Norges Bank’s Survey of Bank Lending 2008 Q3. Source: Norges Bank Repayment loans secured on...
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Norges Bank’s Survey of Bank Lending 2008 Q3
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Transcript of Norges Bank’s Survey of Bank Lending 2008 Q3. Source: Norges Bank Repayment loans secured on...
Norges Bank’s Survey of Bank Lending
2008 Q3
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4
Source: Norges Bank
Repayment loans secured on dwellings
TotalHome equity lines of credit
First- home loans
Chart 1 Household credit demand in 2008. Net percentage balances1), 2)
1) Net percentage balances are calculated by weighting togetherthe responses in the survey. The blue bars showdevelopments over the past quarter. The red diamonds showexpectations over the next quarter. The red diamonds have beenmoved forward one quarter2) Negative net percentage balances indicate falling demand
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4
Source: Norges Bank
1) See footnote 1 of Chart 12) Negative net percentage balances indicate tighter credit standards
Economic outlook
Credit standards2)
Banks’ appetite for
risk
Factors affecting credit standards
Chart 2 Change in credit standards for approving loans to households in 2008. Factors affecting credit standards. Net percentage balances1)
Funding
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4
Maximum loan-to-income ratio
Lending margins
Interest- only periods
Maximum loan-to-value ratio
1) See footnote 1 of Chart 12) Positive net percentage balances for lending margins indicatehigher lending margins and therefore tighter credit standards.Negative net percentage balances for maximum LTI ratio,maximum LTV ratio and use of interest-only periods indicatetighter credit standards
Source: Norges Bank
Chart 3 Change in loan conditions for households in 2008. Net percentage balances1), 2)
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4
Source: Norges Bank
Credit demand from non-financial
corportaions
Utilisation of credit lines
Chart 4 Credit demand from non-financial corporations and utilisation of credit lines in 2008. Net percentage balances1), 2)
1) See footnote 1 of Chart 1 2) Positive net percentage balances indicate increased demand orIncreased utilisation of credit lines
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4
Source: Norges Bank
Total Commercial real
estate
1) See footnote 1 of Chart 1 2) Negative net percentage balances indicate tighter credit standards
Chart 5 Change in credit standards for approving loans to non-financial corporations in 2008. Net percentage balances1), 2)
-90
-60
-30
0
30
60
90
-90
-60
-30
0
30
60
90
Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4
Source: Norges Bank
Funding
Chart 6 Factors affecting credit standards for approving loans to non-financial corporations in 2008. Net percentage balances1), 2)
1) See footnote 1 of Chart 1 2) Negative net percentage balances indicate that the factorcontributes to tighter credit standards
Economic outlook
Sector- specific outlook
Banks’ appetite for
risk
-80
-60
-40
-20
0
20
40
60
80
-80
-60
-40
-20
0
20
40
60
80
Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q4
Equity requirements
Lending margins Fees
Collateral requirements
Chart 7 Change in loan conditions for non-financial corporations in 2008. Net percentage balances1), 2)
1) See footnote 1 of Chart 12) Positive net percentage balances for lending margins indicatehigher lending margins. Positive net percentage balances forlending margins, equity requirements, collateral requirements andfees indicate tighter credit standards
Source: Norges Bank
