Chapter 10 Credit, banking and monetary developments in Norway (pdf, 337 kB), is written by Øyvind Eitrheim, Karsten Gerdrup and Jan T. Klovland .

This chapter gives an overview of sources and data for the credit granted by savings banks and commercial banks from 1840 to 2003.

Prior to 1840 the bulk of credit granted to the non-financial private sector came from Norges Bank. Norges Banks's share of total lending was 82 per cent in 1840. This share fell thereafter as Norges Bank gradually evolved into a more typical central bank in the sense that extension of short- term loans and the use of the discount rate as a monetary policy instrument became more important.

Updates and revisions

The printed book provides detailed documentation of the historical database as of June 2004. Updates and revisions are listed below.

 

August 2010
Table A2. Commercial bank and savings bank lending in millions of NOK

Table A4. Total credit to general public in millions of NOK.