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Financial market statistics, April 2020

Growth rate of loans to corporations increased in April

Statistical news from Statistics Sweden 2020-05-29 9.30

In April 2020, the annual growth rate of loans to non-financial corporations was 5.8 percent, up by 0.5 percentage points compared with March.

Lending by MFIs to non-financial corporations amounted to SEK 2 519 billion in April. This is an increase of SEK 37 billion compared with the previous month and an increase of SEK 138 billion compared with the corresponding month a year ago.

Multi-dwelling buildings is the most common form of security for lending to non-financial corporations and amounted to SEK 826 billion in April. Unsecured credit to enterprises amounted to SEK 457 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 500 billion.

Growth rate, lending to households and non-financial corporations

Financial market statistics, April 2020

Growth rate of households’ loans unchanged in April

In April 2020, the annual growth rate of loans to households from monetary financial institutions was 5.2 percent, which is unchanged compared with March.

Loans to households from monetary financial institutions (MFIs) amounted to SEK 4 272 billion in April. This is an increase of SEK 17 billion compared with the previous month, and an increase of SEK 215 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 3 504 billion in April. This is an increase of SEK 16 billion compared with the previous month and an increase of SEK 179 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 5.4 percent in April 2020.

The growth rate of loans to households for consumption was 7.4 percent in April, a decrease of 0.4 percentage points from March. The growth rate of loans with other collateral was 3.2 percent in April, a decrease of 0.4 percentage points from March. Household consumption credits and loans with other collateral totalled SEK 251 billion and SEK 517 billion, respectively, in April 2020.

Housing loan rate increased

Households’ average housing loan rate on new agreements was 1.55 percent in April, an increase of 0.02 percentage points compared with March. The floating housing loan rate was 1.61 percent in April, which is unchanged compared with March.

The average interest rate on new deposits by households in bank accounts was 0.10 percent in April, unchanged compared with March. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.23 percent in April, an increase of 0.01 percentage point compared with March.

The average interest rate on loans for new agreements to non-financial corporations was 1.66 percent in April, which is an increase of 0.14 percentage points compared with March. The floating rate increased by 0.17 percentage points compared with the previous month and amounted to 1.80 percent in April.

Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in April, down by 0.01 percentage point compared with March. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.03 percent in April, down by 0.10 percentage point compared with March.

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
19-apr
1.87% 1.54% 5.1% 1.35% 6.1%
20-mar
1.89% 1.53% 5.2% 1.52% 5.3%
20-apr
1.87% 1.55% 5.2% 1.66% 5.8%

 

M3 growth rate increased

The annual growth rate of the narrow monetary aggregate, M1, amounted to 15.3 percent in April, an increase of 2.4 percentage points compared with March. M1 amounted to SEK 3 416 billion in April.

The growth rate of the broad monetary aggregate, M3, amounted to 14.3 percent in April, an increase of 1.8 percentage points compared with March. M3 amounted to SEK 4 016 billion in total in April.

Money supply, annual growth rate
Financial market statistics, April 2020

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.

Expanded publication from January 2020

As from the January 2020 publication, Financial Markets Statistics also includes information on lending from mortgage credit companies and alternative investment funds (AIFs). Corresponding lending rates are also included. Note that these additions have led to changes to certain existing tables and/or the order of the tables. One example can be found under tab 4.1 Growth rates, where the growth rate for MFI lending to households has been shifted to the right. Changes have been made under tabs 4.1-4.2, 7.1-7.2 and 8.1-8.2. See notes for more information. Corresponding changes have not been made in the tables in the Statistical Database.

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

2020-06-26 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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