Norway Loan Debt Rises 4.4% in June

Norway’s general public domestic loan debt increased by 4.4% year-on-year to NOK 8.01 billion at the end of June 2026, easing slightly from a 4.5% rise in the previous month. Lending growth to non-financial corporations eased to 4.1% from 4.3% in May, reaching NOK 2.42 billion, while that to municipal government also slowed to 3.7% from 4.6%, totaling NOK 0.8 trillion. Meanwhile, household loan debt rose by 4.7% to NOK 4.76 billion, following a 4.6% increase in May. On a seasonally adjusted annualized one-month basis, total loan debt for the general public grew by 3.7%, slowing from a 4.9% rise in the prior month.

Norway’s general public domestic loan debt rose by 4.5% year-on-year to NOK 7.96 billion at the end of May 2026, following a 4.4% increase a month earlier. Lending to non-financial corporations increased further, rising to 4.3% from 3.8% in April, while household debt growth remained unchanged at 4.7%. Meanwhile, loan debt growth for municipal government eased slightly to 4.6% from 4.7%. On a seasonally adjusted annualised one-month basis, total loan debt for the general public grew by 4.6% in May, matching the pace recorded in April.

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.