Non-Performing Loans (As % of Total Loans) rose 35.1% yoy to 0.424% in Norway in 2Q2024

Non-performing loans as a share of bank loans rose 35.1% yoy to 0.424% in Norway in 2Q2024, according to the National Central Bank. This is 3.01% more than in the previous quarter.

Historically, non-performing loans as a share of bank loans in Norway reached an all time high of 1.68% in 4Q2011 and an all time low of 0.272% in 4Q2022. When compared to Norway's main peers, non-performing loans as a share of bank loans in Denmark amounted to 0.899%, 1.41% in Finland, 1.97% in Iceland and 0.416% in Sweden in 2Q2024.

Norway has been ranked 61st within the group of 62 countries we follow in terms of non-performing loans as a share of bank loans, 46 places above the position seen 10 years ago.