Norway's Ministry of Finance has presented the 2025 Financial Markets Report, assessing the Norwegian financial system as solid, with robust and profitable institutions, while highlighting a more uncertain risk outlook driven by developments in the Norwegian and international economy and global financial markets. The report points to high household indebtedness and banks’ significant exposure to commercial real estate as prominent domestic vulnerabilities, and notes that major tariff changes have increased uncertainty for the global economy and financial markets. It also highlights several years of low bank credit losses, good access to funding and strong results, and reiterates the government’s focus on maintaining competition in the Norwegian banking market, including signalling further measures to make switching banks even easier. The government also reiterates its priority of ensuring Norwegian financial-market participants face rules that are as aligned with EU requirements as possible, including ongoing work with EFTA partners and the EU to incorporate new financial-market legislation into the European Economic Area Agreement and implement it nationally with commencement in Norway as close to the EU timeline as possible.

Original source View in tracker