Norway government rejects bank regulator's proposed lending curb

Sparebank 1 Sor-Norge ASA

09/12/2020 10:01

OSLO, Dec 9 (Reuters) - The Norwegian government has
rejected a proposal from the country's bank regulator to cap
lending to private individuals at a lower level than today, the
finance ministry said on Wednesday.
    Norway's Financial Supervisory Authority (FSA) had proposed
reducing the maximum limit for borrowers' debt to 4.5 times
their gross annual income, but the regulation will instead
remain unchanged at 5 times income, the ministry said.

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