For similar evidence  from the United States, see McCarthy J. (2017), Discretionary Services Spending Has Finally Made It Back (to 2007), Liberty Street Economics, Federal Reserve Bank of New York. 3 Data until 2017Q3. 4 Updated on 16 March 2018: Mario Draghi mistakenly referred to the period 2016 to 2019, whereas the correct  period is 2016 to 2020.
For some banks lending increases by more than 50 per cent year-on-year. The strong growth in lending is clearly reflected in the composition of the banks' balance sheets. The difference between banks’ lending and deposits has increased considerably in recent years. Total lending now exceeds total deposits by a three-digit billion kroner amount.