Financial market statistics, November 2019
Growth rate of households’ loans unchanged in November
Statistical news from Statistics Sweden 2020-01-02 9.30
In November 2019, the annual growth rate of loans to households from monetary financial institutions was 5.0 percent, which means that the growth rate is unchanged compared with October (revised).
Loans to households from monetary financial institutions (MFIs) totalled SEK 4 190 billion in November. This is an increase of SEK 22 billion compared with the previous month, and an increase of SEK 199 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 3 429 billion in November. This is an increase of SEK 16 billion compared with the previous month and an increase of SEK 159 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 4.9 percent in November.
The growth rate of loans to households for consumption was 8.2 percent in November, which is an increase of 1.0 percentage point compared with October. The growth rate of loans with other collateral was 4.3 percent in November, an increase of 0.1 percentage point compared with October (revised). Household consumption credits and loans with other collateral totalled SEK 245 billion and SEK 515 billion, respectively, in November.
Growth rate of loans to corporations unchanged
In November, the annual growth rate of loans to non-financial corporations was 4.4 percent, unchanged compared with October. Lending by MFIs to non-financial corporations totalled SEK 2 411 billion in November.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 800 billion in November. Unsecured credit to enterprises amounted to SEK 433 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 489 billion.
Housing loan rate increased
Households’ average housing loan rate on new agreements was 1.47 percent in November, an increase of 0.04 percentage points compared with October (revised). The floating housing loan rate was 1.52 percent in November, which is an increase of 0.02 percentage points compared with October.
The average interest rate on new deposits by households in bank accounts was 0.10 percent in November, unchanged compared with October. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.20 percent in November, which is also unchanged compared with October.
The average interest rate on loans for new agreements to non-financial corporations was 1.40 percent in November, which is a decrease of 0.06 percentage points compared with October. The floating rate decreased by 0.13 percentage points from the previous month and amounted to 1.43 percent in November.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in November, unchanged compared with October. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.04 percent in November, an increase of 0.02 percentage points compared with October.
| 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 | |
|---|---|---|---|---|---|
|
18-nov
|
1.79% | 1.46% | 5.7% | 1.14% | 6.6% |
|
19-okt
|
1.85% | 1.43% | 5.0% | 1.46% | 4.4% |
|
19-nov
|
1.87% | 1.47% | 5.0% | 1.40% | 4.4% |
Decreased M3 growth rate
The annual growth rate of the narrow monetary aggregate, M1, amounted to 8.0 percent in November, a decrease of 1.6 percentage points compared with October. M1 amounted to SEK 3 142 billion in November.
The growth rate of the broad monetary aggregate, M3, amounted to 9.1 percent in November, a decrease of 0.8 percentage points compared with 9.9 percent in October. M3 amounted to SEK 3 739 billion in total in November.
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
2020-01-29 at 09:30.
Statistical Database
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