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Financial market statistics, June 2020

Growth rate of loans to corporations decreased in June

Statistical news from Statistics Sweden 2020-07-27 9.30

In June 2020, the annual growth rate of loans from Monetary Financial Institutions (MFI) to non-financial corporations was 5.2 percent, down by 0.4 percentage points compared with May.

Lending by MFIs to non-financial corporations amounted to SEK 2 529 billion in June. This is a decrease of SEK 10 billion compared with the previous month and an increase of SEK 126 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 847 billion in June. Unsecured credit to enterprises amounted to SEK 354 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 502 billion.

Growth rate, lending to households and non-financial corporations
Namnlös

Decreased growth rate of households’ loans for consumption

In June 2020, the annual growth rate of loans to households from MFIs was 5.1 percent, unchanged from May.

Loans to households from MFIs amounted to SEK 4 318 billion in June. This is an increase of SEK 25 billion compared with the previous month, and an increase of SEK 216 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 3 540 billion in June. This is an increase of SEK 21 billion compared with the previous month and an increase of SEK 183 billion compared with the corresponding month a year ago. The annual growth rate of housing loans was 5.4 percent in June 2020.

The growth rate of loans to households for consumption was 6.0 percent in June, a decrease of 1.4 percentage points compared with previous month. The growth rate of loans with other collateral was 3.3 percent in June, unchanged from May. Household consumption credits and loans with other collateral totalled SEK 255 billion and SEK 523 billion, respectively, in June 2020.

Housing loan rate decreased

Households’ average housing loan rate on new agreements was 1.53 percent in June, a decrease of 0.01 percentage point compared with May. The floating housing loan rate was 1.59 percent in June, also down by 0.01 percentage point.

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

The average interest rate on loans for new agreements to non-financial corporations was 1.45 percent in June, 0.15 percentage points lower than in May. The floating rate decreased by 0.13 percentage points compared with the previous month and amounted to 1.59 percent in June.

Non-financial corporations’ average interest rate on new deposits in bank accounts amounted to 0.02 percent in June, unchanged from May. The interest rate on accounts with fixed periods or a limited number of free withdrawals was 0.00 percent in June, down by 0.01 percentage point compared with May.

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-jun
1.87% 1.53% 5.0% 1.38% 5.2%
20-maj
1.94% 1.54% 5.1% 1.60% 5.6%
20-jun
1.87% 1.53% 5.1% 1.45% 5.2%

M3 growth rate increased

The annual growth rate of the narrow monetary aggregate, M1, amounted to 16.5 percent in June, a decrease of 0.3 percentage points compared with May. M1 amounted to SEK 3 564 billion in June.

The growth rate of the broad monetary aggregate, M3, amounted to 15.4 percent in June, an increase of 0.8 percentage points compared with May. M3 amounted to SEK 4 170 billion in total in June.

Money supply, annual growth rate
Namnlös

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

2020-08-27 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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Viktor Morell

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