Lower household credit demand
- Survey of Bank Lending
There were minor changes in overall credit standards for households and enterprises in Q3. Household lending margins rose, but to a lesser extent than banks expected at end-Q2. Banks report lower household credit demand.
Banks expect some easing of corporate credit standards in Q4 and approximately unchanged credit standards for households. Banks expect narrower margins on lending to both households and enterprises. At the same time, they expect household and corporate demand for loans to fall somewhat.
In its work on monitoring financial stability in Norway, Norges Bank uses extensive statistics on developments in credit and financial markets. In order to expand the information base, Norges Bank conducts a quarterly survey of bank lending. The survey provides information on changes in the demand for and supply of credit and on changes in banks’ loan terms and conditions. Objective of the Bank Lending Survey