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Consumer Lending in Norway

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    Report

  • 13 Pages
  • January 2025
  • Region: Norway
  • Euromonitor International
  • ID: 2515387
Consumer lending witnessed another record year of growth in Norway over 2024. Following the challenging pandemic years and a period of high inflation due to the war in Ukraine, the economy is beginning to feel the positive effects of falling inflation. In 2024, both gross lending and outstanding balances increased at a steady pace buoyed by improved levels of consumer confidence.

The Consumer Lending 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: Consumer Credit, Mortgages/Housing.

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 Lending 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.

Table of Contents

EXECUTIVE SUMMARY
  • Consumer lending in 2024: The big picture
  • 2024 key trends
  • Mortgages/housing face challenges amid rising interest rates
  • High interest rates prevail to counter inflation
  • What next for consumer lending?
MARKET DATA
  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2019-2024
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2019-2024
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2019-2024
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2019-2024
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2019-2024
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2024-2029
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2024-2029
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2024-2029
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
CONSUMER CREDIT IN NORWAYKEY DATA FINDINGS
2024 DEVELOPMENTS
  • Card lending continues to rebound post-pandemic
  • Norwegians prefer to pay back credit swiftly
  • Mainstream lenders account for majority of gross lending
PROSPECTS AND OPPORTUNITIES
  • Little change in the competitive landscape
  • BNPL expected to continue growing
  • Role of AI is expected to strengthen
CATEGORY DATA
  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2019-2024
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2019-2024
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2019-2024
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2019-2024
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2024-2029
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2024-2029
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2024-2029
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2024-2029