Norway's financial stability weakened by pandemic, c.bank says

Sparebank 1 Nord-Norge

10/11/2020 09:00

OSLO, Nov 10 (Reuters) - Norwegian banks have performed well
during the coronavirus pandemic, but a continued uncertainty
means that the stability of the country's financial system has
weakened somewhat, the central bank said in an annual report on
Tuesday.
    "There is considerable uncertainty regarding the future path
of the pandemic and the consequences for the economy and
financial markets," Norges Bank said.
    "The financial stability outlook has therefore weakened
somewhat," it added.
    High household debt and high property prices remain the key
financial system vulnerabilities in Norway, although these have
not changed significantly in the past year, Norges Bank said.
    "Banks are robust and well capitalised, despite increased
losses," it said.

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))