Credit and liquidity trends.

• Position: Statistical Data Included

Table 20. Inter-company loans. Amounts outstanding (in billions of NOK)

31/12 31/3 30/6 30/9 31/12 1998 1999 1999 1999 1999 Guaranteed by: Private finance companies 0.1 0.1 0.1 0.1 0.1 Non-life/credit insurance 0.2 0.2 0.2 0.1 0.1 companies Commercial banks 1.5 1.5 1.5 1.4 1.4 Savings banks 1.3 1.3 1.4 1.4 1.4 Loans with guarantee 3.2 3.1 3.1 3.0 3.0 Loans without guarantee arranged by: Broker 0.1 0.1 0.1 0.1 0.1 Bank 0.0 0.0 0.0 0.0 0.0 Total inter-company loans 3.3 3.2 3.2 3.2 3.1 Source: Norges Bank

Table 21. Credit indicator and money supply Volume figures at end of period NOKbn C2 C3(1) M2 1989 December 900.7 1 080.8 429.6 1990 December 928.1 1 092.5 453.4 1991 December 907.2 1 071.4 500.1 1992 December 882.3 1 069.5 542.1 1993 December 875.5 1 074.1 545.7 1994 December 893.5 1 073.1 582.5 1995 December 931.3 1 121.9 614.1 1996 December 990.0 1 214.0 643.8 1997 December 1 099.0 1 361.8 674.1 1998 May 1 145.5 1 442.6 714.5 June 1 154.0 1 460.8 702.9 July 1 162.4 1 467.4 706.1 August 1 173.8 1 486.5 705.2 September 1 168.9 1 478.0 702.2 October 1 177.7 1 492.5 703.1 November 1 185.2 1 511.8 709.2 December 1 194.1 1 539.2 714.0 1999 January 1 199.0 1 550.6 728.5 February 1 213.1 1 573.1 725.0 March 1 213.8 1 579.6 731.4 April 1 218.4 1 591.5 735.7 May 1 231.0 1 606.9 738.6 June 1 237.1 1 614.5 749.4 July 1 244.9 1 623.6 761.7 August 1 253.4 1 631.0 767.4 September 1 263.7 1 637.6 754.6 October 1 277.0 1 662.3 775.6 November 1 285.8 1 664.4 772.7 December 1 294.9 1 662.7 787.5 2000 January 1 310.0 ... 780.6 Percentage growth over past 12 months over past 3 months annualised rate C2 C3(1) M2 C2 M2 1989 December 6.9 6.4 7.5 1990 December 3.8 3.4 6.0 1991 December -2.4 -2.1 10.6 1992 December -3.3 -1.7 7.3 -4.5 9.5 1993 December -1.8 -1.7 0.5 -1.1 1.2 1994 December 2.3 1.2 6.5 2.7 1.5 1995 December 4.9 5.1 5.1 5.7 3.6 1996 December 6.2 6.0 5.7 7.5 5.3 1997 December 10.2 10.0 4.6 10.4 5.3 1998 May 10.1 11.0 9.6 8.9 5.7 June 9.8 11.2 7.5 8.6 6.7 July 10.0 11.5 7.1 8.8 1.2 August 9.9 11.7 5.8 8.1 -0.2 September 8.7 10.5 3.7 7.1 -2.4 October 8.6 10.2 4.2 5.6 0.1 November 8.3 10.5 4.0 6.3 2.4 December 8.3 12.1 5.1 6.6 8.0 1999 January 7.8 11.6 5.1 7.9 10.4 February 7.8 11.8 4.2 7.3 11.5 March 7.2 11.5 5.1 6.9 7.7 April 6.9 10.6 5.4 6.1 7.2 May 7.2 10.5 3.4 6.6 7.3 June 7.1 10.1 6.6 7.6 10.9 July 6.9 9.9 7.9 8.1 13.9 August 6.8 9.6 8.8 8.5 11.2 September 7.8 9.9 7.5 9.0 8.8 October 8.0 10.2 10.2 9.8 4.3 November 8.1 8.9 8.9 9.9 9.4 December 8.0 7.1 10.3 9.7 7.7 2000 January 8.7 ... 7.2 C2 = Credit indicator. Credit from domestic sources; seasonally adjusted figures.

C3 = Total credit from domestic and foreign sources; actual figures.

M2 = Money supply; seasonally adjusted figures,

(1) C3 has not been adjusted for revised C2 figures.

Source: Norges Bank

Table 22. Domestic credit supply to the private sector and municipalities, by source. In millions of NOK. 12-month growth as a percentage.

31/12-1997 Amount % Private banks 685 707 16.8 State lending institutions 172 497 0.2 Norges Bank 512 -2.5 Mortgage companies 71 628 17.6 Finance companies 37 240 22.6 Life insurance...