Bank lending falls in Norway

Household credit demand in Norway declined in the first quarter of 2008, reports a recent survey of bank lending by the Bank of Norway.

However, the tightening of the credit standards for loans to households and non-financial corporations was marginal. Lending standards for the commercial real estate sector tightened considerably. Tighter lending standards were primarily employed by increasing lending margins and equity requirements, the survey reveals.

To read the report, click here

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