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27.08.202506:19:53UTC+00Swedish Household Lending Growth Highest Since 2023

In July 2025, the annual growth rate of lending to Swedish households slightly increased to 2.6% from 2.4% in June, achieving its highest level since February 2023. Housing loans, which constitute 83% of the total household lending portfolio, experienced a modest rise in their annual growth rate, reaching 2.4% compared to 2.2% in the prior month. On the other hand, consumption loans, making up 6% of the total household lending, saw an uptick in their growth rate to 4.6% year-on-year, revised upwards from 4.0% in June. New mortgage agreements in July had an average interest rate of 2.84%, with the average floating rate being slightly higher at 2.86%. Additionally, lending to non-financial corporations saw its annual growth rate escalate to 2.7% from 1.9% in June 2025, marking the fifth consecutive month of positive growth in this sector.

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