Tighter credit standards for households
- Survey of Bank Lending
Banks tightened credit standards for households in 2017 Q1, as indicated in 2016 Q4, reflecting changes in the regulation on requirements for new residential mortgage loans. Credit demand from households and non-financial enterprises remained unchanged in Q1. Lending rates and lending margins increased for both households and non-financial enterprises.
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