Norwegians steer clear of expensive consumer loans during reopening of country

Kroner - euro - dollarPhoto: Jon Olav Nesvold / NTB
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The reopening of Norway is in full swing, and so far, Norwegians have steered away from expensive consumer loans. Norwegians’ consumer debt continues to fall.

“Norway has come to life. There are queues at shopping malls and packed outdoor cafes all over the country. 

“It is, therefore, a pleasant surprise that consumer debt continued to fall in June,” commercial director Audun Danielsen in Kredinor stated in a press release.

According to recent figures from the Debt Register, there was a decrease in consumer debt of NOK 3 billion in June. The total consumer debt is now NOK 130.2 billion. 

There has been a decline in consumer debt throughout the pandemic, a total of approximately 16.3% since March 2020.

“Norwegians have lived with more restraint through the pandemic and saved a lot of money. It is these funds that are now being used during the reopening. Few have financed getting beers at Lektern with borrowed funds,” Danielsen said.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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