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Financial market statistics, May 2020

Growth rate of loans to corporations decreased in May

Statistical news from Statistics Sweden 2020-06-26 9.30

In May 2020, the annual growth rate of loans to non-financial corporations was 5.6 percent, down by 0.2 percentage points compared with April.

Lending by MFIs to non-financial corporations amounted to SEK 2 540 billion in May. This is an increase of SEK 20 billion compared with the previous month and an increase of SEK 135 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 838 billion in May. Unsecured credit to enterprises amounted to SEK 365 billion and loans to tenant-owner associations, which are considered non-financial corporations, amounted to SEK 501 billion.

Growth rate, lending to households and non-financial corporations

Namnlös

Growth rate of households’ loans decreased in May

In May 2020, the annual growth rate of loans to households from monetary financial institutions was 5.1 percent, which is a decrease of 0.1 percentage point compared with April.

Loans to households from monetary financial institutions (MFIs) amounted to SEK 4 293 billion in May. This is an increase of SEK 21 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 3 519 billion in May. 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 5.3 percent in May 2020.

The growth rate of loans to households for consumption was 7.4 percent in May, unchanged from April. The growth rate of loans with other collateral was 3.3 percent in May, an increase of 0.1 percentage point from April. Household consumption credits and loans with other collateral totalled SEK 254 billion and SEK 520 billion, respectively, in May 2020.

Housing loan rate decreased

Households’ average housing loan rate on new agreements was 1.54 percent in May, a decrease of 0.01 percentage point compared with April. The floating housing loan rate was 1.60 percent in May, also down by 0.01 percentage point compared with April.

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

The average interest rate on loans for new agreements to non-financial corporations was 1.60 percent in May, 0.06 percentage points less than in April. The floating rate decreased by 0.08 percentage points compared with the previous month and amounted to 1.72 percent in May.

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

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-May
1.91% 1.52% 5.1% 1.34% 6.1%
20-Apr
1.87% 1.55% 5.2% 1.66% 5.8%
20-May
1.94% 1.54% 5.1% 1.60% 5.6%

M3 growth rate increased

The annual growth rate of the narrow monetary aggregate, M1, amounted to 16.8 percent in May, an increase of 1.5 percentage points compared with April. M1 amounted to SEK 3 489 billion in May.

The growth rate of the broad monetary aggregate, M3, amounted to 14.6 percent in May, an increase of 0.3 percentage points compared with April. M3 amounted to SEK 4 085 billion in total in May.

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

2020-07-27 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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