Banks and mortgage companies

Updated: 3 July 2023

Next update: 4 August 2023

Deposits from households
Deposits from households
May 2023
1 614 853
NOK million
Banks and mortgage companies, selected figures. NOK million
Banks and mortgage companies, selected figures. NOK million
April 2023May 2023
Banks
Loans to households1 671 4251 683 525
Loans to the manufacturing industry100 415104 866
Deposits from households1 620 6621 614 853
Housing savings for young people49 03748 435
Mortgage companies
Loans to households2 015 1082 017 514
Loans to the manufacturing industry1 6731 713
Explanation of symbols

Selected tables and figures from this statistics

  • Loans from banks by industry. NOK million
    Loans from banks by industry. NOK million
    February 2023March 2023April 2023May 2023
    All industries1 825 9721 830 9561 859 9511 877 622
    Agriculture60 60361 23961 79862 350
    Forestry3 7123 7563 7993 751
    Fishing and hunting48 95749 55550 00549 544
    Fish farming services56 68554 24354 99454 645
    Mining and quarrying8 0638 0797 4807 631
    Services linked to extraction of crude petroleum and natural gas1 9921 7791 1551 217
    Extraction of crude petroleum and natural gas3 8983 9334 4154 052
    Industry95 73895 532100 415104 866
    Ship and boat building2 9182 8612 6662 923
    Electricity and water supply57 26354 49656 78057 128
    Water supply, drainage and waste disposal7 9427 8908 6619 372
    Real estate development163 932165 388166 957168 643
    Building and construction work beyond real estate development51 82050 66652 97152 612
    Commodity trade etc104 626103 575108 971107 828
    Sea transport abroad and transport via pipelines59 51161 00261 12861 937
    Transportation and storage57 98956 64257 44559 014
    Hotels and restaurants21 81522 04221 50921 531
    Information and communication22 42320 25120 36920 586
    Real estate, renting and business activities791 835800 260804 577813 453
    Professional and financial services113 782117 023122 302122 524
    Businesslike services43 55643 60644 10744 335
    Other service activities46 91447 13947 44647 680
    Explanation of symbols
  • Loans by type, from banks to households. NOK million
    Loans by type, from banks to households. NOK million1
    February 2023March 2023April 2023May 2023
    Credit lines, secured on dwellings183 571182 670184 701187 825
    Credit lines, secured on commercial property13 88613 99314 13514 303
    Credit lines, secured on other items14 60114 86614 98415 126
    Credit card loans23 57724 17924 12625 352
    Factoring9811 0086831 001
    Leasing9 8079 5299 3249 251
    Other credit lines, without collateral13 50713 50213 37813 508
    Repayment loans secured on dwellings1 202 7951 204 7381 217 3371 224 758
    Repayment loans, secured on commercial property65 44665 53664 95064 676
    Repayment loans, secured on other items94 62494 01094 46494 820
    Repayment loans, without collateral37 68237 85237 96337 407
    Repurchase agreement2 8722 8742 8962 908
    1Loans in this table are measured in gross value.
    Explanation of symbols
  • Deposits from households by type. NOK million
    Deposits from households by type. NOK million
    February 2023March 2023April 2023May 2023
    Total deposits1 608 7371 605 5411 620 6621 614 853
    Transaction deposits1 382 4021 370 7571 380 7521 368 822
    Deposits with short agreed maturity157 866166 065170 851177 064
    Deposits with long agreed maturity11 02712 10712 62813 221
    Tax deduction accounts432324491438
    Deposits related to pension schemes394397404403
    Housing savings for young people49 83549 38049 03748 435
    Deposits tied to other purposes6 7826 5116 5006 470
    Explanation of symbols
  • Loans from financial corporations by borrower sector. NOK million
    Loans from financial corporations by borrower sector. NOK million
    February 2023March 2023April 2023May 2023
    Banks
    Non-financial corporations1 662 0131 664 4851 692 0731 708 857
    Financial corporations620 073660 020647 403646 872
    General government7 9627 2415 2208 315
    Non-profit institutions serving households15 31215 09415 07115 318
    Households1 655 7601 657 1121 671 4251 683 525
    Rest of the world557 879570 971605 065609 348
    Finance companies1
    Non-financial corporations..88 765..
    Financial corporations..445..
    General government..2 253..
    Non-profit institutions serving households..319..
    Households..101 733..
    Rest of the world..15 788..
    Mortgage companies
    Non-financial corporations48 37848 59148 67048 803
    Financial corporations15 12939 49721 03531 508
    General government327 553330 452332 296333 615
    Non-profit institutions serving households1 0961 0941 0921 115
    Households2 009 8112 022 1052 015 1082 017 514
    Rest of the world8 8045 9114 5789 644
    State lending institutions
    Non-financial corporations36 67936 71236 68036 750
    Financial corporations29312828
    General government97 609103 843104 023104 714
    Non-profit institutions serving households12 30012 30412 29812 233
    Households287 964288 919289 813290 697
    Rest of the world3 6943 6943 6943 694
    1Quarterly reporting
    Explanation of symbols
  • Main figures from banks' profit and loss accounts. NOK million
    Main figures from banks' profit and loss accounts. NOK million
    1st quarter 20201st quarter 20211st quarter 20221st quarter 2023
    Total interest income and similar income41 38127 37532 27974 252
    Total interest expenses and similar expenses17 4556 4869 61943 326
    Net interest income23 92520 88922 65930 927
    Total income51 39140 85843 25386 274
    Total cost32 59522 08125 77161 385
    Pre-loss profit18 79518 77817 48224 890
    Total credit loss on loans, guarantees and securities13 1301 277150160
    Confirmed credit losses on loans7733 8552 8811 098
    Pre-tax profit5 66617 50117 33224 730
    Taxes on ordinary profit1 0653 6813 4725 503
    Profit and loss before other comprehensive income4 60013 82013 86019 226
    Other comprehensive income before taxes-7605601 963-1 021
    Taxes on other comprehensive income96-133-209-21
    Comprehensive income3 93614 24715 61418 184
    Explanation of symbols
  • Deposits by county. NOK million
    Deposits by county. NOK million
    2019202020212022
    Viken..563 590640 130660 989
    Østfold (-2019)97 399......
    Akershus (-2019)293 192......
    Buskerud (-2019)112 568......
    Oslo598 536716 991809 078805 785
    Innlandet..168 452175 901180 833
    Hedmark (-2019)84 892......
    Oppland (-2019)69 411......
    Vestfold og Telemark..160 973175 336185 355
    Vestfold (-2019)85 536......
    Telemark (-2019)59 406......
    Agder..124 536137 004141 958
    Aust-Agder (-2019)40 978......
    Vest-Agder (-2019)69 932......
    Rogaland235 258263 636282 593356 740
    Vestland..308 086331 530353 950
    Hordaland (-2019)231 681......
    Sogn og Fjordane (-2019)53 438......
    Møre og Romsdal113 120123 660131 694136 791
    Trøndelag - Trööndelage189 947208 960229 148240 688
    Nordland - Nordlánnda96 600103 820117 619124 093
    Troms og Finnmark - Romsa ja Finnmárku..97 905102 592108 186
    Troms - Romsa (-2019)62 822......
    Finnmark - Finnmárku (-2019)25 267......
    Other9769509731 087
    Explanation of symbols
  • Loans from banks by county. NOK million
    Loans from banks by county. NOK million
    2019202020212022
    Viken..569 474597 981636 635
    Østfold (-2019)103 723......
    Akershus (-2019)309 068......
    Buskerud (-2019)125 935......
    Oslo978 748962 7891 144 6551 298 144
    Innlandet..161 398163 374171 998
    Hedmark (-2019)93 306......
    Oppland (-2019)65 842......
    Vestfold og Telemark..176 447184 931195 395
    Vestfold (-2019)100 767......
    Telemark (-2019)73 385......
    Agder..145 058144 646148 766
    Aust-Agder (-2019)45 692......
    Vest-Agder (-2019)96 155......
    Rogaland291 153292 970293 252300 885
    Vestland..357 158379 850384 190
    Hordaland (-2019)301 131......
    Sogn og Fjordane (-2019)56 478......
    Møre og Romsdal166 778172 487181 116193 181
    Trøndelag - Trööndelage282 118305 808321 638350 591
    Nordland - Nordlánnda123 148129 616136 506143 123
    Troms og Finnmark - Romsa ja Finnmárku..114 613121 407125 693
    Troms - Romsa (-2019)85 566......
    Finnmark - Finnmárku (-2019)27 744......
    Other6111 046513447
    Explanation of symbols

About the statistics

The statistics on banks and mortgage companies compile balance sheets and profit and loss accounts for credit institutions, finance companies and state lending institutions. The balance sheet shows assets, liabilities and equity. The profit and loss account shows revenues and expenses.

Balance sheet, monthly and yearly

The balance sheet shows assets, liabilities and equity at the end of the accounting period. The most important balance sheet items are presented by sector.

Profit and loss account, quarterly

The profit and loss account shows accumulated revenues and expenses throughout the year.

There are four types of classifications: object/instrument, sector, industry and type.

Finance objects and real objects (instruments)

Liabilities, claims and other assets in banks and financial corporations' balance sheets are divided into main equable groups, for example loans, bank deposits, bonds, shares etc.

Debtor and creditor sector

Borrowers and lenders are classified by institutional sector classification based on the national accounts' regulations. See our pages for the reporting institutions (in Norwegian)

Debtor and creditor industry

Based on regulations in the industry standard, loans and deposits are grouped according to which industry the debtor or creditor belongs to. See our pages for the reporting institutions (in Norwegian)

Income and cost types
Income and cost types are based on national account regulations. Examples of income and cost types are interest income and interest costs.

Name: Banks and mortgage companies
Topic: Banking and financial markets

4 August 2023

Division for Financial Markets Statistics

The whole country

The monthly balance sheet statistics is published 5 weeks after the reporting period. The profit and loss account is published 8 weeks after the reporting period. Yearly aggregated loans and deposits by county are published 6 months after the reporting period.

Reporting to the BIS, Eurostat, the IMF and the OECD.

Not relevant

The reporting procedure is made in collaboration between the Financial Supervisory Authority of Norway, Norges Bank and Statistics Norway. The data from banks and financial corporations form the basis for the supervision of the institutions and the financial markets. The data is also an information base for the monetary and credit market policy and a vital contribution to the statistics for credit indicators and monetary growth. The reporting is the main base for the official statistics on financial enterprises. It is also an important input in the national accounts and the balance of payments and the credit market statistics. The data is used for international reporting to the BIS, Eurostat, the IMF and the OECD etc.

The main area of application is statistics (publishing and input in other statistics), analysis and supervision (by the Financial Supervisory Authority of Norway). The data is included in the national accounts, financial sector accounts and the balance of payments. Important users other than Statistics Norway are Norges Bank, the Financial Supervisory Authority of Norway, Ministry of Finance, the financial services industry, researchers at universities and in international organisations, and the media.

Not relevant

The statistics are based on the guidelines in the national accounts standards System of National Accounts from 2008 (SNA 2008), European System of Accounts from 2010 (ESA 2010) and the IMF Manual on Monetary and Financial Statistics.


Statistics from the financial institutions are used in the national accounts, financial sector accounts, the balance of payments and in the Norwegian statistics of foreign debt and receivables.

The main part of the data covered here is collected under the provisions of the Act on the Supervision of Credit Institutions, Insurance Companies and Securities Trading etc. (Financial Supervision Act) of 7 December 1956 no. 1 (with amendments per 1 July 2003). Reporting from Norges Bank and from state lending institutions is obtained under the provisions of the Act concerning official statistics and Statistics Norway of 21 June 2019 no. 32 (the Statistics Act).

Council directive 635/86 Accounting directive for banks and other credit institutions.

Council directive 2006/48/EF Supervisory directive relating to the taking up and pursuit of the business of credit institutions

Council regulation 295/2008. Council regulation 251/2009 Amendments to council regulation 295/2008.

Council regulation 2223/96 The regulation covers the European system for national and regional accounts.

Council regulation 1392/2007 Amendments to council regulation 2223/96.

Council regulation 1606/2002 Regulation on the application of international accounting standards

Council regulation 297/2008 Amendments to council regulation 1606/2002

The financial statistics is based on balance sheet and profit and loss account data from Norges Bank, all banks, state lending institutions, mortgage companies and financial companies in Norway, including foreign companies' branches in Norway.

The data is based on reconciliated accounting data from financial institutions.

The accounting statistics are based on the total count.

The Financial Supervisory Authority of Norway and Statistics Norway work together to collect the accounting data. All data is reported electronically via the official Norwegian portal Altinn. The reporting institutions receive automatic feedback on errors or possible errors in the reporting. These errors should be corrected within two days. After Statistics Norway complete to process the data, the reporting institutions may be asked to control, verify or correct other data not included in the automatic feedback. Corrections from the reporting institutions are received continuously.

Not relevant
Not relevant

Amendments to the Accounting Act and regulations
The accounting statistics for financial institutions is based on current accounting regulations for financial institutions. Breaches may therefore occur in connection with changes in accounting legislation and in the regulations applicable to the financial institutions.

Structural changes in the financial sector
There are several new companies, acquisitions, mergers, spin-offs, reclassifications and portfolio movements every year. Many of these structural changes have no significant impact on the statistics, while others lead to breaches in the time series. Major changes will be commented upon in the current statistics publication.

Regulation on loans
The IFRS-adapted regulation on loans was introduced 1. January 2005. Which led to a small change in the measuring of the value of loans and guaranties in the accounting data and thereby to a small breach in the time series for loans and loan loss provisions. There was also a breach in the time series on loans in 1992 due to changes in accounting rules.

Changes in the presentation of the statistics
Data specifications are updated continuously. An example of changes in data series is that Credit lines secured on dwellings became a new specification from January 2006 and was partly deducted from repayment loans secured on dwellings.

Norwegian covered bonds
Covered bonds are bonds conferring a preferential claim over a cover pool consisting of public sector loans and loans secured on dwellings or other real property. Only mortgage companies with special authorisation can issue covered bonds in Norway, and these bonds have been issued since June 2007.

On 24 October 2008, the Norwegian Parliament granted the Ministry of Finance the authority to put into effect an arrangement where Norwegian banks could “swap” covered bonds with treasury bills. This “swap agreement” was aimed at reducing the negative effects of the financial crisis. The banks can acquire covered bonds either in the market or directly from mortgage companies that are licensed to issue covered bonds. Since the announcement of this offer by the Norwegian government, several new mortgage companies have been established. As a result, lending portfolios have been swapped between banks and mortgage companies.

New specification on industries
In May 2009, a new Norwegian standard for industries were introduced in the financial statistics. This change increased the possibilities to track the development in loans for important individual industries. It also led to breaches in time series for loans by industry. This makes comparison of loans by industry difficult in the period before and after May 2009 on monthly basis, and before and after May 2010 on yearly basis for several industries.

New institutional grouping of sectors
From January 2012, a new Norwegian standard for institutional grouping of sectors were made in line with revised international standards, which Norway is obliged to follow. From March 2012 onwards, this led to breaches in the accounting statistics for banks and financial institutions.

Some companies that were classified as non-financial institutions are now classified as financial institutions. Loan to these institutions should no longer be allocated between different industries and are no longer included in the statistics for loans by industry. The industry for professional and financial services is particularly affected, since many of the institutions that were included earlier, have been moved from non-financial institutions to financial institutions.

New specifications of deposits
As of April 2015, new deposit specifications were introduced in the balance sheet reporting. Some deposit series from the periods prior to April 2015 are therefore not comparable with later periods. See this article for more information: https://www.ssb.no/bank-og-finansmarked/artikler-og-publikasjoner/pengemengdestatistikken

Customisation of reporting from banks and finance companies (ORBOF) to international accounting standards (IFRS 9)
From January 2018 onwards, there has been completed a large restructuration of the reporting that is the basis for this statistic. This was an extensive restructuration and implied change of definitions in the reported data, which affected both the balance sheet and the profit and loss account. It also led to changes in the scope of some objects in the reporting. Due to the new reporting standard, there are breaches in some time series that makes it challenging to compare data before and after January 2018. See this article for more information: https://www.ssb.no/bank-og-finansmarked/omlegging-av-bankstatistikken

Errors and discrepancies can occur in the accounting data. These discrepancies can have a several sources:

*Errors in the reporting party's accounts

*Errors in the transfer of data from the institution's primary accounts to data reports and to recipients

*Different accounting and evaluation principles

*Different accounting dates for transactions

*Insufficient data from the reporting parties

*Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceding publishing. Large and important revision however, will be commented upon in the publishing of today's statistics.

The statistics show preliminary figures. Data may be revised in future publications.

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