Oslo, Norway – Norges Bank, the central bank of Norway, released its balance sheet for April, offering insights into its financial performance and stability. As of April 30, 2023, the bank showcased a robust position with a total asset value of 15,786,713 NOK million.
The bank’s financial assets demonstrated resilience and diversification, totaling 940,312 NOK million. Notably, deposits in banks amounted to 63,911 NOK million, indicating a healthy liquidity position. Additionally, secured lending reached 42,413 NOK million, highlighting the bank’s commitment to responsible lending practices.
The balance sheet further highlighted the bank’s investments in equities, with a substantial holding of 129,918 NOK million. A portion of these equities, totaling 3,071 NOK million, were lent to external parties, showcasing the bank’s participation in the securities lending market. Bonds constituted a significant part of the bank’s portfolio, amounting to 522,075 NOK million.
Furthermore, Norges Bank demonstrated its involvement in international financial markets, with claims on the International Monetary Fund (IMF) amounting to 138,059 NOK million. Lending to banks stood at 35,611 NOK million, indicating the bank’s commitment to supporting financial institutions.
The Government Pension Fund Global, a key component of the bank’s activities, showed a substantial net value of 14,844,322 NOK million, reflecting the bank’s long-term investment strategy and prudent management.
On the liabilities side, the bank showcased a responsible approach to financial obligations. Total financial liabilities amounted to 586,635 NOK million. Notably, deposits from the Treasury accounted for 371,564 NOK million, indicating the government’s trust in the bank’s stability and reliability.
The balance sheet also revealed the bank’s strong equity position of 269,520 NOK million. Moreover, the bank reported a profit of 85,691 NOK million for the year, highlighting its financial success and efficiency.
Norges Bank’s prudent management and commitment to financial stability have positioned it as a reliable institution within the global banking community. The bank’s April balance sheet reaffirms its dedication to responsible practices and showcases its role in supporting Norway’s economy and financial system.