 5.8% |
|
19-dec
|
1.82% | 1.49% | 5.0% | 1.50% | 3.9% |
|
20-jan
|
1.94% | 1.52% | 5.1% | 1.62% | 4.6% |
M3 growth rate decreased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 8.1 percent in January, an increase of 0.5 percentage points compared with December. M1 amounted to SEK 3 169 billion in January.
The growth rate of the broad monetary aggregate, M3, amounted to 7.8 percent in January, a decrease of 0.4 percentage points compared with 8.2 percent in December. M3 amounted to SEK 3 758 billion in total in January.
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
2020-03-26 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.