DNB ASA logo

DNB - DNB ASA News Story

NOK179.55 -2.7  -1.5%

Last Trade - 11/05/21

Large Cap
Market Cap £24.18bn
Enterprise Value £55.87bn
Revenue £4.98bn
Position in Universe 30th / 1836

Norway will not tighten mortgage lending rules - ministry

Fri 15th November, 2019 7:04am
OSLO, Nov 15 (Reuters) - Norway will not tighten existing
rules for mortgage lending to households, the finance ministry
said on Friday, going against advice from the Nordic country's
Financial Supervisory Authority.
    The regulator, aiming to bring down high household debt,
proposed in September that bank customers should be allowed to
borrow only up to 4.5 times a household's gross annual income,
instead of five times previously, among other
proposals. ID:nO9N23701T 
    The finance ministry's decision followed advice by the
Norwegian central bank in October that there was no need to
tighten rules as growth in household debt was easing and house
price growth was also moderating.  ID:nL5N26Z4H4 

 (Reporting by Gwladys Fouche
Editing by Andrew Heavens)
 ((gwladys.fouche@tr.com; +47 23 31 65 94; Reuters Messaging:
gwladys.fouche.reuters.com@reuters.net; Twitter handle:
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.