Norway Loan Debt Growth Steady in October

2025-11-24 07:20 By Kyrie Dichosa 1 min. read

The general public’s domestic loan debt in Norway increased by 3.9% year-on-year, reaching NOK 7.76 trillion at the end of October 2025, in line with the revised figure reported for the previous month.

This remained the slowest pace of loan growth since March, as credit expansion remained steady for non-financial corporations at 1.7% and for households at 4.4%.

In contrast, loan growth accelerated for the municipal government, rising to 7.4% from 6.9% in the prior period.

Looking at the annualised one-month growth in October, the data indicated a 4.1% increase for the general public, following a 1.9% rise in September.

Municipal government lending surged by 11.4% compared with a decline of 5.8% previously, non-financial corporations saw a 1.2% increase from a 1.2% decrease, and household lending growth eased to 4.4% from 5%.



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The general public’s domestic loan debt in Norway rose by 3.9% year-on-year to NOK 7.79 billion at the end of November 2025, matching the pace seen in the previous two months. This remained the softest growth since March, as loan debt growth in municipal government eased (6.7% vs 7.4% in October), which more than offset increases in loan debt among households (4.5% vs 4.4%) and non-financial corporations (1.8% vs 1.7%). Looking at the annualised one-month growth in November, the data indicated a 3.3% increase for the general public, slowing from a 4.2% growth in October.
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Norway Loan Debt Growth Steady in October
The general public’s domestic loan debt in Norway increased by 3.9% year-on-year, reaching NOK 7.76 trillion at the end of October 2025, in line with the revised figure reported for the previous month. This remained the slowest pace of loan growth since March, as credit expansion remained steady for non-financial corporations at 1.7% and for households at 4.4%. In contrast, loan growth accelerated for the municipal government, rising to 7.4% from 6.9% in the prior period. Looking at the annualised one-month growth in October, the data indicated a 4.1% increase for the general public, following a 1.9% rise in September. Municipal government lending surged by 11.4% compared with a decline of 5.8% previously, non-financial corporations saw a 1.2% increase from a 1.2% decrease, and household lending growth eased to 4.4% from 5%.
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