Norway says no plans to cap rates on short-term consumer loans

Sparebank 1 Nord-Norge

26/04/2019 10:57

OSLO, April 26 (Reuters) - The Norwegian government does not
currently plan to introduce maximum interest rate levels for
small, short-term consumer loans, it said in an annual review of
the banking industry on Friday.
     "This could be a potential measure if there were to develop
a large market for such loans, but in today's market this would
not be a precise enough tool to justify the associated risk of
undesireable consequences," the Finance Ministry said in a
statement.

 (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))