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NOK179.35 -0.2  -0.1%

Last Trade - 12/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 30th / 1832

Norway should tighten bank lending to rein in debt, regulator says

Mon 28th September, 2020 7:22am
OSLO, Sept 28 (Reuters) - Norway should impose tighter
restrictions on bank lending to private individuals as part of
efforts to rein in growth in borrowing, the country's Financial
Supervisory Authority (FSA) proposed on Monday.
    If approved by the finance ministry, the rule would cap the
combined mortgage and consumer loans of individual borrowers at
4.5 times annual income.
    Currently, the cap is set at five times annual income and
only takes into account mortgages, leaving out other consumer
debt.

 (Reporting by Terje Solsvik; Editing by Toby Chopra)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))
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