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Financial market statistics, September 2019

Growth rate of households’ loans decreased in September

Statistical news from Statistics Sweden 2019-10-25 9.30

In September 2019, the annual growth rate of loans to households from monetary financial institutions (MFIs) was 4.8 percent, which means that the growth rate decreased by 0.1 percentage point compared with August.

Loans to households from MFIs totalled SEK 4 157 billion in September. This is an increase of SEK 19 billion compared with the previous month and SEK 195 billion compared with the corresponding month last year.

Housing loans accounted for 82 percent of MFIs’ total lending to households and amounted to SEK 3 403 billion in September. This is an increase of SEK 14 billion compared with the previous month and SEK 159 billion compared with the corresponding month last year. This means that the annual growth rate of housing loans was 4.9 percent in September.

The growth rate of loans to households for consumption was 4.1 percent in September, which is a decrease of 2.2 percentage points compared with August. The growth rate of loans with other collateral was 4.4 percent in September, an increase of 0.3 percentage points compared with August (revised). Household consumption credits and loans with other collateral totalled SEK 240 billion and SEK 514 billion respectively in September.

Growth rate, lending to households and non-financial corporations
Financial market statistics, September 2019

Growth rate of loans to corporations decreased

In September, the annual growth rate of loans to non-financial corporations was 4.3 percent, a decrease of 0.8 percentage points compared with August. Lending by MFIs to non-financial corporations totalled SEK 2 398 billion in September.

Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 792 billion in September. Unsecured credit to enterprises amounted to SEK 414 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 487 billion.

Housing loan rate lowered

Households’ average housing loan rate on new agreements was 1.51 percent in September, a decrease of 0.01 percentage point compared with August. The floating housing loan rate was 1.53 percent in September, which is unchanged compared with August.

The average interest rate on new deposits by households in bank accounts was 0.10 percent in September, unchanged compared with August. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.19 percent in September, an increase of 0.01 percentage point compared with August (revised).

The average interest rate on loans for new agreements to non-financial corporations was 1.28 percent in September, which is a decrease of 0.13 percentage points compared with August (revised). The floating rate decreased by 0.08 percentage points from the previous month (revised) and amounted to 1.40 percent in September.

Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in September, which is an increase of 0.01 percentage point compared with August (revised). The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.00 percent in September, an increase of 0.03 percentage points compared with August.

Interest rate and growth, lending to households and non-financial corporations
 Interest rate, new agreements to householdsHouseholds' interest rates for housing loans for new agreementsGrowth rate, lending to householdsInterest rate, new agreements to non-financial corporationsGrowth rate, lending to non-financial corporations
18-sep
1.81% 1.49% 5.9% 1.25% 7.1%
19-aug
1.96% 1.52% 4.9% 1.41% 5.1%
19-sep
1.80% 1.51% 4.8% 1.28% 4.3%

Increased growth rate for M3

The annual growth rate of the narrow monetary aggregate, M1, amounted to 8.1 percent in September, an increase of 0.1 percentage point compared with August. M1 amounted to SEK 3 100 billion in September.

The growth rate of the broad monetary aggregate, M3, amounted to 8.5 percent in September, an increase of 0.6 percentage points compared with 7.9 percent in August. M3 amounted to SEK 3 692 billion in total in September.

Money supply, annual growth rate
Financial market statistics, September 2019

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

2019-11-27 at 09:30.

Statistical Database

More information is available in the Statistical Database

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Statistical agency and producer

Statistics Sweden, Financial Market Statistics Unit

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