Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
New detailed statistics for banking and mortgage debt
Danmarks Nationalbank is publishing a new statistic for banking and mortgage lending based on microdata reported by banks and mortgage credit institutions. The statistics contain data on outstanding nominal amounts, as well as the number of loans and borrowers for various types of loans from mortgage credit institutions and the largest banks to Danish households and corporations. The statistics contain data dating back to the 1st quarter of 2020 and will be updated on a quarterly basis.
Distribution of Danish private customers’ mortgage loans, 1st quarter 2024
Note:
The chart shows the distribution of mortgage loans to Danish private customers (sector 1430 employees etc.) using two different methodologies, end of the 1st quarter of 2024.
Source:
Danmarks Nationalbank, DNMUF1.
Distribution of Danish corporations and households’ loans
For the first time, distributional figures for Danish corporations and households’ loans will be published in Danmarks Nationalbank’s Statbank. It is possible to explore the distributions of various combinations of dimensions such as sector, type of instrument, interest rate type, and instalment.
For instance, it is now possible to look at the distribution of Danish private customers’ mortgage debt. Calculated per loan, the typical outstanding nominal amount (median) for a mortgage loan was kr. 998,000 in the 1st quarter of 2024. Calculated per borrower, the typical outstanding nominal amount (median) was kr. 762,000. The difference between the two numbers is due to the fact that many private customers have joint loans, e.g. with their partner, and therefore the debt is shared between them.
Chart 1
The two methodologies yield different results
Note:
The chart illustrates three different cases with borrowers and loans and how the two methodologies yield different results depending on the number of borrowers and number of loans.
Source:
Danmarks Nationalbank, Sources and method.
Two methodologies provide more options
In the new tables all values are available for two different methodologies. The option calculated per loan looks at every single loan and the option calculated per borrower looks at each individual borrower. Given that a borrower can have more than one loan and several borrowers can have one joint loan, the two methodologies will yield different results. Read more about the methodologies and table contents in Sources and method on Danmarks Nationalbank’s website.
As an example, Chart 2 shows that the typical outstanding nominal amount for Danish private customers’ fixed interest rate mortgage debt without instalments is kr. 1,320,000 when calculated per loan and kr. 874,000 when calculated per borrower. In comparison these numbers ate just kr. 830,000 and kr. 577,000 respectively for the same type of debt with instalments
Chart 2
The median of Danish private customers’ mortgage debt in the 1st quarter of 2024 for different types of loans
Note:
The chart shows the median for mortgage loans to Danish private customers (sector 1430 employees etc.) for two different methodologies as well as two different loan characteristics, interest rate type and instalment type, end of the 1st quarter of 2024.
Source:
Danmarks Nationalbank, DNMUF2.
Find the new tables in Statbank
Since the beginning of 2020, Danmarks Nationalbank has collected data for all loans from banks and mortgage credit institutions in Denmark. This provides new possibilities for supplementing the aggregated statistics on banking and mortgage lending that Danmarks Nationalbank already publishes.
The new data can be found in the Statbank tables DNMUF1 and DNMUF2.
The table DNMUF1 contains the number of loans/borrowers and distributions for various sectors and a range of instruments such as mortgage loans, bank loans excl. credits, credits excl. credit cards and credit cards.
The table DNMUF2 contains more information om mortgage loans and bank loans excl. credits. In the table, the number of loans/borrowers and distributions are available for these instruments, and it is possible to subdivide into various sectors, fixed or variable interest rate and whether or not the loans is paid with instalments.