Norway Loan Debt Growth at 5-Month Low

2026-05-26 07:01 By Erika Ordonez 1 min. read

Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.92 billion at the end of April 2026, easing slightly after an upwardly revised 4.5% rise in the previous month.

This marked the weakest growth in general public domestic loan debt since November 2025, as loan growth mainly slowed for municipal governments (4.7% vs 5.2% in March).

Meanwhile, credit activity strengthened slightly for non-financial corporations, rising to 3.8% from 3.7% previously.

At the same time, household loan debt growth remained steady at 4.7% for a fourth consecutive month.

On a seasonally adjusted annualized one-month basis, total lending growth in April increased by 4.5%, picking up from an upwardly revised 4.0% in the previous period.



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Norway Loan Debt Growth at 5-Month Low
Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.92 billion at the end of April 2026, easing slightly after an upwardly revised 4.5% rise in the previous month. This marked the weakest growth in general public domestic loan debt since November 2025, as loan growth mainly slowed for municipal governments (4.7% vs 5.2% in March). Meanwhile, credit activity strengthened slightly for non-financial corporations, rising to 3.8% from 3.7% previously. At the same time, household loan debt growth remained steady at 4.7% for a fourth consecutive month. On a seasonally adjusted annualized one-month basis, total lending growth in April increased by 4.5%, picking up from an upwardly revised 4.0% in the previous period.
2026-05-26
Norway Loan Debt Growth Slows in March
Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 7.90 billion at the end of March 2026 following a 4.6% rise in the previous month.Loan growth to non-financial corporations eased to 3.7%, reaching NOK 2.45 billion, compared with 4.1% and NOK 2.39 billion previously. At the same time, household loan debt remained steady at 4.7% for a third consecutive month. In contrast, credit activity strengthened for municipal governments (5.1% vs 4.9%). On a seasonally adjusted annualised one-month basis, total lending growth in March increased by 3.7%, slowing from an upwardly revised 4.2% in the previous period.
2026-04-27
Norway Loan Debt Growth at Nearly 3-Year High
Norway’s general public domestic loan debt rose by 4.6% year-on-year to NOK 7.88 billion at the end of February 2026, following an upwardly revised 4.5% increase in the previous month. The latest reading marked the fastest growth since May 2023, driven by stronger lending to non-financial corporations, which climbed 4.1% to NOK 2.37 billion, accelerating from a 3.5% rise in January. On the other hand, credit expansion softened for municipal governments (4.9% vs 6.5%), while household loan debts remained steady (at 4.7%). Looking at the annualised one-month growth in February, the data indicated a 4.1% increase for the general public, slowing from a 5.9% growth in the preceding period.
2026-03-23