Financial market statistics, October 2019
Growth rate of households’ loans decreased in October
Statistical news from Statistics Sweden 2019-11-27 9.30
In October 2019, the annual growth rate of loans to households from monetary financial institutions was 4.8 percent, which means that the growth rate decreased by 0.2 percentage points compared with October (revised).
Loans to households from monetary financial institutions (MFIs) totalled SEK 4 168 billion in October. This is an increase of SEK 11 billion compared with the previous month and SEK 190 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 3 413 billion in October. This is an increase of SEK 10 billion compared with the previous month and SEK 155 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 4.8 percent in October.
The growth rate of loans to households for consumption was 7.2 percent in October, which is an increase of 0.4 percentage points compared with September (revised). The growth rate of loans to households for consumption, which also affects the growth rate of households’ total loans, is revised back to December 2018 due to new and updated information from MFIs. The growth rate of loans with other collateral was 4.0 percent in October, a decrease of 0.4 percentage points compared with September. Household consumption credits and loans with other collateral totalled SEK 242 billion and SEK 513 billion, respectively, in October.
Growth rate of loans to corporations increased
In October, the annual growth rate of loans to non-financial corporations was 4.4 percent, an increase of 0.1 percentage point compared with September. Lending by MFIs to non-financial corporations totalled SEK 2 408 billion in October.
Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 795 billion in October. Unsecured credit to enterprises amounted to SEK 425 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 488 billion.
Housing loan rate declined
Households’ average housing loan rate on new agreements was 1.44 percent in October, a decrease of 0.07 percentage points compared with September. The floating housing loan rate was 1.50 percent in October, which is an decrease of 0.03 percentage points compared with September.
The average interest rate on new deposits by households in bank accounts was 0.10 percent in October, unchanged compared with September. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.20 percent in October, an increase of 0.01 percentage point compared with September.
The average interest rate on loans for new agreements to non-financial corporations was 1.46 percent in October, which is an increase of 0.18 percentage points compared with September. The floating rate increased by 0.16 percentage points from the previous month and amounted to 1.56 percent in October.
Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.01 percent in October, which is s decrease of 0.01 percentage point compared with September. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.02 percent in October, an increase of 0.02 percentage points compared with September.
| 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-okt
|
1.85% | 1.47% | 5.8% | 1.22% | 7.7% |
|
19-sep
|
1.80% | 1.51% | 5.0% | 1.28% | 4.3% |
|
19-okt
|
1.85% | 1.44% | 4.8% | 1.46% | 4.4% |
Increased M3 growth rate
The annual growth rate of the narrow monetary aggregate, M1, amounted to 9.6 percent in October, an increase of 1.6 percentage points compared with September (revised). M1 amounted to SEK 3 135 billion in October.
The growth rate of the broad monetary aggregate, M3, amounted to 9.9 percent in October, an increase of 1.7 percentage points compared with 8.2 percent in September (revised). M3 amounted to SEK 3 725 billion in total in October.
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
2020-01-02 at 09:30.
Statistical Database
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