Treasury calls on banks to hold on to dividends
Banks must wait to pay out dividends to be better insured against serious financial downturns during the corona crisis, the Minister of Finances said. Well-capitalized…
Banks must wait to pay out dividends to be better insured against serious financial downturns during the corona crisis, the Minister of Finances said. Well-capitalized…
DNB, Nordea and Danske Bank use enormous resources to fight financial crime. Nevertheless, everyone has experienced major money laundering cases in recent years. Figures taken…
Sparebank1 sounds an alarm after several scams lately. – “They speak flawless Norwegian and use names and telephone numbers that can be linked to the…
The banks are increasingly getting rid of «rotten debt» Banks sell defaulted loans, aka «rotten debt», to debt collection companies to a greater extent than before….
Strong increase in applications for consumer loans More than 3.5 million applications for consumer loans were made in Norway last year, almost 700,000 more than…
In just one year, five men managed to cheat NOK 36 million from several banks. Now they are to be sentenced after the mafia law…
Foreign online banks now offer what are called ‘express loans’ in the Norwegian market, loans with annual interest rates exceeding 1,000%. Jorge Jensen, CFO…
After Finance Minister Siv Jensen introduced stricter rules for mortgages beginning of the year, more loan applicants were turned down by the banks. Dagens Næringsliv…
Norwegian banks’ pre-tax profit amounted to NOK 54.3 billion in 2016. This is an increase of NOK 5.2 billion from 2015. Norwegian banks’ profit before…
Banks will tighten credit standards for households ahead. At the same time Norwegians should prepare for higher lending rates. It was revealed in Norges Bank’s…
Large banks Crédit Agricole, HSBC and JPMorgan Chase have been fined 4.3 billion by the European Commission for illegally having agreed to lock interest rates…
Banks’ procedures to report suspected money laundering uncovered several cases that have focused on terrorist financing. Norwegian banks and financial institutions have so far this…
Norges Bank left interest rates unchanged, but analysis manager in Swedbank still think that banks are going to raise mortgage rates. Although the central bank…
The largest consumer banks had a profit of 2.3 billion last year. The sum represents an increase of one billion from the previous year, according…
Total loans from banks and mortgage companies to employees in Norwegian counties increased by 6.9 per cent in 2015 to NOK 2 310 billion. Sør-Trøndelag county…
The banks do not have their contingency in order to ensure that people get access to cash in an emergency situation, Norges Bank believes. There…
Norwegian banks have ended up in conflict with several clients who claim they have been drugged and defrauded of several hundred thousand kroner while abroad….