Households increasingly cautious to borrow

earthpressnews

Households increasingly cautious to borrow

The Swedes borrow at a lower rate. Archive image. – Photo: Fredrik Sandberg/TT

The growth rate for household loans continues to slow down, new figures from Statistics Norway show.

At an annual rate, lending from so-called monetary financial institutions (including banks) grew by 1.5 percent in May. In April, the rate of increase was 1.9 percent at an annual rate.

Housing loans made up 83 percent of total lending to households and consumer loans 6 percent. Consumer loans grew by 0.8 percent.

Notifications

Turn on notifications to get the latest news from Nyheter24.

Decline Accept

Notifications from your city

Turn on notifications for your city to get the latest Blåljus news from Nyheter24.

Decline Accept

nh2-general