Financial market statistics, March 2020
Growth rate of loans to corporations increased in March
Statistical news from Statistics Sweden 2020-04-29 9.30
In March 2020, the annual growth rate of loans to non-financial corporations was 5.3 percent, up by 1.5 percentage points compared with February (revised).
Lending by MFIs to non-financial corporations amounted to SEK 2 482 billion in March. This is an increase of 44 billion compared with the previous month and an increase of SEK 125 billion compared with the corresponding month a year ago.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 817 billion in March. Unsecured credit to enterprises amounted to SEK 449 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 498 billion.
Growth rate of households’ loans increased in March
In March 2020, the annual growth rate of loans to households from monetary financial institutions was 5.2 percent, up by 0.1 percentage point from February (revised).
Loans to households from monetary financial institutions (MFIs) amounted to SEK 4 255 billion in March. This is an increase of SEK 19 billion compared with the previous month, and an increase of SEK 212 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 3 487 billion in March. This is an increase of SEK 18 billion compared with the previous month and an increase of SEK 174 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 5.2 percent in March 2020.
The growth rate of loans to households for consumption was 7.8 percent in March, a decrease of 0.8 percentage points from February (revised). The growth rate of loans with other collateral was 3.6 percent in March, a decrease of 0.4 percentage points from February. Household consumption credits and loans with other collateral totalled SEK 252 billion and SEK 516 billion, respectively, in March 2020.
Housing loan rate decreased
Households’ average housing loan rate on new agreements was 1.53 percent in March, a decrease of 0.02 percentage points compared with February. The floating housing loan rate was 1.61 percent in March, which is a decrease of 0.01 percentage point compared with February (revised).
The average interest rate on new deposits by households in bank accounts was 0.10 percent in March, unchanged compared with February. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.22 percent in March, a decrease of 0.01 percentage point compared with February.
The average interest rate on loans for new agreements to non-financial corporations was 1.52 percent in March, which is an increase of 0.09 percentage points compared with February. The floating rate increased by 0.12 percentage points compared with the previous month and amounted to 1.63 percent in March.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.03 percent in March, up by 0.01 percentage point compared with February. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.13 percent in March, up by 0.05 percentage points compared with February.
| 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-mar
|
1.87% | 1.56% | 5.1% | 1.27% | 6.0% |
|
20-feb
|
1.99% | 1.55% | 5.1% | 1.43% | 3.8% |
|
20-mar
|
1.89% | 1.53% | 5.2% | 1.52% | 5.3% |
M3 growth rate increased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 12.9 percent in March, an increase of 5.6 percentage points compared with February (revised). M1 amounted to SEK 3 360 billion in March.
The growth rate of the broad monetary aggregate, M3, amounted to 12.5 percent in March, an increase of 5.0 percentage points compared with February (revised). M3 amounted to SEK 3 953 billion in total in March.
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
2020-05-29 at 09:30.
Statistical Database
More information is available in the Statistical Database
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