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Consumer Credit in Norway

November 2023 | 14 pages | ID: C0B1FB7EC31EN
Euromonitor International Ltd

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Consumer credit is enjoying a more prosperous year in 2023 than was expected, as the Norwegian economy remains resilient in the face of high inflation. The rate of inflation has reduced slightly in 2023, but it is still much higher than the 2% target. Interest rates have been raised to a high of 4.25% in September 2023, with further hikes possible, as the government tries to bring inflation down. Players in the consumer credit industry have felt the brunt of the interest rate hikes, with real sa...

Euromonitor International's Consumer Credit in Norway report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
  • Get a detailed picture of the Consumer Credit market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Consumer Credit in Norway
Euromonitor International
November 2023
List Of Contents And Tables
CONSUMER CREDIT IN NORWAY
KEY DATA FINDINGS

2023 DEVELOPMENTS

Consumer credit remains resilient despite higher interest rates
Deferred payments sought for educational loans
Majority of Norwegians can manage higher lending costs
PROSPECTS AND OPPORTUNITIES
Gross lending to remain healthy due to solid economy
Consolidation in banking sector creates stronger competition for specialised players
Auto gross lending to slow due to government policies
CATEGORY DATA
Table 1 Consumer Credit: Outstanding Balance by Category: Value 2018-2023
Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2018-2023
Table 3 Consumer Credit: Gross Lending by Category: Value 2018-2023
Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2018-2023
Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2023-2028
Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2023-2028
Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2023-2028
Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2023-2028
CONSUMER LENDING IN NORWAY
EXECUTIVE SUMMARY
Consumer lending in 2023: The big picture

2023 KEY TRENDS

Mortgages dampened by high interest rates
Buy-Now-Pay-Later increases prominence in personal lending
What next for consumer lending?
MARKET DATA
Table 9 Consumer Lending: Outstanding Balance by Category: Value 2018-2023
Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2018-2023
Table 11 Consumer Lending: Gross Lending by Category: Value 2018-2023
Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2018-2023
Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2018-2023
Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2023-2028
Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2023-2028
Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2023-2028
Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources


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