Lending by monetary financial institutions (MFIs) to non-financial corporations amounted to SEK 2 537 billion in July. This is an increase of SEK 7 billion compared with the previous month and an increase of SEK 128 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 851 billion in July. Unsecured credit to enterprises amounted to SEK 356 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 503 billion.

Increased growth rate of households’ loans for consumption

In July 2020, the annual growth rate of loans to households from MFIs was 5.2 percent, an increase of 0.1 percentage point from June.

Loans to households from MFIs amounted to SEK 4 335 billion in July. This is an increase of SEK 17 billion compared with the previous month, and an increase of SEK 221 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 3 555 billion in July. This is an increase of SEK 15 billion compared with the previous month and an increase of SEK 186 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 5.4 percent in July 2020.

The growth rate of loans to households for consumption was 6.3 percent in July, an increase of 0.3 percentage points compared with the previous month. The growth rate of loans with other collateral was 3.5 percent in July, an increase of 0.2 percentage points from June. Household consumption credits and loans with other collateral totalled SEK 255 billion and SEK 526 billion, respectively, in July 2020.

Housing loan rate decreased

Households’ average housing loan rate on new agreements was 1.51 percent in July, a decrease of 0.02 percentage points compared with June. The floating housing loan rate was 1.57 percent in July, also down by 0.02 percentage points.

The average interest rate on new deposits by households in bank accounts was 0.10 percent in July, unchanged compared with June. The interest rate on accounts with fixed periods or a limited number of free withdrawals amounted to 0.23 percent in July, also unchanged compared with June.

The average interest rate on loans for new agreements to non-financial corporations was 1.68 percent in July, 0.23 percentage points more than in June. The floating rate increased by 0.26 percentage points compared with the previous month and amounted to 1.85 percent in July.

Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in July, unchanged from June. The interest rate on accounts with fixed periods or a limited number of free withdrawals was -0.03 percent in July, down by 0.03 percentage points compared with June.

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.

2020-09-25 at 09:30.