Financial market statistics, June 2019
Growth rate for households’ loans decreased in June
Statistical news from Statistics Sweden 2019-07-25 9.30
In June 2019, the annual growth rate of households’ loans from monetary financial institutions (MFIs) was 4.9 percent, which means that the growth rate decreased by 0.1 percentage point compared with May.
Households’ loans from MFIs totalled SEK 4 109 billion in June. This is an increase of SEK 24 billion compared with the previous month and SEK 193 billion compared with the corresponding month last year.
Housing loans made up 82 percent of MFIs’ total lending to households and amounted to SEK 3 363 billion in June. This is an increase of SEK 17 billion compared with the previous month and SEK 157 billion compared with the corresponding month last year. Housing loans thus had an annual growth rate of 4.9 percent in June.
The growth rate for households’ loans for consumption was 6.0 percent in June, which is a decrease of 1.2 percentage points compared with May. The growth rate for loans with other collateral was 4.1 percent in June, a decrease of 0.1 percentage point compared with May. Household consumption credits and loans with other collateral totalled SEK 238 billion and SEK 507 billion respectively.
Growth rate of loans to corporations decreased
In June, the annual growth rate on loans to non-financial corporations was 5.2 percent, which is a decrease of 0.9 percentage points compared with May. Lending by MFIs to non-financial corporations totalled SEK 2 403 billion in June.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 785 billion in June. Unsecured credit to enterprises amounted to SEK 401 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 488 billion.
Housing loan rate unchanged
Households’ average housing loan rate for new agreements was 1.52 percent in June, unchanged compared with May. The floating housing loan rate amounted to 1.54 percent in June, which is unchanged compared with May.
The average interest rate for new deposits by households in bank accounts was 0.07 percent in June, a decrease of 0.01 percentage points compared with May. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.17 percent in June, an increase of 0.01 percentage point compared with May.
The average interest rate for loans for new agreements to non-financial corporations amounted to 1.36 percent in June, which is an increase of 0.04 percentage points compared with May. The floating rate increased by 0.07 percentage points from the previous month and amounted to 1.38 percent in June.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in June, which is unchanged compared with May. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.09 percent in June, a decrease of 0.06 percentage points compared with May.
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 | |
---|---|---|---|---|---|
June-18
|
1.81% | 1.49% | 6.3% | 1.19% | 7.5% |
May-19
|
1.91% | 1.52% | 5.0% | 1.32% | 6.1% |
June-19
|
1.86% | 1.52% | 4.9% | 1.36% | 5.2% |
M3 growth rate decreased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 6.8 percent in June, a decrease of 0.5 percentage point compared with May. M1 amounted to SEK 3 053 billion in June.
The growth rate for the broad monetary aggregate, M3, amounted to 6.4 percent in June, a decrease of 1.1 percentage points compared with 7.5 percent in May. M3 amounted to SEK 3 621 billion in total in June.
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
2019-08-27 at 09:30.
Statistical Database
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