FX.co ★ Norway Loan Debt Rises 4.9% in September

Norway’s total domestic loan debt held by the general public rose 4.9% year-on-year to NOK 8.09 trillion at the end of September 2026, up from a 4.5% increase in August. This was the fastest growth rate since May 2023. Lending to non-financial corporations accelerated to 5.9% from 4.8%, reaching NOK 2.44 trillion, while loans to municipal governments increased by 4.4%, compared with 3.0% in the previous month, to NOK 0.84 trillion. By contrast, lending growth to households edged down to 4.5% from 4.6%, with outstanding household loans amounting to NOK 4.81 trillion. On a seasonally adjusted, annualized one-month basis, total domestic loan debt for the general public expanded by 6.0%, following a 5.6% rise in August.