Norwegian deputy predicts lower bank profits
Jarle Bergo, the deputy governor of the Central Bank of Norway, said on Thursday that conditions in the property and money markets were likely to drive down commercial banks' profit margins.
Bergo said: "With a slower rise in house and commercial property prices and lower lending growth, combined with a normalisation of loan losses, banks may find it more difficult to maintain the high level of profitability that we have witnessed in recent years." The deputy governor added: "Banks'
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