The strength of the Norwegian economy will boost lending with more regulation expected in the coming years. Amid stable GDP growth, inflation rates are likely to fall in 2023, with low unemployment increasing consumer confidence.
Consumer credit remains in the hands of Norway’s biggest banks alongside more specialized players. The leading banks offer general retail banking services from bank accounts and credit cards through to loans and mortgages.
A wide variety of lending options will continue to be offered to Norwegians in auto lending, as customers seek more sophisticated and flexible offerings. In addition to a traditional car loan, separate solutions exist for young people, electric cars, motorcycles, boats, motorhomes, ATV’s and even snowmobiles.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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