FX.co ★ Norway’s Credit Growth Edges Higher to 4.6% in February, Extending Uptrend

Norway’s credit indicator continued to firm in early 2026, with year-over-year growth rising to 4.6% in February, up from 4.4% in January. The figures, updated on 23 March 2026, confirm a gradual acceleration in credit activity on an annual comparison basis.

The “actual” February reading reflects the change in credit relative to February a year earlier, while January’s “previous” figure measures the change versus the same month a year before. The back-to-back increases suggest that, on a year-over-year basis, Norwegian borrowers are taking on more credit than they did in the corresponding months of the prior year, signaling a modest but steady strengthening in credit demand.