Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Norway banks holding a record 1,000bn kroner

Share this article

Norway banks holding a record 1,000bn kroner
Norwegian kroner banknotes. Photo: Berit Roald / NTB scanpix
17:06 CET+01:00
Bank deposits in Norway have hit a high, despite low interest rates, as householders hold over 1,000 billion kroner in their accumulated bank accounts, latest statistics show.
The bank balance of all Norwegian households totalled 1,003 billion kroner ($150 billion) at the end of September this year. This is 76 billion kroner ($11 billion) more than at the same time last year.
Bank deposits by the Norwegian population have increased by 8 percent only during the last year, based on latest figures from Statistisk sentralbyrå (SSB - Statistics Norway).
Norway's households have also become more important to the banks during the last years. In 2009, householders' savings accounted for 30 percent of the collected deposits of the banks. This has now increased to close to 35 percent.
Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?