FX.co ★ Norway Loan Debt Growth at 5-Month Low

Norway’s general public domestic loan debt rose 4.4% year-on-year to NOK 7.92 billion at the end of April 2026, easing slightly from an upwardly revised 4.5% increase in March. This was the slowest annual expansion in general public domestic loan debt since November 2025, reflecting primarily a deceleration in lending to municipal governments (4.7% vs. 5.2% in March).

By contrast, credit to non-financial corporations strengthened modestly, with growth edging up to 3.8% from 3.7% in the previous month. Household loan debt growth was unchanged at 4.7%, remaining at that pace for the fourth consecutive month.

On a seasonally adjusted, annualized one-month basis, total lending growth picked up to 4.5% in April, from an upwardly revised 4.0% in the prior period.