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Norges Bank's 2008 Q3 Household Credit Trends

Explore Norges Bank's Survey of Bank Lending 2008 Q3 Chart revealing household credit demand, loan conditions, and credit standards shifts in 2008 for better financial insights.

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Norges Bank's 2008 Q3 Household Credit Trends

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  1. Norges Bank’s Survey of Bank Lending 2008 Q3

  2. Chart 1 Household credit demand in 2008. Net percentage balances1), 2) Repayment loans secured on dwellings First- home loans Home equity lines of credit Total 1) Net percentage balances are calculated by weighting together the responses in the survey. The blue bars show developments over the past quarter. The red diamonds show expectations over the next quarter. The red diamonds have been moved forward one quarter 2) Negative net percentage balances indicate falling demand Source: Norges Bank

  3. Chart 2 Change in credit standards for approving loans to households in 2008. Factors affecting credit standards. Net percentage balances1) Factors affecting credit standards Credit standards2) Economic outlook Banks’ appetite for risk Funding 1) See footnote 1 of Chart 1 2) Negative net percentage balances indicate tighter credit standards Source: Norges Bank

  4. Chart 3 Change in loan conditions for households in 2008. Net percentage balances1), 2) Maximum loan-to-income ratio Maximum loan-to-value ratio Interest- only periods Lending margins 1) See footnote 1 of Chart 1 2) Positive net percentage balances for lending margins indicate higher lending margins and therefore tighter credit standards. Negative net percentage balances for maximum LTI ratio, maximum LTV ratio and use of interest-only periods indicate tighter credit standards Source: Norges Bank

  5. Chart 4 Credit demand from non-financial corporations and utilisation of credit lines in 2008. Net percentage balances1), 2) Credit demand from non-financial corportaions Utilisation of credit lines 1) See footnote 1 of Chart 1 2) Positive net percentage balances indicate increased demand or Increased utilisation of credit lines Source: Norges Bank

  6. Chart 5 Change in credit standards for approving loans to non-financial corporations in 2008. Net percentage balances1), 2) Commercial real estate Total 1) See footnote 1 of Chart 1 2) Negative net percentage balances indicate tighter credit standards Source: Norges Bank

  7. Chart 6 Factors affecting credit standards for approving loans to non-financial corporations in 2008. Net percentage balances1), 2) Economic outlook Sector- specific outlook Banks’ appetite for risk Funding 1) See footnote 1 of Chart 1 2) Negative net percentage balances indicate that the factor contributes to tighter credit standards Source: Norges Bank

  8. Chart 7 Change in loan conditions for non-financial corporations in 2008. Net percentage balances1), 2) Lending margins Equity requirements Collateral requirements Fees 1) See footnote 1 of Chart 1 2) Positive net percentage balances for lending margins indicate higher lending margins. Positive net percentage balances for lending margins, equity requirements, collateral requirements and fees indicate tighter credit standards Source: Norges Bank

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