The banks are getting rid of «rotten debt»
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….
Banks
Strong increase in consumer loans
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…
Five men convicted of having defrauded banks for 36 million kroner
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…
The Consumer Council wants interest rate curb on consumer loans
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…
Banks say no to more loan applications
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…
Good annual results for banks
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 warn of tighter lending and higher interest rates
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…
EU fines adds banks for interest rate manipulation
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…
Routines reveals terrorist financing
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…
Analyst believes the banks will raise interest rates
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…
Banks earn billions on consumer loans
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…
Strongest growth in loans to employees in Sør-Trøndelag
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…
Norges Bank: Banks lacks monetary contingency
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…
Believes banks has to foot sex club-bill
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….