Broadly unchanged credit demand
- Survey of Bank Lending
Credit demand from both households and enterprises was broadly unchanged in 2019 Q3. Credit standards and lending conditions were unchanged. Banks reported somewhat higher lending rates in both segments, reflecting somewhat higher funding costs. Margins fell somewhat on loans to households and were approximately unchanged for non-financial enterprises. For both segments in Q4, banks expect marginal change in overall credit demand. Slight increases in both lending rates and funding costs are also expected in Q4.
In its work on monitoring financial stability in Norway, Norges Bank uses extensive statistics on developments in credit and financial markets. In order to expand the information base, Norges Bank conducts a quarterly survey of bank lending. The survey provides information on changes in the demand for and supply of credit and on changes in banks’ loan terms and conditions. Objective of the Bank Lending Survey