Norway’s domestic loan debt held by the general public increased by 4.6% year-on-year to NOK 7.88 billion at the end of February 2026, slightly above the upwardly revised 4.5% rise recorded in January. This was the fastest pace of growth since May 2023, mainly reflecting stronger lending to non-financial corporations. Debt in this segment rose by 4.1% to NOK 2.37 billion, up from a 3.5% annual increase in the previous month.
By contrast, credit growth to municipal governments eased to 4.9%, down from 6.5% in January, while household borrowing remained unchanged at an annual growth rate of 4.7%.
On an annualised one-month basis, general public loan debt grew by 4.1% in February, slowing from 5.9% in the preceding period.
