Financial market statistics, May 2019
Growth rate for households’ loans unchanged in May
Statistical news from Statistics Sweden 2019-07-01 9.30
In May 2019, the annual growth rate of households’ loans from monetary financial institutions (MFIs) was 5.0 percent, which means that the growth rate remained unchanged compared with April.
Households’ loans from MFIs totalled SEK 4 084 billion in May. This is an increase of SEK 20 billion compared with the previous month and SEK 195 billion compared with the corresponding month last year.
Housing loans made up 82 percent of MFIs’ total lending to households and amounted to SEK 3 346 billion in May. This is an increase of SEK 16 billion compared with the previous month and SEK 158 billion compared with the corresponding month last year. Housing loans thus had an annual growth rate of 5.0 percent in May.
The growth rate for households’ loans for consumption was 7.2 percent in May, which is an increase of 0.5 percentage points compared with April (revised). The growth rate for loans with other collateral was 4.2 percent in May, an increase of 0.2 percentage point compared with April (revised). Household consumption credits and loans with other collateral totalled SEK 234 billion and SEK 504 billion respectively.
Growth rate of loans to corporations unchanged
In May, the annual growth rate on loans to non-financial corporations was 6.1 percent, which is unchanged compared with April. Lending by MFIs to non-financial corporations totalled SEK 2 404 billion in May.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 780 billion in May. Unsecured credit to enterprises amounted to SEK 395 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 486 billion.
Housing loan rate declined
Households’ average housing loan rate for new agreements was 1.52 percent in May, a decrease of 0.01 percentage point compared with April. The floating housing loan rate amounted to 1.54 percent in May, which is unchanged compared with April.
The average interest rate for new deposits by households in bank accounts was 0.08 percent in May, an increase of 0.01 percentage point compared with April. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.16 percent in May, unchanged compared with April.
The average interest rate for loans for new agreements to non-financial corporations amounted to 1.32 percent in May, which is unchanged compared with April. The floating rate decreased by 0.02 percentage points from the previous month and amounted to 1.31 percent in May.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in May, which is unchanged compared with April. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.03 percent in May, an increase of 0.07 percentage points compared with April.
| 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 | |
|---|---|---|---|---|---|
|
May -18
|
1.90% | 1.49% | 6.6% | 1.30% | 6.9% |
|
April -19
|
1.89% | 1.53% | 5.0% | 1.32% | 6.1% |
|
May -19
|
1.91% | 1.52% | 5.0% | 1.32% | 6.1% |
M3 growth rate increased
The annual growth rate of the narrow monetary aggregate, M1, amounted to 7.2 percent in May, an increase of 1.3 percentage points compared with April (revised). M1 amounted to SEK 2 980 billion in May.
The growth rate for the broad monetary aggregate, M3, amounted to 7.5 percent in May, an increase of 2.7 percentage points compared with 4.8 percent in April (revised). M3 amounted to SEK 3 570 billion in total in May.
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
2019-07-25 at 09:30.
Statistical Database
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